News
Ruler Maintains Firm Control 30 Years After Rwandan Genocide.
It has been 30 years since the Rwandan genocide, a dark chapter in history that saw the loss of hundreds of thousands of lives in a brutal campaign of violence. Today, Rwanda has emerged as a success story in Africa, with a thriving economy, stable government, and impressive infrastructure. Yet, behind this facade of progress lies a dark truth – the iron-fisted rule of President Paul Kagame.
Under Kagame’s leadership, Rwanda has seen remarkable development and modernization. The capital, Kigali, boasts gleaming towers, tech startups, and world-class facilities. The country has attracted investment, tourists, and admiration from international leaders. However, this progress has come at a steep cost – the stifling of dissent, crackdown on opposition, and allegations of human rights abuses.
Despite his undemocratic methods, Kagame has maintained a tight grip on power for three decades. His rule has been marked by a cult of personality, a suppression of free speech, and a firm control over all aspects of society. The government’s refusal to acknowledge ethnic divisions within the country has only heightened tensions and hindered reconciliation.
Critics argue that Kagame’s regime perpetuates the very divisions it claims to have eradicated after the genocide. Ethnic Tutsis dominate the government, while Hutus, the majority population, are marginalized and excluded from real power. Political opponents face arrest, torture, or worse, as seen in the case of Kizito Mihigo, a prominent singer who dared to speak out against the government’s narrative of unity.
The international community has long turned a blind eye to Kagame’s abuses, lauding his economic successes while ignoring his autocratic tendencies. Western leaders have praised him for his leadership after the genocide, but many now see his grip on power as a threat to Rwanda’s future stability. The recent crisis in neighboring Congo, where Rwanda is accused of supporting rebel groups, has raised concerns about Kagame’s regional ambitions and the potential for conflict.
As Rwanda marks the 30th anniversary of the genocide, it is a moment of reckoning for Kagame and his regime. The international community must hold him accountable for his actions and press for greater respect for human rights and democracy in Rwanda. The legacy of the genocide looms large over the country, and true reconciliation can only be achieved through genuine political reform and a commitment to justice for all Rwandans.
News
Is now the right time to invest in gold as prices have cooled?
The price of gold has climbed to record highs recently and has remained strong through much of April. And, that growth continued until the precious metal traded at around $2,390 per ounce on April 19, 2024. But since, growth in the price of the precious metal has cooled, with gold’s price now hovering around $2,300 per ounce.
This lull in gold’s price may represent an investment opportunity.
In general, investing is centered around buying assets when prices are low and selling them when prices are high – generating a profit on the difference between the two. So, considering the declines in gold’s price over the past few days, now may be the time to make your investment. But is buying gold during this lull in prices really a good idea?
Compare your gold investment options among leading brokers now.
Gold prices have cooled. Should you buy in now?
With gold’s price down from recent highs, you may be wondering if now is the right time to buy in. There are several reasons the dip in gold’s price may represent an opportunity to buy. Here are some of the biggest:
Prices may rise again
If looking at a gold price chart shows anything for certain, it shows that changes in the overall growth of the medal come in fits and spurts. Periods of price growth are typically followed by periods of declines and vice versa.
But with inflation rising in recent months – and with gold’s reputation as a safe-haven asset that can hedge against inflation – it only makes sense that the price of the precious metal will eventually start to head up again in the future. While attempting to time that directional change may be tricky, buying the precious metal while the price is down gives you the opportunity to take advantage of any upward movement that may be ahead.
Add gold to your portfolio now before prices have a chance to rise.
You may be able to make a quick profit
Gold isn’t known as an asset in which you can earn a quick return, but in today’s market, that may be the case. Don’t forget that in January, gold was trading at just $2,000 per ounce. And, by mid-April, the commodity’s price had climbed to around $2,400 per ounce. That’s about 20% growth in a matter of months, much of which happened since March 1 – an impressive climb for any investment asset.
Perhaps more importantly, gold’s price growth through the beginning of 2024 shows that the commodity doesn’t have to be a buy and hold style investment that you keep in a safety deposit box or precious metal depository for years to come. There’s also the possibility that the commodity’s price could climb further ahead, making it a compelling way to potentially generate a quick profit.
There are other benefits of investing in gold
There are other benefits of investing in gold that have little to do with the price growth seen thus far in 2024 – or the lull in prices seen over the past couple of days. Those benefits include:
- Inflation protection: Gold has long been considered an inflation hedge, and for good reason. When inflation drives the prices of consumer goods and services up – and the value of the dollar down – gold’s price tends to rise. So, it could be used to maintain the value of your portfolio during inflationary economic conditions. That’s important in today’s economic environment as stubborn inflation continues to weigh on the value of the dollar.
- Portfolio diversification: Gold’s price doesn’t always move in the same pattern that bonds or stocks do. So, mixing a reasonable amount of gold into your portfolio (up to 10% of your portfolio assets) as a diversifier could protect you from losses should one or more of your traditional portfolio assets fall in value. “If you have less than 5% – 10% of your net worth in commodities & FX (forex), you should absolutely consider adding exposure to gold and other precious metals,” says Vijay Marolia, money manager and managing partner at the wealth management firm, Regal Point Capital.
The bottom line
Gold’s price has fallen from recent highs – which may represent an opportunity to tap into growth ahead. However, gold isn’t simply a “buy while it’s low and sell while it’s a high” kind of investment opportunity. The commodity can also protect your portfolio from the stubborn inflation we’ve seen thus far in 2024 while acting as a diversification tool that could increase your risk-adjusted portfolio returns. So, consider adding gold to your portfolio today while it has the potential to grow in value.
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