News
Torrance mall mandates chaperons after incidents involving youth altercations
Following two violent youth brawls at Del Amo Fashion Center in Torrance last year, the shopping center has announced a new policy requiring adult supervision of minors on Fridays and Saturdays.
Starting at 3 p.m. on those days, minors will not be permitted to enter the mall unless accompanied by a parent or adult over 21, according to a statement from the Simon Property Group. This new policy, set to take effect this Friday, aims to create a more pleasant and family-friendly shopping environment for all guests.
In response to feedback from the community and community leaders, the center is reinforcing its commitment to providing a safe and enjoyable atmosphere for shoppers. Simon stated, “We are committed to providing a pleasant and family friendly shopping environment for all of our guests.”
This policy change comes in the wake of a recent incident where a fight at the mall escalated into disruptive behavior, leading to the temporary closure of the mall and the arrest of five youths. To control the situation, Torrance police enlisted the help of multiple law enforcement agencies, forming a skirmish line, issuing dispersal orders, and escorting the unruly youth away from the premises and surrounding businesses.
Last summer, a similar brawl at the mall attracted a large crowd of spectators, prompting a massive police response. Although reports of a gunshot were made, no serious injuries or arrests occurred. Authorities worked to disperse the onlookers and maintain order in the area.
Signs detailing the new policy have been posted at the mall entrance, according to a report by Fox11. In accordance with the policy, youths and their adult chaperones may be required to show identification, and those without proof of age will be denied entry or asked to leave.
The policy allows one adult to accompany up to four youths, with the adult being responsible for the group’s actions at all times. Underage store employees are permitted to remain during their shifts but must adhere to the youth policy when off-duty.
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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