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Torrance Police Issue Warning about Potential Youth ‘Takeover’ at Del Amo Fashion Center
Torrance Police Warn of Planned Youth ‘Takeover’ at Del Amo Fashion Center
Torrance police have issued a warning about a planned youth “takeover” at the Del Amo Fashion Center scheduled for Saturday. In response, authorities are increasing security measures at the mall to prevent any potential disturbances.
Chief Jay Hart of the Torrance Police Department stated in a message posted on social media that they have been made aware of the planned event and will not tolerate any criminal behavior. He emphasized that the department will have zero tolerance for those who engage in unlawful activities that could harm the community.
The specifics of the planned takeover, such as the scope and timing, have not been disclosed by the police. However, Chief Hart mentioned the possibility of road closures around the mall on the day of the event. The department did not provide further details when asked for additional information.
This warning comes in the wake of previous disturbances at the Del Amo Fashion Center, including a large brawl last August that involved around 1,000 juveniles. Following the incident, five youths were arrested for disruptive behavior that led to the early closure of the mall. These events have raised concerns for both law enforcement agencies and retailers nationwide.
In response to these incidents, Simon Property Group, the operator of the Del Amo mall, implemented a chaperon policy requiring anyone under 18 to be accompanied by an adult over 21 after 3 p.m. on Fridays and Saturdays. The adult accompanying the youths must supervise them at all times and take responsibility for their actions.
The issue of unruly behavior by young individuals has also been seen in other communities, such as Long Beach, where a planned “group gathering” escalated into a massive brawl last weekend. Chief Hart referenced this incident in his statement, urging the community to provide alternatives to violence and disorder for young people.
As the scheduled youth takeover at the Del Amo Fashion Center approaches, authorities are taking preemptive measures to ensure the safety and security of the mall and its visitors. By increasing security presence and implementing policies like the chaperon requirement, they aim to prevent any potential disruptions and maintain a peaceful environment for all patrons.
The Torrance Police Department’s proactive approach to addressing the planned takeover demonstrates their commitment to upholding public safety and order in the community. With the support of law enforcement and cooperation from the public, efforts to deter criminal behavior and promote peaceful gatherings can help prevent future incidents like those experienced at the Del Amo mall.
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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Is now the right time to invest in gold as prices have cooled?