News
Two individuals apprehended in relation to Orange County abduction
Orange County sheriff’s investigators are asking for the public’s help to find a 61-year-old man who authorities say was kidnapped by two men outside his home in Midway City last week. Suspects have been arrested but investigators have yet to find the victim.
The kidnapping victim, Tony Lam, had arrived home shortly after midnight on March 15 after spending time at LV Restaurant & Lounge in Westminster and the 171 Sky Restaurant in Garden Grove when he was confronted by a masked man in his driveway, according to the sheriff’s department, which didn’t explain why his visits to the restaurants were crucial to finding him.
The man assaulted Lam, took him to a waiting car and drove off. A woman who was in the area of Hunter Lane and Madison Avenue when the kidnapping occurred called police, authorities said.
Authorities arrested two men — Nhan Nguyen, 49, and Phi Nguyen, 53 — on suspicion of aggravated kidnapping. Nhan Nguyen was taken into custody March 15 and Phi Nguyen was arrested Tuesday, said sheriff’s Sgt. Frank Gonzalez.
Both men have been charged with a felony count of kidnapping for ransom/extortion or to commit robbery or a sex crime. They have not yet entered a plea, court records show.
The two men have not told investigators where they can find Lam. Authorities have not revealed how they identified the two suspects or a possible motive in the case.
Lam is described as being 5 foot 7 inches tall and about 145 pounds with black hair and brown eyes. He was last seen wearing a dark shirt and blue jeans.
Anyone with information is being asked to contact Orange County Sheriff Dispatch at (714) 647-7000. Anonymous tips can be provided through Orange County Crime Stoppers at (855) TIP-OCCS.
The incident has left the community shocked and concerned, as the whereabouts of Tony Lam remain unknown. The quick response from law enforcement in making arrests shows the dedication to solving this case. The public’s assistance in providing additional information is crucial in finding Tony and bringing him home safely.
The arrest of Nhan Nguyen and Phi Nguyen highlights the collaboration between authorities and the community in addressing serious crimes like kidnapping. It also serves as a reminder to remain vigilant and report any suspicious activity to law enforcement promptly.
As the investigation continues, Orange County residents are urged to stay informed and support efforts to locate Tony Lam. The case underscores the importance of a strong partnership between law enforcement and the public in ensuring the safety and security of the community.
Overall, the thorough reporting of this disturbing incident showcases the commitment of news outlets to deliver accurate and timely information to the public. By raising awareness and seeking assistance from the community, the authorities are working tirelessly to bring justice for Tony Lam and his loved ones.
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?