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Unexplained monolith measuring 10 feet appears on Welsh hill, resembling a UFO

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Amidst the ongoing mystery surrounding Catherine, the Princess of Wales, another enigmatic occurrence has taken place in the Welsh countryside. A colossal steel monolith, standing nearly as tall as a semi-truck, has suddenly appeared in Wales, leaving locals and experts scratching their heads in confusion.

According to a report by WalesOnline, the 10-foot-tall object was discovered on a hill in Hay-on-Wye, a renowned area known for its abundance of books and bookshops. Richard Haynes, a local resident who stumbled upon the monolith while out for a run on Hay Bluff, described the sighting as bizarre and unlike anything he had ever seen before.

Haynes initially speculated that the monolith might be a scientific research device designed to collect rainwater. However, upon closer inspection, he realized that it was far too tall and peculiar for such a mundane purpose. The structure was triangular, constructed from stainless steel, and appeared hollow yet surprisingly light.

Another eyewitness, Craig Muir, recounted his own encounter with the monolith, likening it to a UFO due to its distinctive appearance. In a video shared on Facebook, Muir expressed his astonishment at the object’s presence, noting its perfect alignment and stability despite the windy weather conditions.

This unexpected monolith is not an isolated incident, as similar mysterious structures have surfaced in the U.K. and other parts of the world in recent times. In 2020, monoliths mysteriously appeared in Colorado, California, and Utah, sparking widespread speculation and comparisons to the iconic monolith from the film “2001: A Space Odyssey.”

While the origins and purpose of these enigmatic monoliths remain a subject of debate and intrigue, their sudden appearance continues to fascinate and perplex both locals and experts alike. The emergence of the 10-foot-tall monolith in Wales adds another layer of mystery to an already puzzling phenomenon that has captured the imagination of people worldwide.

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As the investigation into the Welsh monolith unfolds, one thing remains certain – the allure of the unknown and the unexplained continues to captivate our collective imagination, inviting us to ponder the mysteries of the universe and the enigmatic forces at play within our own world.

Written by: Li Cohen

Li Cohen is a social media producer and trending content writer for CBS News

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Is now the right time to invest in gold as prices have cooled?

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Now may be the time to buy gold following a recent lull in its price.

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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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