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Young investors falling out of love with newer assets such as cryptocurrency
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Millennial investors falling out of love with crypto and newer assets in favour of stability
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(iStock / illustration by Alison Bushor for The Real Deal)
The lights are still dark at the Diplomat Beach Resort, a sprawling 1,000-room oceanfront hotel in South Florida.
More than a year after the pandemic began, conventions and business travelers the lifeblood of such large properties remain sparse. And cruises, which usually feed hordes of passengers to hotels, are still halted.
While leisure travelers have descended on South Florida over the past six months, pushing hotel rates up and boosting occupancy, the hotel market’s overall recovery still hinges on the return of conventions and cruises, as well as international travelers, experts say.
Gold will soon regain its shine
With the gold price down by 9.5% in the first quarter of 2021, it has been a rotten start to the year for gold.
9 Apr 2021
It has been a rotten start to the year for gold, says Joe Wallace in The Wall Street Journal. The gold price fell by 9.5% in the first quarter. You could have done worse, but you would have needed to buy “Turkey’s lira” or “US government bonds”. Prices peaked at $2,069/oz last August, but have slid ever since. Gold was trading around $1,745/oz this week. A US recovery reduces gold’s appeal as a safe haven, while higher bond yields also lower demand as gold offers no income.
Andy Hardaker from North Yorkshire made several coin orders in February
One of them was delayed for 33 days before he asked for it to be cancelled
But the Mint sent it anyway and by that time the price had fallen
He has been refunded but also complained the packaging clearly showed the contents of one of his orders as bullion and gold despite Mint promises
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