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HTX at Istanbul Blockchain Week 2024: Leading a New Wave of Trading

HTX

HTX, ranking among the top 3 cryptocurrency exchanges globally, participated as a sponsor and partner in the Istanbul Blockchain Week (IBW) 2024 on August 13-14. By tapping into Turkey’s crypto-friendly environment, HTX aims to build connections with various projects, technical teams, and the broader crypto community, seeking collaborative opportunities to drive innovation and applications of cryptocurrency technology. During the event, Serdar Serdengecti, Listing Director of HTX, was invited to participate in a roundtable discussion on the theme "Ushering in the New Wave of Trading". In his role, Serdar Serdengecti focuses on forging strategic partnerships and expanding HTX's listing portfolio with high-potential blockchain projects. With a proven track record in identifying and onboarding top-tier projects, he is dedicated to delivering exceptional user experiences and contributing to HTX's vision of a secure and inclusive Web3 economy. He noted that the "New Wave of Trading" represents a significant evolution in how people engage with cryptocurrencies. At present, HTX is playing an active role in shaping this new wave through the following initiatives: 1. Prioritizing User Experience. The exchange focuses on developing user-friendly interfaces and providing educational resources to empower all traders. 2. Embracing Innovation. HTX is integrating DeFi protocols and offering innovative products like staking and margin trading. 3. Fostering Security. The platform employs rigorous security measures and cold storage solutions to ensure all users' assets are well protected. 4. Supporting Crypto Listings. HTX’s listing process is designed to feature only high-quality projects on the platform. Serdar Serdengecti believes that several emerging trends and technological innovations are poised to shape the landscape of cryptocurrency trading, including mainstream adoption and institutional investment, advanced trading algorithms and AI, cross-chain and interoperability solutions, social trading projects like TON and Solana Blink, central bank digital currencies (CBDCs) and stablecoins, and continued regulatory clarity. HackaTRON Season 7, co-hosted by HTX DAO, TRON DAO, BTTC, and JustLend DAO, garnered significant attention at the conference, with many attendees showing interest at the HTX booth. With the submission deadline set for October 22, participants will have the opportunity to engage with leading global crypto ventures like HTX Ventures and TRON DAO Ventures throughout the season. They will also have the opportunity to connect with a diverse group of industry participants, share resources, and explore collaborative opportunities to contribute to the growth of the industry. The IBW, held at the Hilton Bomonti Hotel in Istanbul on August 13-14, attracted over 7,500 blockchain enthusiasts, industry leaders, and innovators from around the globe, along with more than 300 international and Turkish speakers. The event centered on discussions of major Web3 topics, including AI, RWA, DeFi, regulation, and GameFi. HTX highlighted Turkey's growing importance in the crypto space, noting the country’s rapidly expanding digital asset market and talent pool, as well as its significant economic and geostrategic role as a bridge connecting the Eurasian continent. As HTX celebrates its 11th anniversary, the exchange remains committed to driving the development and adoption of cryptocurrencies around the world. Through this appearance at IBW, HTX looks to expand its reach in the Middle East and European markets, aiming to attract a wider user base and partners to further its globalization strategy and explore the new wave of trading. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details EE glo-media@htx-inc.com Company Website https://www.htx.com/

August 15, 2024 11:12 AM Eastern Daylight Time

HansleyJoseph.ca Launches with a Focus on Gaming Expertise and Community Empowerment

Rev Up Marketers

HansleyJoseph.ca is now live, offering a dedicated platform for fans of street gang and Mafia-style games. Catering to gamers who thrive on the intricate and gritty worlds of crime and strategy, HansleyJoseph.ca is poised to become a leading resource for players seeking in-depth tutorials, expert advice, and a community of fellow enthusiasts. Street gang and Mafia-themed games have long been popular among gamers who enjoy exploring the dark and complex narratives that these genres offer. Titles like "Mafia 3," "Saints Row," GTA V and "The Godfather" have captivated players with their detailed storylines, immersive environments, and strategic gameplay. HansleyJoseph site taps into this passion by providing comprehensive guides, walkthroughs, and tips that help players master every aspect of these games. Whether players are searching for strategies related to Hansley Joseph street gang games or the best ways to navigate through gang de rue scenarios, this site offers all the necessary resources. Whether it’s learning the best strategies for building a criminal empire, understanding the intricate relationships between gang factions, or perfecting combat and stealth techniques, HansleyJoseph.ca covers it all. The site’s content is meticulously curated to ensure that gamers of all levels—from novices to seasoned veterans—can find the information they need to enhance their gameplay. In addition to game-specific tutorials, also have features articles and insights on broader topics related to the street gang and Mafia gaming genres. Players can explore content that delves into the cultural and historical contexts of these games, the evolution of gang-themed narratives in gaming, and the unique challenges and rewards that these genres offer. The Hansley Joseph platform is more than just a guide—it's a community hub where gamers can connect, share experiences, and discuss strategies. The website encourages interaction among its users, fostering a sense of camaraderie and shared passion for the street gang and Mafia game genres. Regularly updated with the latest content, the site ensures that players stay informed about new releases, updates, and trends in the gaming world. With its focus on high-quality content and user engagement, HansleyJoseph.ca is set to become a cornerstone for gamers interested in street gang and Mafia-themed titles. The site’s launch marks an exciting new chapter for fans of these genres, offering them a go-to resource that’s as dynamic and immersive as the games they love. For more information and to explore the world of street gang and Mafia games, visit HansleyJoseph.ca. About Company HansleyJoseph.ca is a specialized platform focused on street gang and Mafia-style games. The website offers a wide range of resources, including expert tutorials, game guides, and strategic insights tailored to fans of this genre. With a mission to build a community of like-minded gamers, HansleyJoseph blog provides detailed content that helps players master the complexities of street gang and "gang de rue" games. The site is regularly updated to keep users informed about the latest trends and developments in the gaming world. Contact Details Hansleyjoseph Canada Hansley Joseph +1 514-487-3263 info@hansleyjoseph.ca Company Website https://www.hansleyjoseph.ca/

August 15, 2024 11:08 AM Eastern Daylight Time

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Apple Rush Company, Inc. Announces Addition of Packing Equipment to Lena Brewery Equipment will expand capacity at Lena to our announced 500,000 can/month projection

Apple Rush Company, Inc.

- Apple Rush Company, Inc. (OTCpink:APRU), a leading player in the functional beverage industry, announces delivery of equipment for major expansion of brewing operations. Lena Brewing has received its case shrink pack tunnel and inline carbonation system required to push production limits to our stated projections. With the addition of approximately 5000 sf of space, a semi dock, and this new equipment, Lena is well on its way to meeting its production goals. CEO of APRU, Tony Torgerud, states, “I have never felt better of our opportunities in the functional beverage sector. We will be able to deliver on our stated goals for revenues in 2025 and be able to officially relaunch Apple Rush, officially launch Hard Rush, and leverage our Element Brands portfolio with a complete line of botanical beverages. We will be announcing some new R&D projects and some additional financing arrangements that we have been working on for the past few months.” Ross Vehmeier, President of Lena Brewing, said, “It has taken us a while to get to this point, but we are excited about the direction we are going. I believe we are going to surpass all of our expectation over the coming years with our state of the art facility.” Tony continued, “We have been working with additional partners to make this happen and our plans are to grow as fast as the market will allow. We appreciate all of our stakeholders and can’t wait to release additional information on our progress.” About The Apple Rush Company, Inc. The Apple Rush Company, Inc., through its subsidiary APRU, LLC, is a distributor of CPG products under the trademarked Apple Rush brand, Element brand and other labels. The Apple Rush brand has more than 50 years of existence in the natural beverage industry. As a historical leader in the organic and natural beverage sector our goal is to now become a leader in the distribution of anhydrous hemp oil products nationwide. For more information, please go to www.aprubrands.com, www.element-brands.com, elementk.kratomwave.store www.alkhemicalroots.com with our expanded product portfolio. Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise. For media inquiries, please contact: Investor Relations Contact: Tony Torgerud; 888-741-3777 x 2 www.aprubrands.com Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise. Contact Details Tony Torgerud +1 888-741-3777 dtorgerud@aprullc.com Company Website http://www.aprubrands.com

August 15, 2024 09:30 AM Eastern Daylight Time

USA Financial Partners with AmeriLife to Enhance Opportunities for Independent Financial Professionals

AmeriLife

AmeriLife Group, LLC (“AmeriLife”), a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, announced today that it has partnered with USA Financial, a national wealth management firm with three registered investment advisers (RIAs), a registered broker-dealer, and a national field marketing organization (FMO) that supports its independent financial professionals and their investors. Per the agreement, terms of the deal were not disclosed. “We couldn’t be more thrilled to partner with AmeriLife as we head into the next era of USA Financial,” said Mike Walters, Chief Executive Officer of USA Financial. “We look forward to the new doors that this partnership will open to enhance the opportunities we can bring to the table for the financial professionals and investors we serve.” Founded in 1988 on the philosophy “plan first, invest second,” USA Financial has grown to include five distinct, subsidiary companies – USA Financial Exchange; USA Financial Formulas, USA Financial Securities, USA Financial Insurance Services, and USA Financial Advisor Advancement. Together, they deliver a comprehensive suite of products and solutions that are designed to help independent financial professionals grow their businesses, make their practices more predictable, and deliver more for their clients. A five-time Inc. 5000 honoree that has been led by the same ownership team for more than three decades, USA Financial’s longevity and success stands as a testament to its carefully crafted approach to wealth management, financial planning, integrated technology, and operational excellence. Now, as it partners with AmeriLife Wealth Group, it will have expanded access to top-flight insights, tools, and resources to further empower its affiliated financial professionals and help them take their businesses to new heights. “Bringing on an insurance-first, registered broker-dealer like USA Financial and its diversity of offerings opens up endless opportunities for our platform,” said Mike Vietri, Chief Distribution Officer of AmeriLife Wealth Group. “I look forward to working with Mike and his incredible team to further our ambitions to be the holistic, ‘integrator of choice’ for the modern financial professional.” Houlihan Lokey acted as the exclusive financial advisor to USA Financial in connection with the transaction. ### About USA Financial USA Financial is a comprehensive financial services institution, focused on providing advisors with the tools required to make solid recommendations and to empower clients to make educated and informed financial decisions. To learn more about USA Financial, please visit USAFinancial.com. About AmeriLife AmeriLife’s strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. In doing so, AmeriLife has become recognized as a leader in developing, marketing, and distributing life and health insurance, annuities and retirement planning solutions to enhance the lives of pre-retirees and retirees across the United States. For more than 50 years, AmeriLife has partnered with top insurance carriers to provide value and quality to customers served through a distribution network of over 300,000 insurance agents and advisors and 120 marketing organizations and insurance agency locations nationwide. For more information, visit AmeriLife.com, and follow AmeriLife on Facebook and LinkedIn. Contact Details Media Jeff Maldonado media@amerilife.com Partnership Inquiries Patrick Nichols corporatedevelopment@amerilife.com Company Website https://amerilife.com/

August 15, 2024 09:00 AM Eastern Daylight Time

Benchmark International Unveils the 2024 Global Roofing Industry Report

Benchmark International

Benchmark International, the leading middle market mergers and acquisitions firm, has unveiled its 2024 Global Roofing Industry Report. The comprehensive report offers an in-depth analysis of the current trends, challenges, and opportunities within the global roofing industry, providing crucial insights for business owners, investors, and industry professionals. With the roofing industry undergoing significant transformation due to advancements in materials, environmental regulations, and the growing demand for sustainable solutions, Benchmark International's report serves as an essential resource for stakeholders looking to navigate this dynamic landscape. The report highlights key growth drivers, emerging market opportunities, and the impact of economic conditions on the industry. Key insights from the 2024 Global Roofing Industry Report include: Market Growth: The report forecasts steady growth in the global roofing market, driven by increasing construction activities, urbanization, and the rise in green building practices. Sustainability Trends: There is a growing emphasis on eco-friendly and energy-efficient roofing solutions, with sustainable materials and practices gaining traction across various regions. Technological Advancements: Innovations in roofing materials, including the adoption of smart roofing systems and the integration of renewable energy solutions, are set to reshape the industry. Regulatory Impact: Stringent environmental regulations and building codes are influencing roofing practices worldwide, necessitating greater compliance and adaptation by industry players. M&A Activity: The report notes a surge in mergers and acquisitions within the roofing sector as companies seek to expand their market presence, diversify their offerings, and leverage synergies. The report is available on Benchmark International's website and is part of the firm's ongoing commitment to providing industry-leading insights and guidance to its clients. For more information and to access the full 2024 Global Roofing Industry Report, please visit: https://www.benchmarkintl.com/insights/2024-global-roofing-industry-report/ ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv's Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/

August 15, 2024 09:00 AM Eastern Daylight Time

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News Direct Emphasizes the Data Security Advantages of Its Digital News Distribution Platform

News Direct

Contact Details News Direct Corp. Media at News Direct martha.pearlstone@newsdirect.com Company Website http://www.newsdirect.com

August 15, 2024 09:00 AM Eastern Daylight Time

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Forum Health, Top Healthcare Network, Earns Inc. 5000 Honors Again, Boasting 286% Revenue Growth

Forum Health

Forum Health, LLC, a premier nationwide provider of personalized integrative healthcare, is thrilled to announce its recognition on the Inc. 5000 list of America’s Fastest Growing Companies for the second consecutive year. Securing a ranking of #1829 overall and #137 within the healthcare sector, Forum Health’s growth is driven by surging consumer demand for innovative solutions, pioneering medical treatments, and the acquisition of top-tier industry talent. Explore Forum Health's medical specialties and services here. From medical weight loss and hormone therapy to managing chronic illnesses, sexual dysfunction, digestive disorders, and mental wellbeing, Forum Health offers highly effective, individualized medicine to meet the evolving needs of those seeking holistic care. Phil Hagerman, Forum Health CEO: “Consumers are demanding more from healthcare. They want to optimize their health with a personal approach that uncovers the root causes of their symptoms so they can lead longer, healthier lives. Our repeat recognition on the Inc. 5000 list signifies our success in this endeavor. We’re committed to redefining healthcare through personalized medicine, advanced technologies, and anti-aging strategies to enhance vitality and overall well-being.” Forum Health achieved a remarkable 286% revenue growth from 2020 to 2023, expanding to 37 clinics across 13 states in all major regions of the U.S. with over 500 dedicated employees. This significant growth highlights the company’s successful acquisition strategy and commitment to providing exceptional healthcare services. Adam Puttkammer, Forum Health President: “Earning a spot again on the Inc. 5000 list reflects the trust consumers have in our approach to healthcare and our ability to attract and retain top healthcare talent. This not only drives innovation and improves patient outcomes, but also solidifies our position as a leader in integrative and functional medicine.” About Forum Health, LLC Forum Health, LLC is a nationwide provider of personalized healthcare steeped in the principles of functional and integrative medicine. Our providers take a root-cause approach to care exploring lifestyle, environment, and genetics with advanced treatments and cutting-edge technology, care plans informed by data analytics and collaborative relationships to help patients achieve their health goals. The company has three major divisions: Forum Health, LLC, which represents our medical practices, Power2Practice, our EMR, data and technology-focused division and Inwell Biosciences LLC, our professional-grade dietary supplements. Learn more at www.forumhealth.com. About Inc. 5000 Inc. Business Media is the leading multimedia brand for entrepreneurs to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters creating our future. Its proprietary Inc. 5000 list analyzes company data to rank the fastest-growing privately held businesses in the U.S. Visit www.inc.com. Contact Details Heather Spangler hspangler@forumhealth.com Company Website https://forumhealth.com

August 15, 2024 08:50 AM Eastern Daylight Time

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Pilotless Planes Are Coming, But Not Just Yet, Says New Horizon Aircraft CEO

Benzinga

By James Blacker, Benzinga Autonomous vehicles have captured the imagination of consumers in recent years. With billions of dollars invested into making driverless cars a reality, companies like Tesla (NASDAQ: TSLA) have taken the lead in pushing this technology forward. What many don’t know, however, is that the aviation industry is also on the brink of an autonomous revolution, with the market for autonomous aircraft projected to be worth some $22.71 billion by 2030. One company using its aviation expertise to take on this challenge is Horizon Aircraft (NASDAQ: HOVR). The company, led by CEO Brandon Robinson, is seeking to shake up the future of air travel with its groundbreaking hybrid electric vertical takeoff and landing (eVTOL) aircraft, the Cavorite X7. In a recent interview with Benzinga, Robinson, a former CF-18 fighter pilot, spoke about the use of autonomous technology in aviation, whether there will still be a role for human pilots and the company’s strategy for leading this transformation. Autonomous Flight Tech And The Need For Pilots As Robinson points out, commercial aircraft are already somewhat autonomous, with most commercial airliners able to fly and land autonomously. Despite this, most commercial aircraft still require not one but two pilots present in the cockpit. "The air environment is very complicated and unforgiving. There are many unforeseen circumstances that often arrive, and it has been historically important to have a human in control of the aircraft in order to properly analyze the myriad of possibilities and choose an action that prioritizes safety," he explained. However, while we might not be getting rid of pilots just yet, the industry could be on a path to pilotless flight within a decade. Robinson notes that “many commercial aircraft are largely completely autonomous now, with several able to fly the majority of the route, land and stop on the runway without any human pilot intervention. It is logical to assume that eventually, the system may evolve to have human pilots trained only in a remote monitoring role." Horizon Aircraft’s Medium-Term Outlook While the technology for fully autonomous flight is still developing, Horizon Aircraft is focusing on piloted aircraft for the foreseeable future, recognizing that customer comfort and trust are paramount. However, the company is already preparing for a future where autonomous air travel could become the norm. Its current eVTOL prototype, the Cavorite X7, is equipped with advanced sensors and fly-by-wire systems that set the stage for a potentially smooth transition to autonomy when the time is right. Long-Term Future: Autonomous Air Taxis In the long term, Robinson sees an exciting future for autonomous flight where pilotless air taxis are as routine as taking an Uber (NYSE: UBER). Aside from the futuristic aesthetic, the potential benefits of urban air travel are massive – by taking advantage of the “third dimension” of the sky, air taxis can bypass ground traffic, stack at different altitudes and reduce congestion. This ability to keep aircraft separated improves safety and efficiency when compared to driving on roads. Cavorite X7 Latest Developments Horizon Aircraft’s Cavorite X7 is an eVTOL, which means it can take off and land vertically – just like a helicopter. The company reports that what makes this eVTOL unique is its ability to reconfigure its wings en route to fly like a traditional aircraft, using Horizon’s patented HOVR Wing technology. This wing reconfiguration allows it to fly twice as fast as a helicopter and more efficiently. It also uses a hybrid-electric main power system, which allows it to recharge its battery array in flight and after landing. The Cavorite X7 has already proven to perform well in hover and in slow forward flight. The company’s current flight-testing program is focused on flying at higher speeds and reaching “transition speed,” at which point the wings can reconfigure. Earlier this year, Horizon announced a number of promising technical updates on the development of its prototype, including the validation of its patent-pending yaw control system, as well as the start of production and testing of its full-scale core vertical lifting fan technology. With progress on the technology gaining momentum, Robinson is confident that Horizon can soon make its vision a reality. “For the past few years there have been many groups questioning the reports calling for explosive growth across the industry. We’re now seeing technology and advanced air mobility companies mature to the point that this optimism can be justified,” said the CEO. Watch the complete interview with Benzinga here: https://www.youtube.com/live/rnLgQdMaAPM?t=10351s Read more about New Horizon Aircraft: On The Horizon: How One Company Plans To Use Its Innovative Aircraft Design To Revolutionize Regional Air Travel New Horizon Aircraft (NASDAQ: HOVR) Announces Key Technical Updates On Development Of eVTOL Prototype From Stage To Stage: How New Horizon Aircraft's eVTOLs Could Simplify Tour Logistics For Taylor Swift Sustainably Featured photo by Kim Hunter from Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 15, 2024 08:45 AM Eastern Daylight Time

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Global Markets Plunge: Why Gold Shines Amid Recession Fears

Priority Gold

By James Blacker, Benzinga Early August saw a global market sell-off with significant declines in major indices and asset classes. In the first five days of the month, the QQQs, which tracks the tech-heavy Nasdaq-100, fell nearly 15% from $27.96 to a low of $23.90 on August 5. During the same period, Japan’s Nikkei index was down around 20%, including its largest one-day drop since 1987. Cryptocurrencies were also not spared, with Bitcoin dropping below $50,000 to its lowest level in six months and down over 24% since the start of August. Amid the widespread market turmoil, gold has proven to be relatively stable, living up to its reputation of resilience in economic downturns and as a hedge against market volatility. Factors Driving The Market Downturn The market turmoil can be attributed to several key events. In a July 31 meeting, the Fed decided to maintain its benchmark interest rate within the 5.25%-5.50% range. While this move was anticipated by the market, it has added pressure on companies already grappling with economic uncertainties. Many analysts now expect a 50 basis point cut to come in the Fed’s September meeting, but not before. Market sentiment was further upended by the July jobs report, which showed that just 114,000 jobs were added in July, far fewer than the expected 179,000. Unemployment is also at 4.3%, its highest since October 2021. Furthermore, the July earnings season has been a tough one for some of the biggest names in tech. The latest round of earnings reports, which has been seen as a test of the bullish AI narrative, saw disappointing second-quarter results for giants such as Amazon (NASDAQ: AMZN), Intel (NASDAQ: INTC), Alphabet (NASDAQ: GOOG), and Microsoft (NASDAQ: MSFT). Nvidia (NASDAQ: NVDA), which has seen its shares rise more than eightfold between the start of 2023 and mid-June, is scheduled to report its results at the end of August. The Yen Carry Trade The Bank of Japan's (BOJ) decision on 31 July to raise interest rates by 25 basis points is another factor contributing to the market sell-off, as this rate hike has caused the widespread unwinding of the yen “carry trade.” A carry trade is essentially when investors borrow money in low-interest-rate currencies, like the yen, to invest in higher-yielding assets. Interest rates in Japan have been held at or near zero in recent years, making the yen carry trade extremely popular. The BOJ’s rate hike in July pushed up the value of the yen, eating into any potential profit from the carry trade and forcing investors to unwind these positions. Gold’s Immunity To Market Contagion The recent market disruptions and fears of a recession have rippled through multiple asset classes. U.S. and global stocks, Bitcoin and cryptocurrencies in general have been deeply affected by the contagion of market fear. This chain reaction across different markets highlights the interconnected nature of the global economy, where a crisis in one region can quickly lead to a broader downturn. Gold prices, however, have been largely immune to the financial contagion, having remained relatively stable throughout this period of volatility. The precious metal saw a slight dip in the first few days of August but remains around the $2,400 mark and close to its all-time highs. As such, gold’s unflinching stability continues to underscore its status as a wealth-haven asset and a store of value. Gold has historically performed well during a recession. As an example, even as the stock market collapsed in 2008, gold demand spiked, with the price of gold more than doubling over 2007-2011. Similarly, the price of gold reached all-time highs during the Covid-19 pandemic. As a wealth-haven investment, gold prices also hit new highs in December 2023 and in 2024, driven by geopolitical turmoil, among other factors. As the global economy continues to face uncertainty, geopolitical conflict and market turbulence, gold’s resilience makes it an increasingly attractive option for investors seeking stability. Unlike stocks, cryptocurrencies or other volatile assets, gold has been proven to maintain its value over long periods of time – even in periods of economic uncertainty – and provides a layer of security that is hard to find in other assets. Buying gold requires a trusted precious metals dealer with a proven track record, such as Priority Gold, which can help novice and experienced buyers in gold through its expertise, resources and guidance. Visit Priority Gold’s website to learn more about how physical gold can enhance your portfolio and fortify your financial future. Featured photo by Zlaťáky.cz on Pexels Priority Gold is known as "America's Precious Metals Dealer" and is one of the leading precious metals retailers in the United States. Headquartered in Dallas, Texas, the company focuses on helping customers diversify their savings and retirement holdings with precious metals. They are also proud partners of the World Champion Texas Rangers major league baseball team! Since its inception in 2015, Priority Gold has played a pivotal role in facilitating IRA rollovers into gold and silver, collaborating with Preferred Trust Company to provide custody services. The company has earned top accolades such as an A+ rating from BBB, AAA rating from Business Consumer Alliances, and a 5-star rating on Trustlink. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Alex Lin alex.l@prioritygold.com Company Website https://prioritygold.com/

August 15, 2024 08:30 AM Eastern Daylight Time

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