🏅 Why gold's still worth buying

Doing Apple's dirty work | Cheap beer inside | [Finimize]( Hi {NAME}, here's what you need to know for August 13th in 2:59 minutes. 🤓 Data is an invaluable tool for an investor, but only when you know what to concentrate on. That’s what our [Strategies To Supercharge Your Investments]( event with Vantage FX is all about: helping you sort the data wheat from the data chaff. [Get your free ticket]( Today's big stories - Apple supplier Foxconn posted better-than-expected earnings but warned of slowing sales - Gold’s been seriously struggling lately, but there are plenty of reasons to invest in the shiny metal – [Read Now]( - The UK economy grew a solid 4.8% in the second quarter For Foxconn’s Sake [For Foxconn’s Sake] What’s Going On Here? Taiwanese electronics giant Foxconn released a pleasantly surprising set of quarterly results on Thursday, while simultaneously flagging a less sunny forecast for future sales. What Does This Mean? Foxconn – the world’s largest manufacturer of electronic equipment for other companies, including iPhones for Apple – saw its earnings grow [30%]( last quarter compared to the same time last year. Strong demand for smartphones and other consumer gadgets helped profit surge past both the company’s and its investors’ expectations, setting a new second-quarter record. But Foxconn warned that rapidly rising coronavirus cases in Asia – where most of the firm’s factories are located – are likely to lead to supply chain disruptions. Add in the impact of the ongoing global [chip shortage](, and the company reckons that revenue from consumer electronics manufacturing will come in slightly lower this quarter than it did the last. Why Should I Care? The bigger picture: If you can’t buy ‘em, make ‘em. The semiconductor shortage is pushing Foxconn to invest in its own microchip production capability, which the company plans to use to supply its fledgling electric vehicle-building business ([tweet this](). Foxconn has invested in several Asian chipmakers in recent months, as well as [buying]( a factory from fellow Taiwanese firm Macronix – and the company says its own-brand semiconductor business should generate $2 billion in annual sales by 2025. Zooming out: Baidu? Google it. Foxconn wasn’t the only Asian heavyweight reporting results on Thursday. Chinese internet search giant Baidu saw its second-quarter revenue climb [20%]( from a year earlier – but the company still made a loss after marking down the value of its investment in Kuaishou. Shares of the video-sharing platform sank 28% last quarter after China’s crackdown on its internet industry expanded beyond ecommerce and anticompetitive practices to cover data security and streaming content. You might also like: [Why Chinese stocks like Baidu look vulnerable.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=For Foxconn’s Sake&utm_campaign=daily-global-13-08-2021&utm_source=email) 2. Analyst Take Gold Still Merits A Meddle What’s Going On Here? Gold isn’t having a great year: its price underwent a “[flash crash](” on Monday, dramatically tumbling in the space of a few minutes. But while the near-term outlook looks dim, [you shouldn’t give up]( on investing in the shiny yellow metal. There’s more to gold than its recent price swings – and there’s evidence that making it a key long-term investment can [help your portfolio perform better](. So that’s today’s Insight: how to look past gold’s short-term weakness, what benefits it could bring to your portfolio, and why [you should probably own some]( if you don’t already. [Read or listen to the Insight here]( 🤝 Work with us If your business shares our goal of changing the world of finance for the better, there’s no better place to showcase your mojo than this [spot in our daily newsletter](. You’ll get your message out to more than [one million engaged investors](, and speak directly to the very people who can help [take your business to the next level](. Interested? [Just drop us a line](. [Work With Us]( UK OK [UK OK] What’s Going On Here? The British economy grew [4.8%]( in the second quarter, according to official data out Thursday – but while the country did better than its neighbors, one national institution was not amused. What Does This Mean? Britain’s economy ended June 1% bigger than it was at the beginning of the month. That growth was greater than expected, thanks to consumers splashing the cash as many pandemic-related restrictions came to an end. Overall, the UK economy expanded 4.8% in the second quarter of 2021 compared to the first – in line with expectations, but slightly below the 5% the Bank of England had hoped for. Still, stiff upper lip. The country’s economy is now just 2.2% smaller than in February 2020, shortly before lockdowns kicked in, and it’s [expected]( to close that gap by the end of the year. Assuming nothing derails the recovery, that is: Britain, like much of the world, continues to contend with supply chain issues, staff shortages, and ever more coronavirus cases. Why Should I Care? For markets: Hammer and tongs. The UK’s second-quarter growth rate still smashed past other large European economies like France, Germany, and Spain. A stronger economy typically translates to a stronger currency – which may help explain why the British pound is currently hovering at its highest level relative to the euro in 18 months. Then again, the UK’s central bank is also [laying]( the foundations for a gradual return to higher interest rates. The prospect of higher returns similarly makes the country’s currency more attractive to international investors. Zooming out: Britannia rules the booze cruise. Dufry, Europe’s largest duty-free retailer, has seen some sales of liquor and tobacco double in recent days. British holidaymakers finally able to fly overseas for some late summer sun have been stocking up on alcohol and cigarettes: the UK’s exit from the European Union means they can now bring greater quantities back in without paying taxes. You might also like: [The British stocks benefiting from an economic rebound.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=UK OK&utm_campaign=daily-global-13-08-2021&utm_source=email) 💬 Quote of the day “You must expect great things of yourself before you can do them.” – Michael Jordan (an American former professional basketball player and businessman) [Tweet this]( Sponsored by Morty Save money on your mortgage Interest rates are historically low right now, and you might be wise to take advantage. Seriously. A low rate could [save you tens of thousands]( over the life of your home loan. [Morty]( makes it quick and easy to secure one – we’re talking [pre-approval in five minutes]( and closing in as little as three weeks. That’s half the industry average. Plus, with Morty, what you see is what you get: [instant, accurate loan prices]( without teaser rates or unexpected fees. That means once you get pre-approved, you’ll know exactly how much you can afford. Get a jump on the home loan process: [schedule your free consultation today](. 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