Your adjudicated newspaper for Riverside County
desert
STAR W E E K L Y
PRESORTED STANDARD US POSTAGE PAID Desert Hot Springs, CA
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PERMIT NO 00005
Friday, November 24, 2017 Vol. 10 No. 96
Props and Hops Sean Doyle, Natalie Amorso Jessica Olvera and Brett Anderson - LaQuinta Brewery. Photo by Pat Krause. Story and Photos by Pat Krause The 6th Annual Props and Hops Craft Beer Fest was at the Museum on Saturday, November 18th. People were able to enjoy a variety of beers and take flights on airplanes. Guests were given a small mug and coupons
so they could taste the many varieties of beers and ciders. Beers included strong, mild, Mexican and beers made with apples, oranges and other tastes from 20 different breweries. The line for the Orange and Apple ciders was long and other guests
wanted to try all the different beers from vendors that came from all over CA to show their specialties. This was a chance to try a special beer that they could like enough to purchase in the future. A few local breweries from La Quinta and Thousand
Palms gave people a taste of their beers and told them to go see the brewery locally. The beer was not the only part of the day. There was food to be eaten, Bottle openers and specially designed coasters, sunglasses and more for sale. People got to
look at all the airplanes and could take a photo by their favorite plane. Some veterans had actually flown some of these planes in wartime. One of the highlights was the ability to purchase a Continues on Page 2
Money ‘tsunami’ may spur quadrupling of gold prices to over $5,000 By Desert Star Staff A prolonged period of cheap money and the shift of investor focus to gold as a haven from geopolitical and financial risk could boost the price of the precious metal to over $5,000 an ounce in five years, McEwen Mining CEO Rob McEwen says. If that happens, “there is going to be a tsunami of money looking for a place to go,” he told Bloomberg at a mining industry conference in San Francisco. One of the industry’s biggest bulls, McEwen is known for his passion for gold. He was one of the top hundred wealthiest Canadians as of 2016, with an estimated personal net
worth of over $800 million. According to him, lowerfor-longer interest rates have fueled bubbles in the stock, real estate, and even art markets as investors seek out higher returns. While conventional wisdom is that a return to higher rates would make interest-bearing assets more attractive, gold should become more appealing as markets re-calibrate, said the businessman. The price of gold is currently hovering around $1,280 an ounce. Some analysts have been bearish about the precious metal, claiming it has been unable to hold safe-haven gains, as prices are well below key levels seen during events
like the Brexit vote and the US presidential election. Others say geopolitical tensions and uncertainty
around the world will keep a bid under gold prices. In a recent report, analysts at Citigroup said they are bullish
on gold as they see safehaven demand pushing Continues on Page 3