Friday's Afternoon Update
What you need to know about Florida today.
Thinking of buying gold? Exercise caution, financial planners saySome South Florida financial planners advise caution on buying gold as an investment. It's not just that the commodity has been on a recent roller coast: down 5 percent on Wednesday with gold rebounding 1.5 percent on Thursday and then dropping in price Friday morning. Or that gold is still charting near-record territory of above $1,700 an ounce. Plantation certified financial planner, Matt Saneholtz, said he isn't sold on it being a good long-term investment. Stocks have done better than gold over several decades, he said. [Source: South Florida Sun-Sentinel]
AutoNation reports strong February vehicle sales
AutoNation reported more bright news for one of the brighter spots of the recovering economy.
The Fort Lauderdale-based chain of auto dealerships, including South Florida’s Maroone chain, said its February sales were up 17 percent from the prior year. Luxury sales outpaced the average, up 20 percent. Mercedes alone was up 27 percent, the company said in a release Friday.
[Source: Miami Herald]
First Coast may need to help bolster key industry -- fishing
First Coast anglers see fishing spots disappearing so quickly they say it’s time to create new fishing grounds to bolster an industry that the state says brings half a billion dollars into the local economy every year. Scott Shine, a member of the Jacksonville Waterways Commission, said he is looking into ways to add more access to fishing in North Florida before the economic impact does permanent damage to the recreational fishing industry. [Source: Florida Times-Union]
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