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☆ Meet the doomsayers waiting for the economy to crash
▼ + stars: | 2024-05-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

"The one thing that our economy is going to be guaranteed is a wartime economy," Daniel told Business Insider in an interview. Interest in ultra-bearish takes on the market or the economy is on the up based on raw search data. Google searches for "stock market crash" have jumped 17% over the last quarter, while searches for "economic crash" have surged 15%, according to search analytics firm Glimpse. In both communities, users are sounding the alarm on all sorts of apocalyptic scenarios for the economy, with some predicting a stock market crash, housing market crash, or a total collapse of the US financial system. "Others may not be as lucky and could be constrained by them, and that could color their outlooks for the stock market and the economy."

Persons: —, Daniel, subreddit, Freddie Smith, Smith, aren't, Jonathan Rose, he's, Rose, there's, that's, Richard Sylla Organizations: Service, Genesis Gold, US, Northwestern Mutual, New York University Locations: Washington ,, Reddit, Florida

While not a typical outlet for the sale of precious metals, the members-only warehouse chain has seen its 1-ounce gold bars sell out faster than discounted 170-ounce jugs of laundry detergent. Unlike some other discount finds at the retail giant, gold bars come with hefty price tag. Political Cartoons View All 1199 ImagesCostco did not specify how many gold bars have been sold recently, or how often it restocks them. Chances are, interest around Costco's gold bars isn't going away anytime soon. For other precious metals, silver for December delivery fell 23 cents to $21.15 an ounce and December copper fell 3 cents to $3.59 a pound.

Persons: Richard Galanti, —, there's, Jonathan Rose, ”, David Wagner III, Rose, Wagner Organizations: Costco, Associated Press, Genesis Gold, U.S ., Aptus Capital Advisors, Commodity Futures Trade Commission, Gold Locations: Issaquah , Washington

☆ Costco is selling gold bars and they are selling out within a few hours
▼ + stars: | 2023-09-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Costco is well-known as a place to get bargain prices on any variety of items, from food to luggage to appliances to gold bars. Wait, gold bars? "I've gotten a couple of calls that people have seen online that we've been selling one ounce gold bars," he said. Zoom In Icon Arrows pointing outwards Costco selling 1 ounze gold bars. Stock Chart Icon Stock chart icon Gold futures, last 5 years

Persons: Richard Galanti, Galanti, I've, it's, Jonathan Rose, Rose Organizations: Costco, Suisse, Genesis Gold, U.S .

☆ Sen. Bob Menendez allegedly had a stash of gold bars. That’s become a trend
▼ + stars: | 2023-09-22 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

New York CNN —Sen. Bob Menendez, allegedly accepted gold bar bribes, prosecutors allege, according to a newly unsealed federal indictment. The value of a kilogram of gold hit a one-year-record high of nearly $66,000 in May, according to data Goldprice.org. If you can invest in gold, why do people want to physically own it? That’s because if, for instance, you invest in a gold ETF, “it’s still tied to the market,” he said. Other people who prefer to keep gold under their own roof store it in a gun safe or floor safe, he added.

Persons: New York CNN — Sen, Bob Menendez, It’s, Menendez didn’t, Jonathan Rose, ” Rose, Rose, Fitch, ”, it’s Organizations: New, New York CNN, Genesis Gold, Western Alliance, CNN, World Gold Council, IRS Locations: New York, “, Beverly Hills , California

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