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☆ Commodity ETFs are sliding in the third quarter. Why that could be positive for patient investors
▼ + stars: | 2024-08-24 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

More than halfway through the third quarter, many of the biggest commodity ETFs in the United States are in sizable holes. Kathy Kriskey, senior commodities ETF strategist at Invesco, said that oil supply is actually tight at the moment. The commodities slump could be partially due to mechanical factors in the market, such as low trading volumes combined with large commodity trading advisors betting against the sector, Kriskey said. "The price of corn has taken almost three full years from those 2022 spike highs to get back down. And oil, one of the biggest weights in commodity indexes, could see stepped up supply in coming months.

Persons: It's, Ryan Grabinski, Strategas, Kathy Kriskey, Kriskey, Sal Gilbertie, We're, Gilbertie, What's, Jerome Powell, Goldman Sachs, Morgan Stanley, Matijn, — CNBC's Michael Bloom Organizations: Strategy, United States Oil Fund, U.S ., Commodities, 4Q, DB Base Metals Fund Locations: United States, Ukraine, U.S, China

☆ Gold bars just hit the $1 million mark, but that doesn't mean your Costco gold bars make you a millionaire
▼ + stars: | 2024-08-24 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +2 min

But if you're among the group of Costco shoppers who bought gold bars from the retailer in recent months, don't celebrate your newfound fortune too soon. This story is available exclusively to Business Insider subscribers. AdvertisementThe gold bars sold at Costco, however, are much smaller than the standard size, typically ranging in size from 20-500 grams. The Costco gold bars are smaller, yes, but they are also more affordable for buyers looking to spend less than $10,000 on metal instead of $1 million. Despite the skyrocketing price of gold, a Bank of America investment strategist told Markets Insider that investors should keep buying gold.

Persons: — Organizations: Service, Business, Costco, Bank of America

☆ US unveils major tranche of sanctions targeting Russia
▼ + stars: | 2024-08-23 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +2 min

CNN —The United States on Friday unveiled a massive tranche of sanctions in the latest effort to target Russia’s war machine as the war with Ukraine continues. The sanctions from the US Treasury and State Departments hit nearly 400 people and entities both in and outside Russia, including China, Switzerland, Turkey and the United Arab Emirates, according to a press release from the Treasury Department. The sanctions – unveiled ahead of Ukrainian Independence Day – specifically target those supporting the Russian supply chain and defense base, as well as those helping Moscow to evade current sanctions. They come as Ukraine has launched an audacious incursion into Russia’s Kursk region. This story is breaking and will be updated.

Persons: ‘ Organizations: CNN, US Treasury, State, United Arab Emirates, Treasury Department, –, Ukrainian, Treasury, State Department, State Atomic Energy Corporation Locations: United States, Ukraine, Russia, China, Switzerland, Turkey, Moscow, Russia’s Kursk, Russian

☆ Human brains contain surprising levels of plastic, study says
▼ + stars: | 2024-08-23 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

CNN —Human brain samples collected at autopsy in early 2024 contained more tiny shards of plastic than samples collected eight years prior, according to a preprint posted online in May. “Compared to autopsy brain samples from 2016, that’s about 50% higher,” Campen said. Nanoplastics are the most worrisome plastics for human health, experts say, because the minuscule pieces can take up residence inside individual cells. In that report, the consortium determined plastics are associated with harms to human health at every single stage of the plastic lifecycle. A March 2024 study found 1 liter of bottled water — the equivalent of two standard-size bottled waters typically purchased by consumers — contained an average of 240,000 plastic particles from seven types of plastics.

Persons: ”, Matthew Campen, ” Campen, Phoebe Stapleton, Philip Landrigan, “, Landrigan, You’re, Nanoplastics ‘, Campen, ” Landrigan, Svetlozar, — Organizations: CNN, University of New, Rutgers University, Program, Global Public Health, Global, Planetary Health, Boston College, American Chemistry Council, US Environmental Protection Agency, “, – Monaco, Plastics, Human, ”, Toxicity Program, International Agency for Research, Cancer, EPA, Endocrine Society, Invest, Natural Resources Defense Council Locations: University of New Mexico, Albuquerque, that’s, Piscataway , New Jersey, United States

☆ Gold dips as investors book profits, U.S. inflation data in focus
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: +2 min

Prices rose more than 1% in the previous session. "Prices will benefit if the U.S. inflation data comes in on the softer side of the ledger, which would reignite hopes of an aggressive rate cut from the Fed in September." The CPI data is expected to show that headline and core prices rose 0.2% month-on-month. Markets see about 50% chance of a 50 basis point rate cut in September, according to the CME FedWatch Tool. "If markets become more optimistic of a 50 bp cut coming to fruition, this could propel the gold price to make a run at the $2,500 level," Waterer said.

Persons: Alexander Manzyuk Gold, Tim Waterer, Waterer, Benjamin Netanyahu Organizations: REUTERS, Federal, KCM, Fed, Traders Locations: Siberian, Krasnoyarsk, Russia, U.S, Gaza

☆ Western sanctions are so tight that Russia and China could soon use an ancient trading system. It's worked before.
▼ + stars: | 2024-08-13 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewRussia and China are planning to revive the age-old practice of barter trade to get around Western sanctions, Reuters reported on Thursday. Since barter trade doesn't require monetary payments, it would allow Russia and China to skirt such issues. Russia has used barter trade beforeIt would not be Russia's first time using barter trade. Problems with barter tradeEven so, barter trade isn't widely practiced in modern society. Russian authorities are working on other ways to skirt Western payment sanctions.

Persons: —, Alexandra Prokopenko Organizations: Service, Reuters, Business, Russia, Kommersant, United Arab, RIA Novosti, Carnegie Russia Eurasia Center Locations: Russia, China, Russian, Ukraine, United Arab Emirates, Turkey, Austria, Afghanistan, Iran, Pakistan, India

☆ Falling commodity prices are indicating there is trouble brewing with the economy
▼ + stars: | 2024-08-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Commodity prices have tumbled over the past month, signaling underlying weakness in the global economy despite the U.S. stock market bouncing back from recession fears. But commodity markets may be telling a different story about the global economy. The Invesco DB Base Metals Fund is down more than 7% over the past month, while crude oil futures dropped 14% from July 5 through Aug. 5. @HG.1 YTD mountain Copper futures, YTD Weakness in China, the world's second-largest economy, is weighing on copper and oil in particular, Melek said. OPEC on Monday lowered its global oil demand growth forecast this year by 135,000 barrels per day as expectations in China have softened.

Persons: Rob Ginsberg, Ginsberg, Bart Melek, DBB @HG, We've, Melek, I'm Organizations: U.S, Investors, Invesco DB Base Metals, Wolfe Research, TD Securities, DBB, Metals, Copper, CNBC, Global, Beijing, European Union, World Trade Organization, Federal Reserve, Securities Locations: U.S, China, Beijing, Jackson Hole , Wyoming

☆ Gold subdued as investors focus on U.S. inflation data
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: +1 min

Gold prices struggled for momentum on Monday as investors looked forward to a key inflation report that could shed more light on the U.S. central bank's next policy move. Spot gold eased 0.13% to $2,427.86 per ounce by 0352 GMT, trading in a narrow $10 price range. The U.S. consumer price index data, due on Wednesday, is expected to show that headline and core prices rose 0.2% month-on-month. "Further inflation progress reflected in the upcoming CPI data could see gold eye for a retest of its all-time high once more," said IG market strategist Yeap Jun Rong. Among other metals, spot silver fell 0.3% to $27.36 per ounce, platinum shed 0.47% to $917.83 and palladium fell 0.2% to $903.48.

Persons: Ilya Spivak, Yeap Jun Rong, Michelle Bowman Organizations: Metals, U.S, Federal, Hamas Locations: Krasnoyarsk, Russia, bank's, U.S, Gaza

☆ How Warren Buffett's big Japanese investments fared in the global market rout
▼ + stars: | 2024-08-11 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

This week's violent global market meltdown started in Japan — where Warren Buffett has big investments — but the damage was limited. The Nikkei 225 index , a benchmark for Japanese stocks, plunged 12.4% on Monday, its worst day since "Black Monday" in 1987, triggering a domino effect globally. The stocks Buffett holds cratered as much as 30% initially, but bounced back by the end of the week along with the broader market. The Japanese trading houses also reported second-quarter earnings earlier this week, mostly exceeding analyst expectations and maintaining their full-year guidance. Away from Japan, Buffett was in a selling mood in the second quarter.

Persons: Warren Buffett, Buffett, Berkshire Hathaway, Buffett's, it's Organizations: Bank of Japan, Berkshire, Mitsubishi, Mitsui, Sumitomo —, Sumitomo, Tokyo Stock Exchange, Apple, Buffett Locations: Japan, Omaha, Berkshire

☆ Missing pieces of a Byzantine artifact recovered at Sutton Hoo
▼ + stars: | 2024-08-10 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

The incomplete artifact is on display in the High Hall exhibition at Sutton Hoo in Suffolk, England. A researcher excavates part of the Bromeswell bucket from the trench at Sutton Hoo. Based on the forms of Greek letters at the top of the artifact, researchers think the vessel was already 100 years old when it arrived at Sutton Hoo, Howarth said. Future research at Sutton Hoo could reveal the broader history of the site and what kept drawing people to inhabit it over time, Howarth said. The aim of this project is to look at the landscape and think about who was inhabiting it and how that fits into the wider Sutton Hoo story.”

Persons: Count, David Brun, ”, Laura Howarth, Howarth, James Dobson, ’ ” Howarth, Angus Wainwright, “, David Brunetti, ” Howarth, Sutton, Edith Pretty Organizations: CNN, Sutton, harrow, National Trust ., National Trust, Field, Specialists, Heritage, Hoo, “, British Museum Locations: Suffolk, England, Hoo, African, Sutton Hoo, Byzantine, Antioch, Turkey, Britain, Sutton, Hampshire, East Anglia, what’s, Sri Lanka

☆ Gold rises more than 1% on safe-haven demand, Fed rate-cut optimism
▼ + stars: | 2024-08-08 | by ( ) www.cnbc.com time to read: +2 min

Prices of safe-haven gold edged higher on Thursday, supported by Middle East tensions and optimism surrounding U.S. rate cuts, while traders awaited economic data for clues on the Federal Reserve's policy trajectory. Gold prices rose more than 1% on Thursday, supported by firm safe-haven demand and growing expectations for a sizeable interest rate cut from the U.S. Federal Reserve in September. Spot gold rose 1.27% to settle at $2,463.3. Brokerages including J.P.Morgan, Citigroup and Wells Fargo have forecast a 50-basis-point interest rate cut by the Fed in September after last week's U.S. jobs data. Gold prices fell as much as 3% on Monday, caught in a global sell-off driven by fears of a U.S. recession.

Persons: Alex Ebkarian, Bullion Organizations: Federal, U.S . Federal Reserve, J.P.Morgan, Citigroup, Fed Locations: Iran, Israel, Wells, U.S

☆ Secret experiments by a 16th-century alchemist involved an element that nobody knew about at the time
▼ + stars: | 2024-08-06 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

One of history's leading 16th-century astronomers, Tycho Brahe, was also an alchemist who kept the secrets of that pursuit under wraps. AdvertisementAfter his death, Brahe's elaborate laboratory and observatory was destroyed, taking many of its secrets with it. Rasmussen and colleagues recently analyzed the shards for evidence of 31 trace elements to determine which Brahe may have used in his laboratory. In addition to medical experiments, Brahe could have been trying to uncover the secrets of other minerals. The endless search for better medicineTycho Brahe's laboratory was destroyed after his death.

Persons: history's, Tycho Brahe, —, Brahe, elixirs Brahe, Kaare Lund Rasmussen, we've, Lawrence Principe, — Brahe, Rasmussen, you've, Tycho Brahe's, who's, Principe Organizations: Service, Business, Heritage, Johns Hopkins University, Science, Society Picture Library Locations: what's, Swedish, Ven, Principe

☆ Want to invest $50,000? Here are 5 ETFs to buy and hold, according to a wealth manager
▼ + stars: | 2024-08-05 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

ETFs hold a collection of securities , like stocks or bonds, and so offer more diversification than a single asset. CNBC Pro asked Dennison for his top ETF picks that someone looking to invest $50,000 can buy and hold long-term. Avantis International Small Cap Value ETF Dennison says he's "very happy" with the Avantis International Small Cap Value ETF (AVDV-US). DFA Dimensional U.S. Small Cap Value ETF Another small-cap-focused ETF on Dennison's radar is the Dimensional US Small Cap Value ETF (DFSV-US), which owns companies that are "in corners of the market that are harder to reach." The Dimensional US Small Cap Value ETF is currently around 6% higher over the year to date.

Persons: Tariq Dennison, Dennison, he's, Spencer, Weizhen Tan, Ganesh Rao Organizations: Fidelity, GFM Asset Management, CNBC Pro, Value, U.S, Abercrombie, Fitch, Cadence Bank, Commercial Metals, JPM Global Equity, Global Equity, Arista Networks, Walmart, Deutsche Telekom, ASM International, Novo Nordisk, Vanguard Locations: U.S, Swiss, Dennison

☆ Watch out for the semiconductor supercycle before you start buying stocks like Nvidia
▼ + stars: | 2024-08-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Nvidia stock prices have more than doubled since the start of the year, and in June, it briefly became the world's most valuable company. "The boom in spending on AI infrastructure has been a major growth driver for the chip industry," Miller said. Zuckerberg even touted Meta's growing stockpile of Nvidia chips in an interview with The Verge in January, adding that he expects the company to own more than 340,000 Nvidia H100 GPUs by the end of 2024. The boom in data center builds has also spurred significant chip demand. Amazon, Meta, and Google are all designing their own AI chips.

Persons: —, Chris Miller, Miller, Meta's Mark Zuckerberg, Tesla's Elon Musk, Zuckerberg, TSMC, Thomas Rupf, Josie Ananto, Parthenon's Ananto, Jensen Huang, Goldman Sachs Organizations: Service, Nvidia, The Fletcher School, Tufts University, Business, New York Times, Bank Asia, Nvidia Semiconductor, Big Tech, Meta, Google Locations: EY

☆ Gold prices set for weekly gain with U.S. payrolls data on tap
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: +2 min

Gold prices firmed on Friday and were set for a weekly gain, driven by prospects of a Fed rate cut in September and rising tensions in the Middle East, while market participants awaited U.S. nonfarm payrolls data for further direction. Gold prices firmed on Friday and were set for a weekly gain, driven by prospects of a Fed rate cut in September and rising tensions in the Middle East, while market participants awaited U.S. nonfarm payrolls data for further direction. Spot gold was up 0.2% at $2,451.07 per ounce, as of 0243 GMT, and has gained more than 2% for the week. Trader bets for a super-sized 50-basis-point rate cut in September jumped to 28.5% from 11.8% earlier this week, according to the CME Group's FedWatch tool. "Angst surrounding U.S. elections and the conflict in the Middle East will play an assisting role in moving gold higher on a sustained basis," analysts at TD Securities said in a note.

Persons: Jerome Powell, Ajay Kedia, Mohammed Deif Organizations: Federal, Kedia Commodities, TD Securities Locations: U.S, Mumbai, Gaza, Tehran

☆ Noah Lyles is talking the talk ahead of the Olympics, now it’s time to do the rest
▼ + stars: | 2024-08-02 | by ( Marcus Thompson Ii | ) www.nytimes.com time to read: +7 min

But Lyles is aiming to do the opposite of cramming his listed 5-foot-10 frame and 6-foot-9 personality into a traditional box. You have all these other athletes as stars, rock stars, popular wherever they go. Still, Noahstradamus predicted he’d win gold in both the 100 and the 200 in Paris. Certainly, when you think of the track stars whose fame extended beyond the ceiling of their sport, it came with heroic feats. He’d not only cement himself an Olympic champion, he’d be primed to fully take advantage of it with the 2028 Olympics coming to America.

Persons: Noah Lyles, Gucci, Yu, Snoop, It’s, ” Lyles, ” Noah Lyles, he’ll, Christian Petersen, What’s, that’s, He’s, Lyles, Usain Bolt, Lyles ’, Noahstradamus, Carl Lewis, Bolt, he’s, hasn’t, Jamaica’s Kishane Thompson, Lewis, Michael Johnson, Florence Griffith, Joyner, Wilma Rudolph, Jesse Owens, He’d, he’d, “, Michael Jordan, it’s, Nia Akins, Dan Goldfarb, Tim Clayton, Corbis Organizations: Adidas, Netflix, Lyles, Eiffel, Getty, NBA, Tokyo Games, Atlanta Games, Stade de France, Apple Locations: PARIS, Paris, Alexandria, Va, Tokyo, America, Los Angeles, U.S

☆ Gold scales 2-week high as Fed nods to likely Sept rate cut
▼ + stars: | 2024-08-01 | by ( ) www.cnbc.com time to read: +2 min

Gold prices climbed to a two-week high on Thursday as U.S. Federal Reserve Chair Jerome Powell opened the door to cutting interest rates as early as September. Gold prices climbed to a two-week high on Thursday as U.S. Federal Reserve Chair Jerome Powell opened the door to cutting interest rates as early as September. Prices were just about $35 shy of the record high of $2483.60 scaled on July 17. "Gold bulls couldn't resist the urge to buy more gold after the Fed effectively signaled the beginning of its rate-cut cycle. "If the data comes in much hotter than expected, that could dent gold as we head towards the weekend," Simpson added.

Persons: Jerome Powell, Matt Simpson, Simpson, Ismail Haniyeh, Nicky Shiels Organizations: Federal, Index, MKS PAMP SA Locations: U.S, Tehran, Israel, Gaza

☆ Organic and regular dark chocolate contaminated by lead and cadmium, study finds
▼ + stars: | 2024-07-31 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

As natural elements in the Earth’s crust, lead, cadmium and other heavy metals are in the soil in which crops are grown and thus can’t be avoided. The research team examined only pure dark chocolate products as they contain the highest amount of cacao, the raw, unprocessed part of the cacao bean. Gabi Musat/500px/Getty Images/FileLead and cadmium found, but no arsenicThe new study analyzed 72 consumer cocoa products for levels of lead, cadmium and arsenic. He authored a July study which analyzed 155 samples of chocolate and found higher levels of cadmium but little lead in dark chocolates. However, for healthy adults, Godebo’s risk analysis found little to worry about choosing to indulge in 1 ounce of dark chocolate now and again.

Persons: can’t, ”, Jane Houlihan, Houlihan, Gabi Musat, ’ ”, Danielle Fugere, ” Fugere, “, Leigh Frame, Tewodros Godebo, Godebo Organizations: CNN, Nutrition, Food and Drug Administration, National Confectioners Association, Consumer Labs, FDA, Integrative Medicine, Health, George Washington University, Tulane University School of Public Health, Tropical Medicine, Environmental Protection Agency, World Health Organization, “, WHO Locations: Washington ,, New Orleans

☆ Gold prices set for monthly gain; traders eye Fed verdict
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: +2 min

An employee arranges one kilogram gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand, on Jan. 13, 2016. Gold prices held steady on Wednesday and headed for a monthly gain, supported by rising optimism surrounding U.S. interest rate cuts, while focus shifted to Federal Reserve's policy verdict due later in the day. Spot gold held its ground at $2,407.85 per ounce, as of 0200 GMT, and has gained more than 3% for the month. Gold will rally if the Fed language indicates that multiple cuts are coming," said Kyle Rodda, a financial market analyst at Capital.com. Traders will also keep an eye on the ADP employment report due later in the day and Friday's U.S. payrolls report.

Persons: Fed's, Kyle Rodda, Israel, Hezbollah's, Rodda Organizations: Traders, Reuters Locations: Bangkok, Thailand, Federal, U.S, United States, Iraq, Beirut, Israel

☆ 4 areas of the market set to surge if Trump wins the election — and 3 poised to benefit from a Harris victory
▼ + stars: | 2024-07-31 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

When it comes to investing in sectors such as financials and energy under Trump, Bianco believes that size matters. A Harris presidency would benefit the renewable energy industry, according to Amanda Rebello, head of Xtrackers ETF sales at DWS. That's primarily because a Harris presidency would result in more stringent fiscal policy than a Trump one. The national debt is also likely to rise faster under a Trump presidency compared to a Harris one. AdvertisementInvestors can prepare for a Harris presidency by adding fixed income assets such as US 10-year Treasury notes to their portfolios.

Persons: —, David Bianco, Harris, it's, He's, Bianco, Trump, Russell, REITs There's, Amanda Rebello, That's, he's, REITs, iShares Cohen Organizations: Service, Trump, Business, Republican, DWS Group, Republican National Convention, Big Pharma, VanEck Pharmaceutical, Vanguard, Energy, Democratic, Fed, Harris, Real, Investment, Battery Tech, Clean Energy, Schwab, Steers, ETF Locations: Big, Harris ' California

☆ Gold lacks momentum as Fed meeting looms
▼ + stars: | 2024-07-30 | by ( ) www.cnbc.com time to read: +2 min

Gold struggled for momentum on Tuesday as investors looked for more cues on when the U.S. central bank will cut interest rates from this week's policy meeting and data releases. Gold struggled for momentum on Tuesday as investors looked for more cues on when the U.S. central bank will cut interest rates from this week's policy meeting and data releases. Spot gold was down 0.1% at $2,380.31 per ounce, as of 0156 GMT. "Any moves lower in the dollar would likely provide a boon to gold, which could again see levels north of $2,400." Lower interest rates reduce the opportunity cost of holding the non-yielding bullion.

Persons: Gold, Tim Waterer, KCM, Heraeus Organizations: Federal, Fed, Bank of England, Bank of Japan Locations: U.S

☆ Costco just increased its membership prices — here are 8 things that make the annual fees worth it, as an employee
▼ + stars: | 2024-07-29 | by ( Veronica Thatcher | ) www.businessinsider.com time to read: +6 min

From saving money by bulk-buying groceries to taking advantage of executive membership rewards, there are tons of reasons it's beneficial to shop at the warehouse. AdvertisementThe warehouse has a very flexible return policy on most merchandiseCostco has a flexible return policy with guaranteed customer satisfaction. The executive membership, in particular, offers great perksI love the rewards I earn through my Costco executive membership. On the other hand, the executive membership gives customers 2% cash-back rewards on qualified purchases. I'd say my family of four saves almost $1,000 each year, not including the 2% cash-back rewards I accumulate through my executive membership.

Persons: —, Veronica Thatcher, Veronica Thatcher Costco Organizations: Service, Costco, Business

☆ 'Big Short' investors are bullish on gold because money is devaluing too quickly
▼ + stars: | 2024-07-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Three famed "Big Short" investors say gold remains a top long-term bet. Danny Moses, Porter Collins, and Vincent Daniel went on CNBC to explain why they're bullish. They cite rising debt levels, which they say could result in a "huge debasement" of the dollar. AdvertisementInvestors should be scooping up more gold for the long haul, according to three investors of "Big Short" fame. Collins and Daniel — the co-founders of Seawolf Capital — said they remained long on gold, gold miners, and precious metals like silver in their annual letter to shareholders.

Persons: Danny Moses, Porter Collins, Vincent Daniel, —, Vincent Daniel —, Collins, Daniel, Daniel —, Moses, Gold, we've Organizations: CNBC, Service, Treasury, stoke, Seawolf, Moses Ventures Locations: US

☆ A Costco gold collector has bought more than $100,000 of coins this year — mostly for flipping
▼ + stars: | 2024-07-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

The real kicker, however, is the company's 2% rewards offer for Executive members, plus an another 2% reward for holders of the Costco credit card. One Costco member told Business Insider says he uses these percentage-point differences to make up to $500 per week buying coins and flipping them to online dealers and to local shops. "For me, gold is gold," he said, "but there's always more demand for Mint." Driving through Texas one day he stopped into a Costco warehouse that happened to have US gold buffalo coins in stock. AdvertisementIn just the past six months, the member has bought more than $110,000 worth of gold, according to credit card transactions reviewed with BI.

Persons: —, it's, there's, he's Organizations: Service, Business, Costco, BI, US, Mint Locations: Swiss, Texas

☆ Going for gold — Three 'Big Short' traders say the precious metal is a major long
▼ + stars: | 2024-07-27 | by ( Ellie Stevens | ) www.cnbc.com time to read: +2 min

"The Big Short" traders Danny Moses, Vincent Daniel and Porter Collins are focused on one of their top long bets: gold. "I just don't think Americans have enough gold in their portfolio," Collins said on CNBC's " Fast Money " in an exclusive interview this week . We are still very long gold , gold miners , Silver , Platinum Group Metals (PGMs) and Bitcoin ," they wrote. In a special email to "Fast Money" on Monday, Moses wrote he has a "large long" in the Sprott Physical Gold Trust . As of Friday's close, the Sprott Physical Gold trust is up more than 16% so far this year.

Persons: Danny Moses, Vincent Daniel, Porter Collins, Collins, Daniel, Moses Organizations: Seawolf, Group Metals, Moses Ventures, Trust Locations: U.S

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