Millennials Love the Midas Metal
“OK Boomer… we’re buying gold” Hi Reader, Here’s what our editors are looking at today… | | | Dan Amoss: The Costco Shoppers Putting $2,000 Gold Bars in Their Carts "OK Boomer… we’re buying gold” Costco, which started offering gold bars last year online and in a few stores, has been selling out within hours. Consumers rated gold as a better investment than stocks and mutual funds in 2023 for the first time in a decade, according to a Gallup poll. The price has been hitting record highs. Gold buyers, especially those on the younger side, say it is a hedge against catastrophe. Even people who aren’t building bunkers and predicting doomsday are increasingly preparing for worst-case scenarios. Natural disasters, wars in Ukraine and the Middle East and the Covid-19 pandemic are fresh in the minds of many. That, and the fear of financial calamity, are driving gold higher and higher. ⇒ Read More Here | |
Byron King: The Quarter When Boeing Broke Boeing’s plans are changing… big time. The first three months of 2024 will be remembered as the quarter when Boeing broke and the path forward is daunting for company executives and shareholders. “Overall, we believe Boeing is headed for, and in need of, a multiyear restructuring,” Melius Research analysts Robert Spingarn and Scott Mikus say. In a recent report to investor clients, they detail why Boeing’s turnaround could take the rest of the decade and likely will disappoint shareholders in the interim. ⇒ Read More Here | |
Alan Knuckman: American Economy: Biden vs. Trump Biden says “America has the best economy in the world.” America’s economic standing in the world is becoming an early flashpoint on the campaign trail, where former President Donald Trump routinely depicts the United States as a commercial wasteland. “We are a nation whose economy is collapsing into a cesspool of ruin, whose supply chain is broken, whose stores are not stocked, whose deliveries are not coming,” Trump shouted at a Georgia rally last month. But the numbers paint a different picture, one more in line with Biden’s narrative of American economic dominance than Trump’s apocalyptic warnings… ⇒ Read More Here That’s all for today, we’ll be back Monday with more of our top articles. Make sure to email us here with whatever crosses your mind that you want us to cover. We look forward to hearing from you! Looking forward to your financial future, | | | | | |
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