How doomsday preppers made gold and silver precious end-of-the-world assets
Publishing timestamp: 2024-03-14 13:26:07
Summary
Costco has seen a surge in sales of gold bars and has now added silver coins to its offerings, catering to doomsday preppers who fear economic collapse. Experts believe the interest in precious metals reflects deep anxieties about society's future and a desire for stability in a crumbling world. Despite differing opinions on gold as an investment, many see it as insurance against economic catastrophe. The rise in sales of precious metals may also be linked to fears about the future of the world, including climate change and geopolitical tensions.
Sentiment: MIXED
Keywords: costco wholesale corp, gold comex (apr'23), richard galanti, donald trump, business news, vladimir putin, wheaton precious metals corp, personal finance,
Source: https://www.cnbc.com/2024/03/14/why-doomsday-assets-like-gold-and-silver-are-doing-so-well.html