Commentary

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Here’s The Real Reason People Are Buying $200 Million In Gold From Costco Every Month

Apr 23 2024

Costco has sold gold bars since the fall. They get more than the spot price of gold, but it’s still a good deal compared to most places you’ll purchase it.

It’s one of the more unusual things that Costco sells, perhaps, and it’s gotten a lot of attention this month because of a Wells Fargo report suggesting Costco sells $200,000,000 per month in gold bars. That’s a run rate of $2.4 billion per year in gold sales.

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Puff Daddy Goes Poof, Diddy’s Jet Flees U.S. As Homeland Security Storms LA And Miami Homes

Mar 26 2024

Sean John Combs a.k.a Puff Daddy a.k.a P. Diddy, et al may have fled the country on his private jet. The Grammy Award-winning rap artist, who was estimated to have a net worth of $1 billion in 2022, has been sued multiple times for sexual assault. Now the government is after him for sex trafficking. The details of the government investigation haven’t been announced yet. However, Puff’s jet has gone poof out of the U.S.

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TripAdvisor Wants To Move To Nevada, And That May Stop Tesla From Moving To Texas

aston martin
Feb 12 2024

TripAdvisor was acquired and became part of the same company as Expedia. It was later spun off as a public company. It earns most of its revenue from Expedia and Booking.com, selling eyeballs of customers searching hotels to those platforms. Even reviews got de-prioritized. It stopped being primarily a tool to help customers figure out where to stay.

Now there’s corporate intrigue over where TripAdvisor itself should find lodging. Can it move from Delaware incorporation to Nevada? And what a judge says there may decide whether Tesla can leave Delaware, too, after a judge struck down Elon Musk’s $55 billion compensation package.

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