Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimates

[ad_1] Costco selling 1 ounce gold bars Courtesy: Costco Gold has turned into money for Costco, where yellow metal sales begun last year have turned into a cash cow for the big-box retailer. In fact, sales are so brisk that analysts at Wells Fargo expect revenue “may now be running at” $100 million to $200 million a month, a rapid acceleration since bullion hit the warehouse club late in the summer of 2023. “Our work suggests there has been significant interest given COST’s aggressive pricing and high level of customer…

A global gold rush for buried hydrogen is underway — as hype builds over its clean energy potential

A global gold rush, nations race to unearth geologic hydrogen, a long-overlooked resource touted as a key player in the shift away from fossil fuels. [ad_1] The team from the Geological Agency of the Ministry of Energy and Mineral Resources (ESDM) took samples of natural buried hydrogen gas found in One Pute Jaya Village, Morowali Regency, Central Sulawesi Province, Indonesia, 23 October 2023. Nurphoto | Nurphoto | Getty Images A global gold rush is underway for a long-overlooked resource that advocates say could play a significant role in the shift…