You Won’t Believe What Costco’s Best-Selling Item Is

[Inside Wall Street with Nomi Prins]( Maria’s Note: When the essay below crossed our desk, we knew we had to share it with you. It comes from Rogue Economics friend Teeka Tiwari. Teeka has helped more folks become millionaires than anyone else we know of in our industry. He has shown his readers to gains as high as 53,233%… 60,771%… and 151,000%. So when he talks, we listen. And right now, he’s sounding the alarm on something we’ve been warning about in these pages: the Fed’s reckless money-creation, and what it means for your wealth. Over to Teeka… --------------------------------------------------------------- You Won’t Believe What Costco’s Best-Selling Item Is By Teeka Tiwari, Editor, Palm Beach Daily [Teeka Tiwari] If I asked you what the best-selling product at Costco is, what would your answer be? I’ll tell you the answer in a moment. (It’ll blow you away.) For the few of you who may not know, Costco is a members-only big-box retail store. It’s a popular place to buy bulk items at discount prices. That model has made Costco the third-largest retailer in the world… with a market cap of $240 billion. Some of the most popular products it sells are toilet paper, rotisserie chicken, bacon, hot dogs, and gas. In fact, during the COVID-19 pandemic, Costco couldn’t keep toilet paper on the shelves. Things got so bad, it had to actually put purchase limits on toilet paper. So I wouldn’t be surprised if your answer to my question above is “toilet paper.” But the correct answer is gold. In September, Costco started offering 1-ounce gold bars for about $2,000. According to the company’s chief financial officer, Richard Galanti, they’re selling like hotcakes. “I’ve gotten a couple of calls that people have seen online that we’ve been selling 1-ounce gold bars. But when we load them on the site, they’re typically gone within a few hours, and we limit two per member,” Galanti said on the company’s quarterly call. Friends, this is insane. The demand for gold bars is so strong, Costco can’t keep them in stock. Below, I’ll tell you why I believe the company is running out of gold bars, and what it means for you… Recommended Link [Buy this AI Stock Before Elon’s Announcement]( [image]( Teeka Tiwari, the man who picked Nvidia before it skyrocketed as high as 5,246%, is now recommending [this AI stock…]( Because it’s most likely supplying Elon Musk with a key piece of advanced tech for his new AI venture. Hurry… Elon Musk has promised that he “will share more information [about this AI project] over the next couple of weeks.” If he mentions the name of this supplier in a tweet or during a press conference, there’s no telling how high shares could go. [Click here now before it’s too late.]( -- Why Costco Is Running Out of Gold Bars Inflation is crushing the American consumer. Since the pandemic in March 2020, we’ve seen the inflation rate peak as high as 9.1%. It’s decelerated since then. But that just means prices continue to rise at a slower rate. That’s why I believe people are buying gold bars like hotcakes… They’re trying to protect their purchasing power. And who can blame them? Especially since I believe things are about to get worse. Just take a look at the chart below. It shows the amount of U.S. debt. [Chart] For the first time ever, our government is $33 trillion in the hole. Friends, this is a truly unfathomable number. Just to give you some context, one trillion one-dollar bills stacked on top of each other gets you about a third of the way to the moon. Thirty-three trillion dollars is not “just a number.” It’s the financial burden that you, your kids, your grandkids, and your kids’ grandkids will have to shoulder. Now, from 2008–2021, this out-of-control debt wasn’t a big problem because interest rates were close to zero. So the interest we paid on that massive debt pile wasn’t a big deal. But interest rates are zero no more. To combat inflation, the Federal Reserve has jacked up rates to 5%. JPMorgan Chase CEO Jamie Dimon believes they can go as high as 7%. Recommended Link [How 1 Firm Using AI Could Unlock Affordable EVs (And a Fortune for You)]( [image]( A resource snag is slamming the brakes on America’s EV rollout… But one firm using AI has unlocked a novel solution. They’re racing to unveil a breakthrough I call the “EV Master Key.” If history is a guide, the stock I’ll recommend could soon soar: - “America’s First Master Key” created the first billionaire & turned every $1,000 into $1.3 million. - The “Hybrid Master Key” turned a backdoor investment in the Toyota Prius into a 17X moneymaker. - The “Smart Car Master Key” delivered gains of 14,000% – 280 times MORE than top auto stocks. Don’t miss your opportunity to take an early stake. I believe this firm could mint more EV millionaires than the rise of Tesla. Biden’s new emissions law could send this pick into overdrive in the days ahead… [Don’t wait. Click here to get all the details.]( -- At 7%, the interest payments on $33 trillion would be in the vicinity of $2.1 trillion per year. That’s nearly three times bigger than the U.S. defense budget. To cover these debts, the Fed will be forced to print money so it can go out and buy the government’s bonds. It will have to do this because there won’t be enough buyers in the market to cover the amount of new government bond issuance. When the Fed cranks up the money printer, it’s diluting the value of all the other dollars in the system. Just like when a company issues too many shares, it dilutes the value of the shares you own. The result? The value of the dollars you own will shrink – a lot. This level of debt is the endgame I’ve been warning you about… a “doom loop” that tips America over the edge from dollar superpower into dollar collapse. That’s why I believe so many people are stocking up on gold. And Costco isn’t the only major player in the gold market. Not even close. In the first quarter of 2023, central banks added 228 tons to global reserves. That’s the highest rate of purchases seen in a first quarter since the data series began in 2000. It’s also a continuation of a surge in gold purchases over the past 12 months. You can see that in the next chart… [Chart] Since January 2020, gold is up 32%. That may not seem like a lot – especially when stocks like Nvidia are up 193% in one year – but that’s a huge move for the $12 trillion gold market. Now, I recommended gold as early as 2015 as disaster insurance because I believe everyone should have some gold. And my readers are up 56% on that trade. But there’s something else I’m recommending today. Recommended Link Market Wizard Reveals: [The One Ticker Retirement Plan]( [image]( Introducing the “One Ticker Retirement Plan”… It’s a way to trade just one ticker… And potentially make all the money you need – no matter what happens in the stock market. Sounds too good to be true? [Larry reveals everything in this interview – including the name of the ticker you need to get started.]( -- High Stakes Friends, everything about the economy right now comes back to one thing: inflation. It’s on everyone’s mind. It enters every conversation. It’s an economic problem. It’s a political problem. And it’s also a huge problem for your personal wealth. It’s not a temporary rise due to supply chain issues (although that’s certainly keeping goods scarce)… or the demand for popular items like a PlayStation video game console. We’re seeing the inflationary impact of trillions of dollars in fiscal stimulus created during the pandemic. But things are about to get worse… There’s an unprecedented government event scheduled for the month of November. And I believe it will trigger the final collapse of the dollar and its purchasing power for everyday Americans. That’s why on Wednesday, November 8, at 8 p.m. ET, I’m holding [an event called The Final Collapse](. During this special event, I’ll reveal the one asset I believe will skyrocket even as the value of the dollars in your wallet, bank account, and brokerage accounts collapses. The last time the dollar had a similar crisis, my readers had a chance to make 27 times…. 56 times… and even 850 times their money – in less than two years off this asset. I’ll also give you a free recommendation, no strings attached. You need to know my past free picks have an average peak gain of over 1,100%. That would be 12 times your money. Friends, it bears repeating: The last time the dollar had a similar crisis, my readers had a chance to make 27 times… 56 times… and even 850 times their money – in less than two years. Inflation is already destroying the retirement plans of millions of Americans. You cannot afford to ignore this. The stakes are too high. So please [be sure to join me on Wednesday, November 8, at 8 p.m. ET](. Let the Game Come to You! [signature] Big T --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). MAILBAG The discussion on the U.S. national debt continues. On Tuesday, reader Peter argued that higher tax rates for corporations and the wealthy would help solve the debt crisis. This reader agrees on raising tax rates for top corporations… but also offers another strategy… Besides lifting top corp and individual tax rates a lot, start a nickel fee on every trade. Wall Street does those computer trades to get a 2-cent profit on a trade in euros for a million shares at a time. – John M. On the other hand, these two readers disagree with Peter and John M. about taxing corporations more… and agree with reader Greg who argued yesterday that one of the problems is out-of-control government spending… Corporate and other business taxes. Chuckle, it’s amazing how gullible people can be. Very important question. Who actually pays the corporate and business taxes? Are they included in the costs and prices their customers pay for their products and services? Isn’t this just another way the government hides more taxes on us citizens? The last that I recall the government confiscates 44% of our GDP. During my 72 years, the government has grown faster than our economy. Maybe we have a spending problem? But this doesn’t cover the basic issue. Haven’t government salaries increased much faster than private wages? – Jim L. The biggest cause of the national debt is spending. If taxes were 100% of earnings for everybody, there would still be a national debt. What really needs to happen is that those who are worried about others not paying their fair share should pay their own fair share. Instead of dragging down the whole country, they need to pay for whatever they see that's wrong and leave everybody else out of their dreams of a fair world for those who are disadvantaged. If everybody paid the same amount of taxes, this would solve a lot of problems. – John F. Do you believe a wealth tax or a flat tax is a better solution to the national debt crisis? Do you agree with John M. that a nickel fee on trades would help? Write them at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). 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