Wealthier Shoppers Flocking to Walmart as Inflation Bites

by Michael Maharrey, Schiff Gold: Walmart recently announced better-than-expected third-quarter sales growth. This may seem like great economic news until you realize the reason behind the retailer’s big jump in sales. As it turns out, wealthier shoppers are flocking to Walmart to make ends meet as rising prices squeeze pocketbooks. In its earnings report, Walmart said it […]