The relationship between the aggregate economic situation and mortality has been the focus of many studies since Ruhm (2000). Prior work using US data has estimated that for most causes of mortality, improvements in the overall economy lead to lower mortality (Fishback et al., 2007;Ruhm, 2000). The consistent exception to this is suicides. The US Suicide Prevention Resource Center reports the total costs of all attempted and completed suicides to be $93.5 billion per year (Substance Abuse and Mental Health Services Administration, 2019). However, except for Fishback et al. ( 2007), there are no causal estimates of how aggregate economic changes affect suicides. 1 In this paper, I estimate the relationship between the arguably exogenous change in the economy induced by gold mining and suicide mentions. It is hard to think of an exogenous change in this context as that change needs to affect an entire economy sufficiently to affect suicides. At the same time, it needs to be unexpected such that people cannot adjust their behavior in anticipation of the change. I exploit the US gold rush as an event that plausibly fulfills these criteria. The gold rush was unexpected and peaked very fast, with mined gold making up 3.5% of nominal federal GDP. 2 I use two-way fixed-effect estimation to show that the gold rush reduced suicides. The analysis is performed on a state-year panel that consists of values for mined gold from 1840 to 1860 and suicide mentions per 100,000 pages in regional newspapers as a proxy for suicides (Kronenberg, 2021).