In September of last year, then-CFO Richard Galanti told analysts and investors that the retailer’s gold bars were "typically gone within a few hours" after getting put on Costco’s website. The retailer has also credited the gold and silver bullion with helping give its online sales a ...
The warehouse club has seen a spike in sales ever since it began selling 1-ounce bars of 24-karat gold last September. With the gold bullion selling out faster than the store could replenish its stock, the discount giant in January added silver coins to its offerings of precious metals. ...
COSTCO GOLD AND SILVER SALES ‘SEEM TO HAVE GROWN CONSIDERABLY': WELLS FARGO Costco members have rushed to get their hands on the retailer’s gold and silver bars in the past. In September of last year, then-CFO Richard Galanti told analysts and investors that the retailer’s gold bars wer...
Costco's gold bars were such a hit with customers that the retailer had trouble keeping them in stock. After the retailer added silver coins to its lineup, Wells Fargo estimated that the chain was selling as much as$200 million of gold and silvereach month to its members. ...
Costco is now selling silver coins. Yuriko Nakao/Getty Images Costcois becoming a go-to place for the discerning shopper of precious metals (not to mentionYukon Cornelius). The retailer, whose24-karat-gold bars were a hitwith shoppers (and gave a big boost to the company’s e-commerce div...
In its fiscal first quarter, the company said it sold more than US$100 million in gold bars — equal to about 51,740 ounces, based on calculations using average gold prices during that period. Article content Article content Gold and silver sales continue to be “a me...
The big box retailer, which started selling 1-ounce nearly pure 24-karat gold bars priced at about $2,000 last fall, has seen a growing amount of consumer interest recently amid inflation and economic uncertainty. "This is a currency that has been around for thousands of years. It i...
The company’s online sales have also gotten a boost from sales of precious metals such as gold bars and silver coins, which are sold exclusively through the website. Costco recently announced that it will also sell platinum bars to consumers. COST stock has risen 67% over the last 12 ...
After Costco's gold bars flew off the shelves, the wholesale retailer turned to selling silver coins. Sold in 25 tubes, the 1-ounce Canada Maple Leaf Silver Coins are priced at $679.99. The coins from the Royal Canadian Mint have a image King Charles III on one side and ...
After Costco introduced gold bars last year, they sold out within hours of adding new inventory. Costco (COST) has started selling 1-ounceplatinumbars on its website, adding to its existing gold and silver offerings.1 The platinum bars, reportedly priced at $1,089.99, are only available onli...