Gold surge So, selling gold bars has been easy for a store priding itself on its variety of consumer choices. There are a few catches: Sales are limited to five per customer (up from two previously) and while the benefits to Costco's top line are clear, it's a little...
“It seemed like a too-good-to-be-true deal,” said Josh Young, who purchased a gold bar and coin from Costco in the past year. The Houston money manager said he purchased the items as insurance against rising geopolitical and financial risks, including “significant hyp...
Today, each bar is worth about US$700 more. Signs of robust bullion demand at Costco won’t move prices because sales volumes aren’t large enough, according to Philip Newman, managing director at consultancy Metals Focus. Still, the buying can signal strong support for the metal. “People ...
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. According to a recent estimate from Wells Fargo, the members-only retailer now sells $100 million to $200 millio...
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. ...