In a rare public comment about its bullion, Costco executives noted the popularity of its gold offerings during a September 2023 earnings call. In its fiscal first quarter, the company said it sold more than US$100 million in gold bars — equal to about 51,740 ounces, ...
Costco was selling one ounce bullion bars on Sept. 28 for a 1.6 per cent premium to spot gold’s price — below what precious metals retailers charge. Add a potential four per cent in rewards, and Costco members get an even bigger break....
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...