Costco is known for selling daily necessities in big packages, from toilet paper to coffee. But now it's edging into a category also viewed as essential by some investors and survivalists: gold. The discount retailer said this week it has started selling 1-ounce bars of gold, but that ...
The demand for platinum bars has grown so much in the last year that some Costco members might have to wait until the platinum bars are back in stock. One ounce platinum bar sold at Costco.Costco Other retailers are also offering platinum bars for sale, including Walmart, which offers plat...
Costco's gold rush is bringing in big bucks. The membership-based wholesale retailer sold an eye-popping $100 million in one-ounce gold bars last quarter, Costco CFO Richard Galanti said Thursday in an earnings call. Amid persistent inflation, consumers snapped up the gold which sold out ...
You may be wondering how much people are paying for their gold bars at Costco. The price of gold fluctuates regularly. How Much Does Gold Cost? The current price of a Troy ounce of gold is about $2700. The weight of gold is measured by Troy ounces which is about somewhat heavier than...
Costco apparently made quite a bit of coin from gold bars in the first quarter, with many online customers having opened their wallets to score ounces of the precious metal. "You’ve probably read about the fact that we’re selling 1-ounce gold bars," Richard Galanti, the chief financial ...
Rose noted that the gold bars hit Costco's shelves and website after it started providing accelerated offerings of dried foods and other survivalist goods at a time when concerns about the future of the United States were at an all-time high. Gold meshes with this kind of product. ...
Costco selling 1 ounce gold bars Courtesy: Costco Gold has turned into money forCostco, where yellow metal sales begun last year have turned into a cash cow for the big-box retailer. In fact, sales are so brisk that analysts atWells Fargoexpect revenue "may now be running ...
Gold likely made the difference. Management recently said the addition of gold bars to its e-commerce segmentlifted that businessin fiscal Q2. Members flocked to its website to snap up the precious metal, which has recently been selling for more than $2,000 per ounce. Costco currently limits...
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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...