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, ...
Gold’s surge this year to record highs hasn’t stopped bullion from flying off shelves at Costco Wholesale stores across the U.S. Read more.
Shoppers are heading to Costco for more than just budget-friendly hot dogs. 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,...
Costco’s Gold Bullion Sales Surge, Propelling E-commerce and Revenue September 27, 2024 Costco Wholesale Corporation (NASDAQ: COST) has reported strong financial results for Q4 2024, driven by double-digit growth in gold bullion and jewelry sales. Gold bullion has become a key contributor to Co...
Gold has turned into money for Costco, where yellow metal sales begun last year have turned into a cash cow for the big-box retailer.
These days, even big-box retailers like Costco and Walmart are now selling gold bullion. That accessibility has made it easier than ever for any type of investor to buy in and has marked a significant shift in how everyday investors can participate in the gold market. While investors now...
The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust's expenses. The Trust holds gold bullion and from time to time issues the Shares in Baskets in exchange for deposits of gold and distributes gold in connection wi...
Gold bars continue to be a hit at Costco. The company sold $100 million worth of one-ounce gold bars in its most recent quarter, CFO Richard Galanti said Thursday during an earnings call. When asked what consumer trends Costco was seeing this holiday season, he quipped, "They're buying ...
For those chasing the bull market, it might pay to first listen to what the bullion has to say. — CNBC's Alex Harring, Yun Li and Sarah Min contributed to this report.
October 22, 2024 The Economist Over the past year investors have piled into the metal, driving its price up by 38% to over $2,700 per troy ounce—a record high (see chart 1). The buzz has reached unusual places: gold bars have hit the shelves of Costco, an American retailer, and ...