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The spread is evident in Costco’s pricing. With the spot price of gold at $2,018 in mid-December, its gold ingots cost about 3 percent more than the fair, market-determined value of gold. But ...
There's a modern-day gold rush taking place at Costco, with the big-box retailer reportedly selling up to $200 million worth of gold bars each month, according to a Wells Fargo analysis. The sales ...
While the sale of precious metals may seem like a departure from Costco’s traditional inventory, the move has proven to be a shrewd one as the 1-ounce bars continually sell out within hours of ...
Costco is becoming a go-to place for the discerning shopper of precious metals (not to mention Yukon Cornelius).. The retailer, whose 24-karat-gold bars were a hit with shoppers (and gave a big ...
Costco is trying to replicate its recent success with gold bars. It began selling $2,000 gold bars online in September and sold more than $100 million worth of the bars last quarter. But Costco ...
While not a typical outlet for the sale of precious metals, the members-only warehouse chain has seen its 1-ounce gold bars sell out faster than discounted 170-ounce jugs of laundry detergent ...
The gold rush at Costco is a very real thing. An analyst note from Wells Fargo estimates sales of the company’s gold bars currently account for between $100 million and $200 million per month.
Here's a case in point from the Wall Street Journal, which has a trend piece about the popularity of Costco's one-ounce gold bars among younger consumers: