US EditionCostco is seeing a gold rush. What's behind the demand for its 1-ounce gold bars?
- Costco experiences high demand for gold bars that sell out quickly on their website, with a limit of two bars per member.
- Jonathan Rose of Genesis Gold Group explains that people are investing in gold as a safe haven and to protect their wealth amid uncertainty and concerns about the U.S. Dollar.
- David Wagner III argues against gold as an effective investment, suggesting that there are more efficient ways to protect against capital loss.
24 Articles
24 Articles
Costco is seeing a gold rush. What's behind the demand for its 1-ounce gold bars?
NEW YORK (AP) — Looking for something to add to your Costco cart along with the 30 rolls of toilet paper? How about a bar of gold? 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. In a company earnings call last week, CFO Richard Galanti said the gold bars, sold exclusively online, are “typically gone wi…
Costco is seeing a gold rush. What’s behind the demand for its 1-ounce gold bars?
Looking for something to add to your Costco cart along with the 30 rolls of toilet paper? How about a bar of gold? 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. In a company earnings call last week, CFO Richard Galanti said the gold bars, sold exclusively online, are “typically gone within a few hours…
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