Why people are in a rush to buy gold at Costco
TODAY・2 minutes read
Gold bars are now available at Costco for $2,359, attracting buyers due to its 13% value increase this year amid high inflation and global instability. Costco's sales of gold bars and silver coins could reach $100-200 million monthly, offering a tangible investment opportunity for those interested in owning physical assets.
Insights
- Costco now sells 24-karat gold bars for $2,359, reflecting a 13% increase in gold's value this year, making it a sought-after investment amid economic uncertainty.
- Despite the impracticality for daily transactions, buying gold at Costco provides a tangible investment avenue, with sales potentially reaching $100 million to $200 million monthly, emphasizing the appeal of physical assets in times of instability.
Get key ideas from YouTube videos. It’s free
Recent questions
What is the price of gold bars at Costco?
$2,359
Why is gold considered a popular investment choice?
13% increase in value this year
How much are Costco's sales of gold bars and silver coins reaching?
$100 million to $200 million a month
Is purchasing gold at Costco practical for everyday transactions?
Not practical
What does buying gold at Costco offer to interested individuals?
Tangible investment opportunity
Related videos
The Food Theorists
Food Theory: Costco DOESN’T Save You Money!
Bloomberg Television
Novogratz Talks Bitcoin Surge and Ethereum ETF
Mystery Science
How is gold made?
WELT Documentary
MYTH OF GOLD: The Magic Metal Born from Stardust | WELT Documentary
It's AumSum Time
What if Gold Color Disappeared? + more videos | #aumsum #kids #science #education #children
Summary
00:00
Costco offers gold bars for investment.
- Gold bars are now available for purchase at Costco for $2,359, with a one-ounce bar made of nearly pure 24-karat gold.
- Gold has seen a 13% increase in value this year, making it a popular investment choice during times of high inflation and global instability.
- Costco's sales of gold bars and silver coins may be reaching $100 million to $200 million a month, with limited return policies in place.
- While purchasing gold at Costco may not be practical for everyday transactions, it offers a tangible investment opportunity for those interested in owning physical assets.
