Why people are in a rush to buy gold at Costco
TODAY・4 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.
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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
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Summary
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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.
