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Title: Costco is experiencing rush on one ounce GOLD BARS selling for 'bargain' price of $1,949 each
Source: [None]
URL Source: https://www.dailymail.co.uk/news/ar ... o-one-ounce-GOLD-BAR-rush.html
Published: Sep 28, 2023
Author: Staff
Post Date: 2023-09-28 13:51:56 by Horse
Keywords: None
Views: 194
Comments: 2

that are disappearing from shelves within hours of being restocked

Fanatical Costco customers have been sent scrambling in recent weeks after a surprising product became a best seller - gold bars.

The brand is known for its out-of-the box range of bargain items, from titanic tubs of Nutella to caviar and saunas.

Now, in a surprising turn, a range of gold bars available online has seen customers clambering to get their hands on one of the nuggets - with two options weighing just 1 oz and costing in the region of $1,950.

The gold rush came as Costco pleased investors with promising quarterly returns this week.

On the earnings call Tuesday CFO Richard Galanti confessed: 'I’ve gotten a couple of calls that people have seen online that we’ve been selling one-ounce gold bars.'

'Yes, but when we load them on the site, they’re typically gone within a few hours, and we limit two per member,' he added.

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#1. To: Horse (#0)

Right now: Au 1861.855

Don't know how closely CC pricing follows the market.

Lod  posted on  2023-09-28   13:57:52 ET  Reply   Untrace   Trace   Private Reply  


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