Costco is experiencing rush on one ounce GOLD BARS selling for 'bargain' price of $1,949 each

Source: https://www.dailymail.co.uk/news/article-12568097/Costco-one-ounce-GOLD-BAR-rush.html
Published: Sep 28, 2023
Author: Staff
Post Date: 2023-09-28 13:51:56 by Horse
Views: 260

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: Lod    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   Reply   Private Reply


#2: Esso    To: Horse, 4um (#0)

Costco is experiencing rush on one ounce GOLD BARS selling for 'bargain' price of $1,949 each

Apmex is selling for about the same. $75 over spot, down from $100.

Esso posted on 2023-09-28 13:59:50   Reply   Private Reply