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While the sale of precious metals may seem like a departure from Costco’s traditional inventory, the move has proven to be a shrewd one as the 1-ounce bars continually sell out within hours of ...
The exact gold bars that Costco offers are 1 ounce gold PAMP Suisse Lady Fortuna Versican bars. The one-ounce bars go for just under $2,000, depending on the time of purchase, according to ...
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.
It began selling $2,000 gold bars online in September and sold more than $100 million worth of the bars last quarter. But Costco’s move is more about marketing than just about increasing sales.
“The wholesale retailer began selling gold online in September and 1 oz. gold bars on Friday were going for $2,069.99, with a limit of two bars per Costco membership,” CNN says.
The Wall Street Journal reported that one Costco member purchased a bar for $2069, which was a few dollars below gold’s spot price at the time. Costco also sells 99.9% pure silver coins, per the ...
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