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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 ...
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 ...
Costco has made gold bars convenient, but spending around $2,000 on a physical ingot is a lot of money. Costco's gold can only be bought online, and only by members. There's a certain attraction ...
1 troy ounce (31 g) gold bar with certificate. The most traditional way of investing in gold is by buying bullion gold bars. In some countries, like Canada, Austria, Liechtenstein and Switzerland, these can easily be bought or sold at the major banks. Alternatively, there are bullion dealers that provide the same service.
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 standard gold bar held and traded internationally by central banks and bullion dealers is the Good Delivery bar with a 400 ozt (12.4 kg; 27.4 lb) nominal weight. However, its precise gold content is permitted to vary between 350 ozt (10.9 kg; 24.0 lb) and 430 ozt (13.4 kg; 29.5 lb).
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