Costco's Golden Obsession: Bullion and Bulk Buying

<p>Costco's CFO Richard Galanti spilled the golden beans recently,
revealing that 1-ounce gold bars are the item du jour for savvy shoppers at
Costco this holiday season. Move over, oversized teddy bears and
industrial-sized tubs of mayo, high-purity gold has joined the party.</p><p>A Gold Rush in the Aisles</p><p>Customers are flocking to <a href="https://www.costco.com/" target="_blank" rel="nofollow">retail giant</a> Costco, not just for their supersized cereal
boxes, but for a more sophisticated investment – 1-ounce gold bars. Last
quarter's sales hit an impressive $100 million, according to the company, proving
that in the pursuit of riches, people aren't just buying in bulk, they're
investing in <a href="https://www.financemagnates.com/tag/gold/" target="_blank" rel="follow">gold</a>, one bar at a time.</p><p>But, Wait! There's More</p><p>These South African-made gold bars come with a price tag of $2,069.99,
a mere $35 above the market rate for an ounce of gold. Before you head to your
local Costco with visions of gold bars dancing in your head, there's a catch –
these treasures are exclusively available online. Only Costco members can get
their hands on them.</p><blockquote><p lang="en" dir="ltr">Costco sold $100 MILLION of gold bars in the most recent quarter – but were they WORTH the investment? <a href="https://t.co/2sIBJDhHDy">https://t.co/2sIBJDhHDy</a> <a href="https://t.co/C8EeFi1uTP">pic.twitter.com/C8EeFi1uTP</a></p>— Daily Mail Online (@MailOnline) <a href="https://twitter.com/MailOnline/status/1735812499327344798?ref_src=twsrc%5Etfw">December 16, 2023</a></blockquote><p>Membership Has Its Privileges</p><p>Costco members can order up to two gold bars each, but there's no
turning back once the deal is sealed – no returns on these precious metal
investments. If you’re a member, move quickly, as these glittering treasures
tend to vanish faster than the latest tech gadget at a Black Friday sale.</p><p>The Bigger Picture</p><p>As the price of gold flirted with $2,100 per ounce for the first time
recently <a href="https://www.financemagnates.com/forex/golden-horizons-unraveling-the-resurgence-of-a-precious-metal/" target="_blank" rel="follow">following a surge in demand</a>, analysts speculated about the Fed cutting interest rates and a
potential weakening of the dollar in the spring. The allure of gold remains strong
for investors seeking refuge from dwindling yields on savings accounts and
bonds. So, if you're in the market for gold bars, Costco might just be your
unexpected one-stop shop.</p>

This article was written by Louis Parks at www.financemagnates.com.