Gold Bar Sales Are Surging at Costco. Why? - The New York Times
WEBApr 11, 2024 · Costco is now selling one-ounce, 24-karat gold bars, according to its online store. The bars can be purchased only by members, and the price varies based on market rates.
Costco still selling gold bars like hotcakes as prices surge
WEB2 days ago · Costco began selling gold bars in the fall of 2023. Wells Fargo analysts have estimated Costco is selling $100 million to $200 million in gold bars each month. The most recent gold...
Costco makes hundreds of millions on 24-karat gold bar sales
WEBApr 11, 2024 · In a new equity research note from Wells Fargo, the bank estimated Costco has generated $100 million to $200 million per month in gold bar sales.
Costco sells $100 million in gold bars amid inflation fears - CBS News
WEBDec 15, 2023 · The membership-based wholesale retailer sold an eye-popping $100 million in one-ounce gold bars last quarter, Costco CFO Richard Galanti said Thursday in an earnings call.
Costco sold more than $100 million in gold bars last quarter
WEBDec 15, 2023 · Costco has found a new hit with online shoppers — gold. The retail warehousing giant sold more than $100 million of the precious metal in its fiscal first quarter, which ended Nov. 26, Costco...
Costco selling as much as $200 million in gold bars monthly ... - CNBC
WEBApr 9, 2024 · Gold has turned into money for Costco, where yellow metal sales begun last year have turned into a cash cow for the big-box retailer.
Costco gold bar sales top $100 million in quarter leading to …
WEBDec 15, 2023 · Retail giant Costco announced Thursday that it had sold over $100 million in gold bars in the first fiscal quarter of 2024, according to CNBC.
Costco gold bars: Here's what's behind the demand | AP News
WEBOct 4, 2023 · In a company earnings call last week, CFO Richard Galanti said the gold bars, sold exclusively online, are “typically gone within a few hours” of appearing on Costco’s website — adding that there’s a two-bar limit per member. As of Wednesday, they remained sold out.
Costco is selling gold bars, and they're selling out within hours
WEBApr 10, 2024 · The Costco bars are selling for slightly more than the spot price of gold, which stood at $1,875 an ounce on Thursday, according to financial data firm FactSet. Costco customers appear to be fans...
Costco gold bars are selling for a fair price, and fast, CFO says
WEBOct 3, 2023 · Costco is now selling one-ounce gold bars to members only online and they are selling out fast, at a price that's in line with market rates.