Premium Only Content
Costco selling as much as $200 million in gold bars monthly
Gold sales at Costco have become a lucrative venture for the retailer, with analysts estimating monthly revenue to range between $100 million to $200 million.
Since its introduction in late summer 2023, Costco’s gold bars, priced slightly above the spot price, have seen significant demand attributed to competitive pricing and customer trust.
Despite being limited to five bars per customer, the sales contribute about 3% to general merchandise revenue but offer minimal profit due to low margins and additional cashback benefits for members.
However, amidst rising inflation and geopolitical uncertainties, gold remains an attractive investment, serving as a hedge against various economic risks, CNBC reported.
Links for B.C.
Visit My Website
https://bcbegley.com
Follow Me On Facebook
https://www.facebook.com/B.C.Begley
Subscribe To My Patreon
https://www.patreon.com/bcbegley
Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A
Follow Me On Twitter
https://twitter.com/BC_News1
Watch Me On Rumble
https://rumble.com/c/c-280191
Follow Me On Gab
https://gab.com/BC_Begley
Follow Me On Truth Social
https://truthsocial.com/@BC_Begley
#Gold #Inflation #Economy
-
0:50
B.C. Begley
15 hours agoChipotle is raising US prices after promising bigger portions
61 -
1:17:15
Squaring The Circle, A Randall Carlson Podcast
1 day ago#030 The Apocalypse Unsealed Pt 1 - Squaring the Circle: A Randall Carlson Podcast
13.7K15 -
59:45
Trumpet Daily
1 day ago $6.77 earnedNobody Cares What Obama Says Anymore - Trumpet Daily | Dec. 6, 2024
10.8K34 -
8:26
America First Policy Institute
1 day agoAmerica First Weekly Rundown | Immigration Laws, Fentanyl Crisis, & Diplomacy in Ukraine #news
4.55K -
1:01:28
PMG
16 hours ago $0.72 earned"Can Biden Preemptively Pardon Fauci & Cheyney? And Updates On Health"
4.08K2 -
2:07
Memology 101
10 hours ago $0.66 earnedShe CAN'T be serious...
3.88K30 -
10:19
Good Kid Productions
1 month agoCali's 'Racial Justice Act' is Letting Gangsters Go Free (mini-doc)
38.4K19 -
9:07
Ethical Preparedness
1 day ago $0.33 earnedBleeding Out After SHTF? The Weed in Your Backyard that INSTANTLY HALTS Bleeding - Prepper Medicine
2.31K7 -
53:04
CutJibNewsletter
1 day ago $0.13 earnedTis the Season for Deep-State RINO Treason Episode
1.57K1 -
9:33
Colion Noir
17 hours agoCaught On Video: United Health Care CEO Fatally Shot Execution Style With Silencer In NYC
79.9K135