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
-
0:58
B.C. Begley
15 minutes agoEurope’s Vega-C rocket launches Earth-observation satellite
-
1:00:08
PMG
1 day ago $0.19 earnedBiden Wants To Pardon Fauci?! FOR WHAT??!!
3834 -
1:22
SLS - Street League Skateboarding
3 days agoAkio Homma on Instant Skateshop and the future of Japanese Skateboarding - Kona Spotlight
68.7K4 -
LIVE
RanchGirlPlays
16 hours agoThe Gleaming Depths Raid in Fallout 76 is so Good, Get in Here! 💥💚
456 watching -
1:33:06
The Quartering
4 hours agoTikTok BAN UPHELD, Daniel Penny Jury DEADLOCKED, United CEO Assassin Update & Pardons For Fauci?
56.3K15 -
11:34
Silver Dragons
3 hours agoFREE MONEY from the US Mint in 2025? BEST COINS REVEALED
3.28K5 -
LIVE
ResidentDewy
6 hours agoTime to get HYPED! 2pm est POE2 Early Access Grind Begins!
275 watching -
9:59:39
Father Russell
12 hours agoDelta Force | Juiced Out Of Our Minds | Update On UFO's
33.1K4 -
49:51
Ben Shapiro
5 hours agoEp. 2099 - The EVIL Revolutionary Left Cheers Murder
65.9K86 -
1:28:43
Russell Brand
6 hours agoAaron Siri REVEALS the Shocking Truth Behind Vaccine Trials – SF509
165K322