Costco selling as much as $200 million in gold bars monthly

8 months ago
67

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.

READ MORE: https://www.cnbc.com/2024/04/09/costco-selling-up-to-200-million-in-gold-bars-a-month-wells-fargo-estimates.html

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

Loading comments...