Costco’s Gold Rush: How Shoppers Are Cashing in on Gold and Platinum Bars
Costco’s success with gold prompted the retailer to expand its offerings by introducing platinum bars at competitive prices.
Costco’s success with gold prompted the retailer to expand its offerings by introducing platinum bars at competitive prices.
According to a report from Kitco, the Costco’s gold bullion sales have become a significant driver of its online sales, with reports of double-digit increases in gold sales over the past three months.
Costco is now offering gold products more frequently, with some of the more popular bullion items being available daily.
On a recent trading day, Costco offer PAMP Suisse 1 oz Gold Bars for around $61 over that day’s gold price, which was a premium of around 2.6%. The lowest dealer price for the Lady Fortuna Gold Bar that day was around $76 over melt value, roughly 3.24%.
Costco has a “no returns” policy when it comes to the gold coins and bars that they sell. What are the best options when you’re looking to sell gold coins?
Costco has broadened its selection of precious metals, introducing an array of new coins and bars to cater to the growing interest in tangible assets. The addition includes a variety of gold and silver coins and bars from renowned mints around the world, making it easier for members to diversify their investment portfolios.
The new lineup features investment-grade bullion coins such as the American Gold Eagle, Canadian Maple Leaf, along with various sizes of gold bars from PAMP Suisse and the RAND Refinery.
Costco, best known for their $1.50 hotdog and soda combo, is now offering members additional investment-grade precious metals that are available to buy online.
The Costco warehouse club now periodically offers both Rand Refinery 1 oz Gold Bars and PAMP Suisse 1 oz Gold Bars available for sale on their website.
Buying gold bars from Costco may be a convenient option for some investors, but it is important to consider all factors, including the retailers pricing model, return policies and buyback options.