Costco Gold Bars Flying Off Shelves as Shoppers Seek Inflation Hedge

Costco is selling 1-ounce gold bars from PAMP Suisse and Rand Refinery.
The gold bars are selling out within hours due to high demand. Costco limits purchases to 2 bars per member.
The bars are selling for around $1,950-$1,980, slightly above the current gold spot price.
Buyers like that Costco offers the bars for less than other retailers. Costco members can get additional cashback.
Gold is seen as a hedge against inflation and market volatility. The price of gold has increased 57% in the past 5 years.

cbsnews.com

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Posted 9/28/2023, 3:14:28 PM