Costco's Gold Bars Fly Off Virtual Shelves Within Hours

Costco sells 1-ounce gold bars from Rand Refinery and PAMP Suisse for around $2,000 each.
The gold bars typically sell out within hours of being posted on Costco's website.
Costco limits purchases to 2 bars per membership.
Customers report struggling to get the gold bars before they sell out.
The gold bars can't be returned or refunded according to Costco's listings.

yahoo.com

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9/29/2023

Gold and Bitcoin Shine as Economic Uncertainty Fuels Investor Demand for Alternative Stores of Value

Costco rapidly sold out of gold bars as investors turn to traditional safe-haven assets like gold during economic uncertainty and rising inflation, but the performance of gold is being overshadowed by Bitcoin's impressive gains and lower equivalent inflation rate.