Costco Gold Rush: Bulk Retailer Sells Millions in Gold Bars as Customers Scramble to Buy
- Costco selling up to $200 million per month in gold bars due to high demand and aggressive pricing
- Price of gold has increased 13% this year as investors seek shelter from inflation
- Costco gold bars sell out in seconds; website threads help customers track restocks
- Purchase limit raised from 2 to 5 bars per customer
- Low profit margin but high volume makes it worthwhile for Costco
