Costco Sees Gold Rush as Customers Stock Up on Precious Metals as Inflation Hedge
• Costco seeing huge demand and sales for gold bars, over $100 million sold in a quarter • Buyer Blaine Silverman purchased a 1 oz gold bar from Costco, says they sell out very quickly online when in stock • Costco recently began selling tubes of Canadian Maple Leaf silver coins, sales estimated at $100-200 million per month • Silverman buys gold and silver as inflation hedge and due to devaluation of U.S. currency • Considers precious metals real money, calls dollar bills "debt notes"