Post by gato on Dec 16, 2023 6:59:35 GMT -5
Known for selling goods in bulk, Costco’s latest such offering – gold bars – has proved a hit, with $100m worth sold in the most recent quarter, Business Insider reported.
With demand for the precious metal rising globally amid the economic uncertainty of the past few years, Costco in September began selling 1oz (28g) bars of 24-karat gold exclusively online, with Costco members eligible to buy two apiece. The retailer has more than 72m paid memberships.
Each new release of gold bars usually sells out “within a few hours”, AP reported the Costco CFO, Richard Galanti, saying in a September company earnings call.
--The Guardian
With demand for the precious metal rising globally amid the economic uncertainty of the past few years, Costco in September began selling 1oz (28g) bars of 24-karat gold exclusively online, with Costco members eligible to buy two apiece. The retailer has more than 72m paid memberships.
Each new release of gold bars usually sells out “within a few hours”, AP reported the Costco CFO, Richard Galanti, saying in a September company earnings call.
--The Guardian
