In a striking display of shifting consumer behavior, Costco (COST) Wholesale gold bars are disappearing from shelves faster than they can be restocked. During the first week of October ...
The gold rush that started last year at Costco locations across the U.S. is continuing as bars keep selling at a time when bullion prices are soaring, according to a Bloomberg survey. Costco’s ...
Costco shoppers are snatching up the store’s 1-ounce gold bars despite ... call that the bars were “typically gone within a few hours” after being listed for sale online.
Gold’s breathtaking ... Today, each bar is worth about $700 more. Signs of robust bullion demand at Costco won’t move prices because sales volumes aren’t large enough, according to Philip ...
Costco appears to have found a revenue mine with sales of gold bars, as a survey found that some warehouses are unable to keep them on shelves. Bloomberg found that 77% of the 101 stores it ...
Costco CFO Richard Galanti revealed during an earnings call that the bars were “typically gone within a few hours” after being listed for sale online. Investors often turn to gold as a hedge ...