Gold Bar Sales at Costco
Costco has been selling gold bars alongside its usual products, with sales reaching up to $200 million per month. The surge in gold bar sales is attributed to economic turmoil, geopolitical concerns, and convenience for buyers. While Costco's gold sales contribute to its revenue, it may not be a high-profit business due to pricing and shipping costs.
Key Points
- Sales of gold bars at Costco have surged up to $200 million per month
- The surge is driven by economic turmoil, geopolitical concerns, and convenience for buyers
- Costco's e-commerce sales grew 18% due in part to demand for precious metals
Pros
- Provides convenience for buyers by allowing them to physically pick up gold bars from the store
- Contributes to Costco's revenue and e-commerce growth
- Offers an alternative investment option for customers
Cons
- Gold prices can be highly volatile, leading to potential investment risks
- Not a high-profit business for Costco due to pricing and shipping costs