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Costco Selling $200M of Gold Each Month

Posted on AllSides April 12th, 2024
From The Right
Richard Drew/AP

As the demand for safe-haven gold continues to build momentum, Costco is now selling as much as $200 million worth of one-ounce 24-karat gold bars each month, according to a report from Wells Fargo.

The big-box warehouse’s sales of 99.9% pure silver coins are also booming.

Gold prices scaled an all-time record peak of $2,400 Friday and were poised to post a fourth straight weekly gain as geopolitical risks and economic concerns surrounding China attracted robust demand.

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