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Costco rakes in up to $200m monthly by selling gold bars, experts call it 'smart move' - Vimarsana News

Costco rakes in up to $200m monthly by selling gold bars, experts call it 'smart move'

When Costco first started selling gold in October 2023, CFO Richard Galanti said that bars being sold online were “typically gone within a few hours”

Gold bars selling fast at Costco, bringing in as much as $200M a month, reports say - Vimarsana News

Gold bars selling fast at Costco, bringing in as much as $200M a month, reports say

The wholesale retailer began selling the 1-ounce, 24-karat gold bars for just under $2,000 each to members in 2023.

What Costco's Gold Bar Bonanza Tells Us About the Economy - Vimarsana News

What Costco's Gold Bar Bonanza Tells Us About the Economy

Costco's gold bar sales are booming, reaching up to $200 million per month, reflecting investor concerns about inflation and economic uncertainty.

Canadian Authorities Question QuadrigaCX Co-Founder on Source of Funds - Vimarsana News

Canadian Authorities Question QuadrigaCX Co-Founder on Source of Funds

Canadian authorities have filed a third “unexplained wealth order” application against QuadrigaCX co-founder to explain source funds.

India's army of gold refiners face new competition - Vimarsana News

India's army of gold refiners face new competition

India has thousands of small gold refineries which are facing more competition from big players.

Source: yahoo.com