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”
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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”
The wholesale retailer began selling the 1-ounce, 24-karat gold bars for just under $2,000 each to members in 2023.
Costco's gold bar sales are booming, reaching up to $200 million per month, reflecting investor concerns about inflation and economic uncertainty.
Canadian authorities have filed a third “unexplained wealth order” application against QuadrigaCX co-founder to explain source funds.
India has thousands of small gold refineries which are facing more competition from big players.