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One of Costco’s newest merchandise items has been selling out within a matter of hours, CFO Richard Galanti said on an earnings call Tuesday. “I’ve gotten a couple of calls that people have seen online that we’ve been selling one-ounce gold bars,” Galanti told investors during the retailer’s fourth-quarter earnings call. “Yes, but when we […]
When Costco lists gold bars for sale online, "they're typically gone within a few hours and we limit two per member," its CFO told investors.
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The retail giant is selling 1-ounce gold bars—but would-be buyers need to act fast.
Costco is renowned for its bargains, from super-cheap maple syrup to 72-lb cheese wheels and 8-foot teddy bears—but now, the wholesaler is offering an…