A major retailer is reportedly raking in more than $300 million a month from selling gold bullion bars as the price of the precious metal soars. Costco has struck gold by selling its one-ounce bullion bars — so much so that the big-box retailer is reportedly raking in as much as $200 million a month as the price of the precious metal skyrockets.
Though Costco doesn’t disclose its price for the nearly pure 24-karat gold bars to nonmembers, it’s estimated that the wholesaler tacks on a 2% charge above the spot price, which as of Wednesday morning was around $2,340 an ounce. That would put the price at Costco at nearly $2,400. Costco’s gold bars have become so sought-after that they sell out in seconds — and there are Reddit threads dedicated to scoring one.
Costco Gold Bullion Bars Precious Metal Revenue Pricing Customer Trust
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