Costco Reportedly Sells $200 Million in Gold Bars Monthly
Ben Mitchell • August 19, 2024
Today we’re going to be talking about why a retailer like Costco is selling gold.
Wells Fargo recently estimated that Costco is selling as much as $200 million in gold bars monthly. That amount of money in the gold market is not unusual.
But what is unusual is that people are buying their gold from a place like Costco, rather than from a metals dealer.
So why is this trend happening, and what can it tell us about the gold market? Let’s get into it.
*The CNBC article mentioned: “Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimates” https://cnb.cx/3SFmoQt
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