OPINION | This article contains the author's opinion.
Costco has reportedly been selling out of gold bars on their website, as members have scrambled to get their hands on the investment.
“I’ve gotten a couple of calls that people have seen online that we’ve been selling one-ounce gold bars,” said CFO Richard Galanti.
Galanti informed investors that the gold bars are “typically gone within a few hours” and are limited to “two per member.” (Trending: As Fauci’s Net Worth Surpasses $11 Million, Americans Take A Closer Look At His Disturbing Lies)
GOLD RUSH: Costco can't keep up with demand as members clamor to get their hands on this coveted product. https://t.co/YIPoQAKsXb pic.twitter.com/UcfLSGRqsk
— Fox News (@FoxNews) October 4, 2023
The Rand Refinery 24-karat bar of gold runs $1,949.99, while Swiss supplier PAMP Suisse’s bars comes at a cost of $1,979.99.
“Purchased a gold bar recently and couldn’t be happier with my investment. The bar arrived promptly with impressively quick shipping. Upon inspection, it was immediately evident that the bar was in impeccable condition,” said a PAMP Suisse reviewer.
“Additionally, I truly appreciated that it came securely packaged in a sealed container, ensuring its purity and safety,” they added.
“All in all, a fantastic purchase and I’d highly recommend it to others seeking quality gold bars.”
The bars are currently out of stock on Costco.com.
Costco $COST said it's selling 1-ounce Gold Bars on its website, CFO Richard Galanti said the bars are in hot demand and don’t last long when in stock
CEO Craig Jelinek said Costco takes less than a 1% markup on the Gold and that it drives more people to the website – CNBC pic.twitter.com/H4fzD9RTAM
— Evan (@StockMKTNewz) September 27, 2023
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