Costco’s largest gold product is a 100-gram bar from PAMP Suisse that last sold for $7,599.99.
The jumbo-sized bar was briefly available this week, but sold out in less than a day.
The quick sellout shows just how strong demand still is for Costco’s precious metals business.
Costco has been selling gold and silver at a rate of $200 million per month, per analyst estimates, and it’s showing no signs of slowing down.
Look no further than this week’s sell-off of the company’s largest gold product: 100-gram bars of 24-karat gold from PAMP Suisse that last sold for $7,599.99.
Weighing as much as three and a half standard coins, the two-square-inch slabs cost as much as a high-mileage used car.
The price didn’t dissuade gold buyers, who snapped up the stash of 100-gram bars in less than a day. It’s unclear how many units were in this release, but the product listing shows dozens of reviews from verified customers.
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