Costco had 100-gram gold bars for $7,600. They sold out in less than a day.

Sharing is Caring!

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.

See also  Manhattan's only Costco raided by shoplifters

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.

See also  Weird Costco - Costco Prison? 15 Minute Cities? Homelessness Criminalized

www.msn.com/en-us/money/markets/costco-had-100-gram-gold-bars-for-7600-they-sold-out-in-less-than-a-day/ar-BB1ptIJU

Views: 131

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.