Costco’s Gold Bar Sales Surging, Bringing in $200 Million Monthly
Costco’s foray into the gold market has been a massive success, with the retail giant estimated to be raking in as much as $200 million per month from its gold bar sales. The demand for 1-ounce gold bars has been so robust that the sales are now being described as a ‘cash cow’ for the company. Despite the surge in revenue, the impact on bottom-line profit is limited, but gold bars are proving to be a lucrative investment for Costco in the current economic climate.
Costco Offers 1-Ounce Gold Bars on Its Website, Sparking Interest Among Gold Enthusiasts
Costco, the popular bulk-goods retailer, has recently caught the attention of gold enthusiasts by offering 1-ounce gold bars for sale on its website. This move has sparked interest among individuals like Ron Williams, a retired Air Force production superintendent in…