- SUMMARY
Imagine a time when people panned for gold with crude tools, hoping to strike it rich.
Today, believe it or not, you can walk into your friendly neighborhood Costco and purchase a one-ounce bar of nearly pure 24-karat gold for just over $2,350.
Financial influencer Humphrey Yang decided to give this golden opportunity a try, and here’s his take: “People have always been interested in gold.
It’s making headlines at Costco, but people often wonder if it’s a good way to protect their savings during times of high inflation and global instability.”
As it turns out, gold has been performing well lately, outpacing the stock market’s gains.
Some financial experts believe that this gold rush at Costco isn’t a bad investment, but it also shouldn’t be your sole financial strategy.
Costco has declined to provide official sales figures, but analysts estimate that they’re selling between $100 million to $200 million worth of gold bars every month.
However, buyer beware: Costco doesn’t offer returns on gold, and selling it back for a good price can be tricky.
While it may not be as practical as exchanging your gold bar for a Macbook at the Apple store, it’s certainly unique and intriguing to own something tangible and valuable like gold.
For those who are just looking for a touch of pirate-inspired excitement, Costco has become the modern-day treasure trove for golden dreams.
Just be aware that finding a gold bar in stock at Costco might be a bit of a hunt.
Some shoppers have found success, but others have come up empty-handed.
If online ordering doesn’t yield results, you may have to channel your inner 49er and dig a little deeper.
- Key Takeaways
Gold has outperformed the stock market lately and is considered by some experts as a good investment.
Gold has been performing well lately, outpacing the stock market’s gains.
Costco gold bar sales are estimated to be between $100 million to $200 million per month.
Analysts estimate that Costco is selling between $100 million to $200 million worth of gold bars every month.
Costco does not offer returns on gold.
You may have to channel your inner 49er and dig a little deeper.