Connect with us


January 1, Costco Strikes Gold: Record Sales in Bullion Reflect Economic Uncertainties



In a surprising twist, Costco has emerged as a formidable player in the gold market. The company revealed in a recent earnings call that its sales of gold bars soared past $100 million in the first quarter of 2024.

This remarkable achievement is part of a broader success story, with the company experiencing a 6.1% increase in sales from the same quarter the previous year. In a move reflecting this prosperity, Costco announced a substantial special dividend of $15 per share.

Exclusive to its members, Costco offers one-ounce gold bars, limiting purchases to two bars per customer. These bars, which are the PAMP Suisse Lady Fortuna Veriscan and Rand Refinery bars, are made from 24-karat gold and retail for $2,069.99 on Costco’s website. As per the product details, these bars are delivered via UPS and include certificates of authenticity and lab analysis reports, ensuring their quality and authenticity.


Millions of Americans know NOTHING about this…

And it’s possible that government officials want to keep this hidden…

>>See how a “glitch” in the IRS tax code lets you collect $10,000 or more.

The financial markets have reacted positively to this news, with Costco’s stock, traded under the symbol COST, reaching an all-time high. On Friday, the stock peaked at $661.88 before closing at $658.82, up 4.45% for the day. This performance is a continuation of an upward trend observed over the past year, with Costco’s stock appreciating by over 47% from its early January low.

Gold prices themselves have seen significant fluctuations in 2023, occasionally dropping below $1900 and exceeding the $2,000 mark on several occasions. The current price hovers around $2,018.19. Over the last five years, gold has consistently increased in value, climbing from approximately $1,200 an ounce in 2019.

Market analysts, including those from Investopedia, note that gold prices are influenced by a range of factors such as supply and demand dynamics, interest rates, overall market volatility, and perceived investment risks.

Secure Your Wealth: Start Investing in Gold Now! Click to discover how gold can strengthen your financial portfolio in these uncertain times.

Jonathan Rose, co-founder of Genesis Gold Group, suggests that the current economic uncertainties, characterized by inflation, a tough real estate market, and diminishing trust in financial institutions, are driving people towards gold as a stable investment option.

Rose states, “The outlook for stability in the market isn’t good and people want a [tangible] asset that’s going to be a safe haven. That’s what gold and silver provide.”

This trend underscores a growing preference for tangible assets as a hedge against the volatility of the cash market.

Why It Matters (op-ed)

The Costco gold rush is more than just a business success story. It’s a clear indicator of the public’s growing unease with the economic landscape.

Costco selling gold bars is not just about diversifying product offerings; it’s about tapping into a deep-seated desire for financial security among consumers.

In a world where traditional investments are increasingly viewed as volatile or unreliable, gold stands out as a beacon of stability.

What’s particularly striking is how mainstream the appetite for gold has become, transcending the usual investor circles.

Costco’s success in selling gold is not just about gold itself. It’s a reflection of a broader societal shift towards tangible assets in an era of economic unpredictability.

This phenomenon should be a wake-up call for policymakers about the underlying anxieties driving these market trends.


Thanks to forgotten 50-year-old legislation, often ignored by investment advisors, gold bugs, and silver hounds…

You can now collect $10,000 or more in free silver.

>>Show me how to collect $10,000 or more in free silver.

As our loyal readers, we encourage you to share your thoughts and opinions on this issue. Let your voice be heard and join the discussion below.


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *