Costco, gold bars
Wells Fargo's Edward Kelly wrote that the low prices of the gold bars and silver coins meant they probably brought in ...
"As a small portion of one’s portfolio, gold could serve as a hedge against inflation, but don’t bet the farm on it." ...
Wells Fargo said it views "the addition of gold/silver as a smart move for Costco, as it only reinforces its value position" ...
Costco is making $100 million to $200 million a month by selling gold bars, according to a Wells Fargo equity research note.
An analyst note from Wells Fargo estimates sales of the company’s gold bars currently account for between $100 million and ...
The wholesale retailer began selling the 1-ounce, 24-karat gold bars for just under $2,000 each to members in 2023.
Interest in gold has increased since Costco began selling the metal in October. The market for it hasn't been affected by the ...
Costco bet on gold in a big way last summer by selling one ounce, pure 24-karat bars, and now the company is reaping in the ...
Investors drove gold prices to a record high on Friday, the latest surge in a 17% rally so far this year. Over that period, ...
Costco is making $100 million to $200 million a month by selling gold bars, according to a Wells Fargo equity research note.