Costco's initiative to sell gold bars has attracted significant attention, with sales reaching up to $200 million per month. However, buyers are discovering that gold is not as easily liquidated as purchased, leading to challenges in selling the bars.
Turns out that buying and quickly reselling Costco gold bars isn't a magical way to easily get rich quick. (Shocking, I know) https://t.co/hfW14NDMn5 https://t.co/CEr7vi3e1m
There's a gold rush happening... at Costco. https://t.co/MLTUyrEAhx https://t.co/c3CpFkQ9rb
Costco is selling up to $200m in gold bars per month (~80,000 oz). It’s a lot. For reference, China’s Central Bank bought $400m of gold in March (~160,000 oz). A funny side note: bunch of Costco members trying to rack up credit card rewards buying the bars and then re-selling… https://t.co/FOmnxSbs3w
Costco made buying a gold bar as simple as tossing it in a shopping cart. Selling it is a lot more complicated. https://t.co/DImMBTfPKT https://t.co/DImMBTfPKT
Costco made buying a gold bar as simple as tossing it in a shopping cart. But when it comes time to cash, many are learning a hard truth: Gold isn’t the most liquid asset. https://t.co/8JRHAlqj8X https://t.co/8JRHAlqj8X