Costco has seen a surge in gold sales, with U.S. retail customers buying up to $200 million per month in gold bars. The trend is attributed to Reddit posts, quick online sell-outs, and robust monthly e-commerce activity.
$200 million a month in #gold bullion sales at Costco $COST? Why are Americans hoarding so much gold? Answer: bad times ahead $GLD $GOAU #Bullion #GoldBars #preciousmetals https://t.co/MMYxxRDF9t
Gold has turned into money for Costco, where yellow metal sales began last year have turned into a cash cow for the big-box retailer. https://t.co/sbToHZrMrL
Gold has turned into money for Costco, where yellow metal sales begun last year have turned into a cash cow for the big-box retailer https://t.co/BL3MnEFZLe
The gold rush in aisle four: Costco shoppers stock up on precious metals along with their groceries https://t.co/RBGpPul2QG via @WSJ
At least there are some Westerners buying gold (U.S. retail - up to $200 million per mo. in gold bars through Costco, but not U.S. & London institutional investors). “The accelerating frequency of Reddit posts, quick on-line sell-outs of product, and COST’s robust monthly eComm…