Costco, an Issaquah-based retailer, has significantly expanded its product offerings by selling nearly pure 1-ounce bars of 24-karat gold, generating substantial revenue both online and in stores. According to Wells Fargo estimates, the company is now selling up to $200 million worth of gold bars each month. This venture began last year and has quickly turned into a lucrative business for the retailer, with sales reaching up to $2.4 billion annually. The gold bars, priced at about $2,000 each, have been selling out quickly, prompting Costco to also include silver coins in its inventory. This surge in gold sales reflects a larger trend of Americans purchasing precious metals amid inflation and economic uncertainty. The success of Costco's gold sales has also led to discussions among customers and online communities about the potential for the retailer to expand into other areas, such as cryptocurrency exchanges.
What lol? I can’t say I’ve seen gold bars at the Costco I shop at https://t.co/7xRG3cQdms
#Costco #Gold Business Booming: Estimations Put Monthly Sales Close to $200 Million https://t.co/t6csmYi6ZM
Issaquah-based Costco is selling up to $200 million worth of gold and silver each month online, according to an analysis from Wells Fargo. https://t.co/auG9PyLHSk
Costco is selling out gold bars online and in stores. We're all clicking signatures to pool our RSICs together. Same same, but different.
COSTCO IS NOW SELLING AS MUCH AS $2 BILLION DOLLARS WORTH OF GOLD BARS ANNUALLY ACCORDING TO WELLS FARGO $COST
Costco makes hundreds of millions on 24-karat gold bar sales https://t.co/F20AOBnRr5 https://t.co/asdBy9lu5T
Costco is selling lots of gold; should you be buying? How this gold rush impacts the market https://t.co/iwNFuPBvNJ
In a new equity research note from Wells Fargo, the bank estimated Costco has generated $100 million to $200 million per month in sales by selling 1-ounce nearly pure 24-karat gold bars priced at about $2,000. https://t.co/LF1VX4oG9y
Costco $COST March sales 'were pure gold' - Wells Fargo https://t.co/8jZceRlDNK https://t.co/GqqUIQ20cn
Buying a Gold Bar from Costco $COST https://t.co/Z2OjQbpScY
Costco members have struck gold at the big box retailer, which sells 24-karat 1-ounce gold bars. https://t.co/BmhDi9ECCZ
Costco may be known for exclusive pricing on everything from high-end spirits to food court hot dogs, but an influx of members are going for gold. https://t.co/eY6mmSd5oW
Costco may be selling up to $200 million worth of the bars each month, according to a Wells Fargo analysis. https://t.co/CqYlynmxID
Costco may be selling up to $200 million worth of gold bars and silver coins each month, according to a Wells Fargo analysis. They sell out quickly, and customers trade advice online about how to purchase them. https://t.co/Soe8EvSzP3
“Why Are Gold Bar Sales Surging at Costco?” Article; https://t.co/kFEfFMWZVV
Alongside its $1.50 hot dog and soda combo, gallon tubs of mayonnaise and value packs of socks, Costco, the warehouse retailer, has been selling gold bars since October. https://t.co/snif4pfUR7
ICYMI: Costco Reportedly Selling More Than $100M Worth of Gold Each Month | Click to read more 👇 https://t.co/7LMlOqwRvu
A report from Wells Fargo says 1-ounce gold bars are now generating up to $200 million a month in sales for Costco, reflecting a larger trend of Americans purchasing the precious metal amid inflation and economic uncertainty. https://t.co/w75EhsxrLX https://t.co/oJ9f19jCJI
🇺🇸 Costco now sells up to $200 million a month in gold and silver https://t.co/Oqatwhmloq
Sales of gold bars are surging at Costco! 💸 A report from Wells Fargo says purchases of one-ounce gold bars are now generating up to 200 million dollars a month in sales. @trevorlault has more on what's behind this modern-day gold rush. https://t.co/93u7vRdzfK
Costco has been selling $200M in gold bars per month according to Wells Fargo… My question for Costco - Wen Crypto Exchange?🤔 https://t.co/4pZHogu2Q2
#Costco rakes in up to $200m monthly by selling gold bars, experts call it ‘smart move’ https://t.co/ziqJlbHgeG https://t.co/KtXYMmh1UV
Costco Reportedly Selling More Than $100M Worth of Gold Each Month | Click to read more 👇 https://t.co/kAkmpEqGwe
Costco's gold bar sales are generating between $100 million to $200 million a month, per a Wells Fargo equity research note out this week. https://t.co/NF4RxRAAbw
Shoppers are heading to Costco for more than just budget-friendly hot dogs. The warehouse club has seen a spike in sales ever since it began selling 1-ounce bars of 24-karat gold last September. https://t.co/VkNCGljqyC
Costco is said to be selling $200 million Gold bars every month. $GC $COST
Americans who bought a gold bar from Costo last year are now $400 in profit - as it emerges retailer sells $200 million of the bars EVERY MONTH https://t.co/joQDLksw1x https://t.co/UhC2iPiAVw
Costco has seen a spike in sales ever since it began selling 1-ounce bars of 24-karat gold. With the gold bullion selling out faster than the store could replenish its stock, the wholesale giant has expanded its precious metals to include silver coins. https://t.co/ukfhIAH6eQ
Costco shoppers are buying gold at an incredible pace. https://t.co/fpLwBy5lU2
Costco's gold bars generate jaw-dropping revenue for the retailer, despite the club being known for its pricing on bulk items. https://t.co/igYTUOj9Q8
Costco's gold bars earn company up to $200 million monthly, analysts say https://t.co/zhVC7DLXqr via @usatoday
Costco selling as much as $200 million in gold bars monthly. @scottlincicome how are you transporting all this bullion https://t.co/SsPc3CevDq
Costco selling as much as $200M in gold bars per month, Wells Fargo estimates https://t.co/uAmbj6wiAq https://t.co/zJYgj3k5be
NEW: Costco is selling $200 Million In gold bars each month - Wells Fargo It's probably nothing. Everything is fine... #Bitcoin 👀 https://t.co/qDN920sdhm
🇺🇸 Costco's gold bars earn company up to $200 million monthly, analysts say https://t.co/xFaECMSHQa
Costco selling up to $200 million in gold bars each month, Wells Fargo est @CNBC https://t.co/c5ImHYxnKi
Costco selling up to $200 million in gold bars each month, Fargo estimates. Follow: @AFpost https://t.co/wSO8lGeUmh
Is Costco already one of the largest bullion dealers in the world? Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimates (CNBC) Gold has turned into money for Costco, where yellow metal sales begun last year have turned into a cash cow for the… https://t.co/J5WwnPLi3A
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
TIL Costco sells $2.4 billion worth of gold bars per year. https://t.co/qg3lQnc7O9
Costco's gold bars earn company up to $200 million monthly, analysts say https://t.co/VFJvL1VVtg
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/wqIekuhhMO
Wells Fargo estimates that Costco is now selling as much as $200 million in gold bars every month $COST
"Costco selling up to $200 million in gold bars a month, Wells Fargo estimates" https://t.co/2GWeCtE3CY
$COST Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimates https://t.co/ONa9Gu8jIH
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…
GOLD: Wells Fargo estimates that Costco is now selling as much as $200 million in gold bars every month
PAMP It: Costco Selling Up To $200 Million In Gold Bars Per Month, Wells Fargo Estimates https://t.co/Ilq47tSTnc
Wells Fargo estimates that Costco is selling as much as $200 MILLION in gold bars monthly. It is a miracle, a gold rush at Costco. Let’s go 💪 Please get a hot dog on the way out alongside popcorn.
The big winner from gold's recent rally? Costco. August: Starts selling one-ounce gold bars at 2% above market price December: Bars generate $100 million in their first quarter March: Gold jumps 8%, up 14% YTD April: Gold hits record highs, Costco now generating $100-$200… https://t.co/J95Ca6h9yi
$COST Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimates per @CNBC Who's buying? https://t.co/9hVXM2z0n7
Costco, $COST, selling as much as $200 million in gold bars monthly, Wells Fargo, $WFC, has estimated.
Costco is selling a lot of Gold https://t.co/JSTlqo216J
Costco $COST may now be selling $100 Million - $200M of Gold Bars every month according to Wells Fargo estimates - CNBC https://t.co/P4Bzmt8Crs
Costco is now selling $200 million in gold bars every month. https://t.co/P6z6N6RwHX
Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimates https://t.co/2BOI5irP32
Costco's gold bars are pretty cool—but young people are probably buying Bitcoin instead. https://t.co/x1pvwykvzW