Costco Sells Over $100 Million in Gold Bars

Costco sold more than $100 million worth of gold bars in its first quarter, ending November 26. This announcement was made by the company’s CFO, Richard Galanti, during an earnings call. These one-ounce gold bars, namely the PAMP Suisse Lady Fortuna (available on GoldSilver.com right now), usually sell out within a few hours on Costco’s website, highlighting strong demand for gold among its consumer base.