Costco is selling gold bars and they are selling out within a few hours
Publishing timestamp: 2023-09-28 13:00:35
Summary
Costco is selling 1 ounce gold bars that are in high demand and sell out quickly. The gold bars are only available online to Costco members and are limited to two per customer. The sale of gold bars is seen as a clever promotion and appeals to a certain sector of Costco's shopping clientele. The demand for gold as a safe haven investment is increasing due to concerns about inflation, bank failures, and commercial real estate issues. The article also mentions the recent hoarding of gold bars by a U.S. Senator who was indicted on federal bribery charges.
Sentiment: POSITIVE
Keywords: retail industry, economy, richard galanti, costco wholesale corp, gold / us dollar spot, markets, business news,