{"id":297660,"date":"2024-04-10T21:22:42","date_gmt":"2024-04-11T02:22:42","guid":{"rendered":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/costco-reportedly-selling-more-than-100m-worth-of-gold-each-month"},"modified":"2024-04-10T21:23:00","modified_gmt":"2024-04-11T02:23:00","slug":"costco-reportedly-selling-more-than-100m-worth-of-gold-each-month","status":"publish","type":"post","link":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/costco-reportedly-selling-more-than-100m-worth-of-gold-each-month","title":{"rendered":"Costco Reportedly Promoting Extra Than $100M Value of Gold Every Month"},"content":{"rendered":"

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Families looking to buy huge packs of toilet paper and dirt cheap hot dogs at Costco can now make out like old-timey prospectors, ’cause the retailer’s got gold to spare, which is flying off their digital shelves … to the tune of potentially hundreds of millions.<\/p>\n<\/section>\n

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The store known for selling everything in bulk is in the precious metals game these days … selling 1-oz, 24-karat gold bars in their stores for around $2,400 a pop. This has been going on for about 6 months or so now, and at this point … it’s apparently a money-maker.<\/p>\n<\/section>\n

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Analysts at Wells Fargo reportedly told its clients earlier this week that Costco might be bringing in between $100 million and $200 million on gold sales each month. Wowza!<\/p>\n<\/section>\n


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Now for those folks thinkin’ about buyin’ up all Costco’s gold supply, take a breath … ’cause the warehouse giant’s got rules about purchasing the gold.<\/p>\n<\/section>\n

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It’s limiting customers to just 5 gold bars per membership. Of course, these things go like hotcakes … and get snatched up on their website within hours anytime they restock.<\/p>\n<\/section>\n

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Funny enough, CNBC<\/strong><\/a>‘s also reporting the company’s not turning a huge profit on the gold … with cash-back offers and shipping costs mercilessly cutting into the bottom line. In other words, the great deals Costco offers make the gold bars a steal … if you can get’ em, that is.<\/p>\n<\/section>\n

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That said, the company’s bought up a Fort Knox-level of gold regardless … and, could be saving it for a rainy day. Some economists are suggesting them selling gold is a smart biz move — as more investors seem to be pivoting back toward assets like gold, etc.<\/p>\n<\/section>\n

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So, get your gold while you can … and grab some massive cans of tuna while you’re at it.<\/p>\n<\/section>\n

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Families looking to buy huge packs of toilet paper and dirt cheap hot dogs at Costco can now make out like old-timey prospectors, ’cause the […]<\/p>\n","protected":false},"author":1075,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-297660","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts\/297660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/users\/1075"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/comments?post=297660"}],"version-history":[{"count":0,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts\/297660\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/media?parent=297660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/categories?post=297660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/tags?post=297660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}