Costco Expands Precious Metals Offerings with Platinum Bars

The retail giant introduces 1-ounce platinum bars online, following the success of its gold bar sales.

Costco's new platinum bars are priced at $1,089.99 each and are sold exclusively to members online.
The bars are 999.5 pure platinum and are non-refundable, with a purchase limit of five bars per membership.
Platinum sales have seen strong demand, selling out multiple times, but experts caution it is not a traditional safe-haven investment like gold.
The bars are not available for delivery in Nevada, Louisiana, Puerto Rico, New York, and Utah.
Platinum's industrial use, particularly in automotive catalytic converters, drives demand, though it's less robust in private markets compared to gold and silver.