Overview

• A Bloomberg survey found that 77% of Costco stores sold out of gold bars in the first week of October, despite recent restocks.
• Costco's gold bars, priced at $2,699.99, are appealing to consumers as a hedge against economic instability.
• The spot price of gold reached a record $2,686 per ounce on September 26, driving increased consumer demand.
• Costco's competitive pricing and member rewards make it an attractive option for purchasing precious metals.
• Gold's appeal as a safe haven asset is drawing a new cohort of retail buyers to Costco, despite its non-yielding nature.