Costco Sells Over $100 Million in Gold Bars in Recent Quarter

The one-ounce bars, sold exclusively online, typically sell out within hours of release.

Costco sold over $100 million worth of one-ounce gold bars in its most recent quarter, with each new release typically selling out within a few hours.
The gold bars are sold exclusively online, with Costco members limited to purchasing two bars each.
The gold bars, from South Africa's Rand Refinery and Swiss supplier PAMP Suisse, are non-refundable.
Gold was trading at $2,035 per ounce at the time of the announcement.
Costco ended the quarter with 72 million paid memberships.