Overview

• Costco began selling 24-karat gold bars in 2023 and has since seen overwhelming demand, with bars selling out within hours of restocking.
• New restrictions limit U.S. buyers to one bar per transaction and two bars per 24 hours, while Canadian buyers are capped at two bars per transaction and one transaction per week.
• Gold bars, sourced from reputable mints like PAMP Suisse and the Royal Canadian Mint, are priced at $3,279.99 in the U.S. and $4,579.99 in Canada as of May 2025.
• Costco’s low markup of 0.8% to 2.4% over spot price has fueled online arbitrage, with buyers flipping bars for profit as gold prices rise.
• Wells Fargo estimates Costco's gold sales generate up to $200 million monthly, bolstered by economic uncertainty and heightened interest in precious metals.