Costco's Monthly Gold and Silver Sales Reach Up to $200 Million

The wholesale giant's venture into precious metals has significantly boosted its general merchandise sales, despite minimal profits.

Costco has been selling 24-karat gold bars and silver coins, with monthly sales estimated between $100 million and $200 million.
The sales of these precious metals started in late 2023 and have quickly become popular, often selling out within hours.
Despite the high sales volume, the profit margins on gold and silver are minimal due to low pricing and high shipping costs.
Costco limits the purchase of gold bars and silver coins to five per membership, with each transaction providing potential cashback benefits.
The introduction of gold and silver sales has contributed to a 3% increase in Costco's general merchandise sales.