Costco Sells Out 1 Ounce Gold Bars Within Hours
September 27th, 2023Via: KTLA:
One of Costco’s newest merchandise items has been selling out within a matter of hours, CFO Richard Galanti said on an earnings call Tuesday.
“I’ve gotten a couple of calls that people have seen online that we’ve been selling one-ounce gold bars,” Galanti told investors during the retailer’s fourth-quarter earnings call.
“Yes, but when we load them on the site, they’re typically gone within a few hours and we limit two per member.”
Costco’s website shows that members can purchase one-ounce bars of 24-karat gold from Rand Refinery for $1,949.99 or a one-ounce bar from PAMP Suisse for $1,979.99. Both items have a 4.9-star rating and can’t be refunded or returned.
This is interesting.
“I bought this gold at Costco in September for under $2000. Look at the price now!”
Beware the kalends of October.