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Posted on 05/17/2025 6:30:27 PM PDT by delta7
Gold has become such a hot commodity that Costco is apparently limiting how much its members can buy.
The warehouse retailer began selling 24-karat gold bars to its members in 2023, with a limit of two bars per person. Now that limit has changed to one per transaction and a maximum of two bars per 24 hours, when you look on the retailer website, as previously reported by Business Insider.
The price for a 1-ounce South African-made gold bar is $3,279.99, much higher than the $2,000 they were going for 19 months ago, shortly after Costco began selling them.
However, that price increase is understandable as gold prices have risen more than 70% over that time -- hitting record highs in April. ...…
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Why doesn’t Sams offer this? Alas, I have no Costco.
Great.... so I can only buy 6500 bucks a day from them? Annoying...
If you go down to Costco and they say you can only buy one bar per day, you don’t need Business Insider to report it to you.
Your average 1oz gold bar from most online brokers is about the same price, free shipping. Buy as many as you want.
Sorry, I remember too vividly the Chinese gold plated tungsten bars from a few years ago. No way would I buy bullion from Costco. Probably legitimate, but I’m funny that way.
,,, I’d want a Sigma verifier - or similar - at point of sale.
Hasn’t the price of gold been going down recently?
good old Krugerrand would probably be a better choice than a bar.
>> Get it while you can, if just one percent of Americans start buying, it may become unobtainium.
Thanks, but there are other, more useful inflation/devaluation hedges available. Because when you boil it down, that’s all gold is — an inflation/devaluation hedge. Unless you’re a jeweler or something. ;-)
Gold in USD the past 20 years- 667 percent gain, the last five years-86 percent….to each his own.
Who would be buying gold now?
The time to buy was 20 years ago.
Now is the time to sell.
It’s Costco, so what’s the return policy, if the price of gold drops appreciably can I return my Costco Gold Bar for the full purchase price and then turn around and buy a new one for the lower price? Asking for a friend.
What is the round trip cost of buying and then selling back a One Oz. “bar” the same day?
“Unless you’re a jeweler or something. ;-)”
Lotsa peeps seem to be going into the Gold Broker bidness these days.
A ca$h cow of advertising on conservative media sites these days.
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