Costco (COST) sold $100 million of gold bars last quarter, with each bar selling for a little over $2,000.
Yahoo Finance’s Brooke DiPalma, Alexandra Canal, and Pras Subramanian deep dive into this “gold rush” and gold investment overall.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Today we’re kicking things off with Costco’s gold rush. The wholesale giant revealed that they have sold, get this, $100 million worth of gold bars in the last quarter. Now they did announce that they were selling these on their website back in September, which really garnered a lot of attention, a lot of excitement.
But we now know the total price tag of how many they sold or rather how much they made from how many they sold. They did go for about $2,000 online. And Costco members were only allowed two. So you have to imagine that so many people got in on this deal.
