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Precious Metal Fever: How Costco’s Gold Bars Became the Hottest Item in 46 States

Costco has implemented a purchase limit of two gold bars per transaction within a 24-hour period due to overwhelming demand for its 24-karat, one-ounce gold bars. Initially introduced in 2023 at around $1,950-$1,980 per bar, these precious metal products have consistently sold out within hours of restocking. A Bloomberg survey found that approximately 77% of Costco stores across 46 states reported sellouts within the first week of October 2024. Wells Fargo analysts estimate that Costco’s gold bullion sales generate between $100-200 million monthly, though financial experts caution about the volatility of precious metals investments.

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Mary

Samantha is wonderful. I was nervous about spending a chunk of money. I asked her to `hold my hand’ and walk me through making my purchase.  
She laughed and guided me through, step by step. She was so helpful in explaining everything... 

A. Howard

Travis was amazing! I was having difficulty with a wire transfer of my life’s savings, and I was very worried that I might not be able to receive it all. My husband just passed away and I’ve been worried about these funds along with grieving for 8 months. As soon as I got connected with Travis, my concerns were immediately addressed and he put me at ease. The issue was resolved within days. He even called me back with updates to keep me in the loop about what was going on with the funds. I am so grateful for a customer representative like Travis. He really cares for his clients.

Sam was also very helpful! I called and was connected to Sam within 30 seconds. She helped me with a fee that was charged to my account. She had a great attitude and took care of the fee quickly.

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