Costco CFO Richard Galanti claimed the gold bars, sold exclusively online, are 'typically gone within a few hours' of appearing on Costco’s website.
Costco has begun selling gold bars, and they are selling out like gold-filled hotcakes., CFO Richard Galanti claimed the gold bars, sold exclusively online, are “typically gone within a few hours” of appearing on Costco’s website. There is a two-bar limit per member.“ gold has risen about 4.5% per year. That’s not a fully unattractive investment, but you can do better with very little knowledge in the stock market through investing in some basic funds,” Royal told KIRO Newsradio.
“You’re basically in the hole 10-12% as soon as you purchase,” Royal added. “The returns are a lot a lot more spotty than stocks, and you have to keep it safe.”reported last week that the one-ounce gold pieces — offered in two designs — were selling for just below $2,000 — slightly more than the current market price of gold, which was approximately $1,835 per ounce, as of last week.
Gold has been described as an inflation hedge by many financial pundits. An index for the price of gold has risen about 5% since a year ago but has fallen from a peak reached in May.UW Ph.D. graduate among the Americans dead from Hamas attack
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