Buying gold at Costco

[Fernando]

https://moneywise.com/investing/alternative-investments/this-tiny-hot-costco-item-has-skyrocketed-73-in-price-in-under-2-years-but-now-the-retail-giant-is-restricting-purchase-heres-how-to-buy-the-coveted-asset-in-bulk?throw=WTRN3_yahoo&placement_syn=placement_3&utm_source=syn_oath_mon&utm_medium=BL&utm_campaign=108151&utm_content=syn_8b0c4651-9610-408e-962c-ebb7dc5049f7

This tiny hot Costco item has skyrocketed 74% in price in under 2 years​

In late 2023, Costco began selling 1-ounce gold bars. At the time, shoppers could choose between two types: the PAMP Suisse Lady Fortuna Veriscan bar and the Rand Refinery bar, priced at $1,979.99 and $1,949.99, respectively, according to Business Insider. Despite the hefty price tag, both quickly became hot sellers.

“When we load them on the site, they're typically gone within a few hours,” then-CFO Richard Galanti said during a September 2023 earnings call. “And we limit two per member.”

Fast forward to today, and not much has changed — except the price.

As of June 11, 2025, the Rand Refinery 1-ounce bar is listed at $3,399.99, which is the same price the PAMP Suisse version is listed at. That marks a 74% and 71% increase, respectively, in less than two years.

But the jump in price is in line with the broader gold market, which has surged roughly 72% over the same period. What’s more surprising is the continued demand.

 

[James Mpls]

Buy Bitcoin at your home and save yourself the trouble. Digital gold. I hope that you do not believe that if the s**t really went down that bartering in gold bars would be a thing…..it wouldn’t….water, food, lead.

 

[Carnivore]

Well the 12 day war is not even close to the shortest war in history.


Anglo-Zanzibar War the shortest war in history? Fought on 27 August 1896 between the British empire and the Sultanate of Zanzibar, the whole thing lasted around 38 minutes

https://www.apmex.com/gold-price

$3,336.40 USD - ($62.40) USD -1.84%


I think this thread may set a record for being the least discussed topic since this web site was created.

 

[Charles West]

I wouldn't touch physical gold with a ten-foot pole at this point. It is a risk-on asset that has climbed about as much as it is going to.

 

[gregb]

I wouldn't touch physical gold with a ten-foot pole at this point. It is a risk-on asset that has climbed about as much as it is going to.

On gold

https://archive.is/wMolf

 

[Charles West]

On gold

https://archive.is/wMolf

And the point is?

 

[gregb]

And the point is?

Holding, transporting and converting to fungible asset is problematic.

 

[alebrewer]

Yeah, I'm not too keen on purchasing at $3500 an ounce - that's crazy high. I've moved to Platinum, but it's up 30% in the past couple of months. Guess that tells you how much folks trust the dollar.

 

[gregb]

Only gold I knowingly own (not sure if my Vanguard account owns any) is the 18 karat Chopard watch I bought in 1985. It goes with me wherever, underwater too.

 

[Fernando]

I would have purchased the gold "bar" but when I saw it on display at Costco, the "bar" looked like a flimsy cheap flake. Didn't realize a flake was so small and light.
My wife's gold jewelry are larger and heavier than that.
It wasn't worth $2,000 back then to me and still ain't for a flake of gold.