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Costco has seen its 1-ounce gold bars sell out faster than discounted 170-ounce jugs of laundry detergent.
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One major reason for this is accessibility. Major retailers like Costco started offering 1-ounce gold bars for sale, making it easier for everyday consumers to invest in physical gold.
Even wholesale grocer Costco got in on the modern gold rush beginning in late 2023, launching the sale of 1 oz gold bars and later other precious metals and coins.
Gold's price has been climbing rapidly. If you want to buy in, here's where you can find 1-ounce gold bars.
“The wholesale retailer began selling gold online in September and 1 oz. gold bars on Friday were going for $2,069.99, with a limit of two bars per Costco membership,” CNN says.
While not a typical outlet for the sale of precious metals, the members-only warehouse chain has seen its 1-ounce gold bars sell out faster than discounted 170-ounce jugs of laundry detergent.