Costco Says Its 1-Ounce Gold Bars Are Real and Have Been Selling Out in Hours

September 28, 2023

Costco has introduced the sale of 1-ounce gold bars, according to the company’s CFO, Richard Galanti. These gold bars, sourced from reputable refineries like South Africa’s Rand Refinery and Switzerland’s PAMP Suisse, are priced at $1,949.99 and $1,979.99, respectively. Galanti noted that these gold bars are consistently selling out within a few hours of being listed on the website, with a limit of two bars per member.

Recent News

US Plans Tariffs on Chinese Electric Vehicles

The Biden administration intends to announce new tariffs on Chinese electric vehicles (EVs), possibly reaching 100%, along with additional import taxes on various Chinese goods, including semiconductors. This move aims to safeguard American manufacturing interests, amidst concerns that China’s competitive pricing may undermine US efforts to boost domestic clean energy production.