3 things Costco shoppers should know before buying gold bars

2024-04-28 20:35:32+00:00 - Scroll down for original article

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Costco sells an estimated $200 million worth of gold and silver bars per month. Gold expert Taylor Huff says with the popularity, some buyers might not know what to expect. Huff recommended three things Costco shoppers should keep in mind when buying gold. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time. Advertisement Gold and silver bars are some of Costco's hottest items this year, with the warehouse club selling through its supplies to the tune of $200 million a month. Each new batch of gold bars sells out "within a few hours" of being released for a small mark-up over its spot price. The Wall Street Journal reported that some buyers have been getting a crash course in commodity trading as they try to make a quick profit on their gold stash. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .