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Amid increasing demand, Costco's online store witnesses rapid sales of 1-ounce Gold Bar PAMP Suisse Lady Fortuna Veriscan, indicating the metal's commercial success and appeal to members.
It has everything - from furniture, appliances, and electronic items to food - and has expanded its product lineup to include gold bars. With this new addition, Costco is now a warehouse retail superstore where shoppers can buy a 1-ounce Gold Bar PAMP Suisse Lady Fortuna Veriscan. These Produits Artistiques Métaux Précieux bars are now available in the company's online wholesale store.
Price of the Gold Bars at Costco
According to CNBC, since this is Costco, the precious metal is also sold at a bargain price. The exact amount is only known to members as the product is being sold exclusively to them.
Then again, some people posted details in online forums like Reddit. They said the 1-ounce Gold PAMP Suisse Lady Fortuna Veriscan bars were sold for $1,900 recently. CNBC noted that spot gold was going for $1,876.56 per ounce as of Wednesday this week.
Golds are Selling Like Hot Cakes
Despite this price, the gold bars at Costco are said to be selling very quickly. It was reported that Costco's chief financial officer hinted that the golds are in hot demand during the company's most recent quarterly earnings call.
Richard Galanti also said that although they always fill their 1-ounce Gold Bar PAMP Suisse Lady Fortuna Veriscan stocks, they still disappear instantly. This shows the great commercial success of Costco's gold bars.
"I have gotten a couple of calls that people have seen online that we have been selling 1-ounce gold bars," Galanti shared. "Yes, but when we load them on the site, they are typically gone within a few hours, and we limit two per member."
Costco Offering Two Options for Gold Purchases
Finally, according to the New York Post, customers of Costco may choose from two options when they want to buy gold bars. A one-ounce 24-karat gold is currently on sale under the digital marketplace's "Sports Memorabilia & Collectibles" section.
One type of gold is from South Africa's Rand Refinery, which is said to be priced at $1,949.99. The other is from Switzerland's PAMP Suisse, which reportedly retails for $1,979.99.
Photo by: Grant Beirute/Unsplash
