Costco is expanding its precious metals selection by adding Swiss-made 1-ounce platinum bars priced above a thousand dollars. Costco launched gold bars in August 2023, and they quickly began selling out within hours of each restock. By April, Wells Fargo analysts estimated Costco was selling up to $200 million worth of gold bars monthly. Platinum’s value has fluctuated, rising 15% over the last year.
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00:00It's Benzinga, and here's what's on the block.
00:02Costco is expanding its precious metal selection by adding Swiss-made 1-ounce platinum bars
00:07priced above $1,000.
00:10Costco launched gold bars in August 2023, and they quickly began selling out within
00:14hours of each restock.
00:16By April, Wells Fargo analysts estimated Costco was selling up to $200 million worth of gold
00:22bars monthly.
00:23Platinum's value has fluctuated, rising 15% over the last year.
00:27For all things money, visit Benzinga.com.
00:30For more information visit www.benzinga.com