Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimates

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Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimates
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Gold has turned into money for Costco, where yellow-metal sales begun last year have turned into a cash cow for the big-box retailer.

In fact, sales are so brisk that analysts at Wells Fargo expect revenue"may now be running at" $100 million to $200 million a month, a rapid acceleration since bullion hit the warehouse club late in the summer of 2023.

"The accelerating frequency of Reddit posts, quick on-line sell-outs of product, and COST's robust monthly eComm sales suggests a sharp uptick in momentum since the launch." Las protecciones de los depósitos bancarios de los ahorradores ricos han cambiado. Esto es lo que debes saber "Pricing at that level and shipping costs suggests it's a very low profit business at best," the analyst wrote.

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