Costco selling as much as $200M in gold bars per month, Wells Fargo estimates
COSTCostco(COST) New York Post·2024-04-10 22:40

Costco has struck gold by selling its one-ounce bullion bars — so much so that the big-box retailer is reportedly raking in as much as 200millionamonthasthepriceofthepreciousmetalskyrockets.Revenuemaynowberunningat200 million a month as the price of the precious metal skyrockets. Revenue “may now be running” at 100 million to 200millionmonthly,WellsFargosaid,accordingtoCNBCarapidaccelerationfromthe200 million monthly, Wells Fargo said, according to CNBC — a rapid acceleration from the 100 million sold in one-ounce gold bars in its fiscal first quarter that ended in late 2023. “Our work suggests there has been significant interest given COST’s aggressiv ...