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Author Topic:   Costco Sells $100 Million In One-Ounce Gold Bars Last Quarter
Randall
Webmaster

Posts: 180922
From: I hold a Juris Doctorate (J.D.) and a Legum Magister (LL.M.)!
Registered: Apr 2009

posted December 16, 2023 10:42 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
Only two per customer and only online. What does that say about people’s faith in the current state of the economy?

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jwhop
Knowflake

Posts: 19355
From: Madeira Beach, FL USA
Registered: Apr 2009

posted December 16, 2023 11:04 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
I saw that. Costco selling one ounce gold bars at close to the spot price AND selling them out almost immediately.

This is a testament to how Americans feel about the Biden economy, NOT GOOD.

Biden is destroying the value of the dollar. Rational people react by buying gold and other hedges.

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