Honey, don't forget the gold bars at the store!

April 9th, 2024, 02:02 PM

This article struck me:

https://www.cnbc.com/2024/04/09/costco-selling-up-to-200-million-in-gold-bars-a-month-wells-fargo-estimates.html

$200MM per month of gold bar sales to consumers? Why? What is driving such a thing?

April 12th, 2024, 12:35 PM

Big Mike

This article struck me:

https://www.cnbc.com/2024/04/09/costco-selling-up-to-200-million-in-gold-bars-a-month-wells-fargo-estimates.html

$200MM per month of gold bar sales to consumers? Why? What is driving such a thing?

To me it sounds like Costco is trying to take advantage of the Fear factor that is creating Demand for Gold. Pretty creative lol...

April 13th, 2024, 09:24 AM

there's a huge Chinese influence apparently.

Various articles floating around

Discussion in Commodities