Costco Adds Swiss-Made Platinum Bars at $1,089.99 Amid Gold Surge

Oct 2, 2024, 04:00 PM

Costco has expanded its precious metals business by adding 1 oz Swiss-made platinum bars and coins to its lineup, priced at $1,089.99 each. This follows a surge in demand for gold bars, which have been selling rapidly and contributing to double-digit sales growth in the most recent quarter. The price of gold bars at Costco is currently $2,680. Costco's addition of platinum bars comes as physical gold outperforms digital gold and even the S&P 500 for the second consecutive year. The company reports that selling gold has become part of its core business, with monthly sales reaching between $100 million and $200 million.