<br><div><aside class="gnt_em gnt_em__fp gnt_em_vp__tp gnt_em__el" aria-label="Video - You can buy gold bars at Costco"/><p class="gnt_ar_b_p">Costco's decision to sell precious metals has brought it golden buzz.</p><p class="gnt_ar_b_p">A <a target="_blank" href="http://www.usatoday.com/story/money/2024/04/09/costco-gold-bars-200-million/73266179007/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener">Wells Fargo report</a> stated that the bank's analysts believe that the warehouse retail giant is selling between $100 million to $200 million in gold per month.</p><p class="gnt_ar_b_p">Wells Fargo suggested that the precious metal offering was a way to add value to the company's brand noting that "it's a very low-profit business at best."</p><p class="gnt_ar_b_p">"We view the addition of gold/silver as a smart move for Costco, as it only reinforces its value position," the report said.</p><p class="gnt_ar_b_p">The buzz around <a target="_blank" href="http://www.usatoday.com/story/money/retail/2023/12/15/costco-gold-bar-sales-drive-stock-price/71934906007/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener">Costco's offering</a> has led to increased interest in investing in the metal, according to Zachary Scott, general manager of <a target="_blank" href="https://wilshirecoin.com/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener">Wilshire Coin</a> in Santa Monica, Calif. Scott said that he is seeing customers who are "less than typical" brought in after seeing gold being sold by "a trusted company."</p><p class="gnt_ar_b_p">"It's bringing in new buyers and interest, though not in massive amounts, who have seen the articles around Costco selling gold," Scott said.</p><aside class="gnt_em gnt_em_cp gnt_em_cp__sp" aria-label="Latest trending and breaking news" data-c-cta="TOP HEADLINES"><div class="gnt_em_cp_cw"><img class="gnt_em_cp_cw_i" data-g-r="lazy" src="https://www.usatoday.com/gcdn/authoring/authoring-images/2024/04/19/USAT/73386349007-microsoft-teamsimage.png?crop=2775,2081,x0,y0&width=258&height=193&format=pjpg&auto=webp" srcset="https://www.usatoday.com/gcdn/authoring/authoring-images/2024/04/19/USAT/73386349007-microsoft-teamsimage.png?crop=2775,https://www.usatoday.com/2081,https://www.usatoday.com/x0,https://www.usatoday.com/y0&width=516&height=386&format=pjpg&auto=webp 2x" decoding="async" alt=""/></div></aside><h2 class="gnt_ar_b_mt">How much gold is Costco selling?</h2><p class="gnt_ar_b_p">Using the estimates from the Wells Fargo report and an approximate price of $2,000 Costco sells between 50,000 and 100,000 ounces of gold per month.</p><p class="gnt_ar_b_p">USA TODAY reached out to Costco to inquire about the volume of gold it has sold and did not receive a response.</p><a target="_blank" class="gnt_em gnt_em_gl gnt_em__el" href="http://www.usatoday.com/picture-gallery/news/2012/09/09/the-day-in-pictures/1410095/" data-t-l=":l|l|c|view gallery:inline promo" aria-label="View Gallery - The day in pictures" data-g-r="nav_mo" data-g-tn="pgcss" data-g-mtn="pg1410095" data-g-moh="hpgm" aria-haspopup="dialog" aria-expanded="false" onmousedown="event.stopPropagation()" onmouseup="event.stopPropagation()" data-c-id="1410095" rel="noopener"><img class="gnt_em_gl_i" data-g-r="lazy" src="https://www.usatoday.com/gcdn/authoring/authoring-images/2024/04/15/USAT/73325569007-afp-2147797776.jpg?crop=7946,4471,x0,y413&width=660&height=372&format=pjpg&auto=webp" srcset="https://www.usatoday.com/gcdn/authoring/authoring-images/2024/04/15/USAT/73325569007-afp-2147797776.jpg?crop=7946,https://www.usatoday.com/4471,https://www.usatoday.com/x0,https://www.usatoday.com/y413&width=1320&height=744&format=pjpg&auto=webp 2x" decoding="async" alt="" width="660" height="372"/></a><h2 class="gnt_ar_b_mt">Gold prices since Costco started selling</h2><p class="gnt_ar_b_p">After Costco introduced the 1 oz. gold bars to its website last October the spot price of the metal held steady around $2,000 until an upswing that started in February.</p><p class="gnt_ar_b_p">The metal made a run at the start of March...</p></div> <style> .wrapper { text-align: center; } </style> <div class="wrapper"> <a class="button" href ="https://www.usatoday.com/story/money/2024/04/11/costco-gold-rush-drives-interest-not-value/73282210007/">Read more <span>➤</span></a> </div>
