3 things Costco shoppers should know before buying gold bars [Business Insider]
Costco Wholesale Corporation (COST)
Last costco wholesale corporation earnings: 3/5 04:15 pm
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Source: Business Insider
Huff recommended three things Costco shoppers should keep in mind when buying gold. Gold and silver bars are some of Costco's hottest items this year, with the warehouse club selling through its supplies to the tune of $200 million a month. Each new batch of gold bars sells out " within a few hours " of being released for a small mark-up over its spot price. The Wall Street Journal reported that some buyers have been getting a crash course in commodity trading as they try to make a quick profit on their gold stash. But gold expert Taylor Huff, CEO of My Gold Advisor , says that's the wrong approach. "Some people will just go buy gold from Costco, even though they don't know why they're buying it, or what to do with it," he said. Huff shared his top three tips that shoppers should remember when buying gold. 1: Gold is for saving, not quick profit "You don't buy physical gold to flip a profit. You buy physical gold to store wealth and to protect what you've earned," Huf
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- 4/17/24 - Form 144
- 4/10/24 - Form 8-K
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