In Addition to Gold, Costco Starts Selling Platinum Bars

Investor Brand Network
Monday, October 14, 2024 at 3:05pm UTC

Costco began selling 1-ounce gold bars late last year. While this was restricted to members of Costco, analysts at Wells Fargo estimate that the popular retailer sells between $100 million to $200 million in gold bars monthly. Now members of Costco can also purchase one-ounce bars of platinum at $1089.99.

Platinum’s value has risen by 15% since last year, with its demand growing significantly. The silvery-white metal is resistant to corrosion, just like…

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