Costco has imposed stricter transaction limits on its precious metals, notably reducing the purchase quantity of gold bars from two to one for online transactions, influenced by rising gold prices that recently reached over $3,400 per ounce. This surge in gold's popularity has led to rapid sellouts, despite earlier restrictions. Costco's competitive pricing strategy offers gold bars at a minimal markup, making it an attractive option for novice collectors, many of whom consider the retailer a trustworthy entry point into gold investing.
Costco has tightened its transaction limits on precious metals, now allowing just one gold bar per purchase, as demand surges amid record gold prices.
Despite existing restrictions, Costco's inventory of precious metals continues to sell out rapidly, highlighting the increasing popularity of gold investments among new collectors.
Costco's pricing strategy offers gold at a minimal markup over the spot price, enhancing its appeal to both novice collectors and seasoned investors.
Characterized as a 'gateway drug' to gold investing, Costco's trustworthy reputation is attracting more individuals to the world of precious metals.
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