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HomeBusinessGold bars at Costco are flying off the shelves, says the wholesale...

Gold bars at Costco are flying off the shelves, says the wholesale giant.

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Wholesale retail store Costco is now selling gold bars on its website, adding an unexpected item to its inventory. The one-ounce gold bars, from PAMP Suisse and South Africa’s Rand Refinery, are priced at nearly $2,000. According to Costco’s chief financial officer, the gold bars are selling fast and often sell out within a few hours of being loaded onto the site. However, the purchase of these gold bars is limited to Costco members and is non-refundable.

Costco is known for its affordable prices and free samples, making it a favorite store for bargain shoppers. The company also recently raised its minimum wage to $16 for US workers. The high pay and benefits provided by Costco have gained attention on social media, with an employee’s TikTok video revealing her hourly wage and receiving positive comments from users. Another viral TikTok video featured an employee who left her teaching job to work at Costco and expressed how her life has improved since the transition.

While Costco’s decision to sell gold bars may seem unusual, it is in line with the variety of products the store offers, catering to a wide range of consumer needs. This addition could attract new customers while also providing existing members with the opportunity to purchase gold as an investment. Overall, Costco continues to diversify its offerings and maintain its reputation as a popular and affordable retail destination.

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