Costco offers a wide selection of products, including food, consumer goods, clothing, appliances and services in bulk, allowing the company to offer competitive prices.
On this occasion, The store put nothing more and nothing less than one-ounce gold bars on sale (about 28 grams) worth approximately $1,979 per pieceas reported since last September 28 by different American media.
Like cakes, only two pieces per member
The product, which is limited to two per personis selling very quickly, the company’s financial director, Richard Galanti, said on Tuesday in a conference on the company’s earnings, according to the specialized media MarketWatch.
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The CNBC network, for its part, states that the gold pieces can only be obtained through the Costco website and are reserved for subscriberswho pay between 60 and 120 dollars a year to be able to buy in any of their physical or online stores.
According to an analyst cited by CNBC, the product may be attractive to people seeking to prepare for a possible disaster (those known as preparednessists, who tend to stockpile food and medical supplies for emergencies), in addition to serving as an advertising claim.
In recent years, precious metals such as gold have seen their market value increase as inflation soared and central banks tried to curb it by raising interest rates.
*With information from EFE
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