Why is Costco selling gold bars? What to know about gold investing now

  • 📰 CBSNews
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 68%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Costco is now selling gold bars, capitalizing on the elevated interest the investment has experienced this year.

gold bars quickly sold out online

. Considering that the 1-ounce gold bars were selling for just under $2,000, that product excitement may be difficult for many to understand. But for many seasoned investors, it makes sense.top gold investment company. And in case anyone hasn't noticed, inflation is still humming along. After almost a year of cooling, it ticked up again in

Against this backdrop, it's understandable why many want the hedge gold can provide. Gold tends to do well during uneven economic times and can even experience a tick-up in value. With limited ways to protect your funds now, gold can often be a smart alternative to pursue.A portfolio filled with stocks and bonds can experience wild swings in both directions. While that volatility can produce substantial returns quickly, it can also wipe out earnings overnight.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 87. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Costco Runs Out of Gold: What Does It Mean for the Economy?In a surprising turn of events, the retail giant Costco recently made headlines for running out of gold. This unexpected occurrence has raised eyebrows and sparked discussions about the state of the global economy.
Source: NEWSMAX - 🏆 16. / 71 Read more »