Retailers stores in Canada are not just selling mega quantity of toilet paper coins, metals and gold bars are selling on these common shopping grocery stores.
Walmart also started selling gold, silver and platinum bars online to U.S. customers. Costco “sold over $100 million US of gold in recent 12 weeks”. Richard Gallantic the company Chief Financial officer told media.Costco Canada has the 24 Karat PAMP Suisse Lady Fortuna Veriscan bars listed for $2,689.99 however they are only available to Costco members and there is a limit on how many can be bought each member can only buy two at once every seven days.
Gold bars are so popular in consumer they will be sold out in a short period after listed online according to Costco officials.
There are lot of factor to invest in gold currency is that it is not volatile as new cryptocurrencies and the fluctuation value of the US dollar. Gold investor buy gold due to fear because they do not trust other currencies.
Gold is both a financial importance and cultural significance. Because investor think that other currencies and stock type investment may not be stable in long term. There is one example a investor from Pakistan investing in gold bars. Because the value of Pakistan currency is depreciated in last decade 200 percent.
Costco has built its own business model it has offer the treasure hunt shopping model and less prices. The warehouse stores always offers household items and food but sometimes they offer you cashmere sweaters,teddy bears and anything else.
Consumers shop at these stores not just they desire something because they are hoping they get a something they want at a balance price. This accelerate increase visits which ultimately result in mega sales.
Customer like to see new merchandise they enjoy both searching the products and ability to decide whether to purchase. The treasure hunt add the fun of buying there.This treasure hunt desire lead the customer to costco instead of local grocery chain.
Costco gold selling gimmick is working very well.Investor consider gold safer than stocks or bonds due to it is rare and they can physically hold it.
costco selling gold
The chain store also sold unique items to its online business. Recently costco sold Babe Ruth autographed index card for $20,000. They sold a Disney e gift card valued at $250 for $224.99.
Costco app download during the quarter were 2.75 million.So total download is at 31 million.
CFO Costco said ” We did have 100% site availability during Cyber Week and sales for the five Cyber Days, Thanksgiving Black Friday, Saturday, Sunday and Cyber Monday.
The wholesale retailer start gold online selling in September and 1 oz. gold bars on Friday were going for $2069.99 with a limit of two bars per Costco membership.According to the Costco website the non refundable gold comes in sealed black assay card and individually stamped with a unique serial number.
costco is a great place for buying robot vacuums to steam cleaners
The Royal Canadian Mint is the mint of Canada and a Crown corporation , operating under the Royal Canadian Mint Act. The shares of the Mint are held in trust for the Crown in right of Canada. The Mint produces all of Canada circulation coins and manufactures circulation coins on behalf of other nations.
PAMP 1 oz Pamp Suisse Gold Bar Lady Fortuna Veriscan in Assay. $2,1539. you can visit here
63,332 indian rupees per 10 grams for 24 carat and 58012 indian rupees per 10 grams of 22 carat.
gold costco is mega sold items online for costco on its website in last 12 weeks.
Gold maple leaf under 1 oz $88.7/g.
you can check rbc gold bars price by visiting this link
$ 2,846.13 canada price for 1 oz.
You can buy gold bar at costco canada.
canada price is at costco goldb bars