Costco shoppers are purchasing the store’s 1-ounce gold bars at a high rate despite the precious metal’s record-high prices in recent months, according to a recent survey.
Around 77 percent of Costco outlets that sell bullion bars were sold out in the first week of October, a Bloomberg survey found. The news outlet and financial services company said it surveyed 101 stores in 46 states that sell gold and recently restocked the precious metal.
The apparently high number of sales comes even as gold prices have surged in the past year or so. In the past 12 months, gold is up about 41 percent, going from around $1,864 per ounce to $2,640 per ounce….