Costco appears to have found a revenue mine with sales of gold bars, as a survey found that some warehouses are unable to keep them on shelves. Bloomberg found that 77% of the 101 stores it surveyed in the first week of October had sold out of the bars, the financial news outlet reported Monday.

Spot gold has jumped nearly 30% this year, successively hitting record highs. Its ferocious rally makes it not only one of the best-performing commodities, but also means that metal has

Gold’s rally has owners of the precious metal torn between taking profit or sitting on their hoard. Here’s a handy guide.

The company sold more than $100 million in gold bars in a three-month period between September and November 2023. It's betting that platinum will do just as well.

Gold’s increase is due to its reputation as a safe asset during economic and political uncertainty and its role in protecting wealth. Last month, gold prices went above $2,600 an ounce, helped by the Federal Reserve’s rate cuts, as gold usually rises when rates are low.

After finding massive success with its gold bars, Costco just introduced 1-ounce platinum bars. Here's what you should know before buying one.

The Swiss-made bars are only available to Costco members, whose annual fees range from $65 to $130. Made of 999.5 pure platinum, the bars are non-refundable and limited to one transaction per membership at a maximum of five units per order. They are only available online and can’t be delivered to customers in Louisiana, Nevada or Puerto Rico.

In a striking display of shifting consumer behavior, Costco Wholesale gold bars are disappearing from shelves faster than they can be restocked. During the first week of October,