Think Costco's gold bars are overpriced? At least you can carry them out of the store

Section:

It seems to be an easier purchase than at the LBMA or the Comex.

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Bulk-buy Retailer Costco Starts Selling Gold Worth Up to L24,500

By Dan Atkinson
Daily Mail, London
Saturday, October 3, 1010

It's not an item likely to be on the weekly shopping lists of many households -- but one supermarket giant has started selling gold bullion alongside its everyday groceries.

Bulk-buy specialist Costco, normally known for its "pile-'em-high, sell-'em-cheap" philosophy, is now offering bars of the precious metal for up to L24,500 each.

... Dispatch continues below ...


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But experts last night warned shoppers they could be getting a poor deal, particularly after violent swings in the gold market this year.

While the company's markup on gold is up to 7 percent on the market rate, it is also selling silver bars at a whopping 28 percent premium. ...

... For the remainder of the report:

https://www.dailymail.co.uk/news/article-8802641/Bulk-buy-retailer-Costc...

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