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Purchase limits have tightened on Costco gold bars as popularity booms
By Mike Snider
USA Today, New York
Thursday, May 15, 2025
Gold has become such a hot commodity that Costco is apparently limiting how much its members can buy.
The warehouse retailer began selling 24-karat gold bars to its members in 2023, with a limit of two bars per person. Now that limit has changed to one per transaction and a maximum of two bars per 24 hours, when you look on the retailer website, as previously reported by Business Insider.
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The price for a 1-ounce South African-made gold bar is $3,279.99, much higher than the $2,000 they were going for 19 months ago, shortly after Costco began selling them.
However, that price increase is understandable as gold prices have risen more than 70% over that time -- hitting record highs in April. ...
... For the remainder of the report:
https://www.usatoday.com/story/money/2025/05/15/costco-gold-bars-limit-price/83647819007/
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