Costco gold bars are selling out
"They're typically gone within a few hours," a Costco executive said. Costco, the wholesale retailer that offers everything from PlayStations to pizza slices, is now selling gold bars. Even more, the precious metal is flying off the shelves, a company executive says. The company's website says the price of the one-ounce bars of 24-karat gold can only be viewed by Costco members, who pay between $60 and $120 per year for a subscription. Each member is limited to purchasing no more than two bars. An ABC News employee who is a Costco member was offered a purchase price of $1,929.99 on Wednesday morning. However, when attempting to move forward with the purchase, they received an error message saying, "Product Not Available!" The company's website also indicated that the product was unavailable in multiple states. On an earnings call last week, Costco Executive Vice President and Chief Financial Officer Richard Gallanti said the gold bars have been a hit ...