Costco sold over $100 million in Gold

Matthew 24:21-22 For then there will be great tribulation, such as has not been from the beginning of the world until now, no, and never will be. And if those days had not been cut short, no human being would be saved. But for the sake of the elect those days will be cut short.

Important Takeaways:

  • “We Sold Over $100 Million Of Gold During The Quarter”: Costco CFO
  • Wholesale retailer Costco sold more than $100 million worth of gold in the most recent quarter, with gold bars seeing high demand from customers.
  • “You’ve probably read about the fact that we’re selling one-ounce gold bars. We sold over $100 million of gold during the quarter” ended Sept. 30, Richard Galanti, the chief financial officer of Costco, said during an earnings call on Dec. 14. This was the first quarter of fiscal 2024 at Costco. The wholesale retailer started selling gold online beginning September. In an earnings call late that month, Mr. Galanti had alluded to massive demand for the product.
  • “When we load them [gold bars] on the site, they’re typically gone within a few hours.”

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