Gold bars in Bangkok, Thailand with the impression of a dragon (Vichan Poti/AP) Costco shoppers can now buy a $1.50 hot dog — and a $2,200 bar of gold — at the same time, and more are doing just that.
The warehouse retailer, which began selling gold bars last year, sold $100 million worth of them in 2023, and it now stocks silver, too, The Wall Street Journal reports .
The gold and silver, also available online, sell out in hours .
Inflation, COVID, the wars in Ukraine and the Middle East, the $34 trillion U.S. national debt, and the devaluation of the dollar, have all buoyed the appeal of gold, even among Millennials.A surprising 17% of Millennials now own gold, according to State Street. Gen X and Boomers also invest 10% of their portfolio in gold.“It’s just nice to have options when we don’t really know what’s going on,” says Julia […]
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