The US cash-and-carry wholesaler Costco has now caused a stir by selling gold bars.
In this country, it would be a strange feeling to buy gold from a discounter or wholesaler. Costco has nearly 600 stores, primarily in the United States. Known for bargain prices, Costco was now selling gold bars, weighing one ounce. And they were selling like hot cakes for around 1,900 US dollars. Limited to two per customer, the bars always sold out within a few hours. They were available online and only to Costco members, which cost $60 and $120 per year, respectively. The one-ounce bars of 24-karat gold are sourced from South Africa's Rand Refinery and Swiss supplier PAMP Suisse. Insured shipping via UPS is included in the price. No wonder, if you look at the development of the gold price over years and decades. After all, gold has increased in value by a good 55 percent in the last five years alone.
Costco's gold bar promotion was probably quite promotional for the company. The range also includes, for example, an emergency food preparation set with 150 portions. In any case, the gold bars fit the theme of making provisions for times of need. The more confidence in the U.S. dollar wanes, the more the safe haven gold is likely to gain in prestige and popularity. In addition, inflation is still high, and problems are emerging in the market for commercial real estate. Gold and also silver now offer a safe asset and more and more people are realizing this. Looking around at the gold companies, Fury Gold Mines and Tudor Gold are appealing.
Fury Gold Mines - https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ - is working on its multi-million-ounce projects in Quebec and Nunavut.
Tudor Gold - https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/ - owns the prospective Treaty Creek Gold Project in the Golden Triangle, British Columbia.
Latest corporate information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
In this country, it would be a strange feeling to buy gold from a discounter or wholesaler. Costco has nearly 600 stores, primarily in the United States. Known for bargain prices, Costco was now selling gold bars, weighing one ounce. And they were selling like hot cakes for around 1,900 US dollars. Limited to two per customer, the bars always sold out within a few hours. They were available online and only to Costco members, which cost $60 and $120 per year, respectively. The one-ounce bars of 24-karat gold are sourced from South Africa's Rand Refinery and Swiss supplier PAMP Suisse. Insured shipping via UPS is included in the price. No wonder, if you look at the development of the gold price over years and decades. After all, gold has increased in value by a good 55 percent in the last five years alone.
Costco's gold bar promotion was probably quite promotional for the company. The range also includes, for example, an emergency food preparation set with 150 portions. In any case, the gold bars fit the theme of making provisions for times of need. The more confidence in the U.S. dollar wanes, the more the safe haven gold is likely to gain in prestige and popularity. In addition, inflation is still high, and problems are emerging in the market for commercial real estate. Gold and also silver now offer a safe asset and more and more people are realizing this. Looking around at the gold companies, Fury Gold Mines and Tudor Gold are appealing.
Fury Gold Mines - https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ - is working on its multi-million-ounce projects in Quebec and Nunavut.
Tudor Gold - https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/ - owns the prospective Treaty Creek Gold Project in the Golden Triangle, British Columbia.
Latest corporate information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
