Gold Bars at Costco. Worth it?

Опубликовано: 20 Октябрь 2024
на канале: Mullooly Asset Management

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Costco recently began selling one ounce gold bars. Should you take advantage of this?

Costco recently began selling gold bars online, not in stores, and sold one hundred million dollars' worth in the recent fiscal quarter.

Buying gold bars from Costco doesn't offer the spot price.

And buying gold bars anywhere - including Costco involves storage costs, possibly shipping costs, and requires insurance.

Warren Buffett has criticized gold as an investment because it's not a productive asset and has appreciated at much less than 1% per year, close to zero.

We are not fans of this new development, in part because we do not view gold as a productive asset.

#gold #costco #investing #cryptocurrencies

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