As gold prices surged above $3,500 per ounce, Costco has emerged as a prime location for buyers seeking gold bars and coins with attractive low markups. This spike in gold's value is tied to economic uncertainties and a depreciation of the U.S. dollar, leading more individuals to invest in gold as a safe-haven asset. One buyer, who invested over $30,000 this year, described Costco as a "gateway drug" for new gold investors, highlighting the growing interest in precious metals due to the uncertain market climate.
With gold prices surging, collectors flock to Costco, which sells gold bars and coins at low markups, making it an attractive option for new investors.
Amid market uncertainty, one buyer dubbed Costco as "the gateway drug to gold investing" after spending $30,000 on the metal this year.
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