Costco's recent entry into precious metals, including platinum bars and silver coins, has not only diversified its inventory but has captured significant consumer interest and sales.
Analysts estimate Costco generated between $100 and $200 million monthly from gold bar sales, highlighting the lucrative appeal of these precious metal products to consumers.
Although financial advisors generally suggest investing in metals through ETFs rather than physical bars due to complexities around storage and liquidity, the market demand for platinum and gold remains high.
Experts emphasize that while precious metals provide a hedge against inflation, managing the physical aspects of ownership can complicate the investment experience for consumers.
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