Buy Gold in Ontario and Canada at Costco with One Small Catch

Costco sells gold in Ontario and Canada but there is one catch


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“Costco’s New Gold Bars: A Smart Investment or a Fool’s Errand?

Costco has caused a stir in the investment world by selling 1 oz. gold bars, and the response has been nothing short of staggering. The big box chain’s Chief Financial Officer, Richard Galanti, revealed that the 24-carat bars were flying off the shelves, with customers snapping them up within hours of restocking. But is this trend a sign of a smart investment or a potential financial folly?

The Appeal of Gold Bars

Gold bars have long been considered a safe-haven investment, particularly during times of economic uncertainty or currency fluctuations. The appeal lies in their stability and tangible value, making them an attractive option for investors looking to diversify their portfolios. This demand for precious metals has been on the rise in recent years, reflecting an increasing desire for more stable investment options.

Risks and Rewards

While gold is often seen as a safe bet, experts caution against viewing it as a foolproof investment. The gold market is known for its volatility, with prices fluctuating significantly over time. In 2023 alone, the cost of gold has ranged from $2,300 to $2,800 per ounce, marking a nearly 60% increase in the last five years. Despite its popularity, the American Commodity Futures Trading Commission warns that past performance is not indicative of future returns, emphasizing the unpredictable nature of precious metal investments.

The Costco Gold Rush

Costco is selling its gold bars for a hefty $2,679.99 each, just slightly above the current trading price. Due to the overwhelming demand, the retailer has implemented a strict two-piece limit per customer per week, allowing individuals to invest up to $5,360 weekly. The popularity of these gold bars has reignited discussions about the value of precious metal investments and their role in a well-rounded portfolio.


The rush for gold raises important questions about the nature of investments and the perceptions of stability and risk. While gold has long been considered a time-tested investment, it is important to approach it with a critical eye and an awareness of the potential pitfalls. Ultimately, the decision to invest in gold, whether through Costco’s gold bars or other means, requires careful consideration and a thorough understanding of the market dynamics. As with any investment, knowledge is key, and only time will tell whether the shiny appeal of gold bars will shine as brightly in investors’ portfolios.”


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