Costco is now selling platinum bars for $1591 in the US
Fri Oct 04 2024
Costco is expanding the collection of precious metals it sells, with the addition of platinum. The big-box chain is now selling Swiss-made one ounce (28 gram) platinum bars for $US1089.99 ($1591) on its website, but a Costco membership is required for purchase.
The bar features Lady Fortuna, the Roman goddess of prosperity, according to the manufacturer's website. Costco is trying to replicate its recent success with gold bars, with platinum joining the extensive list of precious metals that collectors are snapping up at the retailer.
In 2023, it began selling gold bars and sold more than $US100 million ($146 million) worth of the bars during the first quarter of that year, the company said in its earnings report. Then, earlier this year, Costco started selling silver coins for the first time, at a price of $US675 ($985). The coins are non-refundable, and members can purchase a maximum of five.
Source: https://www.9news.com.au/