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Now, Wells Fargo estimates that Costco "may now be running at" $100 million to $200 million per month in gold sales.

"Our work suggests there has been significant interest given COST’s aggressive pricing and high level of customer trust," said analyst Edward Kelly in a Tuesday note to clients. "The accelerating frequency of Reddit posts, quick on-line sell-outs of product, and COST’s robust monthly eComm sales suggests a sharp uptick in momentum since the launch," CNBC reports.

Costco is selling one-ounce bars made of nearly pure 24-karat gold. While the price is not disclosed online to nonmembers, it’s estimated that the product generally sells for about 2% above the spot price, which as of Tuesday morning was around $2,357 an ounce. That would put the price at Costco just over $2,400.

Sales of Costco gold bars are now limited to five per customer (up from two), while executive members receive 2% back. Those who use their Citigroup credit cards will receive a further 2%.

"Pricing at that level and shipping costs suggests it’s a very low profit business at best," wrote Kelly.

Spot prices for gold have notably been on a tear this year, rising over 13% YTD amid persistent inflation, nearly $35 trillion in national debt (and growing), and investor fears over the state of the 'deteriorating US fiscal situation,' according to the report.
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https://www.zerohedge.com/commodities/pamp-it-costco-selling-200-million-gold-bars-month-wells-fargo-saysCostco is selling one-ounce bars made of nearly pure 24-karat gold. While the price is not disclosed online to nonmembers, it’s estimated that the product generally sells for about 2% above the spot price, which as of Tuesday morning was around $2,357 an ounce. That would put the price at Costco just over $2,400.
In case anyone is having a hard time with the question "Are you better off now than you were 4 years ago?"

Here you go!!

AND... Don't forget that when the Biden regime discusses inflation they go off of the CPI and most of THESE items are conveniently no longer counted
#minds

Our servers have recently gone belly up, so if you have been trying to reach our images, website, or blog and haven't, that is why.

We don't have an ETA for when it will be back up, but we are trying to do it ASAP.

Sorry for the inconvenience.

​​​​​​​Recent research has shed light on the profound impact of wind turbine-generated infrasound on biodiversity, revealing a silent but alarming threat. With frequencies below 20 hertz, infrasound permeates ecosystems, raising concerns among researchers about its effects on both animals and humans.
https://www.ntd.com/silent-threat-the-hidden-dangers-of-wind-turbine-infrasound_985022.html

My latest article for Yellow Scene Magazine. Thoughts on Boulder's famous Dark Horse Saloon. yellowscene.com/2024/04/10/fro "The Dark Horse is the bar you find on dead planets at the far edge of star systems. Its cousins are Mos Eisley on Tatooine, and Hangman’s Hollow, last stop of the Galaxy Express."

After demonizing anyone who complained about it as 'right-wing extremists', the German government just released crime stats showing migrants commit nearly half the crimes.

https://www.youtube.com/watch?v=ko855SUQdeM
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Mainly gaming/nerd instance for people who value free speech. Everyone is welcome.