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Kiplinger
Kiplinger
Business
Choncé Maddox

Costco Gold Bars Keep Selling Out. Are They a Smart Investment?

(Image credit: Getty Images)

Gold is having a moment, and so is Costco. The precious metal rallied at the beginning of the year, as the classic "safe haven" asset gained in popularity amid economic and geopolitical uncertainty. Despite a temporary dip, multiple analysts expect gold prices to surge to $6,000 or more per ounce by the end of this year.

With price forecasts like that, Costco's glittering 1-ounce gold bars have been selling out consistently online. Curious investors and everyday members alike are clamoring for access. Costco now offers 24-karat gold, silver and platinum options through its website (and occasionally in warehouses).

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