Spot gold has jumped nearly 30% this year, successively hitting record highs. Its ferocious rally makes it not only one of the best-performing commodities, but also means that metal has

Costco began selling the gold bars last September for about $2,000 each to its rewards members. In late January, it started offering one-ounce silver coins in a pack of 25 for $67

The Swiss-made bars are only available to Costco members, whose annual fees range from $65 to $130. Made of 999.5 pure platinum, the bars are non-refundable and limited to one transaction per membership at a maximum of five units per order. They are only available online and can’t be delivered to customers in Louisiana, Nevada or Puerto Rico.

Demand for the bars comes amid soaring gold prices, with the spot price for bullion hitting a record $2,686 on Sept. 26, according to APMEX.

The trend, based on calls made to 101 stores in 46 states, highlights a growing shift among shoppers to secure the tangible assets as a hedge against financial instability. The stores surveyed said they had restocked their gold products.

Costco (NASDAQ:COST), the US-based retail giant, has expanded its range of precious metals investments by introducing platinum bullion bars and coins to its product line. Following the successful launch of its gold bullion investment offerings in 2023,