Costco's 1-ounce gold bars have surged 73% in price in 2 years — but now the retailer is restricting purchases

Yahoo

03-06-2025

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For bargain hunters, Costco has long been a go-to destination. The warehouse giant famously still sells its hot dog and soda combo for $1.50 — the same price it launched with back in the mid-1980s. But not every Costco item has held its price as stubbornly as the hot dog combo.
Case in point: gold bars.
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In late 2023, Costco began selling 1-ounce gold bars. At the time, shoppers could choose between two types: the PAMP Suisse Lady Fortuna Veriscan bar and the Rand Refinery bar, priced at $1,979.99 and $1,949.99, respectively, according to Business Insider. Despite the hefty price tag, both quickly became hot sellers.
'When we load them on the site, they're typically gone within a few hours,' then-CFO Richard Galanti said during a September 2023 earnings call. 'And we limit two per member.'
Fast forward to today, and not much has changed — except the price.
As of June 2, 2025, the Rand Refinery 1-ounce bar is listed at $3,369.99, while the PAMP Suisse version is priced at $3,389.99. That marks a 73% and 71% increase, respectively, in less than two years.
But the jump in price is in line with the broader gold market, which has surged roughly 72% over the same period. What's more surprising is the continued demand.
Both the Rand Refinery and the PAMP Suisse gold bars are out of stock on Costco's website at the time of writing, and the company has tightened purchase limits. Customers are now restricted to 'one transaction per membership, with a maximum of two units per 24 hours.'
Gold has long been viewed as a way to preserve purchasing power. Unlike fiat currencies, it can't be printed at will by central banks.
It's also considered a classic safe haven. Gold isn't tied to any one country, currency or economy, and in times of economic turmoil or geopolitical uncertainty, investors often flock to it — driving prices higher.
That's exactly what appears to be happening now. Markets are getting whipsawed by tariff uncertainty, rising deficits and global tensions — and gold has emerged as a rare bright spot.
Many high-profile investors are sounding bullish. Jeffrey Gundlach, founder of DoubleLine Capital and known as the 'Bond King,' recently predicted that gold could climb to $4,000 an ounce.
Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates, also highlighted gold's importance as part of a resilient portfolio.
'People don't have, typically, an adequate amount of gold in their portfolio,' he told CNBC. 'When bad times come, gold is a very effective diversifier.'
While Costco has imposed purchase limits on its gold bars, many bullion dealers still offer gold coins and bars without such restrictions. Just be sure to check the premium — dealers (including Costco) typically sell gold at a markup over the spot price.
Another way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of Priority Gold.
Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, thereby combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an option for those looking to help shield their retirement funds against economic uncertainties.
When you make a qualifying purchase with Priority Gold, you can receive up to $10,000 in silver for free.
Read more: You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher.
Gold isn't the only asset investors turn to for preserving their purchasing power — real estate has also proven to be a powerful tool.
When inflation rises, property values often increase as well, reflecting the higher costs of materials, labor and land. At the same time, rental income tends to go up, providing landlords with a revenue stream that adjusts for inflation.
Over the past five years, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index has jumped by more than 50%, reflecting strong demand and limited housing supply.
Of course, high home prices can make buying a home more challenging, especially with mortgage rates still elevated. And being a landlord isn't exactly hands-off work. Managing tenants, maintenance and repairs can quickly eat into your time (and returns).
The good news? You don't need to buy a property outright — or deal with leaky faucets — to invest in real estate today. Crowdfunding platforms like Arrived offer an easier way to get exposure to this income-generating asset class.
Backed by world class investors like Jeff Bezos, Arrived allows you to invest in shares of rental homes with as little as $100, all without the hassle of mowing lawns, fixing leaky faucets or handling difficult tenants.
The process is simple: Browse a curated selection of homes that have been vetted for their appreciation and income potential. Once you find a property you like, select the number of shares you'd like to purchase, and then sit back as you start receiving positive rental income distributions from your investment.
Another option is Homeshares, which gives accredited investors access to the $35 trillion U.S. home equity market — a space that's historically been the exclusive playground of institutional investors.
With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property.
With risk-adjusted target returns ranging from 14% to 17%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets.
Access to this $22.5 trillion asset class has traditionally been limited to elite investors — until now. Here's how to become the landlord of Walmart or Whole Foods without lifting a finger
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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.