{"id":1446388,"date":"2023-12-28T23:00:00","date_gmt":"2023-12-29T04:00:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1446388"},"modified":"2023-12-28T23:00:00","modified_gmt":"2023-12-29T04:00:00","slug":"first-costco-now-walmart-major-retailers-now-offer-gold-bars","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/first-costco-now-walmart-major-retailers-now-offer-gold-bars\/1446388\/","title":{"rendered":"First Costco, Now Walmart? Major Retailers Now Offer Gold Bars"},"content":{"rendered":"

First Costco, Now Walmart? Major Retailers Now Offer Gold Bars <\/span><\/p>\n

\n

X users report that Walmart is the latest major retailer to offer a variety of gold products in its online store. This comes several months after membership-based wholesale retailer Costco began selling 1 oz. gold bars.\u00a0<\/p>\n

“Walmart is selling gold and silver. Are you awake yet? This is a financial change,” one X user said.\u00a0<\/p>\n

Walmart is selling gold and silver. Are you awake yet? This is a financial change. pic.twitter.com\/WLxSrPJOSh<\/a><\/p>\n

\u2014 Crypto Rich (@hustlewithRich) December 23, 2023<\/a><\/p>\n

Another X user said: “First Costco, Now Walmart.”\u00a0<\/p>\n

First Costco Now Walmart #Gold<\/a> #Silver<\/a> #Collapse<\/a> pic.twitter.com\/3hKT4BjzwD<\/a><\/p>\n

\u2014 thetainvestor\u2122 (@thetainvestor) December 26, 2023<\/a><\/p>\n

Here’s what others are saying:<\/p>\n

Looks like $GOLD<\/a> is reversing off this spike today that is attracting every last buyer including Walmart and Costco buyers<\/p>\n

\u2014 @mcm_ct_usa (@mcm_ct_usa) December 27, 2023<\/a><\/p>\n

Walmart is not selling bullion direct to consumer. They are being sold by @APMEX<\/a> @usmint<\/a> etc looks like they are just trying to capture as much exposure as possible for @Costco<\/a> @Walmart<\/a> customers ( which is smart, major FOMO at all time highs for GOLD )<\/p>\n

\u2014 Darth Grogu (@_GalacticChild) December 27, 2023<\/a><\/p>\n

Walmart appears to be getting on the precious metals action following Costco CFO Richard Galanti’s comments earlier this month about\u00a0incredible gold bar demand<\/a>\u00a0among consumers:\u00a0<\/p>\n

“You’ve probably read about the fact that we’re selling one-ounce gold bars. We sold over $100 million of gold during the quarter.”\u00a0<\/em><\/p>\n

Galanti continued:<\/p>\n

“When we load them [gold bars] on the site, they’re typically gone within a few hours.”<\/em><\/p>\n

Costco’s and Walmart’s gold rush comes as gold prices have soared 14% since early October to a new record high of $2,088 this week. Gold’s strength has been underpinned by traders’ aggressive pricing of Federal Reserve rate cuts<\/a>.<\/p>\n

<\/a><\/p>\n

The yellow metal “is the answer for many things at the moment \u2013 whether it’s inflation carrying on, rate cuts or the uncertainty with very costly wars going on,” said Jo Harmendjian, portfolio manager at Tiberius Group AG.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nThu, 12\/28\/2023 – 18:00<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/commodities\/first-costco-now-walmart-major-retailers-now-offer-gold-bars<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

First Costco, Now Walmart? Major Retailers Now Offer Gold Bars X users report that Walmart is the latest major retailer to offer a variety of…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1446388","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1446388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1446388"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1446388\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1446388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1446388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1446388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}