Kitco:
https://www.kitco.co...tail-purchasing
“The company prices the product attractively, providing members gold at ~2% above spot prices before a 2% cash back reward for executive members and another 2% in cash back for those with the Citi card. That being said, pricing at that level and shipping costs suggests it’s a very low-profit business at best,” the analysts said.
The equity analysts said they estimate Costco is selling $100 to $200 million in bullion every month.
The analysts also noted that while bullion sales are helping to drive online sales, they are probably not adding much to the company’s bottom line.
WHAT'S IN YOUR MAILBOX?
Edited by Rogerdodger, 03 June 2024 - 11:54 AM.