Costco is reportedly selling up to $200 million worth of gold bars a month.

A report from Wells Fargo reveals that retail giant Costco sells close to $200 million worth of gold bars a month.

Wells Fargo reported, “We view the addition of gold/silver as a smart move for Costco, as it only reinforces its value position.”

The report continued “We view the addition of gold/silver as a smart move for Costco, as it only reinforces its value position.”

Here’s what USA Today reported:

Costco’s decision to sell precious metals has brought it golden buzz.

A Wells Fargo report stated that the bank’s analysts believe that the warehouse retail giant is selling between $100 million to $200 million in gold per month.

Wells Fargo suggested that the precious metal offering was a way to add value to the company’s brand noting that “it’s a very low-profit business at best.”

“We view the addition of gold/silver as a smart move for Costco, as it only reinforces its value position,” the report said.

The buzz around Costco’s offering has led to increased interest in investing in the metal, according to Zachary Scott, general manager of Wilshire Coin in Santa Monica, Calif. Scott said that he is seeing customers who are “less than typical” brought in after seeing gold being sold by “a trusted company.”

“It’s bringing in new buyers and interest, though not in massive amounts, who have seen the articles around Costco selling gold,” Scott said.

Per ABC News:

Costco may be known for exclusive pricing on everything from high-end spirits to food court hot dogs, but an influx of members are going for gold.

The big box retailer, which started selling 1-ounce nearly pure 24-karat gold bars priced at about $2,000 last fall, has seen a growing amount of consumer interest recently amid inflation and economic uncertainty.

“This is a currency that has been around for thousands of years. It is one thing that holds its value and increases its value over a duration of time,” Hitha Herzog, retail analyst and chief research officer at H Squared Research, told ABC News.

RELATED:

“Gold Is Trading Like World War 3 Is Guaranteed!”

I heard a quote today that I thought was really a great way to sum things up regarding gold….

It was my good friend Chris Greene over at AMTV who said “Gold is trading like WW3 is guaranteed!”

In other words, in times of extreme chaos, you flock to the safest assets you can find.

Gold has always been viewed as one of the absolute safest assets you can hold.

Recently, they even reclassified it as an official “Tier 1 Risk Free Asset”, more details about that here:

Gold Is Now A “Tier 1 Risk Free Asset”

So if you think think the world is about to break out in something crazy (like a true World War 3) you would want to move into the safest and least volatile and least risky asset you can find, and since the beginning of time that has been gold.

Perhaps that is why Gold keeps setting new "All Time Highs" almost every day recently.

Check this out:

It's practically happening every day now:

Gee, who has been preaching about gold for the past several months?

That would be me.

You know I never let you down!

Here's what ZeroHedge reported:

Mixed (well good) data this morning - in-line JOLTS (labor market shows no signs of cracking), stronger than expected Factory orders, but weaker than expected durable goods (final) and shipments data actually shrank in Feb (bad for GDP) - had no major impact on rate-cut expectations (which remain low - 67bps total cuts in 2024, 50% odds of June cut). US macro surprise data is picking up (and overnight saw European PMIs better than expected)...

Source: Bloomberg

Here's some more incredible info about what might be coming next (and most importantly, one way you could get Gold right now for no money out of pocket!  Keep reading and I'll give you all the details on that):

Lynette Zang: Fundamental Fair Value of Gold is $40,000 per ounce!

Have you heard of Lynette Zang?

You might not have, because she doesn't always toe the line of what the Financial Media wants you to know...

She's kind of like us, she just tells the truth even if it's on forbidden topics that the Legacy Media wants off limits.

So I like her a lot and find her very informative.

Here's a short bio if you don't know much about her:

Lynette Zang is a renowned financial expert, author, and Chief Market Analyst at ITM Trading, a position she has held since 2002. With a remarkable career spanning over three decades, Zang has established herself as a leading authority in the world of finance, specializing in gold and silver investments, as well as global debt analysis.

Zang's journey in the financial world began in 1964 when she started studying gold and collectibles through her uncle, who was a high-end antique dealer in New York. She began her banking career at the young age of 15 and later transitioned to investment banking, where she focused on the government bond market, learning the intricacies of debt and its impact on the economy.

Throughout her career, Zang has been a strong advocate for financial literacy, aiming to educate people on the underlying reality of the markets and empowering them to make informed decisions. She is the author of the book "The Great Taking: Understanding the Shift in Global Debt," which provides an in-depth analysis of the global debt crisis and offers valuable insights into the financial system.

Zang has also been featured in numerous interviews and presentations, including the Vancouver Resource Investment Conference 2024, where she shared her expertise on the future of the economy and the role of gold and silver in a diversified portfolio. She has consistently demonstrated her commitment to helping individuals and communities navigate the complexities of the financial world and achieve long-term financial stability.

Now....why am I talking about Lynette Zang?

Because she just said something WILD (but not crazy) in a recent interview.

She said if we were to run a calculation on the "fundamental fair value of gold" we would get a price of $40,000 per ounce!

To put that into perspective, as of press time for this article gold is currently trading (manipulated?) at gold is currently trading around $2,260:

Now listen to this stunning clip as Lynette Zang explains the massive manipulation in the precious metals markets and the "fundamental fair value" of gold based on her calculations:

Backup here if needed:

The fundamental fair value of gold is calculated using various models and methodologies, with one popular approach being the Gold Valuation Framework (GVF) developed by the World Gold Council. The GVF takes into account the following key factors:
  1. Economic growth: The model considers the impact of global economic growth on gold demand and supply.
  2. Risk and uncertainty: The model factors in the level of risk and uncertainty in the global economy, as these can affect the demand for gold as a safe-haven asset.
  3. Opportunity cost: The model takes into account the opportunity cost of holding gold, which is the potential return that could be earned by investing in other assets, such as bonds or equities.
  4. Momentum: The model also considers the impact of price trends and investor sentiment on the demand for gold.

What I find very interesting about all of this is that it lines up PERFECTLY with a report I brought you last year.

Do you remember this?

New BRICS Currency — $55 Per One BRIC?

New BRICS Currency -- $55 Per One BRIC?

Heads up folks...

We've been covering this story for a long time and it looks like it's about to launch very soon.

And the results could be devastating.

Depends on your perspective I guess, because GOLD very well could soar!

Allow me to explain.

We've been telling you about the coming BRICS currency that will directly challenge the US Dollar as the world reserve currency.

That's bad...very bad.

Reports are now saying the BRICS currency will be backed by GOLD.

Remember when we took the US Dollar off the gold standard?

Foolish.

And it looks like those chickens are coming home to roost.

EXACTLY like Bo Polny has been telling us each time he comes on my show.

But now let's dig into the details (and be sure to read to the end where I tell you what YOU can do to protect yourself -- you are not a victim or a bystander here, you can take action! More on that below)

Here is Jim Rickards explaining how the BRIC will likely be priced:

And here is another one that claims the BRIC will be valued at $55 USD / one BRIC.

Oh my, that is very bad for the US Dollar.

You have to watch this:

In case you feel a little lost right now, you need to read my prior report which gives you all the backup for how we got here.

And towards the end is what YOU can do right now to protect yourself.

KEEP READING and I'm going to tell you what you can do about it to protect yourself....

More on that in just a minute.

The biggest shock to the international monetary system since 1971:

A lot more in here:

https://www.youtube.com/watch?v=WuJojYDyNRQ

[censored by YouTube]

Ok, so now for everyone asking me what can we do about it, here are my thoughts.

First of all, it's NOT too late!

That's the first thing you need to understand.

It's not too late but you need to move quickly.

You CAN protect yourself.

I'm not a financial advisor, but I always say one thing...

Don't listen to what they TELL you to do.

(That's the misdirection)

Just like a magician trying to keep you distracted while he hides the ball in his other hand, the Federal Reserve and all the so-called "experts" will almost always TELL you the opposite of what is sound advice.

But you should always watch what they themselves are actually doing....

So what are they doing?

Simple: buying GOLD.

Just like I've been telling you for the last 6 months!

Does it all make sense now?

Starting to see the plan all come into focus?

Who has been warning you?

Me!

And Bo Polny!

Take action...

👇

Here's Why Central Banks Are Buying All the Gold They Can -- And What YOU Can Do!

For the last year, central banks across the globe have been buying up as much gold (and often silver) as they can acquire without raising alarm bells. Now, we see why.

The recent bank runs and ongoing collapse of the U.S. banking system was anticipated by the "elites" and the central bankers who run things behind the scenes. They saw it coming and knew the best way to protect their assets was through physical precious metals.

If you've been waiting for me to bring you a solution about what YOU can do to protect yourself and you're family, I'm happy to introduce you to something I absolutely love!

Precious metals.

I just talked about precious metals this week with Bo Polny and now I'm bringing you a solution that you can utilize right away if you're so inclined...

A faith-driven, conservative precious metals company is currently helping Americans tap into the rising precious metals market through self-directed IRAs backed by physical precious metals. And while this service is not unique to Genesis, their adherence to Biblical stewardship of money makes them singularly qualified to receive a sponsored recommendation from this site.

Unlike most companies offering similar services, Genesis deals only with physical precious metals. They do not offer "virtual" or "paper" gold or silver.

With Genesis and their depositories, customers can see and touch the precious metals that back their retirement accounts. When it comes time to take distributions, Genesis customers can cash in some or all of their precious metals or have them delivered to their door.

Central bankers aren't slowing down. In fact, nations like China and even U.S. states like Tennessee are quickly but quietly buying up gold to back their own treasuries. When the writing on the wall is this clear, it's understandable why these governments are moving quickly to get ahead of any potential economic catastrophes in store.

Working with Genesis is the best way our readers can explore the physical precious metals market through self-directed IRAs. It benefits us as well when our readers work with this America-First company.

Visit genesiswlt.com or call 866-292-0443 today.

Don't wait too long, we might have more bank failures right around the corner.

You know what has NEVER "failed"?

Gold.  Precious metals.  Indestructible.

There's a reason they call it "God's money".

Watch this for more:

Don't wait until it's too late!

This is a Guest Post from our friends over at WLTReport.

View the original article here.

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