To: bull_dozer who wrote (203274 ) 12/20/2023 2:03:17 AM From: TobagoJack Respond to of 218131 wait for end of January before major add am told in the meantime, bullish signtheguardian.com Costco sells $100m in gold bars in most recent quarter Retailer began selling bars of 24-karat gold online in September, with each release selling out ‘within a few hours’ Gloria Oladipo Despite being known for discount prices, Costco does sell a few other expensive items.Photograph: Jim Young/ReutersKnown for selling goods in bulk, Costco’s latest such offering – gold bars – has proved a hit, with $100m worth sold in the most recent quarter, Business Insider reported . With demand for the precious metal rising globally amid the economic uncertainty of the past few years, Costco in September began selling 1oz (28g) bars of 24-karat gold exclusively online, with Costco members eligible to buy two apiece. The retailer has more than 72m paid memberships. Each new release of gold bars usually sells out “within a few hours”, AP reported the Costco CFO, Richard Galanti, saying in a September company earnings call. The exact price of the gold is hard to track, as they are reserved for members only. But some media outlets have reported that the bars cost just under $2,000, slightly below the current market price of gold, which stands at $2,048.30. Despite being known for discount prices, Costco does sell a few other expensive items. In the last economic quarter it reportedly took $20,000 for an index card autographed by the baseball legend Babe Ruth. Galanti also joked that “last-minute shoppers” could still buy an autographed 1951 rookie card from Mickey Mantle for $250,000. Both the cards and the bars are non-refundable. This article was amended on 18 December 2023 because an earlier version mistakenly said the cards and the bars were refundable. When the former Albanian dictator Enver Hoxha delivered his New Year message back in 1967, he pulled the cord marked “truth bomb”. “This year will be harder than last year,” he declared. “It will, however, be easier than next year.” I mean … on the one hand: thanks for not sugar-coating it, Enver. On the other: way to kill the party buzz, you monster! I don’t want to murder the atmosphere (or indeed any dissidents) by reminding you of the news year you’ve just lived through – or by warning you of the news year you’re about to live through. It’s not big, it’s not clever, and it’s sure as heck not seasonal. But I will say, pointedly, that our reporting feels particularly necessary in dark times. If you can, please help support the Guardian on a monthly basis from just $2, so as to keep it open for everyone. I can’t tell you how much it would be appreciated. A free press is needed now as much as it has ever been – and on some days, more than it has ever been. In return for this support, I am formally* bestowing upon you the right to refer to yourself – in conversation, in the pub, and on any business cards you may care to have printed up – as “a newspaper baron”. Face it: if you pay to support a news organisation, then you ARE to all intents and purposes a newspaper baron. Just enjoy it! All the others do. With that, it simply remains is for me to wish you a very happy holidays, and a splendid new year. Goodness knows you’ve earned it.