Costco makes 9 figures a month selling gold; Now it is offering platinum bars
In times when markets may prove volatile, many move away from the trading and move towards collecting precious metals.
Straight Arrow News
Some shoppers looking for holiday deals may head to Costco for bulk bargains.
The membership warehouse giant has become a tentpole in American life, offering shoppers items ranging from groceries to electronics to gold bars.
The company offers two levels of memberships to both individuals and businesses.
Costco raised membership prices in September for the first time since 2017. The company also started rolling out scanners at warehouses this year, requiring members to scan their membership cards to enter some stores.
Costco generated $4.6 billion in membership fees from nearly 128 million members, according to the company’s 2023 Annual Report.
Here’s what you need to know about Costco memberships.
The best early Black Friday deal on Costco memberships is at Groupon. You can get an annual Gold Star Costco membership for $65 and receive a $45 free digital Costco Shop Card to use on future purchases at any Costco location or online. You can also get the Costco Executive Membership Package for $130 and get a $45 Costco Shop Card.
Gold Star membership
- Price: $65 per year
- Benefits:
- Warehouse access
- Costco Fuel access
- Free household card
- Access to Costco services including: auto and home insurance, Costco Auto Program, pet insurance as well as bottled water delivery
Executive membership
- Price: $130 per year
- Benefits:
- All benefits of Gold Star
- Annual 2% reward on qualified purchases
- Free household card
- Access to Costco services with discounts on select services
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