Costco members have been able to buy gold bars since 2023, and Wells Fargo estimated that Costco members spent between $100 million and $200 million per month on gold bars in 2024. Here are practical steps if you buy precious metals there.
Pay with a high-cashback card. Executive Costco members earn 2% rewards on all purchases. The Citi Costco credit card also offers 2% cash back on Costco purchases, plus higher rewards on some items like gas. Other credit cards may offer higher cash-back rates. If you're opening a new card, consider doing so during an introductory period to capture welcome bonuses.
Costco stocks multiple options, including 2026 American Gold Eagles and Buffalos, Silver Eagle tubes, Canadian Maple Leafs, 10-ounce silver bars, and other precious metals. Research what you want before you go.
Costco limits purchases to a maximum of four units within 24 hours. Different products have varying limits on total units and transactions. Items may sell out.
Costco's standard return policy does not apply to precious metals. All sales are final.
You handle storage after purchase. Costco will deliver to your door or sell in-store, but you must secure the metals yourself. A safe, safe deposit box, and insurance are common options. Tell your heirs about these assets.
Gold carries investment risks. It does not generate income and may underperform stocks. Price volatility exists. Gold is typically viewed as a long-term investment.
Check prices at other dealers before buying. Gold prices fluctuate throughout the day, so review spot prices before purchase.