Costco Goes Platinum: Store Now Offering 1-Ounce Platinum Bars After Gold and Silver Success

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Following the massive success of its gold and silver offerings, Costco is making headlines once again with the addition of 1-ounce platinum bars to its lineup of precious metals. After selling over $100 million in gold bars between September and November 2023, the retailer is betting that platinum will be just as popular among its members.

Available exclusively online, Costco’s platinum bars offer members a chance to own a piece of the precious metal market. This is not Costco’s first venture into precious metals—the store has previously sold out of gold bars and silver coins, proving the high demand for such assets.

Platinum Bar Details

Costco’s platinum bars are 999.5 pure platinum, manufactured in Switzerland by a refiner accredited by the London Bullion Market Association (LBMA), a global authority on precious metals. Each bar is priced at $1,089.99 and available for delivery within the continental United States, with the exception of Nevada, Louisiana, and Puerto Rico.

Purchase and Delivery Details

• Price: $1,089.99 per 1-ounce platinum bar.
• Availability: Exclusively online for Costco members.
• Shipping: Bars will arrive within 3-5 days of ordering.
• Return Policy: No returns or refunds are allowed for platinum bar purchases.
• Limit: Members can purchase a maximum of five bars per transaction, with only one purchase per membership.

Costco’s Membership Update

In conjunction with the release of its platinum bars, Costco has also recently increased membership fees for the first time since 2017:

• Gold Star Membership: Now $65 annually (up from $60).
• Executive Membership: Increased from $120 to $130, with a raised 2% annual reward cap from $1,000 to $1,250.

A Growing Precious Metals Offering

With over $100 million in gold bars sold in just three months, Costco’s foray into the world of precious metals has been nothing short of a hit. Now, with the introduction of platinum bars, the retailer continues to cater to savvy investors looking to diversify their portfolios.

Costco’s platinum bars are expected to generate just as much enthusiasm, providing another high-value item that fits right in with the company’s commitment to quality and bulk savings. Members eager to add platinum to their collection should act quickly as demand is expected to be high, much like the previously sold-out gold bars.