A Wells Fargo scientist stated in a statement released on April 9 that Costco has generated substantial profits since it began selling golden plates online next year.
The merchant started selling one-ounce metal plates last year for about$ 2, 000 depending on the price of silver. Gold is also available for about$ 675-7 for a rod of 25 coins.
Wells Fargo estimated that the firm’s revenue for gold “may now be running at”$ 100 million to$ 200 million each month, reported CNBC. The main U. S. bank did not provide an forecast for Costco’s gold sales.
” Our work suggests there has been significant attention given Costco’s extreme prices and higher level of customer believe”, said Edward Kelly, with Wells Fargo, in a word to customers….
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