Costco now sells gold bars. Are they a good investment?

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Costco is selling 24-carat gold bars for $2,679.99 each — and the company says they're selling out within hours of being replenished.

Canadians can now buy gold bars at Costco, but one financial expert warns it might be an investment with limited return — unless you're planning to flee the country.

CBS reported last week that Richard Galanti, chief financial officer at Costco, said the bars were selling out within hours- Will Huggins So pretty much anybody who can sell gold is able to tap into people who have these inflationary fears. For the most part, people buy gold when inflation begins to bite, said Will Huggins. The real appeal is that it plays to mythology, that gold is safe. Gold is secure. Gold always holds value.

An 18th-century gambler crashed France's economy. His story tells us something about money today, says author It's not like a herd of cattle or some land or a corporate entity that we can keep bringing new people into. It's just a yellow rock.

 

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