Costco (COST) has started selling 1-ounce platinum bars on its website, adding to its existing gold and silver offerings.

The platinum bars, reportedly priced at $1,089.99, are only available online and have a limit of one purchase per membership. That’s a slight markup on the platinum spot price of $1,025, acc🍬ording to APMEX. 

The 澳洲幸运5开奖号码历史查询:membership-based retailer launched 澳洲幸运5开奖号码历史查询:gold bars on its website in August 2023 and would sell out of them within hours, with members being limited to two gold bars. In April, Wells Fargo analysts reportedly estimated the company was selling $200 million worth of gold bars per month.

Platinum as a Commodity

For decades, platinum traded at a premium to gold; however, this trend has reversed since 2008. Today, platinum is commonly used in jewelry and plays a crucial role in many industries, including the auto industry as it's used for catalytic converters for vehicles.

The price of platinum is up less than 2% since the start of the year, compared to a 28% increase for gold.