Costco Wholesale and Walmart are both starting to sell gold bars.
First, Costco sold gold bars to its members looking to invest in more than bulk household purchases. Now the warehouse retailer is selling silver coins too.
Walmart has also started selling precious metals such as gold and silver in its online store, following in the footsteps of Costco Wholesale.
Against the backdrop of high inflation, gold has become the new favorite of American consumers.
The value of gold and silver is expected to continue to climb in 2024 on expectations that the Federal Reserve will start cutting interest rates.
Gold currently trades at $2255.
Will Indian supermarkets sell gold?
Gold has been always been one of the favorite investments for Indians, as evident from the fact that Indian households hold over 21,000 tonnes of gold. Indians prefer to buy gold jewelry and this trend could change if Gold is sold in supermarkets.
There are Gold ETFs and Sovereign Gold Bonds (SGB) as well. Additionally Gold from supermarkets should be exciting for gold investors.