Home Promoted Post Costco Sold $100 Million Worth Of Gold Bars In Three Months – But How Do You Own Gold if Money Is Tied Up In a Retirement Account?

Costco Sold $100 Million Worth Of Gold Bars In Three Months – But How Do You Own Gold if Money Is Tied Up In a Retirement Account?

by Chelsea Betonie

The demand for physical precious metals has been rising.  Central banks have been buying ton after ton for two years. Even some U.S. states — like Tennessee — are filling their coffers with physical precious metals.

Seeing the demand, Costco is offering gold bars to members — and sold over $100 million worth in their last reported fiscal quarter.

The Epoch Times reported: 

Wholesale retailer Costco sold more than $100 million worth of gold in the most recent quarter, with gold bars seeing high demand from customers.

“You’ve probably read about the fact that we’re selling one-ounce gold bars. We sold over $100 million of gold during the quarter [that ended Sept. 30],” Richard Galanti, the chief financial officer of Costco, said during an earnings call on Dec. 14. This was the first quarter of fiscal 2024 at Costco . . . .

. . . Earlier this month, spot gold prices hit an all-time intraday record high of $2,152. Spot gold was trading at roughly $1,200 in 2019. Analysts expect gold prices to remain elevated next year because of geopolitical uncertainty, potential rate cuts by the Federal Reserve, and a weaker U.S. dollar.

Buying gold at Costco is great for those who have extra cash on hand — but what if you have money tied up in retirement accounts?

Is it possible to rollover or transfer retirement accounts into physical precious metals and keep the money tax-deferred?

Genesis Gold Group says, “Yes.”

Genesis Gold Group specializes in self-directed IRAs backed by gold and silver. As a Christian company, they believe this is an appropriate form of financial stewardship that puts Americans’ money on the fiscal high ground.

This isn’t “paper” or “virtual” gold or silver; Genesis Gold Group customers can physically see their precious metals at their convenience. And when it comes time to take a disbursement, they can convert to cash or have their precious metals shipped directly to their homes.

Click here to reserve an appointment with Genesis Gold Group.

Genesis Gold Group was given 5 stars by reviewers on the Better Business Bureau website. Here is what some of them say:

“Genesis Gold Group has been very helpful to me as a first time customer. They were very patient with me and answered every question I had. The process of moving my funds from my former account to Genesis Gold Group was straightforward and easy. I highly recommend their services.” — Brian B.

“Recently, I had two experiences with Genesis Gold Group and both were very easy transactions. My agent was very knowledgeable and informative about the products that I was interested in. I suggest that for anyone looking to move their retirement into tangible materials, Genesis Gold Group is the company to choose.” — Joyce R.

“Genesis Gold Group is a wonderful company to do business with. The staff are knowledgeable, courteous, and patient. They know I’ve had many questions before, during, and even after opening my Self-Directed IRA and everyone has been very kind and open. Start your Gold IRA with Genesis Gold Group without reservation!” — Gerald C.

To talk to Genesis Gold Group about owning precious metals via your retirement accounts, click here to reserve your appointment today.

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