GOLD BAR RUSH: Costco cashing in on the craze

JACKIE: BITCOIN HOVERING AROUND $70,000 A DAY AND LOOK AT GOLD, SHINY TODAY HITTING ANOTHER RECORD AFTER 8 STRAIGHT RECORDS IN A ROW. COSCO COSTCO CASHING IN ON THE GOLD CRAZE SELLING AS MUCH AS $200 MILLION IN GOLD BARS MONTHLY. CAN YOU IMAGINE THAT? TAYLOR: IT WAS CHEAPER HAD YOU GOT MY GOLD BAR A MONTH AGO. BRIAN: WE WILL NEED A MEDIATOR FOR THIS THING. JACKIE: YOU HAVE BEEN BUYING GOLD EVERY MONTH. YOU BOUGHT IT FROM COSTCO. WHAT HAS BEEN DRIVING THE PURCHASING DECISION FOR YOU? >> I'VE BEEN BUYING GOLD AND SILVER FOR 30 YEARS. A LOT OF REPORTS COSTCO IS SELLING GOLD AND HAVEN'T SEEN ANYTHING REVIEWED ON YOUTUBE. AND DOCUMENT THE EXPERIENCE, THE GOLD BAR THAT I PURCHASED FROM COSTCO. SEEMED TO BE AN OKAY PROCESS BUT TOOK A LONG TIME TO FIND IT IN STOCK. THEY SELL OUT RIGHT AWAY. LYDIA: JACKIE: ARE YOU BUYING AS A HEDGE AGAINST INFLATION OR DEVALUING CURRENCY ABOUT THE MONEY WE ARE PRINTING? >> YES. I CONSIDERED SAVINGS. THIS IS MONEY AND THIS CABBAGE HERE IS DEBT NOTES THAT I USED TO CASH IN ON MONEY. BRIAN: A BIGGER QUESTION. A LOT OF PEOPLE ASK ME ABOUT GOLD, SILVER. A LOT OF PEOPLE ASK ME THAT QUESTION ARE TRYING TO MOVE MORE OF THEIR LIFE OFF GRID, NOT JUST ABOUT CURRENCY BUT WHERE THEY GET THEIR FOOD, HOW THEIR FAMILY LIVES THEIR LIFE, HOW THEY WORK. I USE SOMEBODY WHO IS ULTIMATELY TRYING TO GET OFF THE GRID OR REMOVE YOURSELF FROM INSTITUTIONS PEOPLE HAVE TAKEN FOR GRANTED FOR HUNDREDS OF YEARS IN THIS COUNTRY. >> NOT SO MUCH. I'M A BUSINESS OWNER, COMMERCIAL REAL ESTATE. RIGHT IN THE MIDDLE OF THE GRID. I CAN'T GET OFF GRID TOO MUCH BUT MAINLY USE IT. ULTIMATELY CONVERT IT BACK TO US DOLLARS TO PURCHASE MORE INVESTMENT PROPERTY. JACKIE: WHAT'S THE LOWEST PRICE YOU PURCHASE A BAR AT? >> THIS IS THE FIRST GOLD BAR I PURCHASED, I NORMALLY PURCHASE GOLD COINS LIKE AMERICAN GOLD BUFFALO. THE CHEAPEST IS $1,100. I WAS MAINLY SILVER IN THE LATE 90s IN EARLY 2000s AND GOT MORE AFTER THE MID-2000s.

Channel: Fox Business

Views: 40,577

Keywords: big money show, brian brenberg, costco, costco gold, costco gold bars, costco gold bars for sale, costco gold rush, costco member, costco membership, fbn, fox, fox business, fox business channel, fox business media, fox business network, fox news media, gold, gold and silver, gold and silver investing, gold investing, investments, jackie deangelis, precious metals, silver, taylor riggs

Id: sRqHMBkFO4U

Length: 3min 7sec (187 seconds)

Published: Thu Apr 11 2024