After finding massive success with its gold bars, Costco just introduced 1-ounce platinum bars. Here's what you should know before buying one.

The bar is only sold online, and Costco says delivery is unavailable in Nevada, Louisiana and Puerto Rico. But the Costco site on Thursday also noted that the platinum bar was unavailable for delivery in several other locations throughout the U.S., including New York and Utah.

The company sold more than $100 million in gold bars in a three-month period between September and November 2023. It's betting that platinum will do just as well.

Costco shoppers are snatching up the store’s 1-ounce gold bars despite the market’s lofty price for the precious metal. A recent Bloomberg survey of Costco stores in 46 states found that roughly 77% sold out of the 1-ounce bars in the first week,

After having found considerable success selling gold bars, Costco is now looking to capitalise on the sale of another precious metal – platinum. The company said this week that it had begun the sale of 1-ounce Swiss-made platinum bars for $1,

Costco appears to have found a revenue mine with sales of gold bars, as a survey found that some warehouses are unable to keep them on shelves. Bloomberg found that 77% of the 101 stores it surveyed in the first week of October had sold out of the bars,

Spot gold has jumped nearly 30% this year, successively hitting record highs. Its ferocious rally makes it not only one of the best-performing commodities, but also means that metal has