YouTube creator Mark Tilbury purchased a 10-gram gold bar from Costco for $1,614 [1, 2].
The purchase highlights a growing trend of retail investors seeking physical assets through unconventional channels to hedge against market volatility.
Tilbury said he shared the details of the transaction to explain his process for acquiring physical gold. He sought to take advantage of limited-time offerings available at the warehouse club [5]. The gold bar he acquired weighed 10 grams [2] and cost $1,614 [1, 2].
According to reports, the purchase occurred in 2023 [3]. Documentation of the trend included photos taken at a Costco location in New York on Oct. 4, 2023 [3]. Tilbury said he used the experience to demonstrate how he checks prices and completes the buying process for precious metals.
Physical gold is often viewed as a safe-haven asset. By purchasing through a retail giant like Costco, investors may find a more accessible entry point than traditional bullion dealers, though such items often sell out quickly [5].
Tilbury's approach emphasizes the importance of verifying spot prices before committing to a retail purchase. This ensures that the premium charged by the retailer remains competitive with the global market value of the metal.
“Mark Tilbury purchased a 10-gram gold bar from Costco for $1,614.”
The availability of precious metals at big-box retailers lowers the barrier to entry for novice investors. However, the limited nature of these offerings and the potential for retail premiums mean that buyers must remain diligent about current market spot prices to ensure the investment is sound.
