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Costco’s gold bars are selling out. Here’s where else to buy them.
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Warehouse giant Costco made headlines last year when it surprised the nation by adding 1-ounce gold bars to its online product lineup. While gold bars may seem like an unusual addition to Costco’s bulk item offerings, the initial demand was so high that the gold bars sold out quickly. And, while the warehouse quickly restocked its online inventory, it remained difficult for buyers to get their hands on Costco’s gold bars.
Fast forward to today, Costco continues to sell gold and recently added platinum bars to the mix. These days, Costco’s gold bars are now available online and in select warehouse locations, but it appears that the gold bars remain just as popular as ever. According to a new Bloomberg survey, about 77% of the Costco locations that stock bullion bars reported they were out of stock by the first week of October — despite these stores having received recent shipments.
If you’ve been hoping to buy gold bars from Costco but can’t seem to snag one due to the high demand, don’t worry. There are several other options available for Americans who are interested in purchasing physical gold.
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Where to buy gold bars now
Here are a few other options for buying physical gold if you’re left empty-handed by Costco’s gold drought:
Online precious metal dealers
Online precious metals dealers are one of the most convenient and reliable ways to buy gold bars. By utilizing these platforms to purchase your gold, you can find a wide selection of gold products in various sizes, and most have extensive customer reviews to help guide your purchasing decision.
By using a reputable online dealer, you’ll typically also get secure, insured shipping and the ability to track your purchase every step of the way. That can make this option ideal for investors who want the convenience of shopping from home.
For example, JM Bullion, one of the largest and most trusted online dealers, offers gold bars from a variety of mints, including Credit Suisse, PAMP Suisse and the Royal Canadian Mint. Their website provides detailed information on the size, weight and purity of each bar. APMEX is another online dealer known for its wide selection and competitive prices, and it offers a variety of gold bars in different sizes.
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Local gold dealers
For those who prefer to see the product in person before purchasing, local bullion dealers can be a great option to consider. Many cities across the U.S. have reputable bullion dealers who specialize in gold, silver and other precious metals, making this option accessible to a large pool of investors.
Buying from a local dealer also allows you to physically inspect the gold bars and ask questions face-to-face with a knowledgeable seller. Plus, purchasing in person means you can take your gold home immediately, avoiding shipping fees and the wait time that comes with online purchases. Some local dealers will also allow you to order online and pick up in-store, providing a blend of convenience and security.
Banks and credit unions
Some banks offer gold bars for sale directly to their customers and may facilitate gold purchases through partnerships with dealers. The advantage of buying gold through a bank is the trust and security that comes with dealing with a well-established institution.
Buying gold through a bank typically involves setting up a special account or making arrangements with a personal banker. As a result, the process can be more formal and may require larger minimum purchases compared to other options. For those who already have a strong relationship with their bank, though, this can be a convenient and secure way to invest in gold.
Banks typically offer high-quality, certified gold bars, often from well-known refineries. The main drawbacks are that the selection may be limited and prices might not be as competitive as other sources due to the additional layers of service and security provided by the bank.
The U.S. Mint
The U.S. Mint does not sell gold bars directly, but it does offer a variety of gold coins, including the popular American Gold Eagle, to investors. Gold coins can be a good alternative to gold bars for investors who want to buy government-backed gold in a recognized form. And while these gold coins have slightly higher premiums than bars due to their legal tender status, they are a highly liquid and easily recognizable investment.
The American Gold Eagle coin is available in four sizes, all of which are guaranteed for their weight and purity by the U.S. government: 1 ounce, 1/2 ounce, 1/4 ounce and 1/10 ounce. You can purchase U.S. Mint products through its official website.
The bottom line
While Costco’s gold bars are highly sought after and may be difficult to find in stores right now, there are many other reliable ways to purchase gold bars. Whether you prefer the convenience of online dealers, the face-to-face interaction of local bullion shops, or the security of buying from a bank, there are plenty of options available to suit your investment needs. The key is to approach each purchase with due diligence to ensure that you’re making the most well-informed investment decision possible.
Hundreds of cruise passengers and workers fell ill with norovirus on three different ships this month, the Centers for Disease Control and Prevention said.
The CDC has logged outbreaks in 2024 on 14 cruise voyages, but three ships were hit in December. This is the only month this year when the CDC has reported three confirmed norovirus outbreaks on cruise ships and there’s still more than a week to go before the month ends. In all, 301 passengers and crew members fell ill during the December outbreaks, health officials said.
Those on Princess Cruises’ Ruby Princess, on a trip around Hawaii’s island, and Holland America’s Rotterdam and Zuiderdam voyages, both in the Caribbean, mostly dealt with diarrhea and vomiting.
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Two Holland America cruise ships hit by norovirus
The most recent outbreak was on Holland America’s Rotterdam ship, which set sail on Dec. 8 and is set to end its Caribbean
trip Friday in Fort Lauderdale.
Officials said 83 of the 2,192 passengers on board and 12 of the 953 crew members were sickened.
“At Holland America Line, the safety and well-being of our guests and crew is our top priority. During the current voyage, a number of guests on Rotterdam reported symptoms of gastrointestinal illness,” a Holland America spokesperson said. “The cases have mostly been mild and quickly resolving.”
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In response to the outbreak, there was additional cleaning and disinfection. Sick passengers and crew members were isolated. Stool specimens were collected for testing. The cruise line also consulted with the CDC’s Vessel Sanitation Program.
Once the Rotterdam ship arrives in Fort Lauderdale on Friday, it will undergo a comprehensive sanitization process before its next trip, according to the cruise line.
There was also a norovirus outbreak on Holland America’s Zuiderdam voyage earlier this month. Over the course of the Dec. 4-Dec. 11 voyage, 87 out of 1,923 passengers were reported ill, in addition to four of the 757 crew members, according to health officials.
A Holland America spokesperson declined to comment on the Zuiderdam outbreak because the voyage had already ended.
Norovirus, the “cruise ship virus”
Princess Cruises also dealt with a norovirus outbreak this month on its Ruby Princess ship during a cruise that started on Dec. 2 and ended on Wednesday. The ship started its journey in San Francisco and toured around Hawaii, according to CruiseMapper.
In all, 103 of 3,001 passengers and 12 of 1,142 crew members onboard reported being ill.
The Ruby Princess was also subject to increased cleaning and disinfection procedures, according to the CDC. Stool specimens were collected for testing and sick passengers and crew members were isolated. The cruise line consulted with the CDC’s Vessel Sanitation Program.
CBS News has reached out to Princess Cruises for comment.
There are about 2,500 reported norovirus outbreaks in the U.S. each year. Norovirus, which is sometimes called the “cruise ship virus,” causes more than 90% of diarrheal disease outbreaks on cruise ships, according to the CDC. However, norovirus outbreaks on cruise ships account for only a small percentage of all reported norovirus outbreaks.
“Norovirus can be especially challenging to control on cruise ships because of the close living quarters, shared dining areas, and rapid turnover of passengers,” according to the CDC. “When the ship docks, norovirus can be brought on board in contaminated food or water; or by passengers who were infected while ashore.”
This year, the CDC has logged outbreaks on 14 cruise voyages. Norovirus was listed as the causative agent for most of the outbreaks, though one was caused by salmonella and one was caused by E. coli. The causative agent of one outbreak remains unknown.
Norovirus outbreaks are usually more common during cooler months, typically happening from November to April in countries above the equator, according to the CDC.
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