Costco's gold rush is bringing in big bucks. The membership-based wholesale retailer sold an eye-popping $100 million in one-ounce gold bars last quarter, Costco CFO Richard Galanti said Thursday in an earnings call. Amid persistent inflation , consumers are snapping up the gold which previously sold out within hours. The bars, which are currently out of stock, cost between $1,950 and $1,980 this fall . The spot price for gold was more than $2,000 an ounce as of Monday. Gold has traditionally performed well during periods of economic turbulence, earning a reputation as an inflation hedge. Spot gold prices reached a record high of…
