Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research may determine where and how companies appear. Learn more about how we make money.

Published: May 07, 2024 8 min read

Money is not a client of any investment adviser featured on this page. The information provided on this page is for educational purposes only and is not intended as investment advice. Money does not offer advisory services.

Illustration of a man holding open his suit jacket displaying multiple gold bars
Kiersten Essenpreis for Money

There's been a gold rush at Costco. As prices of the precious metal hit all-time highs on numerous occasions this year, it's fueled a buying spree for gold bars being sold by the members-only warehouse club.

Wells Fargo analysts said they expect Costco's revenue from gold sales to be between $100 million and $200 million per month. But despite the frenzy, some members may experience buyer's remorse if they try to sell their gold in the near future.

For one thing, the price of gold can be volatile. It has retreated from a high of $2,391 per troy ounce set on April 19 to $2,324 per troy ounce today. Additionally, investors holding the physical metal and hoping to sell at a profit may discover that gold bars aren't as easy to offload as gold stocks or gold ETFs.

Learning how to sell your gold is as important as knowing how to buy it. Here's what to know.

Ads by Money. We may be compensated if you click this ad.AdAds by Money disclaimer
Make sure your hard-earned money is protected with a Gold IRA
Gold IRAs help you protect your investments by providing the asset diversification and stability you need. Click on your state to get started.
HawaiiAlaskaFloridaSouth CarolinaGeorgiaAlabamaNorth CarolinaTennesseeRIRhode IslandCTConnecticutMAMassachusettsMaineNHNew HampshireVTVermontNew YorkNJNew JerseyDEDelawareMDMarylandWest VirginiaOhioMichiganArizonaNevadaUtahColoradoNew MexicoSouth DakotaIowaIndianaIllinoisMinnesotaWisconsinMissouriLouisianaVirginiaDCWashington DCIdahoCaliforniaNorth DakotaWashingtonOregonMontanaWyomingNebraskaKansasOklahomaPennsylvaniaKentuckyMississippiArkansasTexas
Invest in Gold

How to sell gold for the highest price