Every day, the federal government prints out massive sums of cash to pay for all their taxpayer-funded handouts, especially all of the Biden-Harris regime’s “aid” for foreign nations.
The dollar has less value than ever before, and many experts agree that the dollar will only become weaker as the government rattles off more dollars by the day.
And now Costco cannot keep up as this valuable item continues to fly off the shelf.
Costco shoppers cannot stay away from this simple yet highly valuable item
For thousands of years, humans used silver and gold coinage to buy goods and services in nearly every corner of the world.
This all changed over the last several decades, with many nations, including the United States, adopting fiat currencies made of paper, worthless metals like Zinc, and digital codes instead of tried and true precious metals.
The results have been devastating for the value of the dollar among other currencies, leading to sky-high inflation that has punished working class Americans.
For this reason, many Americans have invested heavily in gold, silver, and other precious metals due to their lasting value.
In just the last year alone, the prices of gold and silver have skyrocketed, with gold jumping from roughly $1,800 to over $2,600 in just one year.
Retail giant Costco has cashed in on the precious metal craze, selling 1 oz. gold and platinum bars at most of their locations.
According to Costco, these gold and platinum bars have flown off the shelves, even with gold prices breaking records on a near daily basis.
Bloomberg News conducted an experiment on the matter, calling 101 Costco stores in 46 states, and Bloomberg found that 77% of these stores sold out of gold bars within days of receiving a new shipment.
Many bullion dealers and coin shops have also had a hard time keeping gold in stock given its low supply and extremely high demand.
Although gold has a very high buy-in price, experts agree that investing in gold can help to protect you from crippling inflation, which has wreaked havoc on the American economy.
And if Kamala Harris and Tim Walz manage to win this November, economists fear that inflation will only continue to skyrocket.
The gold and precious metal craze will not end anytime soon
Humans have always had a fascination with gold, with many civilizations and cities around the world having been formed due to gold mining, or the availability of gold in the area.
As demand for gold skyrockets and the supply of gold dwindles, investors can expect the price of gold to increase.
Costco sales have proven that people will buy gold regardless of the price, with most Costco stores running out of gold bars in the blink of an eye.
Consumers can expect more stores to follow Costco’s example, hoping to cash in on the public’s insatiable desire to get their hands on gold bars and bullion, especially as inflation continues to punish them every time they swipe their credit card.
