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As Costco sells platinum, experts explain how the precious metal differs from gold [Business Insider]

Costco Wholesale Corporation (COST)  More Company Research Source: Business Insider
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
The wholesaler has already sold through multiple rounds of platinum coins and bars in the past week. But experts caution that the metal is not considered a safe-haven investment like gold. Costco shoppers have been snapping up a broad selection of gold and silver products over the past year. Gold sales were up by a double-digit percentage in the fourth quarter, Costco CFO Gary Millerchip said on the company's earnings call last week, and now the wholesale club is adding platinum to the mix. Multiple rounds of one-ounce platinum coins and bars priced at roughly $1,090 have sold out at Costco in the past week, according to the automated listing tracker on a Reddit forum for enthusiasts of the retailer's precious metals. The coin, produced by the Canadian Mint, and the bar, from the Swiss PAMP refinery, were each listed at a slight premium to the metal's spot price, which hovered around $1,005 as of Friday. In addition, Costco's website says members are limited to a single t [Read more]
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Stockreport

As Costco sells platinum, experts explain how the precious metal differs from gold [Business Insider]

Costco Wholesale Corporation  (COST) 
More Company Research Source: Business Insider
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
The wholesaler has already sold through multiple rounds of platinum coins and bars in the past week. But experts caution that the metal is not considered a safe-haven investment like gold. Costco shoppers have been snapping up a broad selection of gold and silver products over the past year. Gold sales were up by a double-digit percentage in the fourth quarter, Costco CFO Gary Millerchip said on the company's earnings call last week, and now the wholesale club is adding platinum to the mix. Multiple rounds of one-ounce platinum coins and bars priced at roughly $1,090 have sold out at Costco in the past week, according to the automated listing tracker on a Reddit forum for enthusiasts of the retailer's precious metals. The coin, produced by the Canadian Mint, and the bar, from the Swiss PAMP refinery, were each listed at a slight premium to the metal's spot price, which hovered around $1,005 as of Friday. In addition, Costco's website says members are limited to a single t [Read more]
IMPACT SNAPSHOT
EVENT TIME:
COST
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS