Owen Rightward
As the repercussions of liberal governance and “Bidenomics” continue to ripple through the economy, everyday Americans are seeking refuge in assets they trust. Costco’s CFO, Richard Galanti, revealed in a recent earnings call that their one-ounce gold bars, a symbol of stable value, are selling out almost immediately upon listing.
“Due to the unstable economic conditions fueled by Bidenomics, consumers are now turning to gold. Our gold bars, once listed, are disappearing within hours,” Galanti lamented during the retailer’s Q4 earnings discussion.
Costco’s online store showcases two gold bar options for concerned consumers: a 24-karat bar from Rand Refinery at $1,949.99 and another from PAMP Suisse for $1,979.99. Both carry a commendable 4.9-star rating. However, in the current climate of inflation and dwindling trust in the liberal government’s economic policies, these bars come with a no return or refund policy.
Reddit users, many of whom blame the unchecked inflation on the current administration, voice their frustrations over the difficulty in securing these sought-after assets. Yet, for the fortunate few who manage to snag a bar and possess a Costco executive membership card, there’s a 2% cashback consolation, as highlighted by Reddit insiders.
As a testament to the state of “Bidenomics,” the Nasdaq’s gold price stands at $1,919 per ounce, underscoring the urgency many feel to invest in tangible assets amidst a volatile economy.
