From a retailer's POV, if they're bullish on gold then gold is risk free inventory.
The big news will be if Costco were to start buying gold back from customers, like other bullion dealers. From there it would be simple for costco to offer cash or goods, and voila... costco are using gold as currency.
From a retailer's POV, if they're bullish on gold then gold is risk free inventory.
The big news will be if Costco were to start buying gold back from customers, like other bullion dealers. From there it would be simple for costco to offer cash or goods, and voila... costco are using gold as currency.
Now THAT is a quite the interesting thought.