Costco offers 1-ounce platinum bars for $1,089 amid rising demand for precious metals, due to US dollar instability.

Costco has started selling 1-ounce platinum bars for $1,089 on its website, following its successful gold sales. This move responds to rising demand for precious metals amid concerns about the U.S. dollar's stability. While gold is seen as a stable asset, platinum's demand is more linked to industrial use, making it cyclical. Investors should consider precious metals exchange-traded funds, but be cautious, as these assets require price increases to gain value.

October 18, 2024
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