The price of this Costco item has skyrocketed 108% in just 2 years. Now the retail giant is restricting purchases

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For bargain hunters, Costco has long been a go-to destination. The warehouse giant still sells its hot dog and juice combo for $1.50 — the same price it launched it at in the mid-1980s. But not every Costco item has held its price as stubbornly as the hot dog combo.

Case in point: gold bars.

In late 2023, Costco began selling 1-ounce gold bars. At the time, buyers could choose between two types: the PAMP Suisse Lady Fortuna Veriscan bar and the Rand Refinery bar, priced at $1,979.99 and $1,949.99, respectively, according to Business Insider. Despite the high price, both quickly became hot sellers (1).

Fast forward to today and not much has changed except the price.

As of December 2025, the Pamp Suisse bar retails for $4,119.99, up 108% (2).

The price increase is in line with the broader gold market, which is up about 65% through 2025. What’s more surprising is the continued demand.

Customers are now restricted to “one transaction per member, with a maximum of 4 units per 24 hours,” according to Costco’s website (3).

Gold has long been seen as a way to preserve purchasing power. Unlike fiat currencies, it cannot be printed at will by central banks.

It is also considered a classic safe haven. Gold is not tied to any country, currency or economy, and in times of economic turmoil or geopolitical uncertainty, investors often flock to it, driving up prices.

That’s exactly what seems to be happening now. Markets are gripped by tariff uncertainty, widening deficits and global tensions – and gold has emerged as a rare bright spot.

Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, also emphasized the importance of gold as part of a resilient portfolio.

“People typically don’t have an adequate amount of gold in their portfolio,” he told CNBC. “When bad times come, gold is a very effective diversifier (4).”

Gold hit an all-time high of $4,371.78 an ounce in October, and many experts expect it to continue rising as the stock market outlook turns dire (5).

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