Move over, gold bars. Costco is now selling silver coins, too. Here's why investors may want to buy in.
Last September Costco, one of the largest retailers in the United States, announced that it was selling gold bars … and they quickly sold out. Walmart later got in on the action too, capitalizing on a renewed interest in precious metals. Investing in gold hit an 11-year high in the same month. It wasn't surprising, then, that Costco decided to branch out to sell silver as well.
It can hedge against inflationWhile inflation isn't as high as it was in recent years, it's still elevated and above the Federal Reserve's target 2% goal. Against this backdrop, it makes sense to have an added layer of protection — both for now and for the next inflationary cycle in the future. Fortunately, gold and silver can help hedge against inflation, as they tend to maintain their value during such periods and may even see a price rise .
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