Costco is selling gold bars and they are selling out within a few hours

Costco is well-known as a place to get bargain prices on any variety of items, from food to luggage to appliances to gold bars.

Wait, gold bars?

Yes, the retail warehousing giant is your one-stop shop for one-ounce gold PAMP Suisse Lady Fortuna Veriscan bars, handsomely detailed and ready for purchase.

They’re available for the bargain price of … well, you have to be a member to know that, but apparently they were selling for a little shy of $1,900 recently, according to chatter on Reddit. Spot gold most recently was going for $1,876.56 an ounce as of Wednesday afternoon.

Regardless of the price, gold is selling like hotcakes, judging by comments Tuesday from Costco CFO Richard Galanti. Speaking on the company’s quarterly earnings call, Galanti said the bars are in hot demand and don’t last long when in stock.

“I’ve gotten a couple of calls that people have seen online that we’ve been selling one ounce gold bars,” he said. “Yes, but when we load them on the site, they’re typically gone within a few hours and we limit two per member.”

A couple of important points from that thought: The bars indeed are only available online, and only if you’re a Costco member, which costs either $120 or $60 a year, depending on which program you pick. The retailer also is limiting the purchases to two to a customer, meaning it would be pretty hard to build a position that would lead to financial security.

At the very least, though, it’s an effective promotion and one that could appeal to a certain sector of Costco’s shopping clientele, said Jonathan Rose, co-founder of Genesis Gold Group.

Rose noted that the company seems to have accelerated it’s offerings of dried foods and other survivalist goods at a time when worries about the future are running high. For example, the company markets a 150-serving emergency food preparedness kit that could come in handy, you know, just in case. Gold meshes with that that type…