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This is almost exactly it. Costco shoppers will buy whatever they push. And I suspect the cultural factors you’re talking about are the large number of middle c
by addicted 3y ago
This is almost exactly it. Costco shoppers will buy whatever they push. And I suspect the cultural factors you’re talking about are the large number of middle class Indian and Chinese Costco shoppers who will buy gold regularly culturally, and if they see gold being sold in Costco I suspect they will buy it instantly.
- alephnerd 3y ago> large number of middle class Indian and Chinese Costco shoppers who will buy gold regularly culturally Gold hoarding wasn't much of a Chinese thing, and Indian gold purchases were a mix of regional biases (South Indian families seemed to purchase way more gold than equally well off North Indian families) and tend to skew more towards jewelery (why buy a store of wealth when you can buy a store of wealth and show off to the other aunties as well). This is just being used to take advantage of deflated consumer expectations, as the article itself said
- datavirtue 3y agoCostco is their hobby.