Costco, which started offering gold bars last year online and in a few stores, has been selling out within hours. Gold buyers, especially those on the younger side, say it is a hedge against catastrophe.

A potential future new gold mine near Melbourne, Victoria, has been sketched out by capital markets firm Bell Potter.

Southern Cross Gold intends to dual list on one of the Canadian exchanges. SXG is up 900% since listing in 2022.

Southern Cross (ASX:SXG) mining intends to list on a Canadian stock market in mid-May. The market is strongly supporting the move – SXG shares were up 15.84% to $1.98 per share at 11am AEDT on Tuesday.

On March 5, Southern Cross reported its best drill intercept yet at the Sunday Creek project, with hole SDDSC107

Southern Cross Gold's Sunday Creek in Victoria continues to set and smash records regularly with the latest intercept, including the highest-grade result yet, within what the company describes as a "spectacularly long and high-grade intersection of gold-antimony mineralisation".