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 Replies: 43 / Views: 4,859 |
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Pillar of the Community
United States
713 Posts |
Is there a secret to buying gold from Costco? I've seen the stories and read the comments about Costco gold since the launch back in August yet I've never seen any offered on it's website or on any of my in person visits to the warehouse. I live in Southern California. Maybe it's a regional thing?
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Pillar of the Community
 United States
5661 Posts |
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Moderator
 United States
187446 Posts |
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Bedrock of the Community
United States
94367 Posts |
I've seen them for sale but never bought one.
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Pillar of the Community
United States
4333 Posts |
Not sure about gold, but buying in the store you'll need a membership card, $60 annually. Buying off the website as a non-member adds a 5% surcharge. I'm not registered on the website but believe that gold is a 'members-only' exclusive so not shown to all.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
 United States
713 Posts |
Thanks for the link Zurie. I did a search for "gold bar pamp" on the Costco website and got nothing back. When I searched "gold bar," all I got were two jewelry items. Oh well. Thanks again.
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Bedrock of the Community
United States
19107 Posts |
For a more sure thing, there is that Costco rotisserie chicken...
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Pillar of the Community
United States
2829 Posts |
I get daily costco emails & from time to time, they offer the 1oz gold pamp bars for sale online.
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Valued Member
Canada
128 Posts |
They usually sell out in minutes when they get stock. In Canada they also sell Canadian maples in gold and silver.
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Valued Member
United States
311 Posts |
If that Wells Fargo account is accurate, that ~2% markup is the key. Looks like most ebay sellers (at least the reputable ones) are at 4-5% markup. ebay crooks sell at a discount to spot and it is amazing that people fall for it. |
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Pillar of the Community
United States
6448 Posts |
You can buy gold at Costco, but it comes as four 32oz tubs shrink wrapped. You can also buy silver, paper towels, and feta cheese in quarter pallet quantities.
I second the recommendation for the rotisserie chicken. Their flank steak is also reasonably priced, and is awesome marinated and grilled.
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Moderator
United States
187446 Posts |
Quote:
Not sure about gold, but buying in the store you'll need a membership card, $60 annually We are no longer members, but our in-laws are. My wife will either go shopping with her mom or her mom will get my wife a gift card, which you can use in the store without a membership. |
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Valued Member
United States
311 Posts |
COSTCO is wise to this. To use a gift card they make you take some added steps. It is not just shop like a member but with a gift card. You have to check in first and get some sort of one time guest pass and you are generally expected to use up the gift card with the visit.
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Pillar of the Community
United States
3342 Posts |
In the meantime gold keeps rising, stirring the bubble-like frenzy..
Right now there isn't a frenzy for holding fiat currency despite the high interest rates. People may be hedging PM's to save for downpayments on car and home loans due to the high cost of borrowing.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
6448 Posts |
Quote:
People may be hedging PM's to save for downpayments on car and home loans due to the high cost of borrowing. I find it very hard to believe that even a tiny fraction of the general population would even understand what you just said, let alone do it. I don't think the price of precious metals is skyrocketing, I think the value of the dollar is plummeting. If gold rose against most major fiat currencies simultaneously, then I would say that gold is being used as an inflation hedge at a large scale. |
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Pillar of the Community
United States
2829 Posts |
There's all kinds of uncertainty, which is (IMO) contributing to higher silver & gold prices.... election year, potential retaliatory strikes from Iran, the devaluation/dilution of the USD, Fed rate cuts (if any this year), etc.
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Replies: 43 / Views: 4,859 |
Posted 04/10/2024 09:44 am
