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Gold and Silver Bullion now Available at Costco (UK)

blitzdudeblitzdude Posts: 5,959 ✭✭✭✭✭
in Precious Metals

https://www.dailymail.co.uk/news/article-8802641/Bulk-buy-retailer-Costco-starts-selling-GOLD-worth-24-500-supermarkets.html

Bringing bulk PM's to the masses. At those premiums, no thanks.

The whole worlds off its rocker, buy Gold™.
BOOMIN!™

Comments

  • derrybderryb Posts: 36,941 ✭✭✭✭✭

    For premium perspective Costco UK puts a six percent mark up on a 50g bar and APMEX puts a 4.4% markup on 10 oz generic bar.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • MilesWaitsMilesWaits Posts: 5,372 ✭✭✭✭✭

    It will still be a better investment than their high-end jewelry section but not comparable to their TP.

    Now riding the swell in PM's and surf.
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I have been a Costco shopper/member since they began....and their prices are great. That being said, I will not be a gold/silver buyer there. A couple of reasons... one, the markup. Two, I have stacks acquired and prices that are less than their premiums :D Cheers, RickO

  • fretboardfretboard Posts: 68 ✭✭✭

    That's amazing as I go to Costco at least once a month. That said, I'm not an idiot and I'm not paying a crazy marked up premiums! :D Shame on Costco UK, wtf?

  • derrybderryb Posts: 36,941 ✭✭✭✭✭

    maybe the extra premium is for "cash and carry."

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

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