Home› Precious Metals

Gold and Silver Bullion now Available at Costco (UK)

blitzdudeblitzdude Posts: 5,892 ✭✭✭✭✭
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™.

Comments

  • derrybderryb Posts: 36,819 ✭✭✭✭✭

    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.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • MilesWaitsMilesWaits Posts: 5,356 ✭✭✭✭✭

    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: 36,819 ✭✭✭✭✭

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

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Sign In or Register to comment.