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Costco has gold bars for sale

SONOMOSCASONOMOSCA Posts: 419 ✭✭✭
in Precious Metals

FYI...I just noticed an advertisement for a Rand gold bar on Costcos home page.
Seems to be a good deal if you have the Costco Citi CC and executive
membership for a total of 4% money back. At $1,959.99 minus the 4%
would work out to $1,881.59...not too shabby!

The site also shows a Pamp bar, but the page says "product not found" when clicked on.

BST transactions - Wondercoin, SNMAN , Mb423, Timbuk3

Comments

  • derrybderryb Posts: 36,809 ✭✭✭✭✭

    Gold bars, particularly sealed with an assay card, are notoriously counterfeited out of China. For this reason alone, I avoid them, and so do most other buyers when it becomes time to resell.

    "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

  • SONOMOSCASONOMOSCA Posts: 419 ✭✭✭

    @derryb said:
    Gold bars, particularly sealed with an assay card, are notoriously counterfeited out of China. For this reason alone, I avoid them, and so do most other buyers when it becomes time to resell.

    I agree! I personally don't have any gold bars in an assay, but have a few silver pamps.

    Turns out the offer was short lived as now the products aren't accessible on Costcos site any longer.

    I sure wouldn't mind if they sold some AGE's or Gold Buffalo's at those prices!

    BST transactions - Wondercoin, SNMAN , Mb423, Timbuk3
  • blitzdudeblitzdude Posts: 5,891 ✭✭✭✭✭

    Bars still available for me but it only allows a limit of 2 per member. I am still buying the metal of kings but as mentioned above I also steer clear of all bars sealed with assay cards. I would expect that Costco is buying from a source that no doubt is selling authentic product and I would be 100% confident that Costco would 100% stand behind the authenticity. It is a good deal if you have the Costco Visa and an Executive Membership. I also agree bring on the AGE's, I'll certainly buy if the premiums are right. THKS!

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,809 ✭✭✭✭✭

    Silver to gold ratio is screaming to buy silver not gold. Sucessfully profiting from silver volatility dictates paying close attention to what the SGR tells us

    "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

  • UnknownUnknown
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  • secretstashsecretstash Posts: 1,396 ✭✭✭✭
    edited August 28, 2023 10:39AM

    @dealer6871 said:
    When I was completing my University degree, I learned from one of my Asian studies professors that China had duplicated San Francisco (within China) altogether. The whole city! Weird...but I guess if you're a desperate Communist, you could, and would, try to duplicate anything that you think "smells" of Capitalism. Sad but true.

    They may have been speculating on their own land, but now San Francisco is completely run by Chinese corporations who are masked as USA companies for tax incentives, among other corruption.

  • ike126ike126 Posts: 802 ✭✭✭✭✭

    Seen a couple of ppl get them over on Reddit everyone checked out ok no fakes

  • RarityRarity Posts: 1,422 ✭✭✭✭

    The Royal Canadian gold bar looks pretty and authentic to me.

  • johnny9434johnny9434 Posts: 28,325 ✭✭✭✭✭

    @secretstash said:

    @dealer6871 said:
    When I was completing my University degree, I learned from one of my Asian studies professors that China had duplicated San Francisco (within China) altogether. The whole city! Weird...but I guess if you're a desperate Communist, you could, and would, try to duplicate anything that you think "smells" of Capitalism. Sad but true.

    They may have been speculating on their own land, but now San Francisco is completely run by Chinese corporations who are masked as USA companies for tax incentives, among other corruption.

    bring in the clowns

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