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bidaskbidask Posts: 13,811 ✭✭✭✭✭

The stock is going crazy ?

I manage money. I earn money. I save money .
I give away money. I collect money.
I don’t love money . I do love the Lord God.




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Comments

  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭

    It seems to me that Costco's marketing team must be pretty good at market analysis. They've been pretty successful. That being the case, it appears that the market for gold is healthy.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • johnny9434johnny9434 Posts: 27,286 ✭✭✭✭✭

    i think its a good thing and i wish them well

  • SurfinxHISurfinxHI Posts: 2,321 ✭✭✭✭✭

    They went crazy b/c they declared a $15 special divy AND blew the doors off the numbers.

    Dead people tell interesting tales.
  • MrEurekaMrEureka Posts: 23,813 ✭✭✭✭✭

    Makes me wonder what percentage of the gold sales are to housewives and husbands hiding money from their spouses, businesses hiding money from the government, and employees embezzling money from their employers. If a substantial percentage, Costco is in a position to increase their margins.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • VanHalenVanHalen Posts: 3,757 ✭✭✭✭✭

    Just for size reference: each pallet's worth ~ $30,000,000 so they sold about 3 pallets worth.

  • percybpercyb Posts: 3,295 ✭✭✭

    At what price? I hope they did not rip off the customers.

    "Poets are the unacknowledged legislators of the world." PBShelley
  • MsMorrisineMsMorrisine Posts: 32,001 ✭✭✭✭✭

    they sell them with a lower ask than the competition

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • blitzdudeblitzdude Posts: 5,263 ✭✭✭✭✭
    edited December 16, 2023 4:44PM

    The Costcoers will be shocked when they go to sell those bars and realize they will be offered well under spot. Some call it tuition ......or I suppose at the time of sale spot could be higher than now. Time will tell. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • WingsruleWingsrule Posts: 2,977 ✭✭✭✭

    You need a membership to see the price online

  • derrybderryb Posts: 36,006 ✭✭✭✭✭

    currently no gold bars in their inventory.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • stevekstevek Posts: 27,428 ✭✭✭✭✭

    I think the majority of the public who are interested in obtaining gold, see the ads for gold everywhere, and figure those sellers are shysters.

    So they see Costco as at least a reputable source, and load up as much as they can.

  • GoldFinger1969GoldFinger1969 Posts: 1,116 ✭✭✭✭

    @stevek said:
    So they see Costco as at least a reputable source, and load up as much as they can.

    It's a small bar and it's a small number of buyers, many of who probably are veteran coin or gold collectors.

  • blitzdudeblitzdude Posts: 5,263 ✭✭✭✭✭

    @dcarr said:

    @blitzdude said:
    The Costcoers will be shocked when they go to sell those bars and realize they will be offered well under spot. ...

    Well, yes I suppose, if they go to you.
    But if they go elsewhere, they will do better.

    Bars have the lowest resale value out of all PM products, well except for low grade fantasy tokens. lol THKS!

    The whole worlds off its rocker, buy Gold™.

  • dcarrdcarr Posts: 7,877 ✭✭✭✭✭

    @blitzdude said:

    @dcarr said:

    @blitzdude said:
    The Costcoers will be shocked when they go to sell those bars and realize they will be offered well under spot. ...

    Well, yes I suppose, if they go to you.
    But if they go elsewhere, they will do better.

    Bars have the lowest resale value out of all PM products, well except for low grade fantasy tokens. lol THKS!

    .

    The vintage-style silver bar market is pretty hot.

    I've never offered any gold bars.
    But I have made a number of different silver bars.
    In the last six months, every one of them that has sold on eBay has gone for $100 to $200 per ounce:
    https://ebay.com/sch/i.html?_from=R40&_nkw=%27carr%27+bar&_sacat=11116&LH_TitleDesc=0&rt=nc&LH_Sold=1&LH_Complete=1

    .

  • WingsruleWingsrule Posts: 2,977 ✭✭✭✭

    Looks like about spot +50 or about 2.5% premium

  • WingsruleWingsrule Posts: 2,977 ✭✭✭✭

    Info above from CNBC

  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭

    If blitzdude knew what some of DCarr’s silver 1 ozers sold for, he’d be saving for the next silver overstrike instead of farmland.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • RobMRobM Posts: 524 ✭✭✭

    Putting Costco's gold sales into perspective, their profit margin on those sales is less than 2%. Meanwhile, their TTM PE ratio is 60 and forward PE is over 40.

  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭
    edited December 18, 2023 10:11AM

    2% of $100,000,000 is $2,000,000. That can’t be bad for their P/E, although PE=60 is way high, especially for retail.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,006 ✭✭✭✭✭
    edited January 2, 2024 6:10AM

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • Costco has started selling 20 coin tubes of Silver Eagles. Same deal as with the gold bars - only from their website and they sell out very fast when inventory is available.

    Yelling at clouds on pmbug.com

  • rte592rte592 Posts: 1,379 ✭✭✭✭✭

    What's the return policy?
    If gold takes a hair cut how many people will be inline with returns?

  • The big question, Pamp or Rand

    The substantial truth doctrine is an important defense in defamation law that allows individuals to avoid liability if the gist of their statement was true.

  • MsMorrisineMsMorrisine Posts: 32,001 ✭✭✭✭✭

    no bars. wait for the maples to return

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • BochimanBochiman Posts: 25,277 ✭✭✭✭✭

    @rte592 said:
    What's the return policy?
    If gold takes a hair cut how many people will be inline with returns?

    No return on the gold purchases.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • HalfpenceHalfpence Posts: 433 ✭✭✭✭

    Maples are there now, for $2069.99. Below spot at present.

  • derrybderryb Posts: 36,006 ✭✭✭✭✭

    silver eagles are back for 589.99, but they can be bought cheaper on ebay from a reputable dealer.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • HalfpenceHalfpence Posts: 433 ✭✭✭✭

    @derryb said:
    silver eagles are back for 589.99, but they can be bought cheaper on ebay from a reputable dealer.

    These seem to be lasting much longer. I’m not buying silver at present, but the tax on these make them very expensive (in CA). The thing I like about them is that they’re sealed. I tried to get a sealed tube from dealers some time ago, but was told they didn’t come sealed like this. I guess someone fibbed to me.

  • derrybderryb Posts: 36,006 ✭✭✭✭✭

    mint does not seal ASE tubes, only the boxes they come in. Sealing of individual ASE tubes is done by third party sellers.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • HalfpenceHalfpence Posts: 433 ✭✭✭✭

    @derryb said:
    mint does not seal ASE tubes, only the boxes they come in. Sealing of individual ASE tubes is done by third party sellers.

    Hmmm. The picture is gone now, but it looked like there was a mint seal on each tube.

  • JimTylerJimTyler Posts: 2,984 ✭✭✭✭✭

    @derryb said:

    1 oz gold maples available, limit 2

    Got 2 @2018.50 ea after 2% costco card holder rebate. That's less than spot! B)

    My brother told me about this. Said he missed out. I said I told you guys to buy gold when it was $300 oz. He got this stupid look on his face…….well maybe his regular look.

  • GoldFinger1969GoldFinger1969 Posts: 1,116 ✭✭✭✭

    @jmski52 said:
    2% of $100,000,000 is $2,000,000. That can’t be bad for their P/E, although PE=60 is way high, especially for retail.

    The P/E isn't 60x and they aren't considered a pure-play retail play.

  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭

    I don't follow any stocks, so I was following what RobM had said.

    60 PE is high anyway.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • MsMorrisineMsMorrisine Posts: 32,001 ✭✭✭✭✭

    that's a 3rd party seal and wrapper

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 32,001 ✭✭✭✭✭

    maples back again for members

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • blitzdudeblitzdude Posts: 5,263 ✭✭✭✭✭

    Out of stock here.

    They did have the PAMP bars earlier today and they went out of stock pretty quick. Would be interesting to know how many they sell in a batch. They had both the Lady Fortuna and the year of the dragon ones. Bars don't interest me, they had them listed at $2099.

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,006 ✭✭✭✭✭

    Walmart has joined in but not at competitive prices

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • MsMorrisineMsMorrisine Posts: 32,001 ✭✭✭✭✭

    the items i've found on walmart.com are sold by apmex. i restricted to only sold by walmart and found none

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • blu62vetteblu62vette Posts: 11,900 ✭✭✭✭✭

    Saw some bars back today, will wait for maples.

    http://www.bluccphotos.com" target="new">BluCC Photos Shows for onsite imaging: Nov Baltimore, FUN, Long Beach http://www.facebook.com/bluccphotos" target="new">BluCC on Facebook
  • blitzdudeblitzdude Posts: 5,263 ✭✭✭✭✭

    Costco currently has Gold Maples listed again. $2079.99 with spot at $2040. Not as good of the below spot deal a week or so back but still currently cheaper than any other retail outlet. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • MsMorrisineMsMorrisine Posts: 32,001 ✭✭✭✭✭

    i think availability must be regional because they never went OOS for me

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 36,006 ✭✭✭✭✭
    edited January 3, 2024 3:58PM

    @blitzdude said:
    Costco currently has Gold Maples listed again. $2079.99 with spot at $2040. Not as good of the below spot deal a week or so back but still currently cheaper than any other retail outlet. RGDS!

    Couple of dollars below spot if one gets their 2% rebate.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • tyler267tyler267 Posts: 1,231 ✭✭✭✭

    Costco currently has Rand 1 Ounce Gold bars listed for 2099, with the 2% rebate puts then right around spot.

  • Do gold purchases count towards exec membership CB?

  • MsMorrisineMsMorrisine Posts: 32,001 ✭✭✭✭✭

    bars bring lower bid prices & rand is new. you will likely get a bid of spot or +$10 for them

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • HalfpenceHalfpence Posts: 433 ✭✭✭✭

    I've been waiting for Costco to carry the silver eagles again so I could get a picture of the seal on the tube. Here it is. You can see why I thought it might be a Mint seal, as it's labeled as such.

  • derrybderryb Posts: 36,006 ✭✭✭✭✭

    Here's another pic from their site. If this is done at the mint, it's something new. Their price of
    $599 is a bit high.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • BearlyHereBearlyHere Posts: 260 ✭✭✭✭

    My understanding is they sell these and are sold out immediately as stated above

  • derrybderryb Posts: 36,006 ✭✭✭✭✭
    edited January 10, 2024 5:43PM

    gold bars heavily counterfeited, even those sealed in plastic and with assay cards. Even when a reliable product is bought from a reliable source, your future buying pool, if they know what they are doing, will likely avoid buying your gold bars no matter how legit they are.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

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