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$2,600 Gold -- How Is The Rising Price Changing The Market ?

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  • coastaljerseyguycoastaljerseyguy Posts: 1,347 ✭✭✭✭✭

    Just read the Costco article about them selling 100-200 million a month. Someone quoted their price from this week below. Seems like a small 2-3% markup from spot and the Pamp bar was shown. Loss leader for membership? What do the B&M's charge as a normal markup on bullion when selling to a retail customer?

    On its website, Costco sells its 1 oz gold bar for $2,679.99. You have to be a member to buy the bullion. It's also non-refundable, and there's a limit of five total units per membership

  • jmlanzafjmlanzaf Posts: 34,190 ✭✭✭✭✭

    @coastaljerseyguy said:
    Just read the Costco article about them selling 100-200 million a month. Someone quoted their price from this week below. Seems like a small 2-3% markup from spot and the Pamp bar was shown. Loss leader for membership? What do the B&M's charge as a normal markup on bullion when selling to a retail customer?

    On its website, Costco sells its 1 oz gold bar for $2,679.99. You have to be a member to buy the bullion. It's also non-refundable, and there's a limit of five total units per membership

    2 or 3% is pretty normal. 4% is the ceiling. You're talking $50 to $100 per ounce.

  • pcgscacgoldpcgscacgold Posts: 2,857 ✭✭✭✭✭

    I will have to check if the Executive Membership 2% cash back works on gold. Along with credit card cash back (and rotating 5% offer) Costco could be a place to buy in the future. I think I saw they had Buffalo's at one time.

  • Mr Lindy Mr Lindy Posts: 1,098 ✭✭✭✭✭

    Buffalos are coin so they trigger 1/2 of sales tax outlay in Colorado since they are "coins"

    @pcgscacgold said:
    I will have to check if the Executive Membership 2% cash back works on gold. Along with credit card cash back (and rotating 5% offer) Costco could be a place to buy in the future. I think I saw they had Buffalo's at one time.

  • Cougar1978Cougar1978 Posts: 8,219 ✭✭✭✭✭

    Bumping up my $20 Libs and Saints.

    Coins & Currency

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