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
@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.
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.
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.
Comments
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.
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.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Buffalos are coin so they trigger 1/2 of sales tax outlay in Colorado since they are "coins"
Bumping up my $20 Libs and Saints.