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 $100 per ounce.
I will have to check if the Executive Membership 2% cash back works on gold. Along with credit card cash back (and rotating 5% offer) Costco could be a place to buy in the future. I think I saw they had Buffalo's at one time.
Buffalos are coin so they trigger 1/2 of sales tax outlay in Colorado since they are "coins"
@pcgscacgold said:
I will have to check if the Executive Membership 2% cash back works on gold. Along with credit card cash back (and rotating 5% offer) Costco could be a place to buy in the future. I think I saw they had Buffalo's at one time.
more like 3500$, I expect a magical point for profiting taking tips the scales back into the 2500$ range but If I sold 100k worth of gold Im not sure where I would put the 100k. I will say my primary neckless and bracelet I've had since the early 2000s and wear everyday is over 20K in gold at todays prices (compared to about 2k when I bought them) and its giving me 2nd thoughts about wearing it so much.
For gold - The more it goes up the more of them priced out or risk averse. If it does drop potential big loss.
On the other hand maintain your overall plan gold position. For me it’s a combo investment and retail inventory class. Being that they are big ticket margins can be tight. Can get much higher margin on currency.
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 drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$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 (retail price) my $20 Libs and Saints.
You mean "If it goes to $3,300...."
more like 3500$, I expect a magical point for profiting taking tips the scales back into the 2500$ range but If I sold 100k worth of gold Im not sure where I would put the 100k. I will say my primary neckless and bracelet I've had since the early 2000s and wear everyday is over 20K in gold at todays prices (compared to about 2k when I bought them) and its giving me 2nd thoughts about wearing it so much.
11.5$ Southern Dollars, The little “Big Easy” set
For gold - The more it goes up the more of them priced out or risk averse. If it does drop potential big loss.
On the other hand maintain your overall plan gold position. For me it’s a combo investment and retail inventory class. Being that they are big ticket margins can be tight. Can get much higher margin on currency.