COSTCO

Estil · February 7, 2024 11:16AM

@blitzdude said:

I am an investor in the metal of kings aka The Au. Every great once in a while just like your typical crackhead, I find myself stuck in the gutter. RGDS!

You know what crack does to ya?
https://www.youtube.com/watch?v=uJ1hKtYOx_c

Estil · February 7, 2024 6:35PM

@derryb said:

@Estil said:
Why would Costco of all places be selling silver and gold? Isn't this the sort of thing you should get at a REAL gold/silver dealer who actually knows the product and knows what they're doing?

You could always buy your gold at an airport vending machine.

I thought that was only Kuwait or Saudi Arabia that had that...are there silver vending machines too?

Estil · February 7, 2024 6:39PM

@blitzdude said:

I am an investor in the metal of kings aka The Au. Every great once in a while just like your typical crackhead, I find myself stuck in the gutter. RGDS!

If that's true, I hope you managed to get your Au back when it <$300/oz...or at least <$1000/oz! I can't imagine gold has much more room to grow in value and if anything I'd think it'd be far more likely to have a bubble burst. I know you think silver is a joke but that's all I can afford to collect...I mean the cheapest way to collect gold that I know of (the kind where you can collect a yearly sequence) is the 1/10 oz gold eagles (dime sized)? and those are what, $250-$300 each or so? For that much I'd rather fill in silver dime/quarter/half holes in my albums or check off silver eagles or maples from my list or maybe even get what, 3-4 of those proof eagles in the fancy packaging?

blitzdude · February 8, 2024 1:00PM

Maples live again $2069.

bidask · February 8, 2024 3:37PM

@RobM said:
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.

Always has been an expensive stock

derryb · February 9, 2024 8:19PM

ASEs are back in stock

SONOMOSCA · February 9, 2024 8:53PM

@derryb said:
ASEs are back in stock

They also raised the maximum purchase to 5 rolls per transaction from 2 rolls.

MsMorrisine · February 10, 2024 8:05PM

@SONOMOSCA said:

@derryb said:
ASEs are back in stock

They also raised the maximum purchase to 5 rolls per transaction from 2 rolls.

and slapped a 1 transaction per member rule on it

SONOMOSCA · February 11, 2024 10:41AM

@MsMorrisine said:

@SONOMOSCA said:

@derryb said:
ASEs are back in stock

They also raised the maximum purchase to 5 rolls per transaction from 2 rolls.

and slapped a 1 transaction per member rule on it

I don't believe it's being enforced like the way it sounds. One can have additional transactions at a different time.
I've never had a problem buying over the limit in-store doing 2 separate transactions on the same account.

I think @derryb can confirm this based on a prior post of his, assuming he used the same membership account.

SONOMOSCA · February 12, 2024 12:18PM

I think someone might be getting in trouble if these go live with that price.
$499.99 minus 4% would be $19.20 each.

blitzdude · February 13, 2024 4:54PM

Live $610 for a roll of 25. $23.42 each after 4% rebates. RGDS!

blitzdude · February 16, 2024 2:50PM

Stuff currently live, 2024 gutter eagles (price raised to $549), 100G Rand Gold bars $6599 etc.. RGDS!

blitzdude · February 17, 2024 6:59PM

The Au is currently $2013. Costco went live with Maples again at $2069. With max 4% rebates (-82.79) net price $1987. Under spot for a govt issued ozt of the Au. RGDS!

P.S. Oh shitteee its the '24 charles version. New item was wondering why it let me buy again, different item number. THKS!

derryb · February 21, 2024 11:41AM

silver maples now available at $630 per 25 coin tube.

linky

Halfpence · February 21, 2024 1:25PM

Buffalo is up. Very hard to get. Constantly going out of stock.

rte592 · February 22, 2024 6:11AM

@derryb said:
silver maples now available at $630 per 25 coin tube.

linky

Any yet blitzdude says you can't make money on silver
Carry on...my local G&S store is higher than Costco.

blitzdude · February 22, 2024 7:47AM

@rte592 said:

@derryb said:
silver maples now available at $630 per 25 coin tube.

linky

Any yet blitzdude says you can't make money on silver
Carry on...my local G&S store is higher than Costco.

I got mine last week at $609. I wouldn't pay $630 for a roll of gutter. Personal choice obviously. RGDS!

P.S. Costco has been selling cheaper than all the dealers and with the potential of 4% rebates it was a no brainer. They have slowly been raising prices and I would expect soon they will be right in line with everyone else. THKS!

ctf_error_coins · February 22, 2024 10:14AM

Buying Costco stock is way better than buying gold

blitzdude · February 22, 2024 10:15AM

@ctf_error_coins said:
Buying Costco stock is way better than buying gold

Some of us buy both.

ctf_error_coins · February 22, 2024 11:06AM

COST is our largest holding. My wife is a supervisor there.

NVDA is our second largest holding

Next 2 biggest, AAPL, AMZN

blitzdude · February 23, 2024 7:47AM

I was never a fan of the final portrait of the Queen on the Maples but I can say she certainly makes for a better obverse than her son Chuck. Thanks Costco. RGDS!

Halfpence · February 23, 2024 11:14AM

I really like the packaging.

blitzdude · February 29, 2024 1:00PM

Gold Eagles available $2099.99. -$84 with 4% rewards, $2016 out the door with spot @ $2045. RGDS!

derryb · February 29, 2024 1:04PM

@blitzdude said:

Gold Eagles available $2099.99. -$84 with 4% rewards, $2016 out the door with spot @ $2045. RGDS!

Costco rewards is only 2%:

blitzdude · February 29, 2024 1:09PM

2% executive membership, 2% costco citi card = 4%.

Personally, I don't have the Citi card but did upgrade to the executive membership, so I am getting 1.5% back with Capital One and 2% executive = 3.5%. RGDS!

SONOMOSCA · February 29, 2024 1:55PM

2024 Gold buffalos are up! Picked up a few, glad I held off from buying the AGE's. I really wanted the Buffalos!

blitzdude · February 29, 2024 2:49PM

@SONOMOSCA said:
2024 Gold buffalos are up! Picked up a few, glad I held off from buying the AGE's. I really wanted the Buffalos!

They were gone fast but back up again. Got em finally. THKS!

Edit: Back in stock for the 3rd time.

mattniss · March 1, 2024 11:42AM

Back in stock and at a really good price given today's run!

EDIT: Looks like it's out of stock once again already.

SONOMOSCA · March 1, 2024 10:13PM

Looks like some items are hitting the clubs, found the Pamps at my Costco this evening.
An employee told me the Pamp Lunar Dragons were in a nearby location about a month ago.

blitzdude · March 2, 2024 5:10AM

@SONOMOSCA said:
Looks like some items are hitting the clubs, found the Pamps at my Costco this evening.
An employee told me the Pamp Lunar Dragons were in a nearby location about a month ago.

Figured they would be hitting the warehouses soon. I'll have to check next time I visit but I am almost 70 miles from my "local" Costco. I only visit every few months. Hopefully they plan to stock some AGE/AGB/GML etc. THKS!

SONOMOSCA · March 4, 2024 2:33PM

@blitzdude said:

Figured they would be hitting the warehouses soon. I'll have to check next time I visit but I am almost 70 miles from my "local" Costco. I only visit every few months. Hopefully they plan to stock some AGE/AGB/GML etc. THKS!

>

That's a good distance for a Costco run. I just returned from my local Costco (about 1 mile away) picking up my buffalos and they still have the Pamp bars priced at $2099.99, the employee said they sold 4 and have 15 left.

I like the convenience of having Items shipped to Costco for pickup, and not having to wait around for the UPS driver. My last order was placed on the wrong truck and arrived at 8:00 p.m.

blitzdude · March 4, 2024 3:12PM

@SONOMOSCA said:

@blitzdude said:

Figured they would be hitting the warehouses soon. I'll have to check next time I visit but I am almost 70 miles from my "local" Costco. I only visit every few months. Hopefully they plan to stock some AGE/AGB/GML etc. THKS!

>

That's a good distance for a Costco run. I just returned from my local Costco (about 1 mile away) picking up my buffalos and they still have the Pamp bars priced at $2099.99, the employee said they sold 4 and have 15 left.

I like the convenience of having Items shipped to Costco for pickup, and not having to wait around for the UPS driver. My last order was placed on the wrong truck and arrived at 8:00 p.m.

They do ship fast. received the buffs today, order placed on 2/29 as well. Glad Mrs. Blitzdude was here to sign. I had a service call in the big city this morning and actually went right by my local warehouse. Totally skipped my mind to stop and see if they were stocking anything in store. Hopefully I remember next time. RGDS!

blitzdude · March 4, 2024 3:53PM

Gutters up, $27.50 a round retail, $26.40 after max rebates. Spot $23.82. RGDS!

mattniss · March 4, 2024 5:00PM

First gold I've seen available since the recent run in spot prices. Looks like they've now accounted for it.

blitzdude · March 4, 2024 5:31PM

@mattniss said:
First gold I've seen available since the recent run in spot prices. Looks like they've now accounted for it.

Yep $200 higher than when they were selling them back in mid-February. Still under spot with rebates but personally I avoid bars like the plague. RGDS!

derryb · March 6, 2024 10:57AM

25 silver maples now available for $680

mattniss · March 6, 2024 11:55AM

Exploitable glitch alert?!?!

Seeing the 1oz Rand bars listed on the search results page at $2159, but when you click into it they are showing up as below spot at $2099!

blitzdude · March 6, 2024 3:14PM

@derryb said:
25 silver maples now available for $680

Knew it was only a matter of time, Costco getting greedy. RGDS!

mattniss · March 7, 2024 6:26PM

And getting greedier! But now available...

SONOMOSCA · March 8, 2024 2:18PM

I was in my Costco a few hours ago and they still have the Pamps for $2,159.99, ($2,073.59 after 4% rebate).
A little over a $100 under current spot! Looks like that price was set on 3/6 according to the price tag.
I was tempted, but I'll stick with the coins!

blitzdude · March 8, 2024 5:27PM

Eagles are live, looks like Buffalos will be coming up again as they've just updated the price on my watch list. Holey Moley, getting a nosebleed up in here with these current retail Au prices. RGDS!

blitzdude · March 8, 2024 6:22PM

Buffs Live. RGDS!

pragmaticgoat · March 9, 2024 5:54AM

@mattniss said:
And getting greedier! But now available...

got one of these ugly mugs last week for 2089, just one day before gold spiked up.

derryb · March 9, 2024 7:14AM

@pragmaticgoat said:

@mattniss said:
And getting greedier! But now available...

got one of these ugly mugs last week for 2089, just one day before gold spiked up.

first year of ugly mug will become valuable if it becomes only year of ugly mug. Last year of queen on all maples might eventually bring a premium.

Bochiman · March 9, 2024 7:46PM

Looks like at least a few people who don't know how costco prices stuff. LOL. Saying they are getting "greedy".
Costco has a set % they go for and with PMs, availability and pricing changes. Costco has to roll with that.

Now, as for these gold bits...I can see the SAEs but never can see, online, the GAE nor the Gold Buffs. Sucks. Oh well.

RobM · March 11, 2024 6:46AM

https://www.businessinsider.com/costco-silver-coins-scratched-damaged-bullion-royal-canadian-mint-reviews-2024-3?amp

derryb · March 11, 2024 7:37AM

@RobM said:
https://www.businessinsider.com/costco-silver-coins-scratched-damaged-bullion-royal-canadian-mint-reviews-2024-3?amp

looks like the damaged coins were a result of tubes opening up during shipment. My costco silver tubes remained sealed during transit, they were properly packaged.

blitzdude · March 11, 2024 12:46PM

@RobM said:
https://www.businessinsider.com/costco-silver-coins-scratched-damaged-bullion-royal-canadian-mint-reviews-2024-3?amp

I bought 3 tubes of Maples. Luck for me they arrived intact, but the tubes were just rolling around in the box and not secure at all. I can see how they could easily open during transit. They also shipped out of NYC so in my case the route was short and they only had a couple hundred miles to travel. RGDS!

derryb · March 11, 2024 2:57PM

Kitco news discusses PMs at Costco

Bochiman · March 11, 2024 7:21PM

@derryb said:

@RobM said:
https://www.businessinsider.com/costco-silver-coins-scratched-damaged-bullion-royal-canadian-mint-reviews-2024-3?amp

looks like the damaged coins were a result of tubes opening up during shipment. My costco silver tubes remained sealed during transit, they were properly packaged.

Ditto. My roll was well packaged and secured. No movement.

COSTCO

Comments

Categories