Costco Members: 1oz. (.9999) PAMP Fine Gold Suisse Lady Fortuna Veriscan Bar

scarletwahoo

Jul 4, 2023 7:15 PM

740 Comments

Joined Mar 2005

scarletwahooJul 4, 2023 7:15 PM

740 Comments

Quote from scdiamond

:

Yeah that is the unfortunate part. Everything is doubled.

Pay, real estate, clothing, food, etc.

Yup, food and housing are definitely twice as much. I feel stupid for working hard to paying off my student loans early, and saving up for a down payment and savings cushion in case I was laid off. I wasted the past few years of life doing that. I work 3 jobs now trying to catch up, and it's impossible with our economy and inflation. Most millennials and Gen-Z that don't already own a home never will.

I've been buying T-Bills every week and maxing out my yearly I-bond purchase. I'm thinking about buying gold now as well.

KGubba

Jul 4, 2023 7:36 PM

53 Comments

Joined Dec 2017

KGubbaJul 4, 2023 7:36 PM

53 Comments

Is the order canceled for anyone? I ordered 2 from my account and 2 from my friend's account to my address using my card. The one from my friend's account got canceled

landogriffin

Jul 4, 2023 8:15 PM

222 Comments

Joined Mar 2008

landogriffinJul 4, 2023 8:15 PM

222 Comments

Quote from scarletwahoo

:

Yup, food and housing are definitely twice as much. I feel stupid for working hard to paying off my student loans early, and saving up for a down payment and savings cushion in case I was laid off. I wasted the past few years of life doing that. I work 3 jobs now trying to catch up, and it's impossible with our economy and inflation. Most millennials and Gen-Z that don't already own a home never will.

I've been buying T-Bills every week and maxing out my yearly I-bond purchase. I'm thinking about buying gold now as well.

Your gripes are real, but until you study bitcoin (it takes time for it to click) you won't understand why you're in this spot or how to escape it. Gold has a place in your portfolio too, depending on your age. I bought this gold deal, but in reality it's inferior to self-custodied bitcoin.

https://whybitcoinonly.com/

2

sdsteveo

Jul 4, 2023 9:04 PM

32 Comments

Joined Feb 2016

sdsteveoJul 4, 2023 9:04 PM

32 Comments

Just nabbed one. Keep refreshing.

$147.25 (7.75%) sales tax estimated for San Diego CA. Ordered from desktop webpage on a computer.

Last edited by StevenP5476 July 4, 2023 at 02:07 PM.

rxdemon

Jul 4, 2023 9:13 PM

332 Comments

Joined Aug 2017

rxdemonJul 4, 2023 9:13 PM

332 Comments

Damn it product not found

CTRL-ALT-DEALS

Jul 4, 2023 9:50 PM

7.6K Comments

Joined Sep 2014

CTRL-ALT-DEALSJul 4, 2023 9:50 PM

7.6K Comments

Quote from LordVaako

:

So many agencies, so many predictions:

In its gold price projection on 24 April ABN-Amro Group estimated the precious metal to average at $1,900/oz in 2023 and rise to $1,950 by the end of 2024.

ANZ Research projected gold to be trading at around $2,100 by the close of 2023, accelerating to $2,200 by September 2024.

The World Bank's long-term gold price forecast as of April 2023 expected gold prices to finish 2023 at $1,900, falling to $1,750 by the end of 2024.

Meanwhile, algorithm-based price forecasting service WalletInvestor was bullish in their gold rate prediction for the next 5 years as of 16 May. The website saw the metal rising to $2,289 by May 2028. WalletInvestor's projected gold price to trade at $2,090 in one year's time.

Bitcoin is the new Gold. Now is the DCA /accumulation time prior to the next halving cycle and supply shock.

1

CTRL-ALT-DEALS

Jul 4, 2023 9:51 PM

7.6K Comments

Joined Sep 2014

CTRL-ALT-DEALSJul 4, 2023 9:51 PM

7.6K Comments

Quote from landogriffin

:

Your gripes are real, but until you study bitcoin (it takes time for it to click) you won't understand why you're in this spot or how to escape it. Gold has a place in your portfolio too, depending on your age. I bought this gold deal, but in reality it's inferior to self-custodied bitcoin.

https://whybitcoinonly.com/

Exactly this.

The only scenario where gold outperforms Bitcoin is following a world apocalypse that destroys the internet.

I wasn't paying attention to BTC in 2013 and I put $50k into gold/silver. today it's still worth about $50k, while $50k itself is worth much less due to inflation.

Had I put that same $50k into BTC, it would have been worth $50-66 million at the peak. I'm paying attention to BTC and Dollar Cost Averaging (DCA) all this year.

Last edited by SlickSmiles July 4, 2023 at 02:56 PM.

1

mprincebuyer

Jul 4, 2023 10:17 PM

677 Comments

Joined May 2011

mprincebuyerJul 4, 2023 10:17 PM

677 Comments

Does anyone know how to sell these when prices are high?

PoopinMoney

Jul 4, 2023 10:34 PM

32 Comments

Joined Mar 2018

PoopinMoneyJul 4, 2023 10:34 PM

32 Comments

OP deserves more credit for this post. It is roughly 2% less than spot on 7/4/23 and 6.8% less than APMEX is selling for right now if you pay by check/wire. 11% less than if by a credit card. True you need to be prepared for about 5% less than spot when you sell. But if you just consider this product for a purchase you make today, and you cash in on the Costco 4%, this deal is slick assuming prompt delivery and you were able to avoid sales tax. Arguably low risk if you sell quickly. Sure buying at less than spot could be indicative of lower prices in the future. You can always second guess your investments.

2

sdsteveo

Jul 4, 2023 11:12 PM

32 Comments

Joined Feb 2016

sdsteveoJul 4, 2023 11:12 PM

32 Comments

Quote from PoopinMoney

:

OP deserves more credit for this post. It is roughly 2% less than spot on 7/4/23 and 6.8% less than APMEX is selling for right now if you pay by check/wire. 11% less than if by a credit card. True you need to be prepared for about 5% less than spot when you sell. But if you just consider this product for a purchase you make today, and you cash in on the Costco 4%, this deal is slick assuming prompt delivery and you were able to avoid sales tax. Arguably low risk if you sell quickly. Sure buying at less than spot could be indicative of lower prices in the future. You can always second guess your investments.

If you're going to buy gold, getting it at less than spot with a credit card with Costco's 4% back is a slick deal, no doubt about it.

Last edited by sdsteveo July 4, 2023 at 05:24 PM.

kida182001

Jul 5, 2023 12:12 AM

3.8K Comments

Joined Apr 2011

kida182001Jul 5, 2023 12:12 AM

3.8K Comments

Quote from sdsteveo

:

If you're going to buy gold, getting it at less than spot with a credit card, with Costco's 4% back, and with their famous purchase and return protections is a slick deal, no doubt about it.

No return protection for this one because it's no return/refund…period.

2

sdsteveo

Jul 5, 2023 12:24 AM

32 Comments

Joined Feb 2016

sdsteveoJul 5, 2023 12:24 AM

32 Comments

Quote from kida182001

:

No return protection for this one because it's no return/refund…period.

You are right; updated comment.

Fondgain

Jul 5, 2023 1:22 AM

1.6K Comments

Joined Dec 2010

FondgainJul 5, 2023 1:22 AM

1.6K Comments

Quote from rpacer

:

My stupid wife wouldn't let me buy this and now it's OOS. Fml 😞

Buy, then argue later. You're stupid for not thinking that Smilie

1

FatFreddie

Jul 5, 2023 1:58 PM

1.3K Comments

Joined May 2006

FatFreddieJul 5, 2023 1:58 PM

1.3K Comments

Quote from sdsteveo

:

Just nabbed one. Keep refreshing.

$147.25 (7.75%) sales tax estimated for San Diego CA. Ordered from desktop webpage on a computer.

No tax if you buy two

1

SLV8

Jul 5, 2023 2:37 PM

138 Comments

Joined Nov 2011

SLV8Jul 5, 2023 2:37 PM

138 Comments

Just got shipping email

Costco Members: 1oz. (.9999) PAMP Fine Gold Suisse Lady Fortuna Veriscan Bar

$1,900

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