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expiredSmyrhna posted Aug 26, 2023 03:54 PM
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expiredSmyrhna posted Aug 26, 2023 03:54 PM

Costco.com: 1 oz Gold Bar Rand Refinery (New in Assay) - $1959.99

$1,960

$2,004

2% off
Costco Wholesale
19 Comments 8,064 Views
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Deal Details
Costco.com has 1 oz Gold Bar Rand Refinery (New in Assay) on sale for $1959.99. Free Shipping & Handling

Bar Highlights:
1 oz 999.9 fine gold minted bar
South African-made by a LBMA Good Delivery Refiner
Arrives in a sealed black assay card
Individually stamped with a unique serial number
Rand Refinery is the largest integrated single-site precious metal refining and smelting complex in the world

Terms & Conditions
Item is NON-REFUNDABLE

Specifications
Edge Design: Smooth
Metal Weight: 1 Troy Ounce
Packaging Type: In Assay
Purity: 999.9 Pure Gold (24k)
Series: LOXODONTA

https://www.costco.com/.product.4...D=ios7.5.2
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Costco.com has 1 oz Gold Bar Rand Refinery (New in Assay) on sale for $1959.99. Free Shipping & Handling

Bar Highlights:
1 oz 999.9 fine gold minted bar
South African-made by a LBMA Good Delivery Refiner
Arrives in a sealed black assay card
Individually stamped with a unique serial number
Rand Refinery is the largest integrated single-site precious metal refining and smelting complex in the world

Terms & Conditions
Item is NON-REFUNDABLE

Specifications
Edge Design: Smooth
Metal Weight: 1 Troy Ounce
Packaging Type: In Assay
Purity: 999.9 Pure Gold (24k)
Series: LOXODONTA

https://www.costco.com/.product.4...D=ios7.5.2

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19 Comments

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Pro
Aug 26, 2023 04:06 PM
450 Posts
Joined Nov 2015
hexa_code
Pro
Aug 26, 2023 04:06 PM
450 Posts
Oh boy! Not again
Aug 26, 2023 04:16 PM
4,888 Posts
Joined Dec 2005
mrmochiAug 26, 2023 04:16 PM
4,888 Posts
Quote from hexa_code :
Oh boy! Not again
IMO this is a terrible deal. Rand isn't as prestigious as Pamp and the price is almost $50 over spot. Only proplspective 4% back might sweeten the pot.
2
Aug 26, 2023 04:18 PM
5,980 Posts
Joined Jan 2011
mrdizleAug 26, 2023 04:18 PM
5,980 Posts
If you're as discerning as me, you won't tolerate the 0.1 imperfection.
Aug 26, 2023 04:49 PM
3,294 Posts
Joined Dec 2005
Mr. SparklesAug 26, 2023 04:49 PM
3,294 Posts
Quote from mrdizle :
If you're as discerning as me, you won't tolerate the 0.1 imperfection.
F'ing imperfectionists…
Aug 26, 2023 05:01 PM
956 Posts
Joined Jul 2007
new_berlinAug 26, 2023 05:01 PM
956 Posts
Quote from mrmochi :
IMO this is a terrible deal. Rand isn't as prestigious as Pamp and the price is almost $50 over spot. Only proplspective 4% back might sweeten the pot.
I thought citicostco visa only gives 2% back (except for gas 4%)
Aug 26, 2023 05:34 PM
137 Posts
Joined Nov 2012
scifiguy123Aug 26, 2023 05:34 PM
137 Posts
Quote from new_berlin :
I thought citicostco visa only gives 2% back (except for gas 4%)

If you are an Executive Member you get 2% back also.
Aug 26, 2023 05:35 PM
1,757 Posts
Joined Nov 2011
iHeartPriceMistakesAug 26, 2023 05:35 PM
1,757 Posts
Fool's investment
1
2

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Aug 26, 2023 06:44 PM
15,219 Posts
Joined Nov 2019
LilylyAug 26, 2023 06:44 PM
15,219 Posts
Quote from scifiguy123 :
If you are an Executive Member you get 2% back also.
so 4% for everything at costco?
Aug 26, 2023 07:02 PM
72 Posts
Joined Oct 2022
NervousBoundary652Aug 26, 2023 07:02 PM
72 Posts
What's the point of buying physical gold bars... it's impractical to trade in a SHTF scenario, and bars don't gain collector value like coins. The only way to offload is to sell at below spot... so it's only a hedge if it suddenly gains value, but the world governments manipulate the value (thus is hasn't gone up like everything else with inflation), so what's the practical point? Serious question for those buying.
Aug 26, 2023 07:42 PM
1,561 Posts
Joined Oct 2004
tenkenAug 26, 2023 07:42 PM
1,561 Posts
Quote from NervousBoundary652 :
What's the point of buying physical gold bars... it's impractical to trade in a SHTF scenario, and bars don't gain collector value like coins. The only way to offload is to sell at below spot... so it's only a hedge if it suddenly gains value, but the world governments manipulate the value (thus is hasn't gone up like everything else with inflation), so what's the practical point? Serious question for those buying.
probably pointless if you have USD, as long as it remains the world reserve currency. on the other hand if you were in say Venezuela, Turkey, Lebanon etc, having gold/silver/bitcoin would have prevented your wealth from disappearing
Aug 26, 2023 07:52 PM
52 Posts
Joined Jun 2022
funrideAug 26, 2023 07:52 PM
52 Posts
in 4 2
1
Aug 26, 2023 08:06 PM
72 Posts
Joined Oct 2022
NervousBoundary652Aug 26, 2023 08:06 PM
72 Posts
Quote from tenken :
probably pointless if you have USD, as long as it remains the world reserve currency. on the other hand if you were in say Venezuela, Turkey, Lebanon etc, having gold/silver/bitcoin would have prevented your wealth from disappearing
Valid, although don't countries like these generally seize and make illegal private gold ownership when things that that happen? (thinking about Mexico in the 90's... it's still illegal to take gold out of the country last I heard)
Aug 26, 2023 09:00 PM
1,167 Posts
Joined Dec 2018
Falln2piecesAug 26, 2023 09:00 PM
1,167 Posts
My favorite part of the whole buying gold cause "end of the world" stuff..... What do you think will be of more use if it was a total collapse of the economy, no electricity, no production of anything....... A gold bar or a couple cans of spam and a bottle of water? "But I can trade the gold for that".......lol, yeah, no. If currency is worthless, your dirty metal will also be worthless.
Pro
Aug 26, 2023 10:12 PM
39,302 Posts
Joined Nov 2005
Dr. J
Pro
Aug 26, 2023 10:12 PM
39,302 Posts
Quote from Lilyly :
so 4% for everything at costco?
Executive has a CB cap, the card does not.

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Aug 26, 2023 11:38 PM
91 Posts
Joined May 2013
angryguywalkingAug 26, 2023 11:38 PM
91 Posts
Quote from Falln2pieces :
My favorite part of the whole buying gold cause "end of the world" stuff..... What do you think will be of more use if it was a total collapse of the economy, no electricity, no production of anything....... A gold bar or a couple cans of spam and a bottle of water? "But I can trade the gold for that".......lol, yeah, no. If currency is worthless, your dirty metal will also be worthless.
Exactly, you're better off buying firearms and bullets.

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