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

$1,959.99
$2,004.00
+2 Deal Score
6,443 Views
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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Costco.com: 1 oz Gold Bar Rand Refinery (New in Assay) - $1959.99
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Joined Nov 2015
Deal Magnet
> bubble2 445 Posts
472 Reputation
hexa_code
08-26-2023 at 09:06 AM.
08-26-2023 at 09:06 AM.
Oh boy! Not again
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Joined Dec 2005
Imperator
> bubble2 3,894 Posts
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mrmochi
08-26-2023 at 09:16 AM.
08-26-2023 at 09:16 AM.
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.
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Joined Jan 2011
L9: Master
> bubble2 5,784 Posts
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mrdizle
08-26-2023 at 09:18 AM.
08-26-2023 at 09:18 AM.
If you're as discerning as me, you won't tolerate the 0.1 imperfection.
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Joined Dec 2005
Suck my Spargel
> bubble2 2,842 Posts
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Mr. Sparkles
08-26-2023 at 09:49 AM.
08-26-2023 at 09:49 AM.
Quote from mrdizle :
If you're as discerning as me, you won't tolerate the 0.1 imperfection.

F'ing imperfectionists…
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Joined Jul 2007
L5: Journeyman
> bubble2 834 Posts
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new_berlin
08-26-2023 at 10:01 AM.
08-26-2023 at 10:01 AM.
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%)
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Joined Nov 2012
L3: Novice
> bubble2 124 Posts
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scifiguy123
08-26-2023 at 10:34 AM.
08-26-2023 at 10:34 AM.
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.
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Joined Nov 2011
L6: Expert
> bubble2 1,708 Posts
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iHeartPriceMistakes
08-26-2023 at 10:35 AM.
08-26-2023 at 10:35 AM.
Fool's investment
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Joined Nov 2019
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> bubble2 12,720 Posts
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Lilyly
08-26-2023 at 11:44 AM.
08-26-2023 at 11:44 AM.
Quote from scifiguy123 :
If you are an Executive Member you get 2% back also.
so 4% for everything at costco?
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Joined Oct 2022
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> bubble2 69 Posts
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NervousBoundary652
08-26-2023 at 12:02 PM.
08-26-2023 at 12:02 PM.
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.
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Joined Oct 2004
L6: Expert
> bubble2 1,534 Posts
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tenken
08-26-2023 at 12:42 PM.
08-26-2023 at 12:42 PM.
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
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Joined Jun 2022
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> bubble2 45 Posts
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funride
08-26-2023 at 12:52 PM.
08-26-2023 at 12:52 PM.
in 4 2
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Joined Oct 2022
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> bubble2 69 Posts
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NervousBoundary652
08-26-2023 at 01:06 PM.
08-26-2023 at 01:06 PM.
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)
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Joined Dec 2018
L5: Journeyman
> bubble2 830 Posts
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Falln2pieces
08-26-2023 at 02:00 PM.
08-26-2023 at 02:00 PM.
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.
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Joined Nov 2005
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> bubble2 38,259 Posts
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Dr. J
08-26-2023 at 03:12 PM.
08-26-2023 at 03:12 PM.
Quote from Lilyly :
so 4% for everything at costco?

Executive has a CB cap, the card does not.
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