Costco Wholesale has for their
Members: 1 Ounce 24-karat Gold Bar Rand Refinery (New in Assay) on sale for
$1969.99.
Shipping is free.
Thanks to Community Member
AdityaA7139 for sharing this deal.
Note, you must be an active Costco Member signed into your account to purchase. Limit of 2 per membership. Item is non-refundable.
About this product:
- 1 Ounce 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
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Top Comments
Couple factors to consider. If gold goes up in value, you are still looking that much price increase to breakeven. (Not considering 2% Costco rewards at the end of renewal year, 1 to 2% credit card points.) If gold goes down, you are holding $2K for a while. If you put that $2k in Gov Treasury Bond. Rates are in range of 4.70% to 5.05%. Secure - Backed by US Gov and Bond will not go down in a value as long you hold them untill maturity date.
Costco used to sell these gold bars for the same exact spot price a couple of months ago. for the last 3 to 4 deals, they have been up charging $35 to $40 over a spot price.
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Don't buy it
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Couple factors to consider. If gold goes up in value, you are still looking that much price increase to breakeven. (Not considering 2% Costco rewards at the end of renewal year, 1 to 2% credit card points.) If gold goes down, you are holding $2K for a while. If you put that $2k in Gov Treasury Bond. Rates are in range of 4.70% to 5.05%. Secure - Backed by US Gov and Bond will not go down in a value as long you hold them untill maturity date.
Costco used to sell these gold bars for the same exact spot price a couple of months ago. for the last 3 to 4 deals, they have been up charging $35 to $40 over a spot price.
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