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expiredCuTung posted Oct 13, 2023 06:03 PM
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expiredCuTung posted Oct 13, 2023 06:03 PM

1 oz Gold Bar Rand Refinery (New in Assay) $1950 + Free shipping Costco

Costco Wholesale
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https://www.costco.com/.product.4...anner_rand

Product Details
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.
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About the Poster
Deal Details
Community Notes
About the Poster
https://www.costco.com/.product.4...anner_rand

Product Details
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.

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31 Comments

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Oct 13, 2023 06:06 PM
922 Posts
Joined Sep 2014
LarsionOct 13, 2023 06:06 PM
922 Posts
Genuine question, why does people have the need to buy this?
1
Original Poster
Oct 13, 2023 06:15 PM
15 Posts
Joined Oct 2014
CuTung
Original Poster
Oct 13, 2023 06:15 PM
15 Posts
https://www.costco.com/.product.4...anner_rand
1
Oct 13, 2023 06:16 PM
364 Posts
Joined Nov 2017
JoewalnutOct 13, 2023 06:16 PM
364 Posts
Quote from bachle.2105 :
Genuine question, why does people have the need to buy this?
Precious metals are part of a well diversified investment portfolio.
1
Pro
Oct 13, 2023 06:19 PM
39,355 Posts
Joined Nov 2005
Dr. J
Pro
Oct 13, 2023 06:19 PM
39,355 Posts
Quote from bachle.2105 :
Genuine question, why does people have the need to buy this?
Spot is $1930 right now. Costco wants $1950. If you have 2% exec and 2% CC that makes your cost on this $1872. If you use your Chase 4Q offer it would be more like $1827 (and have 2% exec). Plus, most places will require bank transfer to buy PM - anything else including CC will have upcharge for processing fees.
As for this *specific* bar, JM Bullion is $2029 for wire transfer.
Last edited by Dr. J October 13, 2023 at 12:21 PM.
1
Oct 13, 2023 06:20 PM
1,502 Posts
Joined Dec 2018
chemman14Oct 13, 2023 06:20 PM
1,502 Posts
Quote from bachle.2105 :
Genuine question, why does people have the need to buy this?
Reasons
1
Oct 13, 2023 06:34 PM
1,125 Posts
Joined Feb 2009
MunkynutssOct 13, 2023 06:34 PM
1,125 Posts
Quote from bachle.2105 :
Genuine question, why does people have the need to buy this?
Why have humans for all of recorded history been willing to work, pay, raid, pillage, steal, and kill, for gold, you mean?

Once a value is assigned to something, humans will seek it out.


Or, another guy said, it's part of a well-diversified investment portfolio, although physical gold bars, not so much. More of a hedge/novelty. Investment in gold, different thing.
2
Oct 13, 2023 06:37 PM
1,125 Posts
Joined Feb 2009
MunkynutssOct 13, 2023 06:37 PM
1,125 Posts
For those in the know, would Pamp Suisse be a better buy than Rand, strictly talking resale after the fact? I seem to remember reading somewhere that the Pamp Suisse were more desirable on the secondary market (individuals selling to other individuals, I mean).

Feel free to chime in.

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Oct 13, 2023 06:38 PM
2,843 Posts
Joined Jun 2011
Bad_BoyOct 13, 2023 06:38 PM
2,843 Posts
Quote from Munkynutss :
For those in the know, would Pamp Suisse be a better buy than Rand, strictly talking resale after the fact? I seem to remember reading somewhere that the Pamp Suisse were more desirable on the secondary market (individuals selling to other individuals, I mean).

Feel free to chime in.
Yes….
Oct 13, 2023 06:45 PM
399 Posts
Joined Dec 2010
SanDiegoAlOct 13, 2023 06:45 PM
399 Posts
Quote from Munkynutss :

Or, another guy said, it's part of a well-diversified investment portfolio, although physical gold bars, not so much. More of a hedge/novelty. Investment in gold, different thing.

If you don't hold it, you don't own it.
1
Pro
Oct 13, 2023 06:58 PM
39,355 Posts
Joined Nov 2005
Dr. J
Pro
Oct 13, 2023 06:58 PM
39,355 Posts
Quote from Munkynutss :
For those in the know, would Pamp Suisse be a better buy than Rand, strictly talking resale after the fact? I seem to remember reading somewhere that the Pamp Suisse were more desirable on the secondary market (individuals selling to other individuals, I mean).

Feel free to chime in.
Yes however checking sell prices on JM Bullion, both Rand and Pamp bars are comparable. e.g it's not like they are selling Pamp for 10% more than Rand.
Pro
Oct 13, 2023 07:01 PM
273 Posts
Joined Apr 2016
ongoleGitta
Pro
Oct 13, 2023 07:01 PM
273 Posts
Sold out already?
Oct 13, 2023 07:02 PM
495 Posts
Joined Oct 2005
aznboinghiaOct 13, 2023 07:02 PM
495 Posts
lol fudge already gone
Oct 13, 2023 07:02 PM
40 Posts
Joined Apr 2013
leehg69Oct 13, 2023 07:02 PM
40 Posts
And it's gone
Oct 13, 2023 07:03 PM
6 Posts
Joined Nov 2017
LanieSavinsOct 13, 2023 07:03 PM
6 Posts
Just tried adding to cart & item is unavailable- these are always selling out at lightning speed!

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Oct 13, 2023 07:05 PM
6,026 Posts
Joined Mar 2006
Core2QuadOct 13, 2023 07:05 PM
6,026 Posts
Quote from bachle.2105 :
Genuine question, why does people have the need to buy this?
With a 2% card and exec membership, you are getting 4% off, which is below spot price and can also be instantly flipped to a local reputable gold dealer for a few bucks.

Also a great way to "manufacturer" spending on higher spend requirement CC's with large sign up bonuses.

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