Get PAMPed 1oz Gold Bar @ Costco $2029 PAMP Lunar Legends Azure Dragon in Assay

CharlesBarkley

Nov 1, 2023 9:10 PM

1.6K Comments

Joined May 2012

CharlesBarkleyNov 1, 2023 9:10 PM

1.6K Comments

Order cancelled, I wonder how long until the purchase drops off so you can order again? Annoying

superfaced

Nov 1, 2023 9:23 PM

25 Comments

Joined Oct 2020

superfacedNov 1, 2023 9:23 PM

25 Comments

Quote from CharlesBarkley

:

Order cancelled, I wonder how long until the purchase drops off so you can order again? Annoying

Interesting. Used to be you could make additional orders if the price changed, but seems like that's no longer the case

gabrielh

Nov 1, 2023 9:48 PM

3.9K Comments

Joined Dec 2006

gabrielhNov 1, 2023 9:48 PM

3.9K Comments

Thanks got one, as a Swiss I wanted the PAMP lol . Anyone on here keeping those for the long run? Thought I would get CB with Chase Freedom but have the unlimited and from Costco but only have the Gold membership (just got membership so new to this) so I only get 1.5% CB from Chase in total.

SlySol

Nov 1, 2023 10:53 PM

4.7K Comments

Joined Aug 2015

SlySolNov 1, 2023 10:53 PM

4.7K Comments

Quote from CharlesBarkley

:

Order cancelled, I wonder how long until the purchase drops off so you can order again? Annoying

Did you already get one of the Dragon bars (product number 1778080j ? I think you may be OK ordering a different product number if another design comes up. They also seem to occasionally assign new product numbers within the same design, but not always.

1

SlySol

Nov 1, 2023 11:01 PM

4.7K Comments

Joined Aug 2015

SlySolNov 1, 2023 11:01 PM

4.7K Comments

Quote from PrestigeWorldwide

:

I think the pricing on these is a day or so behind. The last one of these was at or below spot (and the price had increased in the previous few days) This time around the price has dropped in the last few days

Yeah, it may be that Costco sets the price based on what they pay. So let's say they pay spot (or maybe spot - 2%, given their bulk orders or something). They may have arranged to buy a quantity of 100k bars over the course of a year, but aren't billed for each batch until the supplier ships them. That would mean a few days turnaround by the time they list them and would explain why they tend to be below spot when the price is going up, but above when the price is dropping.

Last edited by SlySol November 1, 2023 at 04:10 PM.

PrestigeWorldwide

Nov 1, 2023 11:06 PM

126 Comments

Joined Jun 2016

PrestigeWorldwideNov 1, 2023 11:06 PM

126 Comments

Quote from SlySol

:

Yeah, it may be that Costco sets the price based on what they pay. So let's say they pay spot (or maybe spot - 2%, given their bulk orders or something). They may have arranged to buy a quantity of 100k bars over the course of a year, but aren't billed for each batch until the supplier ships them. That would mean a few days turnaround by the time they list them and would explain why they tend to be below spot when the price is going up, but below when the price is dropping.

Agreed, I think you're spot on. See what I did there?

PrestigeWorldwide

Nov 1, 2023 11:16 PM

126 Comments

Joined Jun 2016

PrestigeWorldwideNov 1, 2023 11:16 PM

126 Comments

Quote from SlySol

:

Yeah, it may be that Costco sets the price based on what they pay. So let's say they pay spot (or maybe spot - 2%, given their bulk orders or something). They may have arranged to buy a quantity of 100k bars over the course of a year, but aren't billed for each batch until the supplier ships them. That would mean a few days turnaround by the time they list them and would explain why they tend to be below spot when the price is going up, but above when the price is dropping.

And then Costco being Costco sticks to making their 10% (or whatever) and passes any recent gains on to their customers instead of bumping the price.

Good call on the "over the course of the year" idea. That would explain why all of these (Rand, Pamp OG, and Pamp dragon) seem to come in spurts). I guess if you're planning on a quick resell it would be best to wait for closer to spot.

cal_alum98

Nov 1, 2023 11:47 PM

49 Comments

Joined Feb 2010

cal_alum98Nov 1, 2023 11:47 PM

49 Comments

Order placed at 12:06pm. Order cancelled at 1:42pm.

Be_Kind

Nov 1, 2023 11:48 PM

237 Comments

Joined Mar 2019

Be_KindNov 1, 2023 11:48 PM

237 Comments

I think SPDR Gold Shares (GLD) ETF is the same and more liquid when you decide to sell and you don't have to worry about it getting stolen. GOLD is another ETF but this is a gold mining company.

1

jack250

Nov 1, 2023 11:51 PM

1.1K Comments

Joined Sep 2011

jack250Nov 1, 2023 11:51 PM

1.1K Comments

I missed again!

1

SlySol

Nov 2, 2023 12:21 AM

4.7K Comments

Joined Aug 2015

SlySolNov 2, 2023 12:21 AM

4.7K Comments

Quote from Maple23

:

I think SPDR Gold Shares (GLD) ETF is the same and more liquid when you decide to sell and you don't have to worry about it getting stolen. GOLD is another ETF but this is a gold mining company.

BAR is another gold ETF, practically identical to GLD in function but the annual fee is lower (I think about 0.17% instead of 0.4%.) That's the ETF I usually use, but obviously, there is a certain appeal to at least some physical holdings also.

575rider

Original Poster

Nov 2, 2023 7:24 PM

13K Comments

Joined Nov 2008

575rider

Original Poster

Nov 2, 2023 7:24 PM

13K Comments

Over 3000 pamps on hand for online sale. Hopefully listed soon.

Last edited by 575rider November 2, 2023 at 12:31 PM.

1

random_user10

Nov 2, 2023 11:10 PM

47 Comments

Joined May 2016

random_user10Nov 2, 2023 11:10 PM

47 Comments

Quote from 575rider

:

Over 3000 pamps on hand for online sale. Hopefully listed soon.

Curious as to where you get that information from?

575rider

Original Poster

Nov 3, 2023 1:15 PM

13K Comments

Joined Nov 2008

575rider

Original Poster

Nov 3, 2023 1:15 PM

13K Comments

Quote from random_user10

:

Curious as to where you get that information from?

Store employee pulled it up on their computer to check if they had any inventory in-store. Instead I saw their online inventory.

1

gabrielh

Nov 6, 2023 9:32 PM

3.9K Comments

Joined Dec 2006

gabrielhNov 6, 2023 9:32 PM

3.9K Comments

Anyone else showing no movement on the tracking since 11.03?

Get PAMPed 1oz Gold Bar @ Costco $2029 PAMP Lunar Legends Azure Dragon in Assay

$2,030

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