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expiredchemman14 posted Nov 8, 2023 7:32 PM

1 Troy Ounce Gold Bar PAMP Lunar Legends Azure Dragon (New In Assay)

$2,000

$2,000

(Costco Members) + Free Shippingat Costco Wholesale
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Deal Details
Costco Wholesale has for its Members: 1 Troy Ounce Gold Bar PAMP Lunar Legends Azure Dragon (New In Assay) for $1999.99. Shipping is free.

Thanks community member chemman14 for sharing this deal

Note, you must be an active Costco Member signed into your account to view sale price and purchase. Limit of 2 per membership. Item is non-refundable.

About this Product:
  • 1 Troy Ounce 999.9 fine gold minted bar with a proof-like finish
  • Swiss-made by a LBMA Good Delivery Refiner
  • Each bar is individually controlled, registered, and secured within protective CertiPAMP packaging
  • Each assay card is covered with a thin, removable protective film and accompanying envelope

Editor's Notes

Written by SubZero5 | Staff

Original Post

Written by chemman14
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Costco Wholesale has for its Members: 1 Troy Ounce Gold Bar PAMP Lunar Legends Azure Dragon (New In Assay) for $1999.99. Shipping is free.

Thanks community member chemman14 for sharing this deal

Note, you must be an active Costco Member signed into your account to view sale price and purchase. Limit of 2 per membership. Item is non-refundable.

About this Product:
  • 1 Troy Ounce 999.9 fine gold minted bar with a proof-like finish
  • Swiss-made by a LBMA Good Delivery Refiner
  • Each bar is individually controlled, registered, and secured within protective CertiPAMP packaging
  • Each assay card is covered with a thin, removable protective film and accompanying envelope

Editor's Notes

Written by SubZero5 | Staff

Original Post

Written by chemman14

Community Voting

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+22
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96 Comments

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Original Poster
Nov 8, 2023 8:20 PM
1.5K Comments
Joined Dec 2018
chemman14
Original Poster
Nov 8, 2023 8:20 PM
1.5K Comments
Quote from crushna :
You have to sell it for 50-100 dollars less than the spot price on a particular day. And GOLD price doesnt swing like stocks. Unless ur are using this for jewelry, I do not think its worth the reward.
No, you do not lol.
1
Nov 8, 2023 8:21 PM
950 Comments
Joined Aug 2005
asianguy30Nov 8, 2023 8:21 PM
950 Comments
Not available in my area.
Nov 8, 2023 8:25 PM
192 Comments
Joined Jul 2009
hothothotdealsNov 8, 2023 8:25 PM
192 Comments
These are long term investments
1
2
Nov 8, 2023 8:25 PM
469 Comments
Joined Mar 2015
chamarajaNov 8, 2023 8:25 PM
469 Comments
OOO already
Nov 8, 2023 8:26 PM
93 Comments
Joined Feb 2022
Hess_adventuresNov 8, 2023 8:26 PM
93 Comments
Quote from bonbon525 :
Man I wish i had 2k laying around so I can buy a piece of metal.
Better of investing it rather than volatile gold ..
1
Nov 8, 2023 8:27 PM
93 Comments
Joined Feb 2022
Hess_adventuresNov 8, 2023 8:27 PM
93 Comments
Quote from hothothotdeals :
These are long term investments
really? because it's the same price it was about 10 years ago...
4
Nov 8, 2023 8:28 PM
93 Comments
Joined Feb 2022
Hess_adventuresNov 8, 2023 8:28 PM
93 Comments
Quote from crushna :
Not worth it guys!! You can not sell it at spot price anywhere...Not sure what the fuss is all about
better places to park money
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Original Poster
Nov 8, 2023 8:29 PM
1.5K Comments
Joined Dec 2018
chemman14
Original Poster
Nov 8, 2023 8:29 PM
1.5K Comments
Quote from Hess_adventures :
really? because it's the same price it was about 10 years ago...
You consider $1300 the same as $1960? Crazy.
2
Nov 8, 2023 8:30 PM
1.2K Comments
Joined Apr 2005
Jayman007Nov 8, 2023 8:30 PM
1.2K Comments
Quote from chemman14 :
Not what google says:

https://goldbroker.com/sales-tax/...k%2C%20etc [goldbroker.com].
From your link

Typically, though, a precious metal coin, round or bar that is valued purely for its precious metal content and does not contain a face value (more common with bars and rounds than coins) is exempt from tax. However, anything that is considered a collectible, including coins with a face value and coins with a premium attached to them, will be taxed. The rule states that, to qualify for tax exemption, the premium attached to the item must be less than 50% of its inherent value.

Am I reading that wrong?
Last edited by Jayman007 November 8, 2023 at 12:32 PM.
Nov 8, 2023 8:30 PM
1 Comments
Joined May 2022
Abms1Nov 8, 2023 8:30 PM
1 Comments
Quote from asianguy30 :
Not available in my area.
What area are you in? Seems like I'm in the same boat in Austin, TX
Original Poster
Nov 8, 2023 8:31 PM
1.5K Comments
Joined Dec 2018
chemman14
Original Poster
Nov 8, 2023 8:31 PM
1.5K Comments
Quote from Jayman007 :
From your link

Typically, though, a precious metal coin, round or bar that is valued purely for its precious metal content and does not contain a face value (more common with bars and rounds than coins) is exempt from tax. However, anything that is considered a collectible, including coins with a face value and coins with a premium attached to them, will be taxed. The rule states that, to qualify for tax exemption, the premium attached to the item must be less than 50% of its inherent value.

Am I reading that wrong?
Yes, this is considered collectible
1
Nov 8, 2023 8:33 PM
1.2K Comments
Joined Apr 2005
Jayman007Nov 8, 2023 8:33 PM
1.2K Comments
Quote from chemman14 :
Yes, this is considered collectible
So are all PAMP bars considered collectable or just the one with the dragon on it?
Original Poster
Nov 8, 2023 8:34 PM
1.5K Comments
Joined Dec 2018
chemman14
Original Poster
Nov 8, 2023 8:34 PM
1.5K Comments
Quote from Jayman007 :
So are all PAMP bars considered collectable or just the one with the dragon on it?
I assume all bars with designs on them are considered collectible by Nevada. It's definitely a very strange law.
1
Nov 8, 2023 8:35 PM
582 Comments
Joined Aug 2017
PuckS9852Nov 8, 2023 8:35 PM
582 Comments
Quote from chemman14 :
You consider $1300 the same as $1960? Crazy.
I think he was thinking of 2011.
Which gets to the point about how this isn't really a great investment.

If you'd bought a $2000 worth of VFIAX in 2011, you'd have $8000 today
And if you'd bought it in 2013, when gold was 1300? You'd have $5000
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Original Poster
Nov 8, 2023 8:37 PM
1.5K Comments
Joined Dec 2018
chemman14
Original Poster
Nov 8, 2023 8:37 PM
1.5K Comments
Quote from PuckS9852 :
I think he was thinking of 2011.
Which gets to the point about how this isn't really a great investment.

If you'd bought a $2000 worth of VFIAX in 2011, you'd have $8000 today
And if you'd bought it in 2013, when gold was 1300? You'd have $5000
So what happens if shit happens differently in the future? Then what? Do you get in your time machine and go back and buy gold then? No one should invest everything in one type of asset. A well invested portfolio is diversified.
1

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