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expired575rider posted Nov 10, 2023 04:37 PM
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expired575rider posted Nov 10, 2023 04:37 PM

Costco Members: 1 Troy Ounce Gold Bar Rand Refinery (New In Assay)

+ Free Shipping

$2,000

Costco Wholesale
278 Comments 126,578 Views
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Deal Details
Costco Wholesale has for their Members: 1 Troy Ounce Gold Bar Rand Refinery (New In Assay) for $1999.99. Shipping is free.

Thanks to Community Member 575rider for finding this deal.

Note: A Costco Membership is required to purchase this item.

Features:
  • 1 Troy 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 an unique serial number

Editor's Notes

Written by SubZero5 | Staff
  • About this deal:
  • About this store:
    • This item is not eligible to be returned or refunded.

Original Post

Written by 575rider
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Costco Wholesale has for their Members: 1 Troy Ounce Gold Bar Rand Refinery (New In Assay) for $1999.99. Shipping is free.

Thanks to Community Member 575rider for finding this deal.

Note: A Costco Membership is required to purchase this item.

Features:
  • 1 Troy 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 an unique serial number

Editor's Notes

Written by SubZero5 | Staff
  • About this deal:
  • About this store:
    • This item is not eligible to be returned or refunded.

Original Post

Written by 575rider

Community Voting

Deal Score
+54
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Top Comments

chemman14
1502 Posts
1077 Reputation
With the cash back and credit card rewards I'm still getting it for well below spot. I hope this helps :-)
jep08
944 Posts
74 Reputation
Spot price $1940.
MachAF
542 Posts
115 Reputation
Ever heard of diversification?

277 Comments

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Nov 10, 2023 05:57 PM
212 Posts
Joined Dec 2014
AutobahnRNov 10, 2023 05:57 PM
212 Posts
Quote from ps2cho :
whats the point with the added risk of storage, loss, theft, commissions on sale when you can just pick a gold tracked ETF?
because it's more of a hobby than a sound investment strategy
4
Nov 10, 2023 05:57 PM
190 Posts
Joined Jul 2009
hothothotdealsNov 10, 2023 05:57 PM
190 Posts
Quote from zuko :
What would be the process to sell this, if you ever wanted to?
Local coin shop
1
Nov 10, 2023 05:58 PM
59 Posts
Joined Jun 2013
DaveDrayNov 10, 2023 05:58 PM
59 Posts
Quote from chemman14 :
With the cash back and credit card rewards I'm still getting it for well below spot. I hope this helps :-)
Cash back and cc rewards?
Nov 10, 2023 05:59 PM
1,325 Posts
Joined Jul 2015
arooniNov 10, 2023 05:59 PM
1,325 Posts
Quote from lithdoc :
Definitely not.

Especially if you want something bigger and 18k. Works out to $8/gram of completed product.
Wowowow. Can you pm me your hookup ?

how many ounces is required for a modest men's chain ?
Nov 10, 2023 05:59 PM
174 Posts
Joined May 2020
DanWesaonNov 10, 2023 05:59 PM
174 Posts
No longer a deal. If you want to make money on metal but guns. Good way to make money on your investment and if you are a prepper will me much more worth it than gold if shtf.
2
Nov 10, 2023 06:00 PM
845 Posts
Joined May 2007
lithdocNov 10, 2023 06:00 PM
845 Posts
Quote from arooni :
Wowowow. Can you pm me your hookup ?

how many ounces is required for a modest men's chain ?
Define modest?
Nov 10, 2023 06:00 PM
1,480 Posts
Joined Dec 2005
thrustbucketNov 10, 2023 06:00 PM
1,480 Posts
Quote from ps2cho :
whats the point with the added risk of storage, loss, theft, commissions on sale when you can just pick a gold tracked ETF?
Preppers buy these with the intention of using them in post-society scenarios.

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Pro
Nov 10, 2023 06:01 PM
678 Posts
Joined Jan 2009
angelmartinez
Pro
Nov 10, 2023 06:01 PM
678 Posts
These aren't Robert Menendez's gold bars are they?
3
Nov 10, 2023 06:02 PM
260 Posts
Joined Dec 2013
philipagNov 10, 2023 06:02 PM
260 Posts
I can't predict the future, but the chart on gold prices looks negative atm.

Also consider what sales taxes will do to your investment.
Nov 10, 2023 06:03 PM
65 Posts
Joined Oct 2012
NaveenKumarMNov 10, 2023 06:03 PM
65 Posts
Quote from d_wave27 :
$70 over spot… no longer a deal. Sad
thats why still in stock
Nov 10, 2023 06:04 PM
973 Posts
Joined Feb 2010
sounderSDNov 10, 2023 06:04 PM
973 Posts
If you want to invest in gold, I'd recommend using a fee-free ETF instead of buying physical metal.

If you buy this, you also need a fire-proof safe and that's going to set you back $$ you could have invested.
Nov 10, 2023 06:05 PM
212 Posts
Joined Dec 2014
AutobahnRNov 10, 2023 06:05 PM
212 Posts
Quote from zuko :
What would be the process to sell this, if you ever wanted to?
you find a local coin dealer/gold dealer, they will pay you less than what you bought it for most likely even if the price goes up. as it is you're paying a premium over spot price

physical gold is a bad investment.
Nov 10, 2023 06:05 PM
334 Posts
Joined Jun 2017
phoenix-wrightNov 10, 2023 06:05 PM
334 Posts
Quote from HappyAppliance665 :
Agree, unless you plan on investing several tens of thousands in physical gold, I personally don't see the risk/reward benefit or hedge opportunity to diversify a portfolio. Sign up for an exchange and purchase holdings there. Safer bet
Paper gold isn't gold. Not your keys not your coins. These assets are insurance policies in case s*** hits the fan. Possession is 9/10 of the law. Put a certain percentage of your portfolio in a hard asset and store it safely in case you ever need it. In the case of this gold a simple safe should be enough.
3
Nov 10, 2023 06:05 PM
109 Posts
Joined Oct 2022
SweatyWeaselsNov 10, 2023 06:05 PM
109 Posts

Our community has rated this post as helpful. If you agree, why not thank SweatyWeasels

Quote from MachAF :
Ever heard of diversification?
Ever heard of just buying ammo? Ammo has risen more than gold in price, and it's an actual useful tool. Your gold will be worthless if sht actually hits the fan. You can't do anything with it.
1
2

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Nov 10, 2023 06:06 PM
190 Posts
Joined Jul 2009
hothothotdealsNov 10, 2023 06:06 PM
190 Posts
Quote from philipag :
I can't predict the future, but the chart on gold prices looks negative atm.

Also consider what sales taxes will do to your investment.
No Sales tax in CA. No one has a crystal ball. Physical gold is a long term investment, and many believe precious metals is the only safe investment, as US establishment does NOT care about deficits - one day the music will stop.
3

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