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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 126,622 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 06:06 PM
596 Posts
Joined Dec 2011
sri69Nov 10, 2023 06:06 PM
596 Posts
Nice novelty but the gold price trend graph from past 10 years requires some balls to jump in for this impulse buy.
Nov 10, 2023 06:06 PM
533 Posts
Joined Feb 2007
borderguyNov 10, 2023 06:06 PM
533 Posts
Quote from CleverCreator6791 :
happy for all the preppers who think this is a safe way to hold onto money lol

I bought a bunch of 1oz silver rounds from Apmex a while back for $12.50 an oz after seeing it posted on Slickdeals..

Was it an unsafe purchase?
Nov 10, 2023 06:10 PM
5,431 Posts
Joined May 2022
AmusedDime497Nov 10, 2023 06:10 PM
5,431 Posts
I'm investing in zombie killing devices personally
1
Nov 10, 2023 06:11 PM
681 Posts
Joined May 2013
KumquatsNov 10, 2023 06:11 PM
681 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?
You get to have a physical bar of gold in your possession Smilie
Nov 10, 2023 06:12 PM
892 Posts
Joined Jun 2007
shahpNov 10, 2023 06:12 PM
892 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
I do have ETF and some physical as well.
Why -
Don't have to worry about ETF having gold that backs it up.
Also, good as a gift that will hold value with inflation.
Diversification.
3
Nov 10, 2023 06:14 PM
892 Posts
Joined Jun 2007
shahpNov 10, 2023 06:14 PM
892 Posts
Quote from SweatyWeasels :
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.
Can you resell ammo? Not trolling, seriously curious.
2
Nov 10, 2023 06:14 PM
865 Posts
Joined Nov 2010
kaosstarNov 10, 2023 06:14 PM
865 Posts
Quote from sri69 :
Nice novelty but the gold price trend graph from past 10 years requires some balls to jump in for this impulse buy.
Adjusted for inflation, gold has been a terrible investment over the last 10-15 years.
2

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Nov 10, 2023 06:16 PM
2,796 Posts
Joined Mar 2009
observer1313Nov 10, 2023 06:16 PM
2,796 Posts
Quote from zuko :
What would be the process to sell this, if you ever wanted to?
Reputable online precious metal dealers also offer to buy from you. You may get a better price than you can get from the local coin shop.
Nov 10, 2023 06:17 PM
4,204 Posts
Joined Jul 2012
desynergyNov 10, 2023 06:17 PM
4,204 Posts
Quote from CleverCreator6791 :
happy for all the preppers who think this is a safe way to hold onto money lol
I have several inherited inside a safety deposit box. Can you guess how much they were purchased for 20 - 30 years ago, compared to the price they're valued at now? LMAO
5
Nov 10, 2023 06:18 PM
47 Posts
Joined Jun 2016
kikupaNov 10, 2023 06:18 PM
47 Posts
1 oz gold bar is back in stock again at Costco

https://www.costco.com/1-oz-gold-...02779.html
1
Nov 10, 2023 06:19 PM
1,602 Posts
Joined Aug 2003
gasmanNov 10, 2023 06:19 PM
1,602 Posts
Got 2nd one in 3 days. Other arriving soon.

Even if spot price is 1950…you get 2% back w Costco credit card.
1
Nov 10, 2023 06:20 PM
61 Posts
Joined Jun 2015
AHoopyFroodNov 10, 2023 06:20 PM
61 Posts
Quote from thrustbucket :
Preppers buy these with the intention of using them in post-society scenarios.
The logic on this doesn't track for me.

Serious question for the prepper-types: What makes you think anyone would be interested in your soft, shiny metal in a post-society scenario? I would think anyone actually serious about prepping for such an occasion would get much more mileage out of hording useful metals and the equipment to make use of it.
Nov 10, 2023 06:21 PM
4,204 Posts
Joined Jul 2012
desynergyNov 10, 2023 06:21 PM
4,204 Posts
Quote from shahp :
Can you resell ammo? Not trolling, seriously curious.
Depends on your state's laws. Missouri added "recklessly" to their wordage. "Missouri prohibits anyone from recklessly selling, leasing, loaning, giving away or delivering ammunition to a person who is intoxicated." So we can sell ammo inside the state, but if you're from one state, sell to someone in another state, then you have to deal with the federal prosecutor on his take what the federal laws mean to him/her.

If you're in a state that clearly allows it, it's not uncommon for someone to buy a pallet of ammo for a lot less than individual boxes sell for (per bullet), and have a bunch of friends put in money for it and split it out. It's technically re-selling, even though it's not.
Last edited by desynergy November 10, 2023 at 11:28 AM.
Nov 10, 2023 06:22 PM
1,862 Posts
Joined Aug 2010
RickRuppsNov 10, 2023 06:22 PM
1,862 Posts
Still available for sale. People are not buying today. Since gold price is 1940

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Pro
Nov 10, 2023 06:23 PM
775 Posts
Joined Aug 2016
usernamistaken
Pro
Nov 10, 2023 06:23 PM
775 Posts

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

not the deal this used to be, hence the slow sales (still available now)
gold is headed down to 1900 or high 1800s. 1899 plus the cash back is fairly a good deal, or at least much lower risk/better potential upside. $1999 nah.
1

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