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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 126,636 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 06:25 PM
2,796 Posts
Joined Mar 2009
observer1313Nov 10, 2023 06:25 PM
2,796 Posts
Quote from d_wave27 :
$70 over spot… no longer a deal. Sad
Today's spot price is $1966. So it is $34 over spot.
Plus, Costco is selling this bar at a price which is about 1-1.5% lower than you could buy it from a reputable online dealer.
1
Nov 10, 2023 06:25 PM
179 Posts
Joined Oct 2015
DelzerchiNov 10, 2023 06:25 PM
179 Posts
Quote from lithdoc :
Given that Costco no longer offers a deal on these, I recommend going with sovereign bullion instead. Same costs.
Even with 2% back for executive?
Nov 10, 2023 06:26 PM
2 Posts
Joined Oct 2023
BrightMountain8000Nov 10, 2023 06:26 PM
2 Posts
I feel i got cheated, i bougght form local store and they charged me 2070 for an ounce and cash payment, vs Costco is like 2000 + card payment + Executive membership benefit so net cost would be 1920 per oz whcih is lower than market rate as of today
1
Nov 10, 2023 06:26 PM
15 Posts
Joined Nov 2022
SiennaWallaby486Nov 10, 2023 06:26 PM
15 Posts
Got one
Nov 10, 2023 06:28 PM
105 Posts
Joined Aug 2017
jim32190Nov 10, 2023 06:28 PM
105 Posts
Quote from observer1313 :
Today's spot price is $1966. So it is $34 over spot.
Plus, Costco is selling this bar at a price which is about 1-1.5% lower than you could buy it from a reputable online dealer.
Are we looking at the same chart? https://goldprice.org/ $1935 and plummeting
1
Nov 10, 2023 06:30 PM
128 Posts
Joined Feb 2017
Rocky4140Nov 10, 2023 06:30 PM
128 Posts
I got one for effective price $1900.
Paid $1000 with 1 chase freedom card (5% Cashback) + $1000 Costco card which I got earlier on 5% cash back.
Nov 10, 2023 06:32 PM
154 Posts
Joined Oct 2020
TalentedIdea853Nov 10, 2023 06:32 PM
154 Posts
Quote from arooni :
Doesn't this become cost prohibitive to have a chain made from your gold bars ? I think the magic is finding one of those coin shops that will sell you chains out of their scrap pile.
It would be cheaper to fly to Thailand. Buy your chain there and fly back...
1

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Nov 10, 2023 06:33 PM
1,502 Posts
Joined Dec 2018
chemman14Nov 10, 2023 06:33 PM
1,502 Posts
Quote from lithdoc :
Given that Costco no longer offers a deal on these, I recommend going with sovereign bullion instead. Same costs.
Is the cost really less with a credit card there? Never heard of this shop.
1
Nov 10, 2023 06:34 PM
7 Posts
Joined Aug 2016
FrankL2432Nov 10, 2023 06:34 PM
7 Posts
In for one. This might come is handy in Bartertown.
1
Nov 10, 2023 06:35 PM
1,502 Posts
Joined Dec 2018
chemman14Nov 10, 2023 06:35 PM
1,502 Posts
Quote from thrustbucket :
Preppers buy these with the intention of using them in post-society scenarios.
Are you implying that's the only people that buy gold?
1
Nov 10, 2023 06:35 PM
922 Posts
Joined Sep 2014
LarsionNov 10, 2023 06:35 PM
922 Posts
Quote from chemman14 :
I'm not a prepper and I bought one. Now what?
Then u are now one of the preppers 😂
Nov 10, 2023 06:36 PM
1,502 Posts
Joined Dec 2018
chemman14Nov 10, 2023 06:36 PM
1,502 Posts
Quote from DaveDray :
Cash back and cc rewards?
Yes. You get both with this purchase if you're an executive member.
1
Nov 10, 2023 06:36 PM
1,502 Posts
Joined Dec 2018
chemman14Nov 10, 2023 06:36 PM
1,502 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.
What sales tax?
1
Nov 10, 2023 06:37 PM
58 Posts
Joined Jun 2022
funrideNov 10, 2023 06:37 PM
58 Posts
Quote from lithdoc :
Define modest?
36 - 64 grams

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Nov 10, 2023 06:37 PM
412 Posts
Joined Nov 2016
shigshagNov 10, 2023 06:37 PM
412 Posts

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

Gold and silver bars are one of those things that constantly get posted here and the threads attract the strangest people
1
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