expired575rider posted Nov 10, 2023 04:37 PM
Item 1 of 2
Item 1 of 2
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
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If you buy this, you also need a fire-proof safe and that's going to set you back $$ you could have invested.
Was it an unsafe purchase?
1. The ETFs are highly manipulated. JPM has been fined millions over their manipulation of silver prices.
2. You pay a fee to hold the ETF. If it won't be stolen from you and you already have a place to store it at home, it's no extra cost to hold it yourself.
3. What good will the ETF be if the USD crashes and no one wants your dollars? It's not like you can sell your portion of gold for other currencies or physical goods. You can with physical.
4. How do you know you're buying physical gold allocated directly to you and stored in a specific location and not some derivative of it? It's fine when things are stable but not when things really start to go south... Which is the whole point of buying gold in the first place: it's an extremely dense physical money (not paper).
Disclaimer: I have all my gold in ETFs, not in physical.
So the max you get is $75 for each chase card.
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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.
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