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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 07:41 PM
502 Posts
Joined May 2015
LangTangNov 10, 2023 07:41 PM
502 Posts
Still available. Looks like whoever wanted it, got it already. Price might even start falling.
2
Nov 10, 2023 07:42 PM
2 Posts
Joined Sep 2010
blaiseamNov 10, 2023 07:42 PM
2 Posts
Quote from lithdoc :
This is always my argument.

I've bought a few to finance a Cuban chain I've been wanting.
You'll see someday
Nov 10, 2023 07:43 PM
13 Posts
Joined Jun 2008
zahidscorpNov 10, 2023 07:43 PM
13 Posts
Gold price is coming down. Since Nov 1, may it get lower.
2
Nov 10, 2023 07:45 PM
32 Posts
Joined Mar 2016
EdmirINov 10, 2023 07:45 PM
32 Posts
Quote from chemman14 :
I'm not a prepper and I bought one. Now what?
now you hope you never have to use it
1
Nov 10, 2023 07:45 PM
1,502 Posts
Joined Dec 2018
chemman14Nov 10, 2023 07:45 PM
1,502 Posts
Quote from zahidscorp :
Gold price is coming down. Since Nov 1, may it get lower.
May get higher
1
Pro
Nov 10, 2023 07:45 PM
1,690 Posts
Joined Feb 2008
rotorrocket
Pro
Nov 10, 2023 07:45 PM
1,690 Posts
In for 2. Rep +1
1
Nov 10, 2023 07:46 PM
359 Posts
Joined Feb 2014
BigB89Nov 10, 2023 07:46 PM
359 Posts
Quote from SmileyFrog :
pretty slick deal for me. Costco exec $40 back and $80 back with chase freedom.
1880 with 1 day shipping from costco. Can't really beat that.
How on both cards?
2

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Original Poster
Nov 10, 2023 07:49 PM
13,018 Posts
Joined Nov 2008
575rider
Original Poster
Nov 10, 2023 07:49 PM
13,018 Posts
Quote from BigB89 :
How on both cards?
Referring to the Costco Executive Membership (not CC).
1
Nov 10, 2023 07:49 PM
682 Posts
Joined Nov 2012
DrSandbagsNov 10, 2023 07:49 PM
682 Posts
"uh that's more expensive than spot"

Yeah no crap. You, the lowly average poster, do not have access to wholesale gold bullion markets. Retail gold and gold pressed into certified bars will always command a premium over spot.
Nov 10, 2023 07:49 PM
1,907 Posts
Joined Jul 2021
Dealsprime440Nov 10, 2023 07:49 PM
1,907 Posts
gold is dead as dead, bitcoin is coming back in a big freakin way!
2
Nov 10, 2023 07:49 PM
495 Posts
Joined Nov 2010
SmileyFrogNov 10, 2023 07:49 PM
495 Posts
Quote from BigB89 :
How on both cards?
The costco exec 2% isn't tied to a credit card. It's tied to the membership
Nov 10, 2023 07:50 PM
632 Posts
Joined Apr 2011
GiraffasaurusNov 10, 2023 07:50 PM
632 Posts
Quote from hothothotdeals :
It's well below spot with 5% back from Chase freedom flex. Gold is a long term investment, and costco is a reliable seller.
Gold is up 50% since 2013 so average of 5%/yr. Inflation over that period is roughly 31.5% or 3.15% per year. So over a 10 year span gold had a real return of 1.8-1.9% per year. That's not an investment nobody should be in.
Nov 10, 2023 07:54 PM
944 Posts
Joined Nov 2011
jep08Nov 10, 2023 07:54 PM
944 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 :-)
Are you talking about 2% Executive member + 2% from Citi Costco credit card? If so, you get $80 - $65 (spot price at this time) = $15. After received gold bar, you may drive to local coin shops and they may buy it back for up to $50 below spot price.
2
Nov 10, 2023 07:56 PM
495 Posts
Joined Nov 2010
SmileyFrogNov 10, 2023 07:56 PM
495 Posts
Quote from jep08 :
Are you talking about 2% Executive member + 2% from Citi Costco credit card? If so, you get $80 - $65 (spot price at this time) = $15. After received gold bar, you may drive to local coin shops and they may buy it back for up to $50 below spot price.
yeah exactly. He's buying them to resell. facepalm
1

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Nov 10, 2023 07:58 PM
495 Posts
Joined Nov 2010
SmileyFrogNov 10, 2023 07:58 PM
495 Posts
Quote from rollins88 :
Gold is up 50% since 2013 so average of 5%/yr. Inflation over that period is roughly 31.5% or 3.15% per year. So over a 10 year span gold had a real return of 1.8-1.9% per year. That's not an investment nobody should be in.
That also happens to be gold's worst run ever.

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