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expired575rider posted Nov 10, 2023 04:37 PM
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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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 08:25 PM
2,411 Posts
Joined Sep 2006
robertw477Nov 10, 2023 08:25 PM
2,411 Posts
Quote from AutobahnR :
because it's more of a hobby than a sound investment strategy
I think there is an underlying political theme to all of this. I know some high net worth guys storing gold etc. Why? Total anarchy and they were told the government is coming for thier gold. Conspiracy stuff. Bug out bags ready.
1
Nov 10, 2023 08:26 PM
1,502 Posts
Joined Dec 2018
chemman14Nov 10, 2023 08:26 PM
1,502 Posts
Quote from fartyfartsfart :
Hahaha I love how some of y'all think post society someone with no toilet paper is going to want your soft yellow brick! Spend your money on guns or something useful or hey, enjoy your time on earth since you're obviously not going enjoy post society if gold is your plan.
Glad I bought and don't think this.

Why don't you spend your money on guns or something you deem useful. Why do you and others feel the need to talk down on how they spend their money?
2
Nov 10, 2023 08:28 PM
45 Posts
Joined Jan 2018
Glock19SmithNov 10, 2023 08:28 PM
45 Posts
Most people won't know how or where to sell this in the future when they need to cash out. There are better ways to invest your money. If you're thinking a piece of gold is it, think again. Neat thing to have and will likely retain monetary value but that's about it.
1
Nov 10, 2023 08:29 PM
1,502 Posts
Joined Dec 2018
chemman14Nov 10, 2023 08:29 PM
1,502 Posts
Quote from bigjizz :
Is there a website to sell it to? Thinking about buying this next time I need to hit a credit card bonus and just sell it back right away.
Yes there is.
1
Nov 10, 2023 08:29 PM
1,502 Posts
Joined Dec 2018
chemman14Nov 10, 2023 08:29 PM
1,502 Posts
Quote from spittlbm :
VTSAX is the only diversification you need.
According to spittlbm
1
Nov 10, 2023 08:31 PM
1,502 Posts
Joined Dec 2018
chemman14Nov 10, 2023 08:31 PM
1,502 Posts
Quote from Glock19Smith :
Most people won't know how or where to sell this in the future when they need to cash out. There are better ways to invest your money. If you're thinking a piece of gold is it, think again. Neat thing to have and will likely retain monetary value but that's about it.
I hope no one in here is buying gold as their only investment, or even a majority.
1
Nov 10, 2023 08:32 PM
2,932 Posts
Joined Nov 2010
smarttNov 10, 2023 08:32 PM
2,932 Posts
Does it work with ray tracing?
1
1

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Nov 10, 2023 08:34 PM
278 Posts
Joined Dec 2011
dvdrsmthNov 10, 2023 08:34 PM
278 Posts
Fresh water will be more valuable than gold in a doomsday scenario.
1
Nov 10, 2023 08:35 PM
823 Posts
Joined Nov 2006
MrBean411Nov 10, 2023 08:35 PM
823 Posts
Still in stock 3 hours later, there's a reason…
1
Pro
Nov 10, 2023 08:38 PM
1,690 Posts
Joined Feb 2008
rotorrocket
Pro
Nov 10, 2023 08:38 PM
1,690 Posts
Oversold Some orders are being canceled
Nov 10, 2023 08:50 PM
1,830 Posts
Joined Jun 2005
MingerNov 10, 2023 08:50 PM
1,830 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.
Not even that.

Combine it with things like the 5% from Freedom, or Chase Ink Sign up Bonuses​ ($900 on $6000 spend) if you can flip this somewhere.

I've been on the 4% costco train for years but this year I've found it pretty easy to get 7% from them with some shenanigans, not including sign up bonuses.
2
Nov 10, 2023 08:51 PM
9 Posts
Joined Oct 2019
FantasticOstrich943Nov 10, 2023 08:51 PM
9 Posts
Quote from ionizer :
What good is that exchange and the electronic paper if shit hits the fan
Might be better off with food and water than a piece of gold in that case
1
Original Poster
Nov 10, 2023 08:55 PM
13,018 Posts
Joined Nov 2008
575rider
Original Poster
Nov 10, 2023 08:55 PM
13,018 Posts
Quote from MrBean411 :
Still in stock 3 hours later, there's a reason…

There are a few reasons:

They have thousands of this particular bar in stock.

Those that want these at this price have probably already hit the 2 quantity limit on previous orders and their orders aren't being fulfilled.

Those that are on the fence are holding off for a better price as it's not as great in relationship to spot as it was when Costco first started offering them.

Having said that...it's OOS. lol
Last edited by 575rider November 10, 2023 at 02:23 PM.
1
Nov 10, 2023 08:55 PM
262 Posts
Joined Feb 2007
kobe4shoNov 10, 2023 08:55 PM
262 Posts
Quote from CleverCreator6791 :
happy for all the preppers who think this is a safe way to hold onto money lol
Say you're poor without saying you're poor 😂
3

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Pro
Nov 10, 2023 08:59 PM
1,690 Posts
Joined Feb 2008
rotorrocket
Pro
Nov 10, 2023 08:59 PM
1,690 Posts
Quote from 575rider :
There are a few reasons:

They have thousands of this particular bar in stock.

Those that want these at this price have probably already hit the 2 quantity limit on previous orders and their orders aren't being fulfilled.

Those that are on the fence are holding off for a better price as it's not as great in relationship to spot as it was when Costco first started offering them.
We regret to inform you that we were unable to process your Costco.com order.

Order Number
xxxxxxxxx
Cancellation Date
11/10/2023
Quantity limits on item exceeded

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