Costco Members: 1 Troy Ounce Gold Bar Rand Refinery (New In Assay)

crablover2

Nov 10, 2023 9:00 PM

1.1K Comments

Joined Dec 2007

crablover2Nov 10, 2023 9:00 PM

1.1K Comments

Quote from rgpatt

:

California sales tax kills it , the new law now makes it $2,000 threshold used to be $1,500.00 Costco online will show $1,999.99 and then add on about $160.00 tax if you live in Cali. Lots of people on here do not know what they are talking about. Hope this helps someone who's thinking about pulling the trigger😎

https://www.greysheet.com/news/st...on-changed

Costco did not charged tax for the 1999.99 purchase for me in CA. Prior purchase a month ago or this one. I bought only 1 coin, otherwise I would have bought 2 to avoid the tax.

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1

fritzo

Nov 10, 2023 9:04 PM

4.4K Comments

Joined Aug 2011

fritzoNov 10, 2023 9:04 PM

4.4K Comments

Mine had extra Troy!

1

gder03

Nov 10, 2023 9:11 PM

377 Comments

Joined Jan 2009

gder03Nov 10, 2023 9:11 PM

377 Comments

Quote from kobe4sho

:

Say you're poor without saying you're poor 😂

The transaction costs, storage, all for what... some .0000001% doomsday scenario where you go to the grocery store with gold coins you smelted? Buying gold ETFs with virtually no transaction costs is 100x smarter. Honestly your quote makes you sound much more financially illiterate than the guy you quoted lol.

3

Beckles

Nov 10, 2023 9:11 PM

166 Comments

Joined Nov 2018

BecklesNov 10, 2023 9:11 PM

166 Comments

Quote from thrustbucket

:

Preppers buy these with the intention of using them in post-society scenarios.

Guns and ammunition are much more valuable in such scenarios.

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1

kobe4sho

Nov 10, 2023 9:13 PM

264 Comments

Joined Feb 2007

kobe4shoNov 10, 2023 9:13 PM

264 Comments

Quote from gder03

:

The transaction costs, storage, all for what... some .0000001% doomsday scenario where you go to the grocery store with gold coins you smelted? Buying gold ETFs with virtually no transaction costs is 100x smarter. Honestly your quote makes you sound much more financially illiterate than the guy you quoted lol.

Gold will always go up in price not sure what you're smoking

4

gder03

Nov 10, 2023 9:17 PM

377 Comments

Joined Jan 2009

gder03Nov 10, 2023 9:17 PM

377 Comments

Quote from kobe4sho

:

Gold will always go up in price not sure what you're smoking

Do you understand what gold ETFs are? If not, why are you replying? No one is talking about the value of gold. The debate is bullion vs the alternatives..

1

AHoopyFrood

Nov 10, 2023 9:17 PM

62 Comments

Joined Jun 2015

AHoopyFroodNov 10, 2023 9:17 PM

62 Comments

Quote from powerbymoney

:

What is the value of physical gold? Ask the founder of Sriracha.

That's a real world use but requires a society where gold has value and isn't the scenario preppers are, well, prepping for. He didn't literally trade the gold for goods and services because it had value in an existing fiat currency. Besides, the reality of a societal collapse situation is that gold is just as fiat as a piece of paper. I'm not going to trade you some of the food I've grown for gold but a steel tool you forged? That has value.

1

Antonius

Nov 10, 2023 9:18 PM

287 Comments

Joined Sep 2008

AntoniusNov 10, 2023 9:18 PM

287 Comments

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?

Because the fact is that real investors who are "diversifying" don't buy physical gold, silver etc they trade the options and use ETFs etc. The people who buy physical bullion are buying for totally different reasons that have nothing to do with a long term diverse investment portfolio in the way that people buy stocks, bonds etc. Real investors, in the way most people would understand and define the term, trade precious minerals as the prices fluctuate over short and medium terms, almost no one buys silver or gold to hold for 10 years, mainly because if you look at the long term of this like gold and silver they've been terrible investments. Now if you think fiat currency is dead and somehow physical bars of gold and silver will be the only real currency at some point for whatever reason, then you are buying this. The added costs of acquiring, storing, the buy sell spreads when you acquire and liquidate, etc when combined with the historical long term poor performance work against metals in the investment sense.

Last edited by Antonius November 10, 2023 at 01:23 PM.

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2

beirbuddycom

Nov 10, 2023 9:20 PM

661 Comments

Joined Dec 2004

beirbuddycomNov 10, 2023 9:20 PM

661 Comments

Quote from MachAF

:

Ever heard of diversification?

Gold has never been a good investment strategy. Don't listen to the 2am commercials where they pick the beginning and end time frame to explain how gold has beat inflation or s&p500 if you put it in an index fund.

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3

jack250

Nov 10, 2023 9:21 PM

1.1K Comments

Joined Sep 2011

jack250Nov 10, 2023 9:21 PM

1.1K Comments

never have chance to held a piece gold, just waste 2K to paly with it. now it is OOS again.

1

jep08

Nov 10, 2023 9:21 PM

945 Comments

Joined Nov 2011

jep08Nov 10, 2023 9:21 PM

945 Comments

Quote from Minger

:

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.

I get it. But how many times can you do that With your bonus sign up?

2

TalentedWinter6399

Nov 10, 2023 9:22 PM

10 Comments

Joined Feb 2023

TalentedWinter6399Nov 10, 2023 9:22 PM

10 Comments

Since shipping is free I bought 14 of them.

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beirbuddycom

Nov 10, 2023 9:22 PM

661 Comments

Joined Dec 2004

beirbuddycomNov 10, 2023 9:22 PM

661 Comments

Quote from crablover2

:

Costco did not charged tax for the 1999.99 purchase for me in CA. Prior purchase a month ago or this one. I bought only 1 coin, otherwise I would have bought 2 to avoid the tax.

Many states have laws that exempt sales tax on buying bullion. But has to be bullion, that's why a gold coin or jewelry has sales tax.

1

observer1313

Nov 10, 2023 9:23 PM

2.8K Comments

Joined Mar 2009

observer1313Nov 10, 2023 9:23 PM

2.8K Comments

Quote from jim32190

:

Are we looking at the same chart?

No, we are not looking at the same chart. I am currently in Europe and looked at the price first thing in the morning, about 2AM Eastern US std. time.
Indeed, gold has been in a freefall today.

1

Meat-Wallet

Nov 10, 2023 9:24 PM

553 Comments

Joined May 2018

Meat-WalletNov 10, 2023 9:24 PM

553 Comments

Does this stack with chase freedom 5% back?

Costco Members: 1 Troy Ounce Gold Bar Rand Refinery (New In Assay)

$2,000

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