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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 09:00 PM
1,081 Posts
Joined Dec 2007
crablover2Nov 10, 2023 09:00 PM
1,081 Posts
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.
1
Nov 10, 2023 09:04 PM
4,123 Posts
Joined Aug 2011
fritzoNov 10, 2023 09:04 PM
4,123 Posts
Mine had extra Troy!
1
Nov 10, 2023 09:11 PM
351 Posts
Joined Jan 2009
gder03Nov 10, 2023 09:11 PM
351 Posts
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
Nov 10, 2023 09:11 PM
165 Posts
Joined Nov 2018
BecklesNov 10, 2023 09:11 PM
165 Posts
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.
1
Nov 10, 2023 09:13 PM
262 Posts
Joined Feb 2007
kobe4shoNov 10, 2023 09:13 PM
262 Posts
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
Nov 10, 2023 09:17 PM
351 Posts
Joined Jan 2009
gder03Nov 10, 2023 09:17 PM
351 Posts
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
Nov 10, 2023 09:17 PM
61 Posts
Joined Jun 2015
AHoopyFroodNov 10, 2023 09:17 PM
61 Posts
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

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Nov 10, 2023 09:18 PM
287 Posts
Joined Sep 2008
AntoniusNov 10, 2023 09:18 PM
287 Posts
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 02:23 PM.
2
Nov 10, 2023 09:20 PM
644 Posts
Joined Dec 2004
beirbuddycomNov 10, 2023 09:20 PM
644 Posts
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.
3
Nov 10, 2023 09:21 PM
1,113 Posts
Joined Sep 2011
jack250Nov 10, 2023 09:21 PM
1,113 Posts
never have chance to held a piece gold, just waste 2K to paly with it. now it is OOS again.
1
Nov 10, 2023 09:21 PM
944 Posts
Joined Nov 2011
jep08Nov 10, 2023 09:21 PM
944 Posts
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
Nov 10, 2023 09:22 PM
10 Posts
Joined Feb 2023
TalentedWinter6399Nov 10, 2023 09:22 PM
10 Posts
Since shipping is free I bought 14 of them.
3
Nov 10, 2023 09:22 PM
644 Posts
Joined Dec 2004
beirbuddycomNov 10, 2023 09:22 PM
644 Posts
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.
Nov 10, 2023 09:23 PM
2,796 Posts
Joined Mar 2009
observer1313Nov 10, 2023 09:23 PM
2,796 Posts
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.

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Nov 10, 2023 09:24 PM
516 Posts
Joined May 2018
Meat-WalletNov 10, 2023 09:24 PM
516 Posts
Does this stack with chase freedom 5% back?

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