Apologies for what I'm sure are stupid questions but appreciate in advance your thoughts:
1. Are these easy to dispose of? And if so, who buys this?
2. Today, if this costs me $2080 what would it typically sell for if I need to convert it (assuming that the price of gold holds steady)?
I'm trying to figure out how liquid this asset truly is and how much of a premium am I paying to diversify from stocks/cash into physical metals.
Also, any restrictions on using the Costco Visa? Assuming this would be eligible for 4% back between the card and the Executive Membership.
Apologies for what I'm sure are stupid questions but appreciate in advance your thoughts:
1. Are these easy to dispose of? And if so, who buys this?
2. Today, if this costs me $2080 what would it typically sell for if I need to convert it (assuming that the price of gold holds steady)?
I'm trying to figure out how liquid this asset truly is and how much of a premium am I paying to diversify from stocks/cash into physical metals.
Also, any restrictions on using the Costco Visa? Assuming this would be eligible for 4% back between the card and the Executive Membership.
Your local coin shop can answer both of your questions.
IMO there's only two reasons to buy these:
1. You are trying to hit credit card spending bonuses.
2. You plan to hold this long term.
It's not worth the hassle if you are just trying to flip them for minimal, if any, profit, even after the 4% cash back.
How is this a Slick Deal? Has anyone had a positive experience (profit) buying and selling gold?
IMO buying gold is more of a hedge - if you think 1) long term appreciate/diversification or 2) world is ending and paper money will be useless. These listings typically sell out very quickly, gold seems to be more sought after right now with everything going on.
Having said that, keep in mind that you'll be charged your state's sales tax on this purchase
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01-31-2024 at 05:29 PM.
Quote
from Clu11152
:
IMO buying gold is more of a hedge - if you think 1) long term appreciate/diversification or 2) world is ending and paper money will be useless. These listings typically sell out very quickly, gold seems to be more sought after right now with everything going on.
If you want a hedge, GLD is much easier to buy and sell. If you think the world will end, buy essentials like food and medicine, maybe a farm to live on.
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24kt Gold
Item is Non-Refundable
Limit 2 Per Membership
Item is Not Eligible for Price Adjustments
https://www.costco.com/1-oz-gold-...02779.html
24kt Gold
Item is Non-Refundable
Limit 2 Per Membership
Item is Not Eligible for Price Adjustments
https://www.costco.com/1-oz-gold-...02779.html
https://www.costco.com/.product.4...ue
1. Are these easy to dispose of? And if so, who buys this?
2. Today, if this costs me $2080 what would it typically sell for if I need to convert it (assuming that the price of gold holds steady)?
I'm trying to figure out how liquid this asset truly is and how much of a premium am I paying to diversify from stocks/cash into physical metals.
Also, any restrictions on using the Costco Visa? Assuming this would be eligible for 4% back between the card and the Executive Membership.
1. Are these easy to dispose of? And if so, who buys this?
2. Today, if this costs me $2080 what would it typically sell for if I need to convert it (assuming that the price of gold holds steady)?
I'm trying to figure out how liquid this asset truly is and how much of a premium am I paying to diversify from stocks/cash into physical metals.
Also, any restrictions on using the Costco Visa? Assuming this would be eligible for 4% back between the card and the Executive Membership.
Your local coin shop can answer both of your questions.
IMO there's only two reasons to buy these:
1. You are trying to hit credit card spending bonuses.
2. You plan to hold this long term.
It's not worth the hassle if you are just trying to flip them for minimal, if any, profit, even after the 4% cash back.
Sign up for a Slickdeals account to remove this ad.
IMO buying gold is more of a hedge - if you think 1) long term appreciate/diversification or 2) world is ending and paper money will be useless. These listings typically sell out very quickly, gold seems to be more sought after right now with everything going on.
Having said that, keep in mind that you'll be charged your state's sales tax on this purchase
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I am in the positive on all of my gold purchases, as it is at an all time high.
That said, I haven't sold any. But gold was $1650 not even 3 years ago.
Thats not huge but it's not nothing if you like the idea of some of your net worth in a phsyical rare metal commodity.
Gold is made during the explosion of stars.
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