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Costco: 1 oz Gold Bar Rand Refinery (New in Assay) $2079.99

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Joined Aug 2017
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nhatanh181
01-31-2024 at 06:51 PM.
01-31-2024 at 06:51 PM.
To the golden calf they bow.
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Last edited by nhatanh181 January 31, 2024 at 06:53 PM.
Joined Aug 2008
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> bubble2 4,277 Posts
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foxfai
01-31-2024 at 07:03 PM.
01-31-2024 at 07:03 PM.
Quote from ahrs88 :
Does anyone know how these are delivered?

I don't want 2k of gold just being left outside my apartment. Is there a way to choose to pickup or sign only?
It was just a fedex bubble envelope lol
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Joined Apr 2010
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Clu11152
01-31-2024 at 07:03 PM.
01-31-2024 at 07:03 PM.
Quote from foxfai :
No tax last time I bought it for one. Also people get their 2% cash back or whatever rewards when they make a purchase, so it's a win win buy.

Any state where no sales tax is obvious no tax but it seems some others that typically charge sales tax don't.

Only way to know is put in in your cart and see what charges you get, lol
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Joined Apr 2013
L3: Novice
> bubble2 112 Posts
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chosendragon
01-31-2024 at 07:05 PM.
01-31-2024 at 07:05 PM.
not available in my location
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Joined Dec 2007
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empeebee
01-31-2024 at 07:36 PM.
01-31-2024 at 07:36 PM.
It might just be me, but I think it's pretty annoying that you have to log into costco.com to find that it's no longer available. I wish they'd just show that upfront
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Joined Jul 2019
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Nisssath
01-31-2024 at 07:52 PM.
01-31-2024 at 07:52 PM.
Quote from Besser :
$2,079 for a small gold bar this is not a deal shop will not pay spot and if they do you have a rare connection no one wanna pay 💰 up lol 😂 so that being said another alternative invest in silver can't go wrong with silver also
Silver is a horrible investment. Even compared to gold. Its the same price as in 1918 lol.

https://www.macrotrends.net/1470/...year-chart
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Last edited by Nisssath January 31, 2024 at 08:20 PM.

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Joined Dec 2012
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coolchicagoguy
01-31-2024 at 07:57 PM.
01-31-2024 at 07:57 PM.
Quote from bjsguess :
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.
Homepage | Harlan J. Berk Inc. (hjbbullion.com) [hjbbullion.com] - for example, buys and sells 24K gold at market rate. If you buy this now from Costco and you need to dispose, you just go to someone like HJB and convert to cash.

Unlike GLD (trades at 1/10th ounce), you need a place to store this (bank / home lockers).
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Joined Apr 2013
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king_pariah
01-31-2024 at 09:13 PM.
01-31-2024 at 09:13 PM.
Quote from mr_no_business :
lol I went wrong with silver, still upside down on some from 10+ years ago

Yeah basically hasn't moved. But...if you gotta slide a boat captain something to GTFO, silver bars are where its at...
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Joined Apr 2015
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goyangyi1
01-31-2024 at 09:39 PM.
01-31-2024 at 09:39 PM.
I have dragon one from last year it is rolling around near the washbasin
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Joined Jul 2015
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sreeladdu5
02-01-2024 at 12:12 AM.
02-01-2024 at 12:12 AM.
Quote from funnyman :
There is no tax in CA. Other post regarding state tax, Misinformation or is it state dependent?

State dependent. I bought last time. It was $1970.when i bought 1 state tax was applied. So i ended up buying two. Sold one to my friend. So both got profit in avoiding tax
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Joined Oct 2023
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Zim1
02-01-2024 at 03:05 PM.
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TenseScent7966
02-02-2024 at 04:29 AM.
02-02-2024 at 04:29 AM.
Quote from AladdinA4510 :
Why do people buy these?

When your paper money value (doesn't matter in physical paper or digital) is controlled by a few people who can "print"/(spending w/o existing is same as printing) at their will.
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TenseScent7966
02-02-2024 at 04:34 AM.
02-02-2024 at 04:34 AM.
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.

Having said that, keep in mind that you'll be charged your state's sales tax on this purchase

You won't earn extra "value" from gold. It only reserve/freeze your current equivalent fiat paper face value purchase powers.

Precisely, people call it "insurance" from God ( unlike commercials insurance where companies can bankrupt in decades or years, God never bankrupted)
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TenseScent7966
02-02-2024 at 06:49 AM.
02-02-2024 at 06:49 AM.
Quote from lilgrubbybaby :
Doesn't really look like it outperforms stock but I guess some people like having physical objects

If it's not in your hand, you don't own it.
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