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
$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.
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.
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
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.
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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I don't want 2k of gold just being left outside my apartment. Is there a way to choose to pickup or sign only?
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
https://www.macrotrends
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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.
Unlike GLD (trades at 1/10th ounce), you need a place to store this (bank / home lockers).
Yeah basically hasn't moved. But...if you gotta slide a boat captain something to GTFO, silver bars are where its at...
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
https://slickdeals.net/f/17269828-costco-members-1-oz-canada-maple-leaf-gold-coin-2079-99
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.
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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If it's not in your hand, you don't own it.