Costco Wholesale has for its
Members:
1 Troy Ounce Gold Bar PAMP Suisse Lady Fortuna Veriscan (New In Assay) for
$2069.99.
Shipping is free.
Thanks community member
chemman14 for sharing this deal
Note, you must be an active Costco Member signed into your account to view sale price and purchase. Limit of 2 per membership. Item is non-refundable. Item is not eligible for price adjustments.
About this Product:
- 1 Troy Ounce 999.9 fine gold minted bar with a proof-like finish
- Swiss-made by a LBMA Good Delivery Refiner
- VERISCAN Bullion Identification Security System & iPhone App
- Carbon Neutral certified by the Carbon Trust in accordance with the international PAS 2060 Carbon Neutrality Standard, identified by a 'footprint' label
- Each bar is individually controlled, registered, and secured within protective CertiPAMP packaging with an official Assay Certificate and a digital certificate accessed with a QR Code. Each assay card is covered with a thin removable protective film
Veriscan Technology:
- PAMP Suisse's exclusive Veriscan technology uses the metal's microscopic topography, like a fingerprint, to identify any registered product, aiding in the detection of counterfeits. Each bar is scanned upon production and when scanned by the customer, is further verified by the Veriscan database. Veriscan is available as a creative and convenient mobile app, or as a PC software system for use with a traditional document scanner and the PAMP bullion-positioning frame.
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Top Comments
Sometimes I wish Costco wasn't so lenient and stood firm a little. You're just taking advantage.
Something like this being shipped and Costco wouldn't have double and triple checks in place to ensure the product is going out correctly?
And they are shipping overnight with signature required via UPS. I know sometimes the delivery person might be faking a customer's signature and leaving it at the door but that's not the norm.
104 Comments
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- How do the fellow SD members sell these bars?
- What is the good rule of thumb for the new vs resale value difference compared to spot value? And where do you sell these in safe manner?
As an example:
- spot value of gold right now is $2025 per oz.
- this bar is $2070
- what will be a good value if I want to sell it?
- Do you recommend and any gold related funds?
I would like to learn a little bit about gold treading and thanks in advance.
https://www.jmbullion.c
- Spot price is based on the price per ounce of a 100 oz bar. 1oz bars pretty much always sell at a premium over spot when buying from any shop out there and just how much over can vary depending on the local market. When you sell to them, obviously there's going to be a margin, but that will depend on the local market. Some will pay spot for bars, some will pay a couple of percent below, and they may even offer less (particularly in more rural areas with less competition). The following video shows a dealer who is very transparent with pricing and has a spread around 4% (although that's kind of an old video and they were at a 3% spread a few weeks ago) … https://www.youtube.com/watch?v=PT_hOsr
- If you're looking at actually "trading" gold, ETFs like GLD or BAR are likely much more suitable. Also, trading can be a way to lose money very quickly if you don't know what you're doing … I wouldn't recommend it at all unless you really know what you're doing and even then, gold may not be the best asset class for that kind of thing. I'd consider much more carefully and really research it outside of silly internet boards before even touching something like that.
Also, why would they buy your gold at the same price they could buy gold from a reputable gold source? Yeah, I can buy gold from some guy off the street or a business that guarantees weight/purity for the exact same price. I think I'm gonna help this random dude out because he is acting the part.
"Why Do I Have to Pay More than the Spot Price?
Simple Answer: Because "spot price" is the bulk rate for a large bar [100 oz gold or (5) 1,000 oz silver bars]. Further, "spot price" does not include shipping, commission. or insurance to get actual precious metal into your hands. The large bars are, instead, held in a depository far away. Government and private mints buy large bars off the market and from refiners, then they produce "rounds" in the correct fineness before they are stamped out in a press under 100 to 150 tons pressure. Obviously, the smaller the coin, the more cost to mint it, per economies of scale. Analogy: A bushel of wheat costs much less than a loaf of bread; one is in the raw state, the other required careful work/cost to produce. Then, after the coins are minted, there are distribution costs that must be covered which also add to the "coin premium.""
https://washingtongolde
Just buy lead, it's also very heavy but super affordable.
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I placed an order today for the PAMP here, and I got a "Quantity limits on item exceeded".
I called and said why? I havent bought a pamp in a couple weeks.
She said its because I have an active order on the Maple, and its on ANY gold...
This is new? Im arguing this but doesnt seem like i'm going to win the argument.
So is it now 1 active "Gold" order of any kind at once? and If so, how long is the moratorium in between?
Edit:
S.. I just checked my order and they cancelled the bar
- How do the fellow SD members sell these bars?
- What is the good rule of thumb for the new vs resale value difference compared to spot value? And where do you sell these in safe manner?
As an example:
- spot value of gold right now is $2025 per oz.
- this bar is $2070
- what will be a good value if I want to sell it?
- Do you recommend and any gold related funds?
I would like to learn a little bit about gold treading and thanks in advance.
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