expiredbridge12219 posted Feb 16, 2024 10:33 PM
Item 1 of 2
Item 1 of 2
expiredbridge12219 posted Feb 16, 2024 10:33 PM
Costco Members: 20-Count 1 Troy Ounce American Eagle Silver Coin (2024)
+ Free Shipping$550
$550
Costco Wholesale
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"Why Do I Have to Pay More than the Spot Price?
Simple Answer: Because "spot price" is the bulk rate for a large bar . 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.""
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If US dollars fail, we will be in a sort of trouble a safe full of silver eagles won't solve. That said, I'm not entirely vested in fiat either, but I don't own physical silver or gold.
...if it comes to a barter situation, I'd rather have ammunition, fuel, and food to be honest.
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Features:
Item is Non-Refundable
Limit of 1 Transaction Per Membership, with a Maximum of 5 Units
Item is Not Eligible for Price Adjustments
Arrives approximately 3 - 5 business days from time of order.
Members Only: Warehouse pick up is available for this item and standard delivery time will apply. Please note, only the bill-to credit card addressee may pickup the product. Valid state or government-issued photo ID is required at the time of pick up.
https://www.costco.com/2024-1-oz-...40592.html
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The country of australia sold fake gold to china
and got caught
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"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
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