expired Posted by bridge12219 • Feb 16, 2024
Feb 16, 2024 10:33 PM
Item 1 of 1
expired Posted by bridge12219 • Feb 16, 2024
Feb 16, 2024 10:33 PM
Costco Members: 20-Count 1 Troy Ounce American Eagle Silver Coin (2024)
+ Free Shipping$550
$550
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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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Bottom line, this is a fair deal for this product especially when combined with Costco Executive membership rewards and Citi Costco Visa rewards. Somebody else can do the math. Looks to be a moot point anyhow as this is OOS now.
Check the bullion websites and see for yourself. Without wasting time I found one comparable price: ASE, random year, not BU, and you have to purchase using check or wire transfer. find bullion prices (dot) com is a useful tool. I do live in a state with no sales tax so that is not a consideration for me.
Silver CAN be bought at spot with some vendors by taking advantage of occasional one-time deals. JMBullion (among others) right now, just go there and search for "silver at spot".
If you are selling your silver under spot you need to move on to another buyer. Anyone selling silver under spot has more to worry about than what spot price is. Only predatory buyers (some pawn shops) will do this. Educate yourself!
Keep silver to a 10% maximum of your portfolio and buy wisely! Not for everybody... I like the tangibility, it's about 8% of my portfolio and ROI on my stash is just over 19% at the moment. Makes nice gifts and it's easily and quickly converted to cash if the need arises. This is my POV on the subject and may not be yours. Just kind of surprised at the vitriol being thrown around regarding a "deal".
BTW: main reason for $1 denomination is primarily to grant them legal tender status within the US. Actual value of American Silver Eagles is determined by the current market price of silver, which is obviously significantly higher than the $1 face value.
Bottom line, this is a fair deal for this product especially when combined with Costco Executive membership rewards and Citi Costco Visa rewards. Somebody else can do the math. Looks to be a moot point anyhow as this is OOS now.
Check the bullion websites and see for yourself. Without wasting time I found one comparable price: ASE, random year, not BU, and you have to purchase using check or wire transfer. find bullion prices (dot) com is a useful tool. I do live in a state with no sales tax so that is not a consideration for me.
Silver CAN be bought at spot with some vendors by taking advantage of occasional one-time deals. JMBullion (among others) right now, just go there and search for "silver at spot".
If you are selling your silver under spot you need to move on to another buyer. Anyone selling silver under spot has more to worry about than what spot price is. Only predatory buyers (some pawn shops) will do this. Educate yourself!
Keep silver to a 10% maximum of your portfolio and buy wisely! Not for everybody... I like the tangibility, it's about 8% of my portfolio and ROI on my stash is just over 19% at the moment. Makes nice gifts and it's easily and quickly converted to cash if the need arises. This is my POV on the subject and may not be yours. Just kind of surprised at the vitriol being thrown around regarding a "deal".
...as was stated in my original post.
Thanks @kgorilla. was going to mention that one also. Here's another: https://monumentmetals.
Accept being refuted... I know you won't 😂
Silver will go up if the Fed tames inflation and can start lowering interest rates later this year.
Silver goes down if we have a recession.
Very simple.
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also eagles are the most expensive form of silver to buy dont do it.
the mint needs to learn that the premium they charge isn't tolerated.
20% premium is too high historically it was less than 10% even during the 2008 GFC
recession depression fake wording whatever you want.
stop buying eagles and buy generics as you are after the element not collecting these over priced premiums.
yeah yeah paying wages to make these or blanks? no really you just reducing powder to buy spot silver.
save up buy comex and take delivery force them to deliver it its a headache but do it.
that is the best way to buy silver but highly restricted by gov and wall street so they can control the price at will.
buying eagles will do nothing otherwise.
unless costco makes generics and sell them as close to spot as they can hey costco pitching an idea to you.
we may need more hyper inflation to do this.
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I looked and searched but could not find it.
Since you saw it, please post a direct link.
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