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expiredZim1 posted Feb 18, 2024 01:49 AM
expiredZim1 posted Feb 18, 2024 01:49 AM

Costco Members: 1 Troy Ounce 2024 Canada Maple Leaf Gold Coin (New In Assay)

+ Free Shipping

$2,070

Costco Wholesale
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Deal Details
Costco Wholesale has for their Members: 1 Troy Ounce 2024 Canada Maple Leaf Gold Coin (New In Assay) for $2069.99. Shipping is free.

Thanks to community member zimba1 for finding this deal.

Features:
  • 1 Troy Ounce 999.9 fine gold minted coin
  • Made by a LBMA Good Delivery Refiner
  • Bullion DNA Anti-Counterfeiting Technology, exclusive to the Royal Canadian Mint
  • Arrives in a Costco-exclusive sealed assay card

Editor's Notes

Written by qwikwit | Staff
  • Limit of 1 Transaction Per Membership, with a Maximum of 2 Units.
  • This item is not eligible to be returned or refunded.
  • Item is not eligible for price adjustments.
  • Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.

Original Post

Written by Zim1
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Costco Wholesale has for their Members: 1 Troy Ounce 2024 Canada Maple Leaf Gold Coin (New In Assay) for $2069.99. Shipping is free.

Thanks to community member zimba1 for finding this deal.

Features:
  • 1 Troy Ounce 999.9 fine gold minted coin
  • Made by a LBMA Good Delivery Refiner
  • Bullion DNA Anti-Counterfeiting Technology, exclusive to the Royal Canadian Mint
  • Arrives in a Costco-exclusive sealed assay card

Editor's Notes

Written by qwikwit | Staff
  • Limit of 1 Transaction Per Membership, with a Maximum of 2 Units.
  • This item is not eligible to be returned or refunded.
  • Item is not eligible for price adjustments.
  • Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.

Original Post

Written by Zim1

Community Voting

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Top Comments

Dalsweeper
188 Posts
65 Reputation
Most jewelers will buy it. But at about 90-95 percent of the spot price. So it needs to appreciate to break even.

I love when people say, "if the dollar goes to shit I'll have gold". That's a useless comment too, what are they planning on doing, buy some food, cut off a piece of their gold and exchange for it? My guess is the other side of the transaction will think you are crazy.
Dalsweeper
188 Posts
65 Reputation
You are so wrong it's hilarious. Look at gold compared to inflation throughout time and you will see it is a bad investment. Gold as a hedge has been proven to be economically inefficient by several Nobel laureates. I am sure you have a Reddit page saying otherwise. But who am I to argue on the internet with someone obviously smarter than me…..
Dalsweeper
188 Posts
65 Reputation
You are right. But $1000 in the s&p 500 would be over $4000 today. So you could buy about 2x more if you did not invest in gold. So you may not a Nobel prize winner but even easy math shows you could have been better.

155 Comments

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Feb 18, 2024 12:00 PM
9 Posts
Joined Jan 2024

This comment has been rated as unhelpful by Slickdeals users.

Feb 18, 2024 12:12 PM
188 Posts
Joined Dec 2017
DalsweeperFeb 18, 2024 12:12 PM
188 Posts
Quote from VioletGuitar6454 :
Just curious, are these gold/silver coins somewhat liquid? I mean, if I buy some and someday I need cash, is there any place I can sell them and recoup the money?
Most jewelers will buy it. But at about 90-95 percent of the spot price. So it needs to appreciate to break even.

I love when people say, "if the dollar goes to shit I'll have gold". That's a useless comment too, what are they planning on doing, buy some food, cut off a piece of their gold and exchange for it? My guess is the other side of the transaction will think you are crazy.
7
Feb 18, 2024 12:36 PM
393 Posts
Joined Jan 2005
t_rameshFeb 18, 2024 12:36 PM
393 Posts

Our community has rated this post as helpful. If you agree, why not thank t_ramesh

Quote from VioletGuitar6454 :
Just curious, are these gold/silver coins somewhat liquid? I mean, if I buy some and someday I need cash, is there any place I can sell them and recoup the money?
Most of the jewelry shops give you spot price. If not then you have to insist. Here area a good list of shops:

https://www.jmbullion.com/local/
1
Feb 18, 2024 01:19 PM
539 Posts
Joined May 2012
Arok79Feb 18, 2024 01:19 PM
539 Posts
Quote from Slickerdealerz :
I am just curiously how you know price should
come down?
He does not know. He is just trolling.
Feb 18, 2024 01:21 PM
539 Posts
Joined May 2012
Arok79Feb 18, 2024 01:21 PM
539 Posts
Quote from Dalsweeper :
Most jewelers will buy it. But at about 90-95 percent of the spot price. So it needs to appreciate to break even.

I love when people say, "if the dollar goes to shit I'll have gold". That's a useless comment too, what are they planning on doing, buy some food, cut off a piece of their gold and exchange for it? My guess is the other side of the transaction will think you are crazy.
Its insurance against the falling value of your fiat currency. Understand why you own this type of item in the first place before posting.
14
Feb 18, 2024 01:26 PM
188 Posts
Joined Dec 2017
DalsweeperFeb 18, 2024 01:26 PM
188 Posts
Quote from Arok79 :
Its insurance against the falling value of your fiat currency. Understand why you own this type of item in the first place before posting.
You are so wrong it's hilarious. Look at gold compared to inflation throughout time and you will see it is a bad investment. Gold as a hedge has been proven to be economically inefficient by several Nobel laureates. I am sure you have a Reddit page saying otherwise. But who am I to argue on the internet with someone obviously smarter than me…..
2
11
Feb 18, 2024 01:30 PM
29 Posts
Joined Dec 2006
AtlDawg01Feb 18, 2024 01:30 PM
29 Posts
Is this better than the PAMP bar?

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Feb 18, 2024 01:52 PM
1,157 Posts
Joined Dec 2005
offbeatFeb 18, 2024 01:52 PM
1,157 Posts
Quote from mrmochi :
If you're comparing to others then yes this is a great deal. If you're asking if this is something you'll be able to make money on then answer is no
Gold is not a true investment vehicle. It is insurance for the dollar, inflation, etc

In other words, the reason why gold had performed well is because of the high inflation on cost of goods, the government literally printing more money making the current circulation of dollars less valuable.

Buying gold will put your current value of fiat dollars in a manner that will keep up with inflation.
8
Feb 18, 2024 01:56 PM
2,080 Posts
Joined Dec 2012
PgaFeb 18, 2024 01:56 PM
2,080 Posts
Quote from offbeat :
Gold is not a true investment vehicle. It is insurance for the dollar, inflation, etc

In other words, the reason why gold had performed well is because of the high inflation on cost of goods, the government literally printing more money making the current circulation of dollars less valuable.

Buying gold will put your current value of fiat dollars in a manner that will keep up with inflation.
Gold has never followed inflation. This chart easily proves that:
https://www.macrotrends.net/1333/...year-chart

Please stop spreading alternative facts.
1
3
Feb 18, 2024 01:57 PM
1,157 Posts
Joined Dec 2005
offbeatFeb 18, 2024 01:57 PM
1,157 Posts
Quote from VioletGuitar6454 :
Just curious, are these gold/silver coins somewhat liquid? I mean, if I buy some and someday I need cash, is there any place I can sell them and recoup the money?
Any precious metal dealer would buy these.
Your other secondary options are pawn shops, and jewelers.
Feb 18, 2024 03:08 PM
89 Posts
Joined Sep 2020
BlueAction3903Feb 18, 2024 03:08 PM
89 Posts
How liquid are gold coins? Who would buy one, and what kind of fees are involved? Would a get close to the spot price for gold?
Feb 18, 2024 03:21 PM
154 Posts
Joined Jan 2015
wmesallemFeb 18, 2024 03:21 PM
154 Posts
Quote from VioletGuitar6454 :
Just curious, are these gold/silver coins somewhat liquid? I mean, if I buy some and someday I need cash, is there any place I can sell them and recoup the money?
I use them to enter the Continental hotel in New York.
4
3
Feb 18, 2024 03:21 PM
123 Posts
Joined Sep 2011
jockobotFeb 18, 2024 03:21 PM
123 Posts
Imagine buying this and putting in your safe, the finding out its just a $2000 foil wrapped chocolate.
3
6
Feb 18, 2024 03:31 PM
15 Posts
Joined Dec 2010
arnestoFeb 18, 2024 03:31 PM
15 Posts
What is the scenario where this coin will be useful? One day you are broke, have no cash, and you sell this coin at a jeweler?
Wouldn't it be better to put $2k in cash into a savings account and use that money when you need it?
1

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Feb 18, 2024 03:38 PM
215 Posts
Joined Nov 2013
EdwardK1919Feb 18, 2024 03:38 PM
215 Posts
Quote from Dalsweeper :
You are so wrong it's hilarious. Look at gold compared to inflation throughout time and you will see it is a bad investment. Gold as a hedge has been proven to be economically inefficient by several Nobel laureates. I am sure you have a Reddit page saying otherwise. But who am I to argue on the internet with someone obviously smarter than me…..
Since last crisis in 2009, gold was $900 and now is $2,000
Pretty much everything doubled in price.
It is doing fine hedging against inflation
​Disclosure: Because I don't have a nobel prize, I have to do my own shopping.
8

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