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expired Posted by Zim1 • Feb 24, 2024
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expired Posted by Zim1 • Feb 24, 2024

Costco Members: 1 Troy Ounce Gold Bar Rand Refinery (New In Assay)

+ Free Shipping

$2,080

Costco Wholesale
115 Comments 74,951 Views
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Deal Details
Costco Wholesale has for their Members: 1 Troy Ounce Gold Bar Rand Refinery (New In Assay) for $2079.99. Shipping is free.

Thanks to Community Member zimba1 for finding this deal.

Note: A Costco Membership is required to purchase this item.

Features:
  • 1 Troy Ounce 999.9 fine gold minted bar
  • South African-made by a LBMA Good Delivery Refiner
  • Arrives in a sealed black assay card
  • Individually stamped with an unique serial number

Editor's Notes

Written by SaltyOne | Staff
  • About this deal:
  • About this store:
    • This item is not eligible to be returned or refunded.

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 Gold Bar Rand Refinery (New In Assay) for $2079.99. Shipping is free.

Thanks to Community Member zimba1 for finding this deal.

Note: A Costco Membership is required to purchase this item.

Features:
  • 1 Troy Ounce 999.9 fine gold minted bar
  • South African-made by a LBMA Good Delivery Refiner
  • Arrives in a sealed black assay card
  • Individually stamped with an unique serial number

Editor's Notes

Written by SaltyOne | Staff
  • About this deal:
  • About this store:
    • This item is not eligible to be returned or refunded.

Original Post

Written by Zim1

Community Voting

Deal Score
+44
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Top Comments

DaddyCulver
Gold is at an all time high right now. I'd wait for it to dip. It's bound to happen, just like it did from around 2014-2018. Took almost 6 years to recover from its previous high in 2013. You buy now, you could be waiting 6 years just to break even. Why do you think they're trying to sell these now?
LivelySink338
I bought Bitcoin and now I'm retired with 3 wives
Flameoo
Can we stop posting this deal? Lol who is buying this

114 Comments

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Feb 24, 2024
89 Posts
Joined Feb 2016
Feb 24, 2024
RocketBeast
Feb 24, 2024
89 Posts
Thanks!
9
Feb 24, 2024
66 Posts
Joined Nov 2015
Feb 24, 2024
gossipguy
Feb 24, 2024
66 Posts
Rand gold bars are back in stock for $2080.

https://www.costco.com/1-oz-gold-...APP=SEARCH
3
Feb 24, 2024
6 Posts
Joined Sep 2015
Feb 24, 2024
Flameoo
Feb 24, 2024
6 Posts
Can we stop posting this deal? Lol who is buying this
29
Feb 24, 2024
6,480 Posts
Joined Sep 2014

This comment has been rated as unhelpful by Slickdeals users.

Feb 24, 2024
245 Posts
Joined Feb 2024
Feb 24, 2024
Slickerdealerz
Feb 24, 2024
245 Posts
Member Only Item

Your Price2,079.99$
Shipping & Handling Included
Features:
24kt Gold
Item is Non-Refundable
Limit of 1 Transaction Per Membership, with a Maximum of 2 Units
Item is Not Eligible for Price Adjustments

https://www.costco.com/1-oz-gold-...02779.html
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Feb 24, 2024
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LivelySink338
Feb 24, 2024
1,083 Posts

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I bought Bitcoin and now I'm retired with 3 wives
4
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Feb 24, 2024
1,346 Posts
Joined Sep 2008
Feb 24, 2024
slipperybargainsman
Feb 24, 2024
1,346 Posts
Do gold bugs prefer these little bars to coins? I don't own any gold but wouldn't mind buying something shiny to own.
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Feb 24, 2024
245 Posts
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Feb 24, 2024
Slickerdealerz
Feb 24, 2024
245 Posts
Quote from slipperybargainsman :
Do gold bugs prefer these little bars to coins? I don't own any gold but wouldn't mind buying something shiny to own.
You prob see most of the boomer prefer coins, just something they are used to I suppose, we are all creature of habits , some people just collect a variety of it, some just buy the ones they like, some just buy when others are buying or say to buy…
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TrubleSh00ter
Feb 24, 2024
752 Posts

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Gold is at an all time high right now. I'd wait for it to dip. It's bound to happen, just like it did from around 2014-2018. Took almost 6 years to recover from its previous high in 2013. You buy now, you could be waiting 6 years just to break even. Why do you think they're trying to sell these now?
Last edited by DaddyCulver February 23, 2024 at 08:56 PM.
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Feb 24, 2024
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Slickerdealerz
Feb 24, 2024
245 Posts
Quote from DonWonJohnson :
How so? Looks like it returns 2 or 3% a year for 10 years. Banks have paid that or above for the last 6 years. You literally do better with a savings account. But yes, I own gold and silver also.
First off good for you I owning gold. I'm sure You chose to diversify yourself which is great. My non professional opinion is to think about gold more like a property , instead of an investment , to store the value and hedge against the loss of purchasing power from the dollars because the Fed "print" more and more just out of thin air. Just for discussion sake let's say saving accounts pay about 5% with inflation hovering around 3%, so that is really an effective rate of 2%, so my $2000 is a year later effective $2040 assuming rate doesn't change, and mid 2021 when inflation was 6-7%, saving rate was like less than 1%? So my 2000 dollars saved just became less, you get it.. But sure during that time gold has ups and downs but overall appreciated, so who knows what is next or best, it is better off not having all the eggs in one basket wouldn't you say?
6
Feb 24, 2024
245 Posts
Joined Feb 2024
Feb 24, 2024
Slickerdealerz
Feb 24, 2024
245 Posts
Quote from DaddyCulver :
Gold is at an all time high right now. I'd wait for it to dip. It's bound to happen, just like it did from around 2014-2018. Took almost 6 years to recover from its previous high in 2013. You buy now, you could be waiting 6 years just to break even. Why do you think they're trying to sell these now?
They sell this because supplies and demands, same as the reasons they sell gas and toilet paper, because there are perceived value to it.
7
Feb 24, 2024
245 Posts
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Feb 24, 2024
Slickerdealerz
Feb 24, 2024
245 Posts

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Quote from balakrishna.d1990 :
You forgot to breakdown the numbers for gold against inflation. I wonder why. Because you know it will look bad? Coz its not much different than cash you said Fed prints at will? What does that say? Gold isn't really practically finite. There's a whole lot of it. Its production is just controlled by corporate cartels and has been one of the worst investments in the name of "diversification". We just buy it coz out of old habit, collectively we believe it will hold some value, i e, a store of value which is exactly the case with Bitcoin. The difference is Bitcoin is actually finite. We know exactly how much max there is and at what rate it is generated.
First of all congrats if you invest in bitcoin. Sure let's say someone put $100 bill in the safe and so is $100 worth of gold about 100 years ago( roughly about $20/oz around 1924 so that is 5oz), so I open the safe today, the $100 bill is still $100 assuming it has not decay yet, 5oz gold is a bit over $10000. And according to the US inflation calculator. com, that $100 back in 1924 is equivalent to $1800 purchasing power today give or take.
Last edited by Slickerdealerz February 23, 2024 at 11:09 PM.
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Feb 24, 2024
3,538 Posts
Joined Apr 2011
Feb 24, 2024
kida182001
Feb 24, 2024
3,538 Posts
Quote from Flameoo :
Can we stop posting this deal? Lol who is buying this
Apparently enough people for it to keep going out of stock and they having to restock it 🤷
1
Feb 24, 2024
852 Posts
Joined Nov 2005
Feb 24, 2024
thegoob143
Feb 24, 2024
852 Posts
HONESTLY the only reason Costco is selling it is because someone is making money off this.

Sure, buy and hold under your mattress though. Good luck.
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Feb 24, 2024
40 Posts
Joined Sep 2010
Feb 24, 2024
Wavesguy
Feb 24, 2024
40 Posts
Nobody is buying this for investment purposes. They are buying to flip the same week while getting 4% back on Costco rewards. It's free money to spend on guitars and stuff we don't need on SD.
3

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