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1 oz Gold Bar PAMP Suisse Lady Fortuna Veriscan (New In Assay) - $2220
$2,220.00
Features: 24kt Gold
Item is Non-Refundable
Limit of 1 Transaction Per Membership, with a Maximum of 2 Units
Item is Not Eligible for Price Adjustments
https://www.costco.com/.product.4...ue
Item is Non-Refundable
Limit of 1 Transaction Per Membership, with a Maximum of 2 Units
Item is Not Eligible for Price Adjustments
https://www.costco.com/.product.4...ue
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Your Price2,219.99$
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/.product.4..._h
It's literally gold lol. You're not going to get a $400 discount at any point in time for the foreseeable future.
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Whats the real reason ?
Because the Federal Reserve will never stop printing money, ever.
1. When the dollar (US) is week people are afraid to hold dollars as their fortune may lose its value. So, they will invest in gold to protect themselves from shaky currencies. Price of gold goes up.
But when the dollar is strong there's no need for that. So, the subsequent reaction is that gold will be in lesser demand. Gold goes down.
2. Interest rates are up, people don't spend, rather they keep their money(dollars) as it grows in the bank with the higher interest rate. So, gold goes down.
But when the interest rates go down, people want to spend their money now, rather than see inflation take the value of their dollars down. So, people will invest in gold again. That brings gold back up.
Interest rates have been going up and gold has been going up. Is inflation higher than interest rates? Is US dollar is getting weaker because of over printing? Is US dollar getting weaker because other countries don't want it as reserve currency because of over printing or weaponing the US dollar with sanctions?
Spot price of Gold at the moment is $2170. Retailers need to make a profit so it is marked up from spot price. Marking down $300 from spot price is not realistic.