Costco Members: 1 Troy Oz. 2024 American Buffalo Gold Coin (New In Assay)

toromac

Apr 19, 2024 11:22 PM

3.5K Comments

Joined Jan 2011

toromacApr 19, 2024 11:22 PM

3.5K Comments

Quote from leiff

:

just missed this sale. how oftern to these go on sale? Buffolos are more valued than eagles because of metal composite or desighn?

Rarity. Actually buffalos have same gold as american eagles. But american eagles are a mix of gold copper and silver with just shy of 92% gold. But the gold portion of that mix is one oz. So i think the american eagle is a bit heavier/bigger. Buffalos are 100% gold (24 karat).

toromac

Apr 19, 2024 11:38 PM

3.5K Comments

Joined Jan 2011

toromacApr 19, 2024 11:38 PM

3.5K Comments

Quote from Pga

:

Gold have never exceeded ~$2600 in real value, ever.

And? The national debt has never risen from 10 trillion to 34 trillion in 14 years either. Sit and imagine that for a second. Just the interest on our debt will soon be more than all military spending. I dont think youve done the basic math let alone any research into this whatsoever. Where do you think we will get the money to pay for that debt? Hint- we wont. We will inflate it away. If your mcdonalds big mac costs $20 in 10 years what do you think the price of gold will be?

9

Pga

Apr 20, 2024 1:44 AM

2.1K Comments

Joined Dec 2012

PgaApr 20, 2024 1:44 AM

2.1K Comments

Quote from toromac

:

And? The national debt has never risen from 10 trillion to 34 trillion in 14 years either. Sit and imagine that for a second. Just the interest on our debt will soon be more than all military spending. I dont think youve done the basic math let alone any research into this whatsoever. Where do you think we will get the money to pay for that debt? Hint- we wont. We will inflate it away. If your mcdonalds big mac costs $20 in 10 years what do you think the price of gold will be?

and what has gold done in those 14 years while national debt kept on increasing? Answer: absolutely nothing. It was going sideways until 4 months ago when Asian buyers started driving up the price at disconnect with gold's actual fundamentals.

Current gold bubble has absolutely nothing to do with US debt or US inflation. US demand is not even driving the prices.......

Hint: open your eyes beyond US-centric narratives. World is much bigger than US region.

In 10 years price of gold will be anywhere from ~$480 to $2600 in todays money.

Last edited by Pga April 19, 2024 at 06:47 PM.

2

toromac

Apr 20, 2024 4:05 AM

3.5K Comments

Joined Jan 2011

toromacApr 20, 2024 4:05 AM

3.5K Comments

Quote from Pga

:

and what has gold done in those 14 years while national debt kept on increasing? Answer: absolutely nothing. It was going sideways until 4 months ago when Asian buyers started driving up the price at disconnect with gold's actual fundamentals.

Current gold bubble has absolutely nothing to do with US debt or US inflation. US demand is not even driving the prices.......

Hint: open your eyes beyond US-centric narratives. World is much bigger than US region.

In 10 years price of gold will be anywhere from ~$480 to $2600 in todays money.

Wrong. Central banks are buying because nobody wants our debt anymore in the form of treasuries. Other countries are preparing for a post dollar world. It is the straw that broke the camel's back type of situation. Gold etfs have actually seen outflows during gold's rise. Gold has risen despite the fact that it shouldnt be right now. If/when US speculators get in on the new gold rush, gold will rise significantly. Our debt is unsustainable. We will inflate it away as we have increasingly done. Economic winter is coming and when it does- more money will have to be pumped into the system than ever before. That is the problem with the stimulus bailouts. Each crisis requires more and more $$$. At some point you have a complete lack of trust in the dollar and treasuries. If govts stop buying our treasuries, someone has to buy it- that someone is the govt itself. When they buy it - they monetize the debt. The dollar devalues and gold rises. It is simple and inevitable.

Look forward to seeing you on future costco gold posts. Time will tell. And it wont be kind to your uninformed logic.

Last edited by toromac April 19, 2024 at 09:07 PM.

5

sligdillz

Apr 20, 2024 11:42 PM

323 Comments

Joined Apr 2017

sligdillzApr 20, 2024 11:42 PM

323 Comments

Quote from vtmon

:

If you have to buy a gold Buffalo right now, Costco is the place to purchase it from. However, this price is too high for me. I'll start looking again when it goes below $2200.

What makes you think it's going down under 2200$

1

observer1313

May 7, 2024 12:25 PM

2.8K Comments

Joined Mar 2009

observer1313May 7, 2024 12:25 PM

2.8K Comments

Quote from scdiamond

:

doubt it they make hundreds of millions selling it
if it did, it would have been shut down months ago
it's been happening for years

Costco's single most important source of revenue is membership fees.
You have to be a member to buy these offers of gold.

Costco Members: 1 Troy Oz. 2024 American Buffalo Gold Coin (New In Assay)

$2,470

$2,470

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