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Costco Offer:2024 1 oz Canada Maple Leaf Gold Coin - $2349.99

$2,349.99
+15 Deal Score
7,277 Views
Features:
1 oz 999.9% Fine Gold Minted Coin
Item is Non-Refundable
Limit of 1 Transaction Per Membership, with a Maximum of 5 Units
Item is Not Eligible for Price Adjustments

https://www.costco.com/.product.1...ue&nf=true
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Joined Dec 2018
L6: Expert
> bubble2 1,151 Posts
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chemman14
05-01-2024 at 01:11 PM.
05-01-2024 at 01:11 PM.
Currently only $39.99 over spot!
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Joined Feb 2018
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> bubble2 532 Posts
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spyder2799
05-01-2024 at 01:36 PM.
05-01-2024 at 01:36 PM.
Please Need more down votes ….
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Joined Dec 2018
L6: Expert
> bubble2 1,151 Posts
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chemman14
05-01-2024 at 01:38 PM.
05-01-2024 at 01:38 PM.
Quote from spyder2799 :
Please Need more down votes ….
Right? Imagine voting that $39.99 over spot is NoT A GooD PrICe or that this purest gold coin in the world is Not A GOoD PRoDUcT
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Joined Sep 2007
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> bubble2 36 Posts
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scottkeen
05-01-2024 at 01:49 PM.

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

05-01-2024 at 01:49 PM.
With the cashback rewards, it's currently BELOW spot (at the time of this post)

$2,349.99
- 47.00 2% cashback Costco Exec membership
- 47.00 2% cashback Costco Citi VISA
---
= $2,255.99

Spot is currently... $2,318.75

With the cashback rewards it's currently -$62.76 **UNDER** spot

Quick! Downvote the heck out of it!
Downvote because you don't understand math!
Math is hard!!
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Joined Jun 2019
L10: Fish On!
> bubble2 455 Posts
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Deltabasangler
05-01-2024 at 01:50 PM.
05-01-2024 at 01:50 PM.
Currently $20 over spot.
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Joined Nov 2015
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> bubble2 8 Posts
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sct75
05-01-2024 at 01:59 PM.
05-01-2024 at 01:59 PM.
It is good product and pricing. Compare to other online coin distributors.
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Joined May 2024
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SharpWallaby686
05-01-2024 at 02:21 PM.
05-01-2024 at 02:21 PM.
Quote from spyder2799 :
Please Need more down votes ….
how do you find these costco gold deals so quickly? is there a tracker?
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Joined Feb 2014
L2: Beginner
> bubble2 80 Posts
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slickdicks
05-01-2024 at 02:25 PM.
05-01-2024 at 02:25 PM.
If it's such a great investment, why doesn't Costco just hold onto it?
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AmusedFriction1062
05-01-2024 at 02:34 PM.
05-01-2024 at 02:34 PM.
It's already $100 less than two other metals dealers and that does not include cash back. Compared to dealers Costco is not making as much because they are selling at a profit related to their purchase price while dealers are only going by the spot now.
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Joined Sep 2007
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> bubble2 36 Posts
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scottkeen
05-01-2024 at 02:37 PM.
05-01-2024 at 02:37 PM.
Quote from AmusedFriction1062 :
It's already $100 less than two other metals dealers and that does not include cash back. Compared to dealers Costco is not making as much because they are selling at a profit related to their purchase price while dealers are only going by the spot now.
You can see what other bullion dealers are selling it for here:

https://findbullionprices.com/p/2...gold-coin/
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Joined Jan 2014
L2: Beginner
> bubble2 83 Posts
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goosy2b
05-01-2024 at 02:45 PM.
05-01-2024 at 02:45 PM.
Quote from AmusedFriction1062 :
It's already $100 less than two other metals dealers and that does not include cash back. Compared to dealers Costco is not making as much because they are selling at a profit related to their purchase price while dealers are only going by the spot now.
So, Costco is making money on gold by adding premium to their original purchase price. Did I understand this correctly? This is a terrible gamble. It is my understanding that gold dealers make their money from the buy and sell spread.
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Joined May 2015
L9001: Lurker
> bubble2 8,362 Posts
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texst
05-01-2024 at 02:46 PM.
05-01-2024 at 02:46 PM.
People seem to be selling BTC right now to buy this deal
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Joined Aug 2011
L5: Journeyman
> bubble2 998 Posts
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PrisN
05-01-2024 at 02:46 PM.
05-01-2024 at 02:46 PM.
Quote from slickdicks :
If it's such a great investment, why doesn't Costco just hold onto it?

Dumbest comment I have ever read
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Joined Sep 2007
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> bubble2 36 Posts
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scottkeen
05-01-2024 at 02:51 PM.
05-01-2024 at 02:51 PM.
Quote from goosy2b :
So, Costco is making money on gold by adding premium to their original purchase price. Did I understand this correctly? This is a terrible gamble. It is my understanding that gold dealers make their money from the buy and sell spread.
Bullion dealers (and I'm sure Costco too) sell short positions immediately opposite their long position of buying the physical metal, thereby locking in a profit regardless if the spot price goes up or down.

Think of it like how bookies make money by taking bets from both sides.
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