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Costco - 2024 1 oz American Buffalo Gold Coin $2449.99
$2,449.99
$2,449.99
2024 1 oz American Buffalo Gold Coin
Item 1799474
4.6 out of 5 stars, average rating value. Read 169 Reviews. Same page link.4.6
(169)
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Member Only Item
Your Price
2,449.99$
Shipping & Handling Included
Features:
999.9 Fine Gold 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/2024-1-oz-...50641.html
Item 1799474
4.6 out of 5 stars, average rating value. Read 169 Reviews. Same page link.4.6
(169)
Write a review
Member Only Item
Your Price
2,449.99$
Shipping & Handling Included
Features:
999.9 Fine Gold 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/2024-1-oz-...50641.html
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13 Comments
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Where can I find one cheaper?
It's $2337 as of 05/24 as exchanges haven't opened yet for next week
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Looks like a lot of newbies are interested in gold and hopefully the long-suffering silver soon and kudos to Costco for waking up and enlightening the public as gold/silver for thousands of years was the real money and more like preservation of buying power while trillions are printed in mere 3-month and no doubt stagflation is ahead. Rather buy gold with savings than get puny 1% interest with inflation running 10+%.
Here's some real prices for same 2024 Buffalo from eBay:
]
https://www.ebay.com/sch/i.html?_...c&LH
So many reputable dealers are selling the same coin for ~$2,490 vs. $2,450 at the Co and thrown in 2% executive membership and its $2,401. The real cost for eBay and the Co is 2% less when using CB cards.
Here is a good gold spot quote/charts from Kitco showing that the price after peaking around $2,450 on 4/20 found a bottom in the last 4 days at $2,334 which happens to be top from the past 3 months now forming as bottom.
https://www.kitco.com/charts/gold
Citi along with other brokerages are predicting $3k by end of 2024. Again buying gold is not for quick flipping but its store of value as your $ is depreciating 10% per year due to inflation not to mention printing trliion $ every 3 months.
When Nixon announced that the USA was no longer redeeming gold for dollars on 15 August, 1971, the government had been exchanging gold for dollars at $35.00 an ounce and the LBMA price of gold was approximately $43.00. As of 25 May, 2024, the current market price of gold is approximately $2,335.00 an ounce.
Over this period using the LBMA price of gold, it has compounded annually at a rate of :
(2,335÷43.00)^(1÷52.7786885246) = 1.078623 or compounded at approximately 7.86% per annum for approximately 52.78 years as of 25 May, 2024, or to state it differently, the dollar has lost (1−(43.00÷2,335.00)) = .9815845824 or approximately 98.16% of its value against gold.
I suspect that the dollar will lose that remaining 1.84% in the next 5 years against gold.
A compounded annual rate of approximately 7.86% for approximately 52.78 years is not too bad for a pet rock or a barbarous relic and if the a BRICS currency is eventually backed by gold then I suspect the compounding rate could exceed 9.00% compounding. Time will tell.
The website: https://www.in2013dolla
indicates that it takes $7.74 to have the equivalency of $1.00 in 1971 or approximately 3.94 % compounding. Using the compounding rate for gold of approximately 7.86% you would have approximately $54.30 or approximately 7.02 times the $7.74 for the same time period. You would have beaten inflation by approximately 602%.
Current debt of over $34,000,000,000,000 (Does not include Social Security and Medicare liability which is $175,300,000,000,000 trillion ( See website for data:
https://www.zerohedge.c
The $34,000,000,000,000 results approximately $101,190.00 for every man, woman and child in the USA and now adding $1,000,000,000,000 every 100 days which is an additional $10,863 per annum and being on the eve of WW III, I believe it would be wise to have at least a small amount in gold, maybe 5% or 10% of your assets.
I believe it would be wise to have at least a small percentage of your assets in gold and/or silver.
My opinion is eventually a fiscal collapse. The only unknown is when and what will be the trigger.
https://www.zerohedge.c
Bought 1 each Buffalo on 5/23 and 5/24 and not shiopped yet. Bought a few from the Co and they always sipped within a day.