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Price with 2% executive, 2% cc cash back, and no sales tax: $2457.59 (for the gold eagle)
Current Kitco sell price: $2461.86 ea. (but you pay insured shipping)
I'd call that a good price. You still can't make money by buying from costco and immediately turning it over to kitco - insured shipping costs take care of that, but Costco is not overcharging.
Others are probably similar with what you pay being close to what you can sell it for.
Price with 2% executive, 2% cc cash back, and no sales tax: $2457.59 (for the gold eagle)Current Kitco sell price: $2461.86 ea. (but you pay insured shipping)I'd call that a good price. You still can't make money by buying from costco and immediately turning it over to kitco - insured shipping costs take care of that, but Costco is not overcharging.Others are probably similar with what you pay being close to what you can sell it for.
"Kitco sell price". So, Kitco is selling for $2461. How is this relevant?
No, you could have sold to Kitco for that price, but:- The Gold Eagles mentioned are sold out at Costco.- The price has changed since then.So yeah, no longer relevant.
I feel this is a good purchase if you're trying to hit a SUB. You're hoping you break even when you sell plus any cash back on the credit card.
If you want gold to hedge against inflation, you're better off buying a gold ETF or gold miners. Physical gold has added cost that reduce your profits. You're paying above spot when you buy and selling below spot. Plus any storage prices like a locker at a bank.
If you want gold to hedge against inflation, you're better off buying a gold ETF or gold miners. Physical gold has added cost that reduce your profits. You're paying above spot when you buy and selling below spot. Plus any storage prices like a locker at a bank.
Gold is not an investment, it is to preserve your savings, so buy with the fiat you don't need now. At the rate of US getting deeper into debt, gold will go up rapidly in dollar term. Remember, gold doesn't appreciate in value, it's dollar losing value. Also remember, if you don't hold it, you don't own it. ETF and stocks are paper. It's typical to have multiple claims on the same gold. If dollar was backed by gold, gold would be well over $60K. Let that sinks in for a minute.
Last edited by userdeal August 24, 2024 at 09:16 PM.
If you want to diversify your cash savings then okay, but, holding physicals has the risk of theft or loss and if you have a large amount then storing it in an insured vault can carry high fees
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Current Kitco sell price: $2461.86 ea. (but you pay insured shipping)
I'd call that a good price. You still can't make money by buying from costco and immediately turning it over to kitco - insured shipping costs take care of that, but Costco is not overcharging.
Others are probably similar with what you pay being close to what you can sell it for.
If you haven't sold, you haven't made any money.
Gold is on fire and very likely to move another $150 before a major correction.
If you haven't sold, you haven't made any money.
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- The Gold Eagles mentioned are sold out at Costco.
- The price has changed since then.
So yeah, no longer relevant.
Gold is on fire and very likely to move another $150 before a major correction.
Gold is a hedge against inflation right? Would you stockpile though? Let's say would it make sense to buy 5 of these?
If you want gold to hedge against inflation, you're better off buying a gold ETF or gold miners. Physical gold has added cost that reduce your profits. You're paying above spot when you buy and selling below spot. Plus any storage prices like a locker at a bank.
If you haven't sold, you haven't made any money.
That's why we need to sell our dollars for gold.
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