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expiredDuelMaster posted Sep 10, 2024 07:57 PM
expiredDuelMaster posted Sep 10, 2024 07:57 PM

Costco 1 oz Gold Bar PAMP Suisse Lady Fortuna Veriscan (New In Assay) $2,549.99 $2549.99

$2,550

Costco Wholesale
36 Comments 33,212 Views
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Deal Details
Shipping & Handling Included
Shipments of this item will not be delivered if the recipient of record is not present and available to sign Item may be available in your local warehouse, prices may vary.

Features:
24kt Gold
Item is Non-Refundable
Limit of 1 Transaction Per Membership, with a Maximum of 5 Units
Item is Not Eligible for Price Adjustments


Bar Highlights:
1oz 999.9 fine gold minted bar with a proof-like finish 
Swiss-made by a LBMA Good Delivery Refiner
VERISCAN™ Bullion Identification Security System & iPhone® App 
Carbon Neutral certified by the Carbon Trust in accordance with the international PAS 2060 Carbon Neutrality Standard, identified by a 'footprint' label
Each bar is individually controlled, registered, and secured within protective CertiPAMP™ packaging with an official Assay Certificate and a digital certificate accessed with a QR Code. Each assay card is covered with a thin removable protective film

https://www.costco.com/.product.4...Yqlg%3D%3D
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Shipping & Handling Included
Shipments of this item will not be delivered if the recipient of record is not present and available to sign Item may be available in your local warehouse, prices may vary.

Features:
24kt Gold
Item is Non-Refundable
Limit of 1 Transaction Per Membership, with a Maximum of 5 Units
Item is Not Eligible for Price Adjustments


Bar Highlights:
1oz 999.9 fine gold minted bar with a proof-like finish 
Swiss-made by a LBMA Good Delivery Refiner
VERISCAN™ Bullion Identification Security System & iPhone® App 
Carbon Neutral certified by the Carbon Trust in accordance with the international PAS 2060 Carbon Neutrality Standard, identified by a 'footprint' label
Each bar is individually controlled, registered, and secured within protective CertiPAMP™ packaging with an official Assay Certificate and a digital certificate accessed with a QR Code. Each assay card is covered with a thin removable protective film

https://www.costco.com/.product.4...Yqlg%3D%3D

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36 Comments

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Sep 11, 2024 02:32 AM
192 Posts
Joined Jul 2015
sukuriSep 11, 2024 02:32 AM
192 Posts
Nope

Just buy GDXU ETF gold stock from broker
It's only $38 per share.
1
Sep 11, 2024 02:48 AM
30 Posts
Joined Nov 2015
NickP7539Sep 11, 2024 02:48 AM
30 Posts
Quote from WolfTheCat :
JM bullion will buy it for $2448, less about $40 to ship it to them:
https://www.jmbullion.com/my-acco...r.weight=1

With 4% executive and credit card cash back, it costs $2448.

So, transaction cost is nearly zero. Good, but some of these Costco deals have negative transaction cost.

Compare that to an ETF, where transaction cost is usually zero, but holding cost is about 1% of your investment every 4-5 years due to ETF management fees.
Also counter party risk
Sep 11, 2024 03:00 AM
10,769 Posts
Joined Sep 2014
ash78Sep 11, 2024 03:00 AM
10,769 Posts
Is this still something that certain news channels are advertising ad infinitum?

ETF or GTFO. If you think societal collapse is going to happen, buy ammo and booze. They're sure things.
1
2
Sep 11, 2024 03:21 AM
934 Posts
Joined Sep 2010
Flawless700Sep 11, 2024 03:21 AM
934 Posts
Quote from ash78 :
Is this still something that certain news channels are advertising ad infinitum?

ETF or GTFO. If you think societal collapse is going to happen, buy ammo and booze. They're sure things.
You can buy physical gold as solely a store of value just like you'd buy an etf for that reason. You don't need to be a prepper.

An entire gold depository just poofed up in smoke a few weeks ago. Oxford Gold Group. Headquarters abandoned, nobody around. Some people lost their entire retirement. . Imagine your ETF has an IOU ticket for "gold" stored there? Bernie Madoff got pretty far with a racket like that too. People still haven't been made whole even today. There's a reason some would prefer to hold it physically themselves.

My exposure to gold is gold futures contracts, which have a 60/40 tax advantage, physical gold, and GDX and GDXJ gold miner funds. I do not have physical gold etfs but I understand why some might.
Last edited by Flawless700 September 10, 2024 at 09:30 PM.
Sep 11, 2024 05:34 AM
1,062 Posts
Joined Jul 2011
shoulda2Sep 11, 2024 05:34 AM
1,062 Posts
Quote from sukuri :
Nope

Just buy GDXU ETF gold stock from broker
It's only $38 per share.
ugh --- Expense Ratio (net)0.95% --- I feel like that's one of the higher ones out there, remember someone has to pay for the advertising/management fees etc.
Sep 11, 2024 08:22 AM
2,370 Posts
Joined Jan 2024
WolfTheCatSep 11, 2024 08:22 AM
2,370 Posts
Quote from Flawless700 :
You can buy physical gold as solely a store of value just like you'd buy an etf for that reason. You don't need to be a prepper.

An entire gold depository just poofed up in smoke a few weeks ago. Oxford Gold Group. Headquarters abandoned, nobody around. Some people lost their entire retirement. . Imagine your ETF has an IOU ticket for "gold" stored there? Bernie Madoff got pretty far with a racket like that too. People still haven't been made whole even today. There's a reason some would prefer to hold it physically themselves.

My exposure to gold is gold futures contracts, which have a 60/40 tax advantage, physical gold, and GDX and GDXJ gold miner funds. I do not have physical gold etfs but I understand why some might.

I never understood why people think digital gold is less prone to theft than physical. That's certainly not proven.

Brokerage accounts get hacked, ETF management can lie.

The odds of those things aren't high, but neither is some random thief knowing I have gold and finding out where it is.

Of course, if you are an idiot and display the gold where people see it and can find it easily, that seriously increases odds of theft.
- Don't put it in your bedroom drawers, jewelry box, or safe.
- Hide it well.
- Put a note as to where it is with your estate documents (will and medical directives), so the gold isn't lost if something happens to you. Only trusted individuals should know where your estate documents are, but they shouldn't know about the note. If the documents are stolen, move the gold.
Last edited by WolfTheCat September 11, 2024 at 06:00 AM.
1
Sep 11, 2024 11:44 AM
8,005 Posts
Joined Oct 2004
VarmintCongSep 11, 2024 11:44 AM
8,005 Posts
Quote from sukuri :
Nope

Just buy GDXU ETF gold stock from broker
It's only $38 per share.
GDXU lost 90% of its value from 2020 to 2022, and 70% of its value from 2023 to 2024.

There's plenty of leverage in gold stocks already so I don't think GDXU is a good idea.
1

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Sep 11, 2024 11:48 AM
8,005 Posts
Joined Oct 2004
VarmintCongSep 11, 2024 11:48 AM
8,005 Posts
Quote from Flawless700 :
You can buy physical gold as solely a store of value just like you'd buy an etf for that reason. You don't need to be a prepper.

An entire gold depository just poofed up in smoke a few weeks ago. Oxford Gold Group. Headquarters abandoned, nobody around. Some people lost their entire retirement. . Imagine your ETF has an IOU ticket for "gold" stored there? Bernie Madoff got pretty far with a racket like that too. People still haven't been made whole even today. There's a reason some would prefer to hold it physically themselves.

My exposure to gold is gold futures contracts, which have a 60/40 tax advantage, physical gold, and GDX and GDXJ gold miner funds. I do not have physical gold etfs but I understand why some might.
Oxford Gold wasn't a depository nor did it claim to be. It was just a sketchy middle man. We know a couple who just got scammed out of $20 million because they hired the wrong financial advisor. Happens all the time, usually no gold involved. Oxford Gold was only in the news cause the Wall St financial media hate gold.
1
Sep 11, 2024 11:56 AM
2,370 Posts
Joined Jan 2024
WolfTheCatSep 11, 2024 11:56 AM
2,370 Posts
Curious why this post is doing so well, when other Costco gold deals are promptly voted into negative territory.

This on isn't at a better price in relation to spot than the others, and I don' t think anyone absolutely loves the Lady Fortuna design.
2
Sep 11, 2024 01:21 PM
191 Posts
Joined Jan 2013
injentechSep 11, 2024 01:21 PM
191 Posts
Anyone else from Nevada, have issues buying these gold bars? I purchased 6 at the beginning of the year, and now i cant even buy one
1
Sep 11, 2024 02:25 PM
2,370 Posts
Joined Jan 2024
WolfTheCatSep 11, 2024 02:25 PM
2,370 Posts
Quote from injentech :
Anyone else from Nevada, have issues buying these gold bars? I purchased 6 at the beginning of the year, and now i cant even buy one
Costco does not sell gold in Nevada or Louisiana. They don't explain why, but I'm sure they have a reason.
1
Sep 11, 2024 02:39 PM
855 Posts
Joined Oct 2012
gusthegreekSep 11, 2024 02:39 PM
855 Posts
Quote from avk12345 :
Where do you guys generally sell
If you have to
This is the shady part of "owning real gold" it goes up on paper but good luck trying to sell it easily for the higher prices.
This is just a fad like cryptocurrencies people fall for it and tie up their cash in these schemes never to see it again😆
1
Sep 11, 2024 03:05 PM
1,165 Posts
Joined Dec 2014
UkicSep 11, 2024 03:05 PM
1,165 Posts
If you have two of these, have a jeweler drill a hole top middle and wear it like a dog tag. If you see one wearing like this, that's probably me lol

edit: of course, you will have to buy a gold ball chain. But looks cool, promise!
Last edited by Ukic September 11, 2024 at 09:09 AM.
Sep 11, 2024 03:14 PM
2,370 Posts
Joined Jan 2024
WolfTheCatSep 11, 2024 03:14 PM
2,370 Posts
Quote from Ukic :
If you have two of these, have a jeweler drill a hole top middle and wear it like a dog tag. If you see one wearing like this, that's probably me lol

edit: of course, you will have to buy a gold ball chain. But looks cool, promise!
24kt gold makes awful jewelry. Go with something around 18kt.

Lady fortuna will be a wrinkled hag in no time.
1

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Sep 11, 2024 03:15 PM
176 Posts
Joined Aug 2012
zzz159Sep 11, 2024 03:15 PM
176 Posts
Quote from WolfTheCat :
I never understood why people think digital gold is less prone to theft than physical. That's certainly not proven.

Brokerage accounts get hacked, ETF management can lie.

The odds of those things aren't high, but neither is some random thief knowing I have gold and finding out where it is.

Of course, if you are an idiot and display the gold where people see it and can find it easily, that seriously increases odds of theft.
- Don't put it in your bedroom drawers, jewelry box, or safe.
- Hide it well.
- Put a note as to where it is with your estate documents (will and medical directives), so the gold isn't lost if something happens to you. Only trusted individuals should know where your estate documents are, but they shouldn't know about the note. If the documents are stolen, move the gold.
Should I worry about my attorney that helped prepped the estate documents?

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