expiredspyder2799 posted Sep 11, 2024 02:38 AM
Item 1 of 2
Item 1 of 2
expiredspyder2799 posted Sep 11, 2024 02:38 AM
Costco Offer:2024 1 oz American Buffalo Gold Coin - $2599.99
$2,600
Costco Wholesale
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Deal Details
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/.product.1...ue
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/.product.1...ue
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About the Poster
Deal Details
Community Notes
About the Poster
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/.product.1...ue
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/.product.1...ue
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9 Comments
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https://www.jmbullion.c
* Note: They pay more for buffalos than eagles, for some reason.
With 4% executive and credit card cash back, it costs $2495.
So, transaction cost is about negative $2.00 including shipping - basically zero. You may be able to find a slightly better sell price if you shop around.
Compare that to an ETF, where holding cost is about 1% of your investment every 4-5 years due to ETF management fees.
Holding cost on physical gold is zero if you already have a safe place to store it.
Gold items have two value components.
Buffalos have a little more numismatic value, which is basically the extra value collectors give it for it's history, rarity, or design.
Both have the same physical/melt value.
Basically, collectors would rather have a buffalo than a PAMP bar.
Gold items have two value components.
Buffalos have a little more numismatic value, which is basically the extra value collectors give it for it's history, rarity, or design.
Both have the same physical/melt value.
Basically, collectors would rather have a buffalo than a PAMP bar.
ETA: I don't think i worded that last sentence right
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That is a logic - to try to buy gold for the lowest price, to have maximum intrinsic value of the gold and minimum numismatic value. Spot price really doesn't have anything to do with that - cheapest you can find. The logic behind that is that gold is "real" value, while numismatic is not. If you ascribe to that, buy the PAMP - it costs less.
However, that isn't really true. Both are real value. Most of gold's value is due to the fact it's collected - it doesn't have much industrial/practical use that drives it's cost. Intrinsic gold value is more stable, while numismatic value fluctuates more on the whims of collectors.
If you go to Kitco, JM Buillion, or your local coin shop, they'll all pay more for a buffalo than a PAMP bar (unless for some reason the design caught on).
For us (the small investor), we kinda have to buy some of both values. Even PAMP spends money to stamp fancy designs on their gold to add a little value and try to make more money, in the hopes a design will catch on and gain value. It's hard for the small investor to buy boring, unadorned blocks for any less money, so you might as well take the design.
Personally, I just look at the current price at Costco vs. the price I can sell it for today at JM Bullion. If that's looks good, I may buy. I don't sweat what "kind" of value it is.
I don't see gold spot price as very relevant to me. I can't buy for spot, and I can't sell for spot - it's just a general reference number to know whether gold is generally going up/down.
That is a logic - to try to buy gold for the lowest price, to have maximum intrinsic value of the gold and minimum numismatic value. Spot price really doesn't have anything to do with that - cheapest you can find. The logic behind that is that gold is "real" value, while numismatic is not. If you ascribe to that, buy the PAMP - it costs less.
However, that isn't really true. Both are real value. Most of gold's value is due to the fact it's collected - it doesn't have much industrial/practical use that drives it's cost. Intrinsic gold value is more stable, while numismatic value fluctuates more on the whims of collectors.
If you go to Kitco, JM Buillion, or your local coin shop, they'll all pay more for a buffalo than a PAMP bar (unless for some reason the design caught on).
For us (the small investor), we kinda have to buy some of both values. Even PAMP spends money to stamp fancy designs on their gold to add a little value and try to make more money, in the hopes a design will catch on and gain value. It's hard for the small investor to buy boring, unadorned blocks for any less money, so you might as well take the design.
Personally, I just look at the current price at Costco vs. the price I can sell it for today at JM Bullion. If that's looks good, I may buy. I don't sweat what "kind" of value it is.
I don't see gold spot price as very relevant to me. I can't buy for spot, and I can't sell for spot - it's just a general reference number to know whether gold is generally going up/down.
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