GypsyT Posted March 11 Share Posted March 11 The company is selling 25-count tubes of 1 oz. Canada Maple Leaf Silver Coins online for $675. The front of the coins features a maple leaf, and King Charles III is on the back. The coins are non-refundable, and members can purchase a maximum of five. Costco is trying to replicate its recent success with gold bars. It began selling $2,000 gold bars online in September and sold more than $100 million worth of the bars last quarter. What do you think? Smart or not? How easy to sell in future? And to who to sell if in hurry? https://www.yahoo.com/finance/news/why-costco-selling-gold-bars-173244588.html Link to comment Share on other sites More sharing options...
Thailand J Posted March 11 Share Posted March 11 You don't have to buy barrels of oil to invest in oil. You don't have to hide gold bars to invest in gold. https://etfdb.com/etfs/commodity/gold/ Link to comment Share on other sites More sharing options...
connda Posted March 11 Share Posted March 11 (edited) 1 hour ago, GypsyT said: The company is selling 25-count tubes of 1 oz. Canada Maple Leaf Silver Coins online for $675. The front of the coins features a maple leaf, and King Charles III is on the back. The coins are non-refundable, and members can purchase a maximum of five. 675 / 25 = $27. Today's spot silver is $24.26. That's a 11% markup. The premium is a rip-off by US standards (5.5x the selling premium in the West). If you are in the US or Canada you can buy from reputable precious metal dealers at a 0.8% and 2.0% markup on gold and silver bullion respectively (more or less but dealer are competitive). Edited March 11 by connda Link to comment Share on other sites More sharing options...
connda Posted March 11 Share Posted March 11 28 minutes ago, Thailand J said: You don't have to buy barrels of oil to invest in oil. You don't have to hide gold bars to invest in gold. https://etfdb.com/etfs/commodity/gold/ There a serious risks involved in holding "paper gold." Those risks can be looked up online. Physical gold is a hedge against instability in the financial markets. It has it's own risks too. Then you start to see the allure of Bitcoin. Link to comment Share on other sites More sharing options...
save the frogs Posted March 11 Share Posted March 11 seems like a lot of hassle. need to store it, insure it. Link to comment Share on other sites More sharing options...
Popular Post retarius Posted March 11 Popular Post Share Posted March 11 39 minutes ago, Thailand J said: You don't have to buy barrels of oil to invest in oil. You don't have to hide gold bars to invest in gold. https://etfdb.com/etfs/commodity/gold/ There is so much corruption that if you don't have physical gold, you don't have any gold. 1 1 1 Link to comment Share on other sites More sharing options...
Celsius Posted March 11 Share Posted March 11 still remember it like yesterday. https://www.google.com/amp/s/www.businessinsider.com/the-truth-behind-how-gerald-celente-got-screwed-by-mf-global-2011-11%3famp Link to comment Share on other sites More sharing options...
save the frogs Posted March 11 Share Posted March 11 gerald celente is a financial conspiracy crackpot and i wouldnt take anything coming from him too seriously Link to comment Share on other sites More sharing options...
Thailand J Posted March 11 Share Posted March 11 right. Instead of gold EFT, you should buy solid gold, have your elephant haul it back to your cave. 1 Link to comment Share on other sites More sharing options...
Thailand J Posted March 11 Share Posted March 11 This is interesting. https://www.livemint.com/money/personal-finance/if-you-buy-gold-etfs-you-can-get-physical-delivery-of-gold-11587013567895.html Link to comment Share on other sites More sharing options...
GypsyT Posted April 11 Author Share Posted April 11 COSTCOs gold sale are crazy! I went to buy 2-3 bars, here in Utah, but was told "available only in Seattle warehouse". They are making killing on gold! “It’s time to start paying attention” to Costco’s gold sales, which could amount to over $200 million per month, Wells Fargo analysts led by Edward Kelly wrote to clients this week" https://www.forbes.com/sites/dereksaul/2024/04/10/whats-up-with-gold-heres-why-everyone-from-costco-to-central-banks-is-rushing-in/ Link to comment Share on other sites More sharing options...
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