Targeted: 1 Troy Oz. 24kt Gold Bar For $2,419.99, Below Spot Price Shipped From Costco!

Where do you typically resell these after ?

easy to sell?

Is it safe to buy on Amex?

You are earning 5% on $1500, and 1% on $500. Effectively earning 4%.

Costco membership required

Dead

sold out

Showing as unavailable.

Spot price is currently slightly below this.

Its out of stock

Not seeing these available in multiple locations/states. What’s the trick there?

What about the sales tax?

Absurd to purchase actual gold… if you ever need it you’ll get much less than you think. On top of that, look at the chart — you’ll be buying near the highs, and hard assets are not stocks — they are range bound. You are better off buying into a gold ETF.

They cancelled my orders

For those trying to understand. If you buy it for $2,000, you will earn 5% on the first $1,500 and 1% on the remaining $500 (effectively a 4% cash back, as you earn $75 from the 5% and $5 from the 1%). So, your purchase price is effectively $1,920. The spot price (what gold is theoretically worth at that moment) is $2,008.66, so theoretically you COULD be netting a profit of $88.66 IF AND ONLY IF you bought it and sold it immediately at that price. Since spot price changes constantly this could go up or down, but the general idea is that you are buying something worth $2,000+ for about $1,920. It’s a good deal if you’re buying gold anyway, but likely not a great idea if you are trying to resell.

Chase Freedom is 5% back at wholesale clubs and PayPal, which are very easy categories to max out. So in my book I’d probably be earning that $75 back anyway from other purchases and wouldn’t include it in my calculations.

When is a $500 profit not a $500 profit
https://www.wsj.com/finance/investing/selling-costco-gold-bars-f14e966f

Price is now 2489

$50 above spot

OOS

How frustrating that the app does not tell you where it is available to purchase!

I wish they would tell you which city you can buy it from. Guessing is such a waste of time