1 Troy Oz. 24kt Rand Refinery Gold Bar For $2,699.99 Shipped From Costco
Earn 2% back with an executive membership on top of credit card point earnings.
Limit 5 Per Membership.
Also on sale is a 2025 1 oz American Buffalo Gold Coin for $2,779.99.
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36 Comments On "1 Troy Oz. 24kt Rand Refinery Gold Bar For $2,699.99 Shipped From Costco"
All opinions expressed below are user generated and the opinions aren’t provided, reviewed or endorsed by any advertiser or DansDeals.
What can I resell this for?
2-3% under spot depending on place
Price of gold fluctuates obviously. Today 2685. Do this for the 2% back plus points and then hope gold goes up. Good way to meet a spend threshold too.
And what happens if gold goes down
Does this count towards spending, for a signup bonus with Amex/Chase?
Yes
Keep in mind Costco does not accept AMEX.
Does this count for Gold status?
You can sell it for whatever Costco is selling for however you can take federal bank notes and purchase this gold which will retain its value regardless of inflation
What does this mean?
Wow. Went up almost $300 compared to when you posted 6mo ago!
https://www.dansdeals.com/shopping-deals/1-troy-oz-24kt-gold-bar-1999-99-spot-price-plus-earn-5x-chase-freedom/
https://www.costco.com/100-gram-gold-bar-rand-refinery-new-in-assay.product.4000239640.html
Better buy. Venmo cc gets you 3% as Grocery (Doubled for first 6 months) or Citi Double Cash gets you better than 2% CB
Is this right that the 100 gram is a better buy? It comes out to a bit cheaper but not sure about value.
It’s cheaper on the price of gold by about $10 but it’s a bigger bar so you have to invest a lot more to buy it.
This post is not about investment.
Sure it is. Its cheaper per gram. And less of a premium above spot. Spot per gram is 86.4
Can I buy with discounted Instacart gift cards?
Nah.
Anyway to buy this with Amex?
yes – costco.com takes AMEX
Nope, just Visa/MC
where can i sell it ?
Does it qualify for an extra 2% (on top of exec membership) on citi Costco card?
Presumably taxed in states with sales tax.
Non taxable item (at least in NY)
No it’s not
Not taxed in a lot of states including NY, CA or FL…
It was taxable in NJ until 12/31/24
Put the money into the S & P 500 you will be better off
Can’t use a credit card for that
Then don’t buy Gold….
Cab you get 5 pts per dollar on the chase business premier with this purchase.
Is this a deal or always available?
Were does this resell?
I would do this for spending requirements only. The price of gold is at all time high, but it also tends to decrease by hundreds for relatively long periods (e.g., 2011 – 2018). I purchased some 1 oz. coins in 2021 for $2,375; the “profit” is pretty close with regular 3-4% savings. So, be ready to keep these coins for a very long time.
https://www.wsj.com/finance/investing/selling-costco-gold-bars-f14e966f