Costco selling gold and silver bullion

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They sell gold as fast as they can stock their warehouses apparently.
 
I think what we are noticing here, guys, is "ordinary" people suddenly seeing gold in a venue** they never have and never would have seen.

** Supermarket floor

None of us here would bother to leap at buying for the same numbers as our local LCD's offer. But CostCo has customer folks who see the display as something surprising, new, pleasing, and an easy transaction. The customer walks out with his gold in hand. He does NOT get a genuine receipt from somebody's super-safe vault swearing his gold is inside for true and real, no lie, honest.

Bingo. In hand. Sold out in minutes in the real world.

Sumbody sold a brilliant idea to CostCo manglement. Competitors of CostCo, will notice the consistent sell-outs of gold in minutes. Duh.

YOU SAW IT HERE FIRST:

Unca's Observation/Prediction -- This is the beginning of a tsunami of gold buying by the otherwise "out of the loop" population. Even the dullest can see the open-ended inflation of the USD. And when the general public begins to buy gold -- spurred on because gold will be available in places commonly visited by them -- what will happen to the price?

Wall Street is already trading tons of fantasy gold per hour to keep the lid on the pressure cooker, and a rise in demand is going to strain that lid.
 
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The other untapped venue would be to start a bullion bank in the USA where you can buy and store fractional amounts easily. Use all cash or crypto currency, but that service generally runs into admin costs.
 
nickndfl said:
The other untapped venue would be to start a bullion bank in the USA where you can buy and store fractional amounts easily. Use all cash or crypto currency, but that service generally runs into admin costs.
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That's basically what BullionStar is doing with their vaulting service isn't it?

Review: Bullionstar.us



Website (Singapore): https://www.bullionstar.com/
Website (Dallas): https://www.bullionstar.us/

Locations: Dallas, TX, USA and Singapore, Malaysia

Shipping (USA): $8 orders less than $98, free shipping orders more than $98. All orders insured.

Payment Options: credit card/bank transfer/bitcoin/bitcoin cash/ethereum/litecoin

~~~

They have opened shop for US customers and even have a vaulting service using the Texas repository...
 
nickndfl said:
The other untapped venue would be to start a bullion bank in the USA where you can buy and store fractional amounts easily. Use all cash or crypto currency, but that service generally runs into admin costs.
Click to expand...

Hasn't this been done before and sometimes with disastrous consequences to the PM owners? I think most of us here subscribe to the "if you don't hold it, you don't own it" mantra. I personally would never touch a service like this.
 
Unca Walt said:
I think what we are noticing here, guys, is "ordinary" people suddenly seeing gold in a venue** they never have and never would have seen.
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Mainstreaming the IDEA of buying gold.

That's obvious - and to my shame, I never thought of it that way.
 
Damn - that was a great price:

 
There It Is ^^^^^^^^^^^^^^^^^^^^^^^^^
 
I popped in to my local Costco today to grab a couple items (bad mistake - Sunday near noon time is the absolute worst time to go shopping at my Costco - it's packed to the gills with shoppers). I glanced at the jewelry display case and saw that they had a 10oz silver bar for $349. I didn't see what brand - I had to move on because I was in a hurry, but that wasn't a bad price and had I not been in a hurry, I might have been tempted...
 
Nice buying from Costco is you get 2% back and free shipping.
 
Viking said:
Nice buying from Costco is you get 2% back and free shipping.
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True but the 10z silver bar I mention was for local sale (no shipping). The don't charge extra for credit card purchases either.
 
pmbug said:
True but the 10z silver bar I mention was for local sale (no shipping). The don't charge extra for credit card purchases either.
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Are you in a sales tax state, if not, that would be a screaming deal...
 
No clue how accurate this is but it leads to another page.

 
If you are following @CostcoPM on X, you'll see that it is accurate.
 
1/10th patinum coins for < $120 is the best deal going right now. Going to be some hold.time, but when it inflates it will move quickly.
 
Business Insider

Costco gold shoppers are cashing in on the company's rewards as prices surge​

  • The gold market is surging, briefly topping $3,500 an ounce on Tuesday.
  • Costco sells millions of dollars worth of bars and coins for some of the lowest markups around.
  • One buyer who's spent $30,000 on gold this year called Costco's offerings a "gateway drug."
With the gold market surging — briefly topping $3,500 an ounce on Tuesday — Costco is again a hot spot for precious metal collectors hoping to make a near-instant windfall.

More:

https://www.msn.com/en-us/money/mar...S&cvid=e133899bafc64f4a9b95c951be4c3585&ei=39

_____________________________________

 
Walmart had a deal today for 1oz gold roinds @ $2937. Not a typo.
 
Costco is limiting gold bar purchases as demand surges

For many, a Costco (COST) membership is as good as gold. And, for some, a membership means buying gold. Just not too much of it.

The retailer’s gold bars have garnered much attention since their June 2023 launch. And now, the gold has proven so popular that the chain recently placed a one-bar limit on purchases.

More:

 
My local Costco had those Lady of Liberty 10toz silver bars in the store for one day. Don't ask me why I went back to Costco one day after I was already there.
 
632 locations in US plus online sales. If each sold 1 oz of gold and 20 oz of silver per day they would be doing well provided there was no theft.
 

7/31/25 afternoon. Price was less than a few days ago.

Edit, no state sales tax in the state with no ethanol in our gas ;-)
 
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Would rather buy 1/4 ozers Au from BE at spot. With Costco cash back of 2% and 2%, final price after dividend next year should be $3225, but who wants 1oz size now? Not my kind of status
 
KnowWhy said:
Would rather buy 1/4 ozers Au from BE at spot. With Costco cash back of 2% and 2%, final price after dividend next year should be $3225, but who wants 1oz size now? Not my kind of status
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You are right... for you and me. For new stackers, this is a window that has simply never existed before:

Convenient
Immediately In Hand
No Paper Trail
No "Real" Knowledge Needed (eg: it is a "safe buy")

For the Unca Walts and KnowWhys who have been stacking, 1oz** are the foundation. The trim and furniture is the 1/4oz or 1gm breakable bars for "making change".

**The best bang for the buck, but out of $$ reach for a lot of newbies. But take note of the sale price in the picture: $3359.99 <-- right now, the spot is $3364.70 So the guy that spent too much for his gold ounce... is now already up five bucks. Not too painful an investment.
 
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$5 won't buy peacock feed for a week.
 
Looking at those price tags reminds me of my trip to Europe when every country had its own currency and I had to mentally figure what that numeric figure meant in actual money. (Irish pounds, French Francs, Swiss Francs, German Marks, Swedish Kroners, Belgian Francs, Italian Lire. All the pocket change got heavy and I gave it to the the first couple I saw entering Brussels. It's funny how some people react when a stranger announces a gift to another stranger and then the gift happens and both go in different ways. I guess some people are so worthless that they cannot comprehend a stranger helping another complete stranger. No reward, no goal. Just because it is a good thing. I also did this in the Paris Metro. I asked a long line of travelers if anyone wanted Metro tickets (obviously they were in line to buy them). One said "yes" and I walked up to them and handed them some tickets. Then I walked away. It seemed some others in line could not understand this gift. This showed me that some people are just worthless shit. They are animals. (I was going to go on, but .... does it matter? I think those who understand already know and those who won't ... they are the problem.)
 
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