Costco selling gold and silver bullion

Someone_else said:

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.

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Now that almost everyone has a flat pocket-computer, it should be much easier...as the Euro and the dollar collapse into nothing.

It shouldn't be hard to make an app do it - enter a currency, or two currencies, and the app uses spot values on each to get an accurate conversion rate.

At least then, you know what the banks or exchange counters, are ripping you off for.

...
The movements of Iranian diplomats are severely limited in New York, but one proposal being floated would bar them from shopping at big, members-only wholesale stores like Costco and Sam’s Club without first receiving the express permission of the State Department.

Such stores have been a favorite of Iranian diplomats posted to and visiting New York because they are able to buy large quantities of products not available in their economically isolated country for relatively cheap prices and send them home.

It was not immediately clear if or when the proposed shopping ban for Iran would take effect, but the memo said the State Department also was looking at drafting rules that would allow it to impose terms and conditions on memberships in wholesale clubs by all foreign diplomats in the U.S.
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They probably don't want them buying the Costco gold and silver...

The levels of chicken shit are amazing while Israelis ass ram our politicians...

Costco Canada seeing heavy retail demand:

Swung in to Costco 10/5/25. Only 10-oz silver dragon(?)bars at $520 each. Limit five.

I still don't get the excitement about buying that stuff out of COSTCO, for cripes' sake.

Just go to a neighborhood dealer. Greater choice and supply and knowledgeable staff. Some take debit cards. My dealer will take a personal check from a known purchaser.

Rather than dealing with staff that may or may not know a damned thing about gold. While they have supply issues.

As a buyer - the Costco deal can be below spot at times after considering the 4% rebate from membership and Costco credit card (no CC mark up - actually a discount).

As a market watcher - Costco moves merchandise in volume. It's great to see evidence of physical metal demand.

Anyone figured the markup on gold and silver???

Even Walmart is in the act.

$220 vigorish.

That's wrong. My local dealer can do AT LEAST $100 less.

Wally World ought to know its limits, stick to them. Because another retailer does something, doesn't mean they should do it also.

I wonder if Costco buys them back and what's the spread?

Walmart isn't actually the seller. In that screenshot, the vendor is Pinehurst Coins. Walmart hosts 3rd party items on their web store much like Amazon let's vendors us their storefront.

foolsgold said:

I wonder of Costco buys them back and what's the spread?

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No. Costco just sells.

pmbug said:

Walmart isn't actually the seller. In that screenshot, the vendor is Pinehurst Coins. Walmart hosts 3rd party items on their web store much like Amazon let's vendors us their storefront.

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That many moar sets of palms that need greasing.

Ive long tossed around the idea of joining Costco. Thing is were only a small family, I'm retired and fill up the tank in my crapmobile about twice a year. My wife a vegetarian. None of us drink booze. And now PM's are easily ordered online and eventually get mailed here.

I just checked their websight and all they have are two 1 oz gold bars offered for sale. I'm a collector too so I normally have 5 or 6 things ordered at one time and OTW to the house, bullion and numismatic. I doubt Costco can offer me much that I can't order online or peruse at my LCS. My guess trusts me and I can pay anyway I want without CC surcharges and he takes P-checks.

Maybe I'm wrong but I always thought Costco would be best for young familys with 3 or 4 kids, football parties, big dinners, 3 or 4 cars and trucks....ect I have one right down the street so it would be very easy to get to. Is delivery free ?

SilverStacker said:

Ive long tossed around the idea of joining Costco. Thing is were only a small family, I'm retired and fill up the tank in my crapmobile about twice a year. My wife a vegetarian. None of us drink booze. And now PM's are easily ordered online and eventually get mailed here.

I just checked their websight and all they have are two 1 oz gold bars offered for sale. I'm a collector too so I normally have 5 or 6 things ordered at one time and OTW to the house, bullion and numismatic. I doubt Costco can offer me much that I can't order online or peruse at my LCS. My guess trusts me and I can pay anyway I want without CC surcharges and he takes P-checks.

Maybe I'm wrong but I always thought Costco would be best for young familys with 3 or 4 kids, football parties, big dinners, 3 or 4 cars and trucks....ect I have one right down the street so it would be very easy to get to. Is delivery free ?

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I did join Costco.

The occasional buys have paid for it; but the truth is, it's not aimed at a single man. Their supply is mostly bulk. Small food or processed stuff, is mostly absent. Even the deli...you want a hot tray of garlic chicken legs, they got it. You want a tray of four, not so much.

Eggs are sold by four-dozen trays. Buy canned soup (they will only stock deals)? By the case.

So, while I like the occasional buy (jeans for $12; wearing them now), it's not something I'd recommend for small-volume purchasers.

For the gold? Just don't. Save your membership money.

Costco finally got here and I've had Sam's for ages, BJ's as a guest card, can't think of a reason for Costco except they had a reputation for taking care of their workforce...

Costco sets trends. Locally they were first to require masks to shop during covid. That put pressure on their competitors. They pushed diversity in hiring. About six years ago the local costco got an arrogant culture which has relaxed again a bit.

Their food court was getting over run with youths at lunchtime so they enforced the members-only entrance.

Now they scan EVERYONE’S card and check your photo. No longer can shop on your friend’s/wife’s membership.

That is one more step in the USA toward no one being allowed to shop without a pass. Or a mark.

Their prices average better than athers, but if you shop sales, other stores compete. You still can be anonymous at other stores and get good prices, but ither stores are making you go online to “unlock the best deal.” (Digital ciupons)

A working man burning four thousand calories per day can enjoy the quantities of costco just fine.

Most every prepared food in costco is no longer “healthy” though.

They DO take care of their employees. Their atmosphere way nicer than sams.

KnowWhy said:

They DO take care of their employees. Their atmosphere way nicer than sams.

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I do think that is location dependant ....in our town i would say its the other way

Ttazzman said:

I do think that is location dependant ....in our town i would say its the other way

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True enough; but our local Costco - and it's the only one I know, ever - is a bit cleaner, with people a LOT more friendly, than I find in our local Albertson's, or one of two regional chains. Now, this is true even though this is Montana, which is like socially going back 25 years. It's apparent Costco people like their jobs, want to do them well and want to help you.

They do check everyone. Their scanners are manned. The registers or cashiers (they have staffed and self-serve registers) check again when you check out; and then a third time when you leave. Not intrusively - they just look at your register receipt. I suppose if they had a suspicion, they'd go down the list.

But the aisles are clean, well lit, well-laid out. Unfortunately, a lot of what they stress in their offerings, I don't want. I don't own a tevee; don't want a tevee. They have every kind of soda pop known to Man, and I don't drink any. They have packaged, individual-bottle drinking water, but no bulk bottles. And no distilled - I use a lot of that, CPAP and other needs.

Their beef is mediocre - as it is everywhere, now. It's priced fairly; I'm gonna try some Adolph's tenderizer. Which is just enzyme; does the same thing that decay does to meat. But since I don't know anyone with cows, and can't store a half-steer, I have to buy it butchered retail.

The auto section has a good list of tires, and fair - but not always the best - tires. Helpful clerks there - I was shopping for tires for the truck.

The line for their hot dogs is always so long, it's ridiculous. I'm not that in love with hot dogs that I'll waste 45 minutes to get a cheap one.

Nice store, all told. I don't like the lack of brand choice, but I understand what they're doing. Their Kirtland store brand is fine, in most selections.