Gold bars on sale at Costco

[whatchamacallit]

https://www.costco.com/1-oz-gold-bar-pa ... 86760.html

I am not a member but I believe they are $1900 and oz.

I am not sure how this is possible unless Costco is somehow subsidizing the price.

[vnatale]

https://www.costco.com/1-oz-gold-bar-pa ... 86760.html

I am not a member but I believe they are $1900 and oz.

I am not sure how this is possible unless Costco is somehow subsidizing the price.

The details:

1 oz Gold Bar PAMP Suisse Lady Fortuna Veriscan (New In Assay)

Sign In to See Price
Shipping & Handling Included
Features:
24kt Gold
Item is Non-Refundable
Limit 2 Per Membership

[mathjak107]

when i try it , it says item not found

[Xan]

when i try it , it says item not found

I got the same thing, but only after I signed in. So it doesn't seem to be purchaseable.

[vnatale]

I tried to find current information regarding it but was unsuccessful. All I found was this article from October 2020.

https://www.dailymail.co.uk/news/articl ... rkets.html

This was all I could find on Twitter - a tweet from about 6 hours ago:

Capture.JPG (30.85 KiB) Viewed 31498 times

[boglerdude]

I'll look into this. FYI Discover IT card is 5% back next three months using digital wallets, which can be used at Costco. DM if you want a referral link for the card and $100 bonus. Google pay has to be used in-store.

"Digital Wallet purchases include some online purchases and some in-store purchases made with your smartphone, tablet, or wearable. Wallets that qualify include Apple Pay, Samsung Pay, Garmin Pay and in store with Google Pay. Apple Pay transactions included in this offer are transactions made in-store or online when using the Apple Pay button"

[stpeter]

When I search for "Gold Bar" after logging into the Costco website, the only product I see is "Autumn's Gold Granola Bar, Cinnamon Almond, 1.24 oz, 16-count" for $23.99. They look yummy!

[dualstow]

When I search for "Gold Bar" after logging into the Costco website, the only product I see is "Autumn's Gold Granola Bar, Cinnamon Almond, 1.24 oz, 16-count" for $23.99. They look yummy!

I typed in the item number 1748080 and got nothing. Meanwhile, if you type in item numbers for other things you see (you can find them near the bottom of an item page), these non-gold items come right up.

Some discussion here: https://www.reddit.com/r/Gold/comments/ ... gold_bars/

[ppnewbie]

They were not available at any Costco near me. I was going to buy two. In general it would be amazing if costco sold gold bars. I would probably accumulate many more bars.

[vnatale]

They were not available at any Costco near me. I was going to buy two. In general it would be amazing if costco sold gold bars. I would probably accumulate many more bars.

https://www.mymoneyblog.com/costco-gold-bars.html

[ppnewbie]

That’s an interesting comment about Sales tax in the article. Having to get a refund on the sales tax after the purchase could be a hassle.

[pmbug]

...
In the company’s earnings call on Thursday, CFO Richard Galanti said that Costco sold $100 million in one-ounce gold bars between July and September.

According to media reports, during the call Galanti was asked what consumer trends Costco was seeing this holiday season; he answered: "They're buying gold."

In 2020, Costco started selling gold to its U.K. members and added it to North American stores earlier this year. Members are limited to two bars from the same supplier each and according to Galanti, the gold sells out in hours.
...

https://www.kitco.com/news/2023-12-15/C ... in-Q3.html

[dualstow]

Funny, I just added a signature to note Costco’s special dividend.

[vnatale]

https://www.kiplinger.com/personal-fina ... 04322FE9F5

Yes, You Can Buy Gold At Costco — And Sales Have Now Topped $100M
Yes, Costco sells gold bars, and sales topped $100 million in its most recent quarter. Here’s what you need to know.

[boglerdude]

probably wont antagonize the government because 95% of people wont pay the membership fee. Myself included, Grocery Outlet FTW

[pmbug]

Costco has started selling 20 coin tubes of Silver Eagles. Like the gold bars, they sell out almost instantly when offered on their website.