Another Costco GOLD hunting trip with an added twist

Discussion in 'Bullion Investing' started by mpcusa, Feb 4, 2025.

  1. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    It was a good day for GOLD and my hunting trip to Costco in St George , Utah, not only is GOLD at $2,822.00 per oz but there selling it at $2,829.00 that means I only paid a
    $7 premium per once and thats just crazy ! so basically how it works thru my Costco spy network...LOL, They purchase GOLD in batches let say they buy 100 1 oz bars they lock that price in on those bars until there sold, no increases or decreases on there price.

    The twist, this is the first time I have seen 10 oz silver bars at a ridiculous price of $319.99 was going to pick one up but I stopped stacking silver years ago just because it takes up to much room.
     
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  3. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  4. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  5. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  6. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  8. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    Why is tax so low? I do like the design. Oh and they're Gold too! :smuggrin:
     
  9. rte

    rte Well-Known Member

    Leave it to UTAH, they probably charged sales tax on the .0001 copper in the bar :p other wise Utah is non taxable on gold and silver over 50% Pure.

    Note: if you read the receipt, he purchased a 3rd item that was taxable.
    Great deal on the 10 ounce silver bars. Should have picked up 10 and flipped for a profit to someone else who doesn't have a Costco membership.
     
    Last edited: Feb 4, 2025
    mpcusa and SensibleSal66 like this.
  10. rte

    rte Well-Known Member

    I want to know why he didn't use a Visa card and get 2% back?
     
    psuman08 likes this.
  11. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

  12. fretboard

    fretboard Defender of Old Coinage!

    Great buys as the gold price is on fire at $2842 right now, super exciting times for gold stackers! tmoney - Copy.gif

    Gold ounces are tax free in Utah and California, maybe other States as well! :D
     
    Last edited: Feb 4, 2025
    mpcusa likes this.
  13. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    Precious metals are tax free in many states. South Carolina is one.

    If you buy precious metals, you absolutely should know the laws in your state.
     
    fretboard likes this.
  14. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    No tax, your only paying a small premium, when it comes to GOLD and silver there's no better deal out there :)
     
    SensibleSal66 likes this.
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    unfortunately I dont have one, maybe I should think about;)
     
  16. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I came real close on that 10oz silver bar but wanted to put that towards more GOLD :)
     
    rte likes this.
  17. lordmarcovan

    lordmarcovan 48-year collector Moderator

    That's nice, at such a tiny premium.
     
    mpcusa likes this.
  18. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    yeah thats a tough premium to beat especially the way they do things at Costco
    just checked and they have the same price up and GOLD already went up another $20.
     
  19. rte

    rte Well-Known Member

    Shoot me a PM if you are considering getting a new Capital One card, I'll send you a referral link and we could possibly both make some bonus money.
    Depending on which card you choose, you could potentially get an additional $200+? sign up bonus for spending the same cash as you are now.
     
  20. rte

    rte Well-Known Member

    I totally understand the silver vs gold weight issue IF you can really call it an issue :p it's more of a personal problem. :D
    I thought everyone was required to have their weight in silver :p
    I picked up a gold Krugerrand yesterday at the local coin club meeting...it's been awhile since I got a Krugerrand and this 1/50th ounce is massive :p it will make a good test piece when we go out nugget detecting.
     
  21. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    personal problems are my specialty...LOL, maybe one of these days I might just give in and get 1 thousand oz silver bar:woot:
     
    rte and slackaction1 like this.
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