GOLD at Walmart

Discussion in 'Bullion Investing' started by mpcusa, Jan 2, 2024.

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  1. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    It seams that Walmart is following Costcos lead by offering 1 OZ GOLD
    Bars but appears that they are offering
    generic and Costco is offering boutique
    but everybody is getting on the GOLD
    band wagon…LOL
     
    mpcusa, Jan 2, 2024
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  3. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    IMG_0371.png
     
    mpcusa, Jan 2, 2024
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    numist likes this.
  4. Coins4Eli

    Coins4Eli Collector of Early American Copper

    Oof, that gold is WAY overpriced. :banghead:
     
    Coins4Eli, Jan 2, 2024
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    Inspector43 likes this.
  5. pmbug

    pmbug Taking steps on my thousand mile journey

    Walmart is just acting as a 3rd party reseller for Apmex AFAICT. It's probably why the price seems high. They are just a middleman taking a cut.
     
    pmbug, Jan 2, 2024
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    Evan Saltis and Coins4Eli like this.
  6. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I just screened shot it so
    Not sure what the current price is.
     
    mpcusa, Jan 2, 2024
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  7. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Consider that spot is $2061 right now. That's only a 3-3/4% premium.
     
    ToughCOINS, Jan 2, 2024
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    tibor and numist like this.
  8. Collecting Nut

    Collecting Nut Borderline Hoarder

    It’s cheaper at my LCS. I haven’t been in a Walmart for years and I have no interest in doing so.
     
    Collecting Nut, Jan 2, 2024
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    Cazador, Jeffjay, SensibleSal66 and 1 other person like this.
  9. Coins4Eli

    Coins4Eli Collector of Early American Copper

    Woah, gold really has gone up!
    In the back of my mind I still had spot at $1970. I guess I need to stay more in touch with the market!
     
    Coins4Eli, Jan 2, 2024
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  10. ToughCOINS

    ToughCOINS Dealer Member Moderator

    In my experience, folks who turn up their noses at a 3-4% premium for bullion are the same ones who will be kicking themselves two weeks after gold moves (the USD moves the other way) because they didn't buy at the right levels.

    Anyone who believes gold's lows (in USD) are behind us should not be passing opportunities to protect themselves at a modest premium. Smart investors don't get into gold to make money (offensive mode) . . . they get into gold to not lose money (defensive mode).
     
    ToughCOINS, Jan 2, 2024
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    Heavymetal and tibor like this.
  11. ToughCOINS

    ToughCOINS Dealer Member Moderator

    In times like these, it pays to check on it daily, at the very least.
     
    ToughCOINS, Jan 2, 2024
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    Coins4Eli likes this.
  12. Kasia

    Kasia Got my learning hat on

    I occasionally find myself buying a thing or two or three at WalMart, though I try to limit going in there to one time every month or two and only for certain items.
     
    Kasia, Jan 2, 2024
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  13. -monolith-

    -monolith- Supporter! Supporter

    Purchasing precious metals from these "budget" 3rd party resellers is a horrible investment. It would be cheaper to purchase directly from major bullion resellers, even at the ridiculous mark-ups. I think these 3rd party budget resellers are artificially increasing the price of gold and as soon as the market corrects, most likely in 2nd or 3rd quarter 2024, gold prices will correct with it as these customers sell off there overpriced purchases.
     
    -monolith-, Jan 2, 2024
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  14. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Members of Cointalk are not their target market.

    The general populace has no idea where to purchase gold. Costco & Walmart are great channels through which large metals retailers can make initial contact, sort of like coin dealers filling cases in Woolworth's decades ago.
     
    ToughCOINS, Jan 2, 2024
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  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Though I don’t buy bars only GOLD coins
    I think Costco,s prices are really good, the
    problem is they sell out so fast that the
    opportunity to buy is only for the few.
     
    mpcusa, Jan 2, 2024
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  16. David Betts

    David Betts Elle Mae Clampett cruising with Dad

    I agree but try and buy MS gold coins at $2050 per oz.
     
    David Betts, Jan 2, 2024
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  17. tommyc03

    tommyc03 Senior Member

    You mean they have never seen William Devane selling it on T.V. What is this world coming to. LOL :)
     
    tommyc03, Jan 2, 2024
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  18. potty dollar 1878

    potty dollar 1878 Well-Known Member

    There's plenty of gold to claim that's left in the sea;)you want gold for basically free?a pirates life it'll be!!!.
     
    potty dollar 1878, Jan 2, 2024
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  19. rte

    rte Well-Known Member

    Walmart.COM
    There is a difference.
    Can you imagine a Walmart store trying to keep track of gold bars :wideyed:

    And Yes,
    NO RETURNS on gold/silver
    Precious Metals (E.g., gold bars, silver coins, currency)
     
    Last edited: Jan 2, 2024
    rte, Jan 2, 2024
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  20. -monolith-

    -monolith- Supporter! Supporter

    I love the "Free Shipping Arrives in 3 Days". Yea right, the delivery guy is just going to leave it on your front porch and you will never see it again or it was "lost in transit".
     
    -monolith-, Jan 3, 2024
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  21. rte

    rte Well-Known Member

    They will take a picture for proof of delivery :woot:
    You still live in that pink house with the purple door right:p
     
    rte, Jan 3, 2024
    #20 + Quote Reply
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