Gold Pumpin' Up!

Discussion in 'Bullion Investing' started by fretboard, Mar 29, 2024.

  1. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Could be up $100 on Monday if this Israel-Iran situation doesn't temper down. :wideyed:
     
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    Not that I like it, but I sure believe it. :(
     
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  4. GoldFinger1969

    GoldFinger1969 Well-Known Member

    CNBC reported that Costco was selling $200,000,000 of the gold bars each month. :wideyed:

    Given their clientele and membership, that would clearly explain the lack of buying both ETFs and the lack of sales of AGEs.

    Let's see if it continues....
     
    Last edited: Apr 15, 2024
  5. Heavymetal

    Heavymetal Well-Known Member

    They may have sold out on that promotion
    I head they’re going to be selling silver
    Not a member myself
     
  6. Mkm5

    Mkm5 Well-Known Member

    I've found recent spot price on various sites don't seem to correlate, and the plus/minus shows positive when the price dips a bit; not sure what's going on there?
     
  7. Clawcoins

    Clawcoins Damaging Coins Daily

    silver/gold selling sites may not be 100% on the constant variation of spot.
    and when spot lowers they may not initially drop hoping to get some windfall (more) profit sales. I tracked this probably 8 years ago for a couple vendors and basically .. if you are in a hurry to buy, you'll still pay a good premium (high than you think). You have to check various vendors for the lowest overall price. Sometimes their prices stick and they probably bought their stock at a high so they may keep their prices high for a bit until sales drop off.

    My favorite silver eagle vendor is on eBay now. It used to be Provident Metals before they were bought out and pushed their free shipping from $99 to $199 and they have higher premiums now too. You have to find a list of good vendors and see who has the best prices. It may vary dependent upon what you are looking for. I use one vendor for ASEs, another for AGEs, etc. as one offers a better price for that category.
     
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  8. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I would think if there selling that much GOLD, why not expand to heavier weights
    Kilo bars would be nice…LOL
     
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  9. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Their clientele doesn't want to spend that much money on individual purchases, I guess.
     
  10. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I think Costco members are for sure upper
    class as long as there getting a good deal
    I think they would spring for larger sizes.
     
  11. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Gold is more expensive -- WAY more expensive !! -- than a large-size of Cheerios or toilet paper !! :D:D
     
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  12. rte

    rte Well-Known Member

    You must be at a classier Costco :p
     
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  13. pmbug

    pmbug Taking steps on my thousand mile journey

    Walking through my local Costco the other day and I saw 80+ in TV sets @ ~$3k, Refrigerators @ $2k+, a $2,800 bicycle, a $3k couch, a $2k arbor, etc. Many, many ites in the $2-4k range. Sometimes they have the $8-10k massage chairs or jacuzzi tubs for sale too. The Costco in downtown Houston usually has $200/lb Wagyu beef in the freezer - and they generally don't stock anything unless it sells. YMMV
     
  14. Clawcoins

    Clawcoins Damaging Coins Daily

    I'll trade you a roll of TP for 1oz gold !! You'll get the better deal as the TP roll will weight more and in times of epidemics may be worth way more and be much more useful. :)
     
  15. -jeffB

    -jeffB Greshams LEO Supporter

    You're front-running the price a little bit there, I think. ;)
     
    Clawcoins likes this.
  16. fretboard

    fretboard Defender of Old Coinage!

    Looks like the price of gold is catching it's breath, some think it's gonna go down in a drastic manner but I don't think so! It's just in correction mode before the price changes in leaps and bounds! :D
     
  17. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Yes, I would agree, but you would have to ask yourself what do you need more..LOL
     
  18. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Up or down I am in it for the long haul so
    price is really not as factor for me :)
     
    fretboard likes this.
  19. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Beleive it ! there is a difference, the Costco in summerline which is about 20 minutes from me sell $1,000 bottles of wine not such much at mine :)
     
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