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Edited March 28, 2024
at 12:47 PM
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Features:
91.67% Fine Gold Coin
Item is Non-Refundable
Limit of 1 Transaction Per Membership, with a Maximum of 5 Units
Item is Not Eligible for Price Adjustments
Product Details
Item may be available in your local warehouse for a lower, non-delivered price.
Coin Highlights:
Contains 1 oz of Pure Gold as 91.67% Fine
Produced by the United States Mint
Individually packaged in an encapsulated assay card
Terms & Conditions
Item is non-refundable
Item is not eligible for price adjustments
https://www.costco.com/.product.1804545.html
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https://www.moneymetals
If purchased at Costco for $2300 - 2% Costco Executive Cashback - 2% Citibank Costco Castback, you're paying $2,208.
The site will currently buy it back from you for $2,250.
$2,250 - $2,208 = $42 profit.
If you buy 5 and sell 5 coins, you would profit $42 x 5 = $210 right off the bat.
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Sounds like most people don't know that they can earn a yield with physical gold, paid in physical. Lease out or invest in gold bonds. I believe historically 3.5%-19% depending on risk appetite. You can diversify or blend. Free shipping and insurance. And safekeeping.
Here's an article that goes into more detail. https://www.physicianon
Not for everyone but a missed opportunity for some.
Total weight is 33.93 grams.
- Gold 91.67% of 33.93 = 31.1036 grams = 1 troy oz
- Silver 1.0179 grams
- Copper 1.8085 grams
Here's an article that goes into more detail. https://www.physicianon
Not for everyone but a missed opportunity for some.
They all have 1 ozt of pure 100% gold in the end - the ones with less purity will simply weigh more in total, as they have other metals added for durability. Think of the American Eagles as you getting free additional metals on top of your 1 ozt of pure gold 😎
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I haven't invested with them yet but have them in my scopes. In process of figuring out what % of physical holdings to allocate to a third party vault. As the saying goes "if you don't hold it, you don't own it." Be forewarned, if you enter your phone number on their site, you might get spammed with sales calls. I'm not endorsing them, only sharing an option that most have probably not considered.
I have a good amount of physical in a self directed Roth IRA with a 2 way strategy:
1.) if prices go higher, ride it out and continue paying $250 annual storage fee (used to be $200). The storage fee is pretty cheap depending on how much you have in storage — it's not taking up personal real estate, don't have to worry about burglary, your dedicated allocation stored in vault with armed guards. Upon retirement age, I can withdraw all gains tax free.
2.) If we experience a credit crash scenario where spot prices fall below my original cost basis, I'll close the IRA and take delivery of the physical.
When purchasing in an IRA, I pay spot+premium. When selling from IRA, only the current spot price is considered (ex premiums).
Long term tax advantage play. Short-mid term premiums play.
Hypothetical: my (spot+premium) physical silver cost basis was $20. — currently spot is $25. If long term silver goes to $30+, I may ride out the IRA. If a credit scenario takes place and spot goes down to $20 or below, I'll pull from the IRA and vault.
Back to Monetary Metals, part of my physical holdings are a legacy play. I don't plan on needing them and would like to pass them on to kids. Why not collect some income? 5-19% yield on physical gold/silver hypothecation sounds pretty enticing. The only cost incurred is the small split percentage from yield.
Reminds me of mutual funds or 401ks. Gains are net of expense ratio or management/marketing fees. Most people don't care about the fees as long as they're content with overall gains.
I'll have to do a little more due diligence but that's the direction I'm headed.
While I'm at it, here are some other hard lines I follow when it comes to physical metals: avoid state taxes ($2000+ in CA), meet free shipping reqs, pay via ACH unless it's a Costco deal where they don't assess credit card transaction fees and you can stack rewards pts/cashback. Don't forget about the numismatic world. My greatest gains came from collectibles premiums. I'm talking about over 15x gains.
I've been buying miners already, finished buying in fact. Now just waiting for them to catch up to gold.
I will let the gold bulls here answer this. Thanks in advance.