The TRUTH About Costco Gold Bars | Mike Maloney & Alan Hibbard

Get Mike's new book for just $19 on Amazon: www.amazon.com... There's a lot of hype about Costco's gold bar sales lately...what is it all about? Why are Costco selling gold and silver bars in the first place? Are buyers getting a good price? Join best selling author Mike Maloney and Alan Hibbard as they dive into the details on this interesting move by the retail giant.
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As always, thank you for your support. M.

[@Goldsilver]

Thanks for the thumbs up, get my new book for just $19 on Amazon: www.amazon.com/Great-Gold-Silver-Rush-Century/dp/B0BP3HW5HJ/

[@gerrardbutler1212]

I purchased it when it first came out, excellent book

[@TheGoldeyFamily]

We appreciate your time and consideration!!

[@rodgersieh8245]

Why is platinum so under valyed?

[@revpgesqredux]

​@@rodgersieh8245fewer uses.... Including fewer catalytic converter and other metals taking platinum place

[@eirikstensrud]

I’m a norwegian millenial and have invested ~50% in precious metals, and I know no one in my age who owns ANY gold. I listened to you 4 years ago and got educated in real economics (and I am an economist from before), and this lead me down the path of PMs and even moving to a cheap area where real estate with land etc was in deflation due to lack of demand. In this way we eliminated all debt and sleep great at night with fjords and mountain views during the day😊 Most poeple I know have EVERYTHING, in their house with max mortgages 80-85% and are getting swallowed by interest rates that have gone from 2.5- 6+% in two years! With inflation and almost 30% loss in our local currency vs the euro and usd, people are suddenly a lot poorer and norwegians who thought they were rich, come to a slow realization it was an illusion (masked by cheap to free debt)…

[@ronjhorton]

Nice job👊

[@JohnPaul-ng8lh]

Hi from Canada. Here is similar with lots of people maxing out their mortgages and even some who made fun of people like myself who chose fixed interest vs variable. They bragged about how cheap their payments were but now they're hurting. One acquaintance who was retired from the military had to go back to work to pay his bills.

[@Iam-not-as-grumpy-as-Isound]

Same here. My first One 1 Oz was 2015.same year as my first

[@trailguy]

i was watching the kroner for a while. it's gone from 13 to 10 per usd since 2015. how did you lose 30%, was it much higher before? nice comment, beautiful! and don't ditch the kroner 100% your country has a more sound economy than almost all others.

[@maxcactus7]

Standing ovation from me, brother!!! Very well done! I wish I could buy you a beer and swap notes with you. Mike's videos changed my life as well.

[@paulthoma4018]

Costco’s biz model is razor thin margins. Their profit is in the membership fees. I think it’s great that they’re selling gold bars - so much to like here. Limited purchases because they sell out instantly. This exposes the average person to gold at an excellent price and is a good way to get started owning gold. You should probably educate yourself about Costco - they are in the biz of making their customers very happy. Not everyone wants or needs to pay storage costs or mess with an IRA to own a few ounces of gold.

[@patrickshanghai2064]

so true. i did not understand Maloney's negative take on this excellent Costco initiative.

[@anthonyperron6741]

Maloney is a PMs dealer... He's certainly not going to encourage you to buy from someone else...

[@alankrodel5564]

Sour grapes!!

[@christinestephenson1742]

My husband and I have 100% of our life savings in precious metals. We are baby boomers.

[@damnu8089]

is some one holding it for you if so then you dont owen it

[@user-vsmsdos]

There's a lesson about eggs and baskets somewhere here...

[@calebfast8088]

That's awesome! I've got the majority of my savings in metals, just have a bit in cash in case an opportunity arises.

[@fu4616]

Same here.

[@egyptianhebrew91]

@@damnu8089 maybe you need to watch video, mike baloney has his gold and silver held in a vault by armed guards.

[@ChrisHodges87]

Bottom line: Costco can undercut Mike’s business.

[@Adrian802]

Mom was buying veggies and I bought a 10 ouncer silver bar in the mix. She gets 2% cash back, and I got my bar. Not complaining 😁

[@opinionshurt2905]

If you don’t hold it, you don’t own it.

[@vrujah0525]

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[@masonwyatt106]

I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this

[@chillraquel]

It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot!

[@avilakamionctr]

Nice to see this here, Flora Elkin's understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch

[@Nerdette213]

Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Flora's insights. It's akin to finding a diamond in a coal mine.

[@davidolson4126]

Flora and I were in college together. She’s super fun but keep her away from small farm animals when she’s been drinking

[@erinsweet8147]

I’m a millennial and we moved all our excess savings after building a small home to gold and silver. Our small IRA is 2/3 gold, 1/3 silver. We bought our gold last fall.

[@CjplusLj]

Good ratio, some exposure to silver but mainly gold, about the same for me

[@fmg4537]

2/3 gold in terms of oz or value?

[@erinsweet8147]

@@fmg4537 ounces

[@CjplusLj]

@@fmg4537 people are referencing value with those ratios, at least I am

[@fmg4537]

@@CjplusLj ahhh got it. thanks for your response

[@jaypaster8244]

Pay with your cash back credit card to save even more. 😊

[@ronjhorton]

Nice move 👊

[@moodywoody301]

In Canada you have to pay a premium usually around $150 above spot. Costco is offering a really good deal. I imagine Costco offers it as a perk to their members.

[@Kevin-vy4pd]

Costco is selling Pamp Suisse Lady Fortuna in Canada and it’s actually cheaper than the dealers I typically deal with.

[@sarahpark5692]

And quick delivery n cc points so it is way, way cheaper 🎉

[@Kevin-vy4pd]

@@sarahpark5692 they just never seem to have any when I go in. I don’t like the idea of mailing it to me.

[@TheMoniquebean]

Watch those deliveries!!! I missed my delivery, and the UPS store that was supposed to hold it for me to pick up, told me they gave it to someone else. I believe they stole it. Lesson learned. Make sure you’re home when UPS delivers it to your home.

[@lotfyken2759]

​@@TheMoniquebean How did it end ? Costco sent you another one or UPS paid ?

[@JFEnterprize]

@@TheMoniquebeanthat’s odd. Someone’s job would be lost I’d assume. It had to be signed for no? Hence why you chose to pick up in the building location. Tho now someone knows you have this stuff 😯

[@toddbrown417]

I collect silver never to "cash" it out, but to USE as real money in bad times, local farmers market, etc

[@gunzyb]

Good call but I bet t will be too valuable for that. Maybe pre circulated “junk silver” coins, but I’m guessing those will be too valuable as well. Triple digit multiples could happen quick and when a single coin is worth hundreds….

[@lamarravery4094]

Maybe I should be a farmer, seems like that's where the gold and silver will go, lol.

[@bellacottobella8284]

If you don’t hold it ,you don’t own it , 💯% accurate !

[@David-el8pk]

In Canada the limit is 1 transaction max 2 units per 7 days, at the moment the premium is less than the local bullion dealer when comparing website prices.

[@Simonpt2000]

So after 1 week members can go back to buy more?

[@genericdude6551]

I wish I had bought a lot of gold when it was $250/oz.

[@jacksmith5064]

Maybe you will say that at 25000.

[@realjob]

I love that Mike has taught me so much about this subject over the last 15 years or so. However, I'm not a fan of this video's tone and tactics. I understand Mike's a dealer but this is not a good look. Buying gold (more importantly silver, which Costco is selling too) should be the number one idea being drilled into people's heads. We all know that if it's not in your hand you don't own it. Client ownership, allocation, insurance, armed guard storage etc are only as good as the world's ability to remain stable. How do you think that's going to work out? My point is, buy it from whoever gives you the best price and situation for yourself. Store it with Mike, put it in a safe at home, a bank vault or put it under your mattress. But you better get some now because us old timers know that when people on the street (or Costco) are talking about it the momentum is headed for skyrocket trajectory. Thank you for the knowledge Mike but bashing Costco and promoting storage vaults while living off grid in P.R. when you know what's ahead is really kind of gross.

[@langjr0]

Your post is exactly what I’m thinking.

[@aphillips1987]

Kirkland salted cashews also worth their weight in gold. 😋

[@standwithterry]

You're so right!

[@brianb6957]

And, the golf balls.

[@catepons3319]

In Nevada, Costco charged a sales tax, as they claim it is for enjoyment or art. Effectively ripping customers off by 8%.

[@robjohnson7878]

I actually did not realize that when I checked out and felt so stupid afterwards, I could have beat their price at any coin dealer in town since they would not scam me on the sales tax.

[@catepons3319]

@@robjohnson7878 I'm fighting it, submitted complaint to Shellie Hughes at Nevada Tax Authority. Promised to have response in 30 days, which is Monday. (Yes, they take at least the full amount of time.) Will post the result. It is a complete BS, as Costco claims they sell bullion as art supply.

[@catepons3319]

@@robjohnson7878 I'm fighting with Nevada tax authority and Costco, will post the result.

[@citystacker]

No, the all-in price is significantly back of spot. That's a credit card price which yields 2% rewards plus another 2% rewards for Costco Executive members. Free shipping is included in the price. Find any dealer selling for 4% below spot... they don't exist!

[@f1hotrod527]

17% invested in gold. No way. I am the only one I know in all my circles of friends and family that has gold. No one has even mentioned buying gold, even when inflation was high

[@CjplusLj]

Most people I mention it to try to talk me out of it

[@livesimply_]

They are saving 1.5% over typical online retailers. Its a nice bar and nobody wants storage services for anything less than 10 bars.

[@jacksmith5064]

It wasn't always cheaper.

[@RabidStacker]

Always sounds and feel suspicious when you try to convince people to use your storage. If you don’t hold it you don’t own it. States away doesn’t make me feel safe, I’ll keep it in my safe where it’s safe.

[@CjplusLj]

Maybe a good option for nyc residents or a single person that travels a lot idk, not for me I want to have it like you said

[@Sola_Scriptura_1.618]

Costco sold $200,000,000 worth of Gold in the Month of March. That is almost $2.4 Billion Dollars annually, extrapolated over 12 months.

[@damnu8089]

don't belive that ,

[@acatal2464]

Is it real gold?

[@rogerburn5132]

Correct

[@rogerburn5132]

​@@acatal2464 it could be 50 / 50 Gold Silver bar LOL 😂

[@rogeliobarraza1772]

What’s your source

[@FinFlipper]

Costco limits are only a per transaction, per day or per offering limit. These deals come and go within a day and in a week or couple of weeks, you can buy again. They do the same thing with tp and paper towels, etc. It’s to allow many members the opportunity to buy and not hoard.

[@RC-mz2oe]

COSTCO GOLD CURRENTLY $2449.99 😢

[@MrHVACguy71]

wow, I grabbed one Maple for 2089 not long ago, but they're always out of stock

[@sarahpark5692]

😮 but 🎉🎉😂

[@Tsuchimursu]

More like party poppers! Looking at my gold bought in 2018-2020 makes me happy

[@mynamemylastname7179]

Thats cheap you should buy it will $3200 sometimes next year.

[@mikeyriley8959]

Wow! I’m so glad I bought a couple months ago at $2050

[@DiscoverTruth-yl3pr]

I know I don't speak for all Millennials... but I'm a Millennial who has 71% of their assets in Gold and Silver. I've been buying since 2010 (2 years prior to becoming a prepper).

[@darinthesecularspiritualist]

It is so comforting that each of you ask how you are doing before speaking.......

[@freesk8]

That is sweet. And how are you doing? Are you well?

[@TheSpuggiehawk]

I'd be interested to know when Costco actually bought their stock. If it was planned, say 120 months ago, they're making a handsome profit selling it slightly below spot at the moment.

[@NWCRYPTOADVISOR]

Gen X stacker checking in💪😎

[@lamarravery4094]

Not too many of us gen xers out there, lol. It's all about the millennials and boomers.

[@ZEUSAIMIGHTY]

It's not a good idea to self-custody gold? Is this a joke?

[@kennymac131]

Not sure how you can beat up Costco for making Gold more available for more people. The transaction and unit limit is not about the overall market... come on... its about having supply for more customers - not selling out or slowing down the sell-out. And when's the last time you didn't pay a premium above spot? And costco is offering a price very near if not below spot? I love you guys buy you are missing the mark on this one

[@objvst]

Thomas Sowell is a great economists but credit must be given also to Peter Schiff as a great economist..

[@Galloway8786]

I'm a Millenial. I have about 70% of my savings in gold and 30% silver. I started stacking about 5 years ago and now most of my friends and family have some. They all thought I was nuts when I started, but it put gold on their radar which is why they started to get some (if people see something gaining in value then it peaks their interest). I think that it is not something ordinary people know (outside of jewellery), whereas people are more familiar with the gains that have been made in stocks and real estate so gravitate towards them instead.

[@ratsofatso5525]

Swap overpriced gold for silver NOW!

[@rebeccadirks5385]

Costco is smart. If inflation goes crazy their precious metal customers will be able to buy. Nice protection plan for their business.

[@meck2658]

But Costco is below spot. All of us know you pay ABOVE spot via a dealer. Costco is cheaper than anyone’s dealer.

[@beachlife-f7z]

How do most of you guys still making profit? Even with the downturn of economy and ever increasing life standards

[@ReedMyresDavid]

Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency and stocks, through the assistance of my discretionary fund manager

[@ReedMyresDavid]

Mrs Nancy Williams Laplace

[@-vv3rv]

Yeah that's right I think it's right to invest with professional at least it saves the trauma of too much loses

[@Holler-cy8vn]

The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional

[@OwenMaureen]

Isn't she the same Mrs Nancy Williams Laplace that my neighbors are talking about, she has to be a perfect expect for people to talk about her so well.

[@jacksmith5064]

They are getting retail excited for it but limiting the supply. This could be huge.

[@NeuroPulse]

It's such a relief to hear a couple of clear headed and careful thinkers have a discussion. Thanks.

[@danielkurek7009]

Well I'd have to agree most millennials are either house poor or broke.. however I'm a millennial and I'm 25% in physical gold 25% in physical silver.. and 50% cash.. soooo?

[@JohnPaul-ng8lh]

Good job on acquiring those levels. I'm envious, tbh. Lol I wish I had it, but alas, being a single income family of 6 makes it very hard, especially with my Canadian gov spending like drunk sailors.

[@danielkurek7009]

@@JohnPaul-ng8lh I hear you there brother.. I can't even imagine trying to take care of a family of six.. I made my choice a couple years ago to stop paying rent mortgage and electric and I built off grid fully solar-powered tiny trailer that I've been living in saving money to build a refrigerated shipping container home.. just wanted to throw that concept out there try to live as cheap as possible save save save save save and build your own if you have skills.. they are insulated better than most homes. Projected cost $50,000 all in on 20 acres.. if they want to price us out of the market, we have to show him we're not willing to pay those ridiculous prices and start thinking outside the box. Decentralized the World by getting out of their systems by any means necessary. Self-sufficiency efficiently are the keys to have a sustainable future. Good luck, God bless🙏

[@rogeliobarraza1772]

@@JohnPaul-ng8lh You’re doing God’s work. I need to start reproducing lol

[@CjplusLj]

Have lots of kids, you’ll be glad when you’re older, they’re a true joy in life

[@frankcaza8612]

if you can't hold it you don't it Mike that's your own words most people can't afford much

[@frankcaza8612]

own

[@johnjj6144]

Hey Mike and Alan. You are right to doubt what you were reading about the percentage in that editorial. If you look up the word Include in Black's Law dictionary, it comes under the word INCLUSIO. "INCLUSIO UNIUS EST EXCLUSIO ALTERIUS. The inclusion of one is the exclusion of another. The certain designation of one person is an absolute exclusion of all others". So anything put in front of the word Include or Including, is excluded from what comes after. Therefore only 10% is invested by Millenials, and not 17%. This goes for any sentence you read that uses the word include. Hope this makes sense 😉 Thanks for all the research you share 😊

[@emielvanderwel5200]

Very good deals at Costco

[@ColeDedhand]

Costco doesn't make much on their gold and silver so it's more of a member service and/or a draw for new members. Limiting the amount makes sense in both of those cases. Costco buys their metal in bulk and then prices it based on what they paid for that lot. So if the spot changes it doesn't change the Costco price. It's certainly a different model than 99% of dealers but it is a logical model for a company like Costco.

[@Endthefedplease]

haha maloney trying to imply you should buy bars from him and not costco bc they can't convert an IRA... YOU DONT HOLD IT YOU DONT OWN IT MIKEY

[@archers101pd7]

2 jokers that have no Costco buying experiences trying to provide feedback

[@GeorgeDickey-rw4hj]

I'm looking for some investing advice. I never seem to be able to discern patterns, alternatives always work against me, and I can't make good use of scanners. I'm seeking for a simple, reproducible passive income approach that can supplement and eventually replace my wage income.

[@brianrichards7006]

Rick Rule said recently, investment in gold, as a percentage of total asset allocation in the US is less than 1/2 of 1 %. Gold is only vaguely correlated to inflation. But it is highly correlated with the loss of confidence in government.

[@berry1669]

the investing public usually gets in at the top, are we there right now???????????

[@rondockweiler2663]

The Great thing is it makes it easy for a first timer to make a buy. After your first time you want more.

[@gunzyb]

17% 😂😂😂😂. Righttttt. The only person I know who has any metals at all other than myself is my cousin, and neither of us have 17%

[@maxcactus7]

100% agreed! Rick Rule has this pegged correctly. It's very likely 1/2 of 1% in the West who own ANY precious metals and of that 1/2 of 1%, it's probably a small percentage of their total wealth. We stackers are a rare breed.

[@ronjhorton]

Sounds like you conducted a "Limit Survey"...there are more than you realize. 🤫

[@JFEnterprize]

@@maxcactus7always wanted the real deal numbers crunched. It’s always “x-amount” for everyone in the world. Would be nice to know on a country wide level and developed countries or such level.

[@langjr0]

Mike seems to be Pooh poohing people buying gold from someone but him…it looks bad Mike!

[@CjplusLj]

@@maxcactus7are rare, I am smack dab in the demographics for gold stacker, 50, live on a farm, have guns, friends are all right wing, very few have any real amount beside me, one super rich friend has a few hundred grams, everyone else is scared

[@AnthonyAraujo-m6l]

Thanks Mike

[@DimmuRPL]

Thanks Mike for that video. My guess with limiting to single transaction would be that if you can make only one - you would buy 5 oz at one time as you can't get next one. It feels kind of exclusive. So psychological trick to make you buy more maybe?

[@Gooseo2000]

You guys have really put the handwriting on the wall, since 2020 my savings has become silver

[@superstar5123]

Writing on the wall, not handwriting on the wall🙄

[@Gooseo2000]

@@superstar5123 Some Bibles like the ESV refer to it as handwriting, Biblically it was written by a finger, a finger belongs to a hand, so it is handwriting

[@laupeter4594]

May God bless those who believe in him. Quite unusual to be selling it $3 below spot

[@eladcrock]

Savings are discovered via executive membership rebate and 2% cashback on a CC

[@jeremyjohnson8128]

It was a good price, but this was the key. Mine ended up being about $30 less than spot factoring those in.

[@caveman9897]

April 19 10am cst, Costco selling 1oz gold eagle or gold buffalo for $2469

[@fu4616]

🙃 "Cut a half in half and still have something..." reminds me of "cut a crumb in half, you don't have two halves.... you have two crumbs" 🙃

[@bruceposch1449]

Maybe we should thank Costco....they are drumming up interest with the average consumer. Later when the consumer wants more, they will go to a dealer to buy more, if Costco is limiting them. Once a person sees their real gold, its hard to not want more.

[@rossgalbraith3878]

Thank God Mike's going to tell us the truth about this.

[@thomasjensen6243]

So God is controlling him? I thought God gave us free will.

[@VROOOOOOOOOOOOOOOM]

Which is why you should always buy from Mike's company 😏

[@rossgalbraith3878]

@@VROOOOOOOOOOOOOOOM Precisely. That huge off-the-grid ranch in Puerto Rico needs more solar panels, so get to buying, folks.

[@RealityTrailers]

Get a bank or credit card with a $5k or $10k or $30k line of credit and NO APR for one year and thenuse that to buy as much silver and gold. Make as much in monthly payments ($300 to $2,000) as you can untill about 3-6 months before the 23% (or what ever it is) APR kicks in. By that time gold and silver should have gone up in value and if so then use all or some of your silver and gold to get a low interest hard asset loan, then use that to pay off your credit card. After you pay off your hard asset loan you now can get another low interest hard asset loan to buy more precious metals or maybe a down payment on a new home or use it to buy a new vehicle.

[@superstar5123]

Good idea, also make sure to be on the lookout for credit cards with sign up bonuses. Last year I signed up for a card that had a $200 cash reward if I spent 600$ on the card in 3 months. I bought 25 oz of silver at 23$, then got $200 off the total. Free silver!

[@goldilocksminer8393]

Yeah, and if it doesn't appreciate, or goes down, how will you make the payments? Don't borrow to buy a non-yielding asset.

[@superstar5123]

@@goldilocksminer8393 hey einstein, the government won't raise taxes so they create inflation to finance their debts. inflation increases the price of tangible assets, THE DOLLAR IS LOSING PURCHASING POWER, REQUIRING MORE DOLLARS TO BUY THE SAME GOOD OR SERVICE. THE OUNCE OF GOLD DOES NOT INCREASE O DECREASE IN WEIGHT, YOUR DOLLAR LOSES ITS PURCHASING POWER. why would I want to accrue more monopoly bucks that lose value? I BUY GOLD SO I DONT GET POORER, I BUY GOLD TO STOP BEING ROBBED WITH INFLATION

[@williammarcus2085]

Thanks for the video guys.. you always do a great job at telling the truth... I would just like to add from watching at the beginning that those buying gold bars at costco are the people with a good amount of Credit, either a good VISA or A check that can handle 2400+ per bar. Just wait until us poor peasents figure out what is going on and start buying Silver.....

[@alienal8278]

Be careful who you tell what you have

[@jackbauer-vf1nj]

All of the Spider-Man movies are returning to theaters... That may not seem related, but it can be, all the info we follow about economic disaster can be stressful. It's a good opportunity to enjoy a great night out, watching the classic Tobey films on the 'silver' screen.

[@SpeedDemonExpress]

Are people buying from costco because costco had the best price under premium? Or is it just because it was the most convenient way? I think it was out of convenience. Not having to find and travel to a coin store. Or just that it's there, you're there, and it's an impulse buy.

[@jeremyjohnson8128]

When I bought mine from Costco, i’m not certain it was the best price at the moment, but it was a very good price. The real kicker is that I will get 2% of the purchase back for having an executive membership, and I will get another 2% back from using the Costco credit card. (There was no additional fee for using a credit card.) So factoring that in, I got it for about $30 under spot.

[@brandonsander803]

Costco One Star Review * Just sits there Bought this one ounce gold bar at Costco. Opened it and set it on the table. Left it there for weeks and nothing happened. It just sits there! Mind you I paid $2400 for this. When I tried to return it, they refused saying it’s against their return policy!! Terminating my membership!

[@kevintriplett6994]

This idea of selling gold is getting the word out. Why are you making fun of Costco? That is funny Mike.

[@keemo63301]

Costo seems pretty sure they will keep selling out gold as it comes in stock. Limit is to make sure more members are able to participate. Sucks going on and keep seeing (out of stock)

[@rogerburn5132]

Until they reseive phone call from CIA

[@WZPXZMDQRGTHEFYOPBMLNSHOPJBOJT]

I'm a millennial with 100% savings in physical metals. I currently have an approximate ratio of 1,000 oz siler to 1 oz of gold but may bring that ratio to 500 oz silver for every 1 oz gold in the future.

[@bbustin1747]

Costco obviously committed to buying a sizable amount of gold for distribution… that’s they are able to sell at a super competitive price. Costco is a gold bull indicator.

[@markpeterson3063]

My liquid assets are nearly one half gold and nearly one third silver. I bought gold as cheap as $950 per ounce when I first started collecting.

[@MyTube4Utoo]

For what it's worth; I have a Costco membership and just looked online, and gold 'bars' aren't showing on the site, not for me. They do list Gold Eagles and Buffalos, both priced at $2,469.99 on Friday April 19, 2024 ~12:04 am. I'm not sure if it's maybe the area I live in, or what. Also, the items have/had a 4.7 (out) of 5 rating. I was curious as to why anyone would give *GOLD* a low rating, and I found one reviewer named Travis that gave only two stars. His comment title is - "Cheap Plastic Case - *BEWARE."* 😆 Travis' scheming coin seems to have "escaped" it's prison cell. *LOL* At least Travis does "recommend" the gold, as it is a "good buy." I'm sorry to post such a long comment here, but Travis' comment maybe wasn't as totally ridiculous as it sounds from the title alone, and I can understand his frustration on scratching his shiny new gold coin, but come on, no one should believe a cheap plastic case is any real protection for a beautiful, high-dollar coin. Not if you value it for its looks, and not if you're going to be passing it around, especially. I'm pretty sure the purchase was about a *GOLD* coin, not a piece of $0.50 plastic. In Travis' defense, here's his full review. _"I bought this coin and it was delivered as expected. I took the item over to my neighbors to show them. _(why people feel the need to showoff what they have, at least certain items, is beyond me - edit)_ The item comes in a plastic credit card sized capsule that has a plastic piece pressed into the back of the capsule to hold the coin in. I handed the item to my neighbor and they simply turned the capsule over to read the wording and the coin fell out. Needless to say that I am now the owner of a scratched gold coin. The entire episode was captured on my neighbors Ring camera. I contacted Costco to see about getting it replaced as the protective case on the coin was defective, allowing the coin to easily escape. No luck. All coins are “non-refundable”, regardless of the reason. Buyer beware! If you get this, please ensure your capsule is properly secured!!! I’m saying “yes” on recommend due to the coin being a good buy - even thought [sic] the case is bad."_

[@queencleopatraisispleja]

Next step: they will accept payments with gold or silver, because money will have hyperinflation.

[@razor282]

No premium if it’s below spot

[@josephutuadoPR]

The reason people are buying gold at Costco is because it's 3% off if you use their credit card

[@bbustin1747]

If you have an executive card. There is 2 percent rebate and a 2 percent rebate with the Costco CC. Total 4 percent

[@richardrubin7119]

It's close to being to late. If you have not bought yet you should start soon. I help those who don't know how or where to get the P M. I only ask those who want to get started to pay expenses and my time to teach them how to buy & where to buy. Most who have low debt with some saving's should invest @ least 50% of savings they do not need now. DO NOT INVEST IF YOU WILL NEED IT SOON. If you will not need the money then get at least 7.8% on average. I'm 73 and I wish I would have started 15 years ago. If anyone needs some help I'm here.

[@concurringlion3643]

I think Costco limited to one transaction to measure demand. If a customer knew they could only buy once for a good deal, they might go all in. Costco is learning how many units will move to balance future purchases for profit and risk.

[@stephenoreilly3226]

Maybe Costco buys Gold on the dips, and then sells it at that price plus a small premium for profit, regardless of the price of Gold in the markets. Kind of like gas at a gas station. If the price of gas the stations have to buy goes up, but the gas undergrounds was paid for at last weeks price. If Costco purchased enough before the sudden rise, they could keep making profits bellow SPOT until they run out and have to resupply.

[@jackdelia1014]

Costco gold is not a good buy because you are buying a product that will be taxed upon selling it. Buy American eagles or Buffalos..no tax upon sale because they are coins of the realm!

[@LouisPaquette]

Very informative and insightful of the general public's interest... thanks guys!

[@freedom4all581]

When I used to shop at Costco $2,000 with a normal run for me... Does any other people with family not agree with that statement?

[@StackingSurfer]

Everyone keeps missing the point on why this move is so important. Have a video coming tomorrow on this.

[@livinthedream7714]

Mile is just sire that Costco is selling MUCH cheaper than he is, and not availing of his services

[@briansmith4724]

All my wealth is currently in physical Silver, 1.25 annual gross earnings saved, so far 😊

[@SB-uy1vo]

Not that many gold bugs will be able to rationalize with me, but if the everyday person is now buying gold regularly at a Costco it likely constitutes a good contrarian indicator to start liquidating some of your holdings. Remember the regular Joe is always the last to buy into an asset class at its peak. Oh and Mike, could you mention again how your business is offering better gold options then Costco, I think everyone really appreciates the shameless plugs 😂.

[@ZoomedOut2020]

I see pros and cons about the topic…. I see it as a good thing for the average consumer to have a higher level of acceptance concerning gold ownership…. I see it as a detriment that purchases are recorded electronically and digitally by what was deemed in 2020 to be an “essential “ operation. Costco can dwell in hell as far as I’m concerned… Never forget what they did in 2020 ……

[@mauipuamana]

1 oz 999% Fine Canada Maple Leaf Gold Coin at Costco (4/18/2024) is $2449.99

[@ronjhorton]

Not to long ago the price was $2000 per ounce. 🤫

[@RoseRose-cw5be]

It’s a good deal but I do not like the gimmick of having to check the website periodically to see if they have them in stock. That’s kind of ridiculous.

[@dariusztrocyszyn4971]

I went yesterday to 3 gold shops in Thailand. All tun out of golden & silver bars. Earliest delivery in May.

[@jamesmatsey5861]

I believe that Costco does not adjust their gold purchases to market. So if the dollar price of gold goes up, you can get a good deal, potentially below spot.

[@paulwilson7622]

Maybe it was a printing error and should have been 1.7% or 0.17%?

[@carlos31777]

Mike Maloney. Inspiración . 1st step, def of MONEY. 2014 . Thanks .

[@george0r510]

additional fundmentals taht changed are the Hedgemoney with paper markets stopped or at least is not working with the, BRICSS coming onto the scene, ( I believe that BRICSS told the U S A GOV. to stop the BS of paper money setting prices at low levels to steam from the common people.). The price as low as it was for many years causing the BRICSS nations among others to be underpaid as the conversation of currenc for international trade was a gold, and especially silver a price DOWN GOUGE FOR YEARS...... If you need explainiations aske your financial adviser if they know..... It was a hiden way to WESTERN GOVERNMENTS ARE LIKE PARASITES.......REGARDING TAKING WHAT DOES NOT BELONG TO THEM, AND FOR SO LONG....

[@AlanStevens-oz5li]

Costco Ringwood Australia out of stock due to high demand

[@shepherdwarrior777]

What is your silver to gold ratio when you decide to sell your silver to buy gold? And what is your opinion on numismatic coins.

[@martinrev8487]

Below/at spot and credit card cashback/rewards for the most premium 1 oz bar on the market (Lady Fortuna w/ Veriscan)? That is tough to pass up. I appreciate the established dealers and their service, but that is stiff competition.

[@thatrandomchannel8589]

It’s competition for Mike. That’s a problem no matter what the price.

[@surajkulkarni6868]

Why should we buy silver over gold ?

[@dcyphrz8532]

Oh, so the absence of storage services and a two way market would be a deal breaker?

[@anchorsaweigh9893]

I have consistently bought 1oz Gold Eagles and match the price in Silver Eagles once per year. Otherwise pretty standard investing.

[@patrickshanghai2064]

Maloney is an interesting figure. very right and useful in his education of the masses. but always cynical and negative on anything that others do. maybe because his investment advice has been so wrong for so long. haha. i think Costco selling gold bars is great. it's great marketing for gold! it will be good for gold dealers like Maloney. we don't trust Goldman, haha! and guys, reviews do count for a lot!