Costco Says It’s Sold Over $100 Million in Gold Bars

Discussion in 'Wall St. News' started by ajacobson, Dec 18, 2023.

  1. ajacobson

    ajacobson

  2. Interesting. The liquidity issue itself (not to mention storage and concerns of theft or loss) is enough to offset 1% discount. I don't get the interest. Do people not understand you can easily get the same exposure via financial markets for less risk and with full liquidity? Cool article, thanks for posting.
     
    murray t turtle likes this.
  3. Overnight

    Overnight

    Too bad they are buying at the peak. Gold never seems to be able to maintain above $2,000 for long.
     
    mervyn likes this.
  4. mervyn

    mervyn

    i always have questions about the gold bars sold in Walmart and Costco alike, not sure they are real or just 14k.
     
  5. Oh right! You have that risk as well: authenticity. Great point! Yah, I don't get the interest.
     
  6. Overnight

    Overnight

    Just take a cc-gradated cylinder with you to the gold shop with some water and measure the way you learned in school, comparing it's mass to it's water displacement. 19.3 is the magic number.
     
  7. maxinger

    maxinger

    and someone bought over $100 million in gold bars.
     
  8. mikeriley

    mikeriley

    How is that possible, the gold is sold via an online shop?
    You can't walk into a Walmart store and buy gold bars.
     
  9. mervyn

    mervyn

  10. mikeriley

    mikeriley

    Yes mervyn, they sell through an ONLINE shop

    EDIT: Most likely those who purchase online are
    doing so for money laundering activities.
    Since there's no way in hell Walmart would give
    a better price than a local dealer.
     
    #10     Dec 18, 2023