Costco may sell you gold, but they sure won’t buy it back from you.
if anyone wants to buy me gold bars for christmas I would be fine with that.
in fact those look like they would make great tree ornaments if I had enough of them
Isn’t that a risky purchase to be making while in a crowded shopping warehouse, where someone may be standing with their shopping cart, staring as you accept personal possession of GOLD? Maybe they have the gold transactions done in a semi private part of the store, behind a beaded curtain.
There was a story some years ago about counterfeit gold bars from China. It turned out to be gold plated tungsten. Almost the same weight as real gold. I would think twice before buying gold from Costco.
Most of the buyers were named Patel.
Dealers don’t care what the price is, they make their money off the spread. That’s why they’ll sell it to you anytime, they are charging you above the market price to buy and they pay you below the market price when you sell. You carry all the risk, they have guaranteed profit with no risk. If the price stays the same or only goes up slightly, you lose money.
But only the one with the chocolate ticket inside gets you into Willy Wonka’s factory.