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Thread: Costco selling pamp gold bars

  1. #21

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    Quote Originally Posted by and4rik View Post
    IMO Costco could easily double the premium they are charging now and still sell out in the same time. Not sure what the reason for offering this "novelty" product at low premium. Possibly market testing to expand sales to other types bullion or investments .
    like i said, to pull in new memberships. It is the first time costco gold sale made it to radio news at my locale.
    never before i had heard costco news on the radio before


    ďTheyíve done their market research. I think itís a very clever way to get their name in the news and have some great publicity,Ē Rose explained to CNBC.

    https://people.com/costco-selling-go...-hours-7975997
    Last edited by yellowsnow; 10-01-2023 at 03:20 PM.

  2. #22

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    costco gold news back in 2020

    https://www.kitco.com/news/2020-10-0...on-market.html

    ...anybody who checked the pricing can find a better deal from any dealer worth their salt," he said.

  3. #23

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    Quote Originally Posted by insidedealer View Post
    On Merchandise: We guarantee your satisfaction on every product we sell, and will refund your purchase price*, with the following exceptions:

    Electronics: Costco will accept returns within 90 days (from the date the member received the merchandise) for Televisions, Projectors, Major Appliances (refrigerators above 10 cu. ft., freezers, ranges, cooktops, over-the-range microwaves, range hoods, dishwashers, water heaters, washers and dryers), Computers, Touchscreen Tablets, Smart Watches, Cameras, Aerial Cameras (drones), Camcorders, MP3 players and Cellular Phones (return details will vary by carrier service contract).
    Our Costco Concierge Services representatives are available to assist with technical support and warranty information for many of the products above. Youíll find a list of eligible items here.
    Diamonds: 1.00ct or larger: Members returning a diamond over 1.00ct must also present all original paperwork (IGI and/or GIA certificates) at which time they will receive a Jewelry Credit Memo. Within 48 hours, our Costco Graduate Gemologist will inspect for authenticity.
    Cigarettes and alcohol: Costco does not accept returns on cigarettes or alcohol where prohibited by law.
    Products with a limited useful life expectancy, such as tires and batteries, may be sold with a product-specific limited warranty.
    Special Order Kiosk and Custom Installed Programs: Custom product(s) manufactured to our memberís personal and unique specifications cannot be returned or refunded, except for warranty repair/replacement due to failure to meet specifications.
    Airline and Live Performance Event items are non-refundable.
    Gold bullion and gold bars are non-refundable.
    Shop Cards are non-refundable.
    go google how many time costco got scammed with diamond switcheroo

    what's more important i got the covid hoax and clot shot scam right while you didn't but it's nice you follow my postings

  4. #24

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    ok i dug into it more, at closing Sep 29, 2023

    my bullion seller, just 10 mins drive away selling

    1oz Gold Bar .9999 RECOGNIZED RCM 1-24 Quantity <1910 USD < 2600 CAD ( i don't want to quote exact price as it might conflict kitco forum policy.)

    Even kitco online selling 1 oz PAMP bar for $2642.52 CAD


    costco price as of Sep 28 closing, $2679.99 CAD

    (It seem US costco selling PAMP bar cheaper at 1899.99 or 2579 USD at forex rate)

    https://globalnews.ca/news/9992179/c...d-bars-canada/

    Itís worth noting that in Canada the price listed on the Costco Canada website is slightly higher than whatís offered to TD Bank customers for the same 24-karat item ($2,670.21.)

    Wow, what a deal, flying off the costco shelves.. LOL
    Last edited by yellowsnow; 10-01-2023 at 05:17 PM.

  5. #25

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    current quote at TD, an expensive seller, is still cheaper than costco

    1 oz Gold Bar- PAMP Suisse Lady Fortuna (w/ Assay)
    C$2,664.05

    https://preciousmetals.td.com/shop/e...ls/golds/p0201

  6. #26

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    i doubt costco has hedging program, they have to eat what they bought

    costco gold PAMP bar price likely don't adjust to spot price.

  7. #27

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    Quote Originally Posted by yellowsnow View Post
    i doubt costco has hedging program, they have to eat what they bought

    costco gold PAMP bar price likely don't adjust to spot price.
    Can you get the 2% rebate on Mastercard and the 2% rebate if you have the executive card on gold purchases. If so maybe worth a good look.

    Certainly convenient for the 2 coins per week you are allowed.

  8. #28

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    Quote Originally Posted by brutus2 View Post
    Can you get the 2% rebate on Mastercard and the 2% rebate if you have the executive card on gold purchases. If so maybe worth a good look.

    Certainly convenient for the 2 coins per week you are allowed.
    i don't have costco account. I don't eat enough to warrant bulk buy.
    website says executive membership cost 120 CAD./year So if one buy 2 or more gold bar/year, the 2% rebate do pays out the membership.

    I find costco is overstaffed, hence product prices can't be too cheap
    Last edited by yellowsnow; 11-19-2023 at 08:54 PM.

  9. #29

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    Quote Originally Posted by yellowsnow View Post
    i don't have costco account. I don't eat enough to warrant bulk buy.
    website says executive membership cost 120 CAD./year So if one buy 2 or more gold bar/year, the 2% rebate do pays out the membership.

    I find costco is overstaffed, hence product prices can't be too cheap

    I do not have one either. Just 2 of us so when I go I go with sister who has one. Just cheap I guess. But I read that they offer 2 per cent on MasterCard purchases and 2 percent on rebate if you buy the 120 membership. Up to 1000 rebate

    So if I buy 20 ounces over a year I could get almost the equivalent of 4 per cent off price and shop there myself.

    If the gold qualifies. I looked at the exclusions and it does not say gold


    We are Canadian but probably same in US. Wondering if anyone here tried it and received the 2 plus 2 rebate

  10. #30

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    Quote Originally Posted by brutus2 View Post
    I do not have one either. Just 2 of us so when I go I go with sister who has one. Just cheap I guess. But I read that they offer 2 per cent on MasterCard purchases and 2 percent on rebate if you buy the 120 membership. Up to 1000 rebate

    So if I buy 20 ounces over a year I could get almost the equivalent of 4 per cent off price and shop there myself.

    If the gold qualifies. I looked at the exclusions and it does not say gold


    We are Canadian but probably same in US. Wondering if anyone here tried it and received the 2 plus 2 rebate
    it does look like a loophole or a purposeful bait to encourage new membership.
    Technically, one only need to buy one oz gold PAMP bar per year to help pay for the annual 120$ Exclusive membership (~2800 CAD x 4% = 112 CAD). It's like buying gold at spot because most 1 oz gold premium runs about 3-4% premium. However, one has to like stacking PAMP bar to exploit this costco offer

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