Don't You Dare Buy Costco Gold, Do This Instead...

Рет қаралды 12,898

5 ай бұрын

Let's talk about why buying gold and silver bullion from Costco may not be the best choice for first-time buyers.
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My approach to investing involves buying silver and other assets on a regular dollar-cost average schedule. As prices and interest rates fluctuate, I may also increase my purchases accordingly. While my primary focus is on buying silver coins and bullion, I also discuss topics such as cryptocurrency and current events.
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Пікірлер: 67

@MrPatrick1414 5 ай бұрын

I notice that a lot of the Precious Metals dealers who were always encouraging us to buy physical Gold and Silver in their videos are now warning us about buying PMs from Costco and Walmart. LOL...I thought the message was to just keep stacking wherever you source physical. Gold is Gold !

@ibberman 5 ай бұрын

@@harryharry3193 Maybe he works on cars 😎

@citystacker 5 ай бұрын

I handle PMs throughout the day, every day in making videos. It's just a habit to protect them, especially the silver.

@christophersuzor6838 5 ай бұрын

Gold is gold...dont overpay for a gimmick

@jimk654 3 ай бұрын

@@christophersuzor6838 Has anyone posted they've received them and what kind of condition were they in. There were many negative post in reference to the condition of the bars they sold.

@user-pm4yc1ul5h 5 ай бұрын

no diesrespect but i will buy my precious materials where I CHOOSE

@ibberman 5 ай бұрын

It's his youtube channel, so he told us where he CHOOSE to buy.

@user-pm4yc1ul5h 5 ай бұрын

and i expressed my opinion.. you have a good day sir@@ibberman

@user-pm4yc1ul5h 5 ай бұрын

i choose where to buy. not him not you, thank you drive thru@@ibberman

@phoenixmichaels 2 ай бұрын

You can and should use your 3% cash back credit card to buy gold at Costco. Combined with your Costco 2% yearly rebate, that's 5% or $100 back on a $2000 bar purchase. Pretty much almost eliminates the premium.

@davidotness6199 5 ай бұрын

Thanks. I follow half a dozen or so PM channels, yours though new to me is rapidly becoming one of my favorites.

@ericw3517 4 күн бұрын

I'm thrilled to see people put a coin in the shopping cart while buying the groceries. If it's not convenient, people won't bother at all.

@leewang6686 5 ай бұрын

Costco does not charge tax for gold bars.

@DavidS-bm2st 5 ай бұрын

buying gold at a familiar retailer feels safer due to the familiarity with the store

@Daniyalk865 4 ай бұрын

i got 4% back on my gold on top of that. Make that another reason.

@Xyz99899 2 ай бұрын

Costco sell maple leaf gold coins now. 4% cashback and no Salestax depending on your state makes it very tempting

@l.d.8310 14 күн бұрын

Excellent tutorial!!!

@Immigrationsituation 5 ай бұрын

You also gotta remeber if they are getting checks back from costco at end of year for rewards that helps. Plus maybe they are buying with a credit card with good bonuses and pay it off before end of month. Im guessing thats not the reason, but that would be the only reasons id buy at costco.

@kertbert1 Ай бұрын

It's my reason. I feel it's many others as well.

@JoeGiz64 5 күн бұрын

Sell to Apmex, JD Bullion..fast and easy. Bought from both of these dealers before, as well as Costco. No issues and completely satisfied.

@ronaldgartner3700 23 күн бұрын

Just clicked on this, look how cheap gold and silver is. Four months ago.

@user-cv7qb5tn8e 5 ай бұрын

Great advice, not! I’m buying gold at Costco below spot and it was last weeks Maples.

@rayjack49 5 ай бұрын

I live in New Zealand I needed some quick money to pay for a funeral I went to sell 10 oz,s a Dealer that I've bought from offered a lesser price for the packaging that was coming apart not all gold is equal so I didn't sell to them I went to another dealer that I have brought from they said they would only buy back the product that I bought from them a third dealer I have bought from said we don't discriminate they offered me the honest price so I was happy Moral of the story beware where you buy they may not buy your yellow stuff back when the price rises

@christophersuzor6838 5 ай бұрын

Why do so many bash bars?...more expensive is not always better...you like coins we get it you buy coins but bars sell just as easy without the haggle at melt...stack as close to spot as possible and price your stack at spot or your a collector

@user-le5rz7gx9y 5 ай бұрын

Bars are easily faked. Very easy to gold plate tungsten. Coins are harder - more details.

@christophersuzor6838 5 ай бұрын

@@user-le5rz7gx9y in the end gold is gold it's all about how much you got not what shape it is....coins are great if you get the cheap so is a nice bar

@slapdat.byteme 5 ай бұрын

@@user-le5rz7gx9yANYTHING CAN BE FAKED. Bars are just as easily verified to be genuine as are coins, using a good verifier.

@user-le5rz7gx9y 5 ай бұрын

You are spot on with your analyses and recommendations. Great video.

@davidylyl01 5 ай бұрын

Good video, sir, good info. I am curious about the Maple being more recognizable than Kruggs internationally. Source, please? I'll still stack Kruggs regardless, but that's only because I could never warn up to the Maples.

@citystacker 5 ай бұрын

Let's rephrase that to "One of the most recognizable..."

@davidylyl01 5 ай бұрын

@@citystacker Agreed, sir. And it's pretty, and has nice security features. And, I still just can't warm up to them. 😄

@christopherwallace826 5 ай бұрын

I bought from costco when they first started listing them under spot plus the 2% back for membership and 2% on credit card it made sense but the price isnt as attractive now. maybe for the gold maple leaf when they have it in stock at costco.

@butts-r-flyeffect2838 5 ай бұрын

I think their “deals” were fleeting. The ASE’s are a good example as they initial went for $550, but now go for $590. They literally had decent deals for a few hours.

@jimk654 3 ай бұрын

Has anyone posted they've received them and what kind of condition were they in. There were many negative post in reference to the condition of the bars they sold.

@actualsurfer 5 ай бұрын

I ordered two coins from APMEX. They took zero precautions in packaging and the coins bounced around damaging each other.

@sarahpark5692 Ай бұрын

🤔 regret this happened to you but I have been getting pm from them past few years and this is news to me 🤷‍♀️

@billyski6798 5 ай бұрын

I like the Gold Eagle, but the premiums are out of site. I love the Krugerrand, been collecting them since the 1970’s, low premiums then any other Gold coins, as far as silver goes, Dimes, Quarters, Half’s, pre - 1964. I do have done American Eagles, got them when they first came out. PREMIUMS ARE THE SECRET WORDS. Keep up the good information. 👍👍

@davidkerins8464 5 ай бұрын

great info thank you

@whatmattersmost6725 5 ай бұрын

Hi City Stacker, guess what I went to SD B and choose that Eagle with low Gold content and then my State and it had not tax...LOL Apmex will always charge Sales Tax in any processed Silver or Silver that has color ink added like hte John Wick coins.. They are far more picky then many,,,

@citystacker 5 ай бұрын

Good to know

@user-le5rz7gx9y 5 ай бұрын

I now think that the best gold coins are not 24K. If a coin is gold plated, the color would be 24K. The gold eagle has a brighter silvery color. The Krug is much more reddish copper colored. Can't duplicate the color - fakes would be obvious.

@Grams_ 5 ай бұрын

They just plate it with 22k no different

@user-le5rz7gx9y 5 ай бұрын

You are going to have to have the exact formula - 91.67% Au, 3% Ag, and 5.33% Cu. Maybe you could plate that. Use a real AGE as the anode to plate onto tungsten counterfeit?@@Grams_

@davidritchey5555 5 ай бұрын

CS, you're the first commenter I've heard say that Maples are more recognized than Eagles or Krugers. What info caused you to claim this? Happy new year and thanks.

@butts-r-flyeffect2838 5 ай бұрын

Simple google search. Personally I think the Eagles are, but it’s arguable.

@dukenukemani07 Ай бұрын

I funny agree with your assessment here. Costco is NOT the best place to buy precious metals because of tax and the high probability of getting items that are not as easily recognized and thus not as liquid when the time comes to sell. Either utilize your LCS (you should by default - support your local community and not a retail titan like costco) or shop around online and look for deals online with known dealers with a good reputation.

@SAMAPTIORANKUSH-zn4ql 5 ай бұрын

wow so beautiful videos

@stephenarmstrong1681 5 ай бұрын

Costco does not sell online only.

@leewang6686 5 ай бұрын

They sell them in store 😊

@WEABRNC 5 ай бұрын

Good content City!!

@Daniyalk865 4 ай бұрын

got 4% back on my gold bars at Costco. Why would i not?

@citystacker 4 ай бұрын

I have newer video which speaks favorably of more recent Costco gold deals, touching on the member and CC rewards which can sometimes bring the price to back of spot.

@tomtharos4440 5 ай бұрын

I’d rather buy gold from Costco than buy some foreign POS rooster or ducat I’m going to get less than spot for when I sell it, if I can find a buyer. Maples? I hate their odd size. And you never save on sales tax. You are obligated to pay the tax and every state has a form for you to do that, if the retail seller didn’t collect it. Unless you are advocating cheating on your taxes?

@Grams_ 5 ай бұрын

I thought it was only if your selling more then 25

@tomtharos4440 5 ай бұрын

@@Grams_ it depends on the state you live in. My state is one of the few remaining who tax 100% of sales. The only way I can legally avoid sales taxes on any bullion or numismatic is to buy from out of state and take delivery at a vaulting service outside of my state. If I later ship into my state, I owe sales tax. If I sell out of the vault and make a profit, I won’t pay sales tax but I will owe capital gains tax.

@ibberman 2 ай бұрын

If you buy Gold $2000 or more, no tax in Ca.

@tomtharos4440 2 ай бұрын

@@ibberman sweet

@T.W.goodguy 5 ай бұрын

City stacker, happy New Year. Thanks for the video & information. 🪙✨🪙🤩☮️✌️🥈

@kertbert1 Ай бұрын

I wouldn't buy 22kt coins.

@barjer54 5 ай бұрын

If you appreciate LOW prices, quick shipping and top notch customer service then you NEED to shop at Monument Metals! Rarely are their prices higher than "the big boys"...and they don't inflate spot prices!!