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

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.

Disclaimers: I am not a financial advisor, a CPA, or an attorney qualified to give financial advice. Nothing I say is meant as professional or financial advice. I'm just a guy on the internet, talking about precious metals. This is for entertainment only. If you're looking for financial, tax, legal, or other advice, please seek out a professional. It's worth acknowledging that I make mistakes frequently, so please take that into consideration. I will NEVER ask you to send me money to trade or invest for you. Please report any suspicious emails or fake social media profiles claiming to be me.

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[MrPatrick]

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 !

[phoenixmichaels]

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.

[Xyz]

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

[leewang]

Costco does not charge tax for gold bars.

[ThomasZonker]

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

[alizone]

Costco charges NO tax and allows 5 items per member, you get 2% back on Costco membership card and another 2% on the credit card you use to purchase (no extra charge by Costco)

[DavidS-bmst]

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

[davidotness]

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

[Userhfdryjjgddf]

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.

[jaypassarella]

Costco does not have a surcharge for CC and if you use the Costco CC you get a rebate.

[RogerNoonan-zq]

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

[ericw]

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.

[JoeGiz]

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

[actualsurfer]

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

[SavingInGoldAndSilver]

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

[rayjack]

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

[christopherwallace]

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.

[mightysprocket]

Good video, appreciate the information and perspective.

[davidylyl]

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.

[Whaticansayaboutit]

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.