Costco is Now Selling Gold Bars and Why You Need a Gold Broker
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Photo Credit: Costco
By Stan Szymanski
I woke up this morning to an entry on John Rubino’s substack entitled ‘Did Gold Bars Just Become an Impulse Buy?’ where John reports on the apparent fact the Costco is offering gold bars along with salad, shirts and office supplies.
Markets Insider (MSN) reports that ‘Costco says its 1-ounce gold bars are real and have been selling out in hours’.
In my own search of the company website, I could not find an offering for gold bars. But a search from my handy search engine found an offering for a 1 oz Gold Bar PAMP Suisse Lady Fortuna Veriscan (New In Assay-Item 1748080).
As Mr. Rubino adroitly points out that if this works (and apparently it is working as the Costco CEO says that the bars sell out in a few hours when they hit the website) the competitors of Costco will have to follow suit. The implications could be staggering for the price and availability of gold and eventually for silver as well.
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This is why the right thinking individual should enlist the help of a reputable gold and silver dealer/retailer now.
As the Costco CEO points out, the bars disappear shortly after appearing on the website. An individual who wants to buy gold and silver products would be much better served by a professional who has worked to understand their needs and who has the ability to work on the behalf of the customer.
A gold broker/retailer can work to fill all of the needs of the customer, even if it takes weeks or months to find enough product to meet an order of a certain size. If this Costco story has legs, and I believe it does, then the availability of precious metals - in an already very tight market - will dwindle quickly. An investor will most likely need to ‘catch as catch can’ in obtaining metals and a seasoned professional may just be the biggest helper during what may be the biggest demand for metals in the history of the US and the world.
Doesn’t it make sense to have a professional working for you when it comes to such an important area as gold and silver purchases? Plus the customer can receive information and education from a professional in the course of the metals transaction.
This is not investment advice. Consider finding a seasoned professional like Steve Quayle, Bill Holter or Mike Maloney-all of whom have done incredible work for decades in educating people on the role that precious metals will and should play in their lives.
When it comes to Costco, would you take advice from the people who sell you beef, brisket and bowling balls to give you advice on your bullion?
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Stan Szymanski (or Encouraging Angels) is not a medical doctor. This is not medical advice. In all matters pertaining to the health and care of a human being consult a medical doctor. This is not legal, financial or personal advice. Consult appropriate professionals in those fields for that type of advice.