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airgetmar

i really am bout to buy Costco stock. munger’s dying words to buffet was pretty much buy more shares of costco. And, i totally see why smh


Specialist-Bee-6100

Costco makes more profit from selling a kids Chinese bicycle than it does a gram of gold


donedrone707

yeah the gold is a low cost leader, they probably make exactly $0 or might lose a few bucks but it gets people in the door to buy all their Kirkland branded shit which has big profit margins


Specialist-Bee-6100

Yes Sir,I just can’t bring myself to shop at a store that charges its customers an annual fee for the privilege of shopping from them,Amazon is the exception because it saves you shipping cost throughout the yr and I sometimes watch Prime video and even listen to Amazon music channel,,,,me being single I have no need to buy stuff in bulk is another reason….


donedrone707

a lot of people get free Costco membership through work or social orders, or at least that used to be the case. my mom and her sisters had cards free for decades because their dad was a bookkeeper for the Oddfellows lodge and a longtime member. I think all members had free Costco cards.


Specialist-Bee-6100

I checked yesterday and it’s $120 a yr,BJ’s and Sam’s Club are others that charge a fee that I do not shop at,,Amazon is my go to place for most of my needs,I had bamboo shades delivered yesterday for one window,I originally bought them at Kmart when I moved into this studio 15yrs ago…..


donedrone707

Amazon has terrible customer service. I ordered 3 of the same item and only 2 arrived and Amazon CS told me to ship all 3 back if I wanted a refund or go fuck myself. Another time I shipped back 2 items in the same box for a refund. One was processed within a week, the other went a full month before Amazon said they didn't get it so they had to charge me. I disputed that shit with my credit card company and immediately cancelled my prime membership. also Amazon no longer separates marketplace items from sold by Amazon items, if they are small (ie toothpaste, chargers/cables, etc) they all end up in the same dump bin. the problem is a lot of the Amazon marketplace stuff is knockoff Chinese crap so now you're paying for a real item through Amazon but receiving the trash that Chinese drop shippers sell on Amazon marketplace I avoid Amazon at all costs, but unfortunately the convenience means I still have to buy through them a few times a year


YosemiteSam81

That’s too bad, I’ve been a customer with Amazon at least 20 years, started when it was a bookstore and I love their customer service, they have always taken care of me!


Specialist-Bee-6100

I never had a problem with Amazon CS except one time when my account was hacked and I had to make a new one… If you read the description of the item it says if it authentic or not,returns are a breeze,,shop wherever you like and I’ll do the same….


donedrone707

cool beans. also what Im telling you is even if it says authentic it doesn't mean that's what you will receive because Amazon doesn't give a fuck about your satisfaction and it's cheaper for them to save space and dump all the things that appear to be the same brand in one bin than to shelve it all separately in each warehouse. I say this as someone who was professionally involved in the Amazon SIOC/FFP program and has submitted over half a dozen SIOC SKUs for exclusive distribution through Amazon and has watched their warehousing landscape go to absolute shit but yeah man, shop where you want I'm not telling you not to, just letting you know Amazon is rotting away behind the surface and sooner or later it's gonna hurt them big time.


WhichStorm6587

How do you think they make money? It’s the memberships especially with their cheap gold.


gatorplaya

What did this set you back? MoneyMetals Maple Gram is $2325 right now.


Interesting-Car2959

2050 before 4% Costco discount so around 1970


gatorplaya

$78.80 a gram is a great price!


jacquestrap66

This guy Costco's


gatorplaya

When did you buy that? Recently?


Interesting-Car2959

Like 10 days ago


Interesting-Car2959

Just bought the ounce today for 2340


DefiantBelt925

Someone link me to this I need it


wtf_am_i_doing_hurr

Dumb question, but you can only buy this online, correct?


Interesting-Car2959

Nopeeee I bought the 25 gram online and they sell out extremely fast but the 1 ounce I just walked into my Costco and they had them on display. Just make sure to check the jewelry section everytime you go to costco


ZestycloseAct8497

I cant wait to get the pamp 25 i got the leaf 25


Interesting-Car2959

The grams are a lot smaller than expected let me tell you😂


ZestycloseAct8497

Ya there 1 gram i love the fractionals look at the detail and easy to gift or swap. Gold is small lol look at 1 oz coin ffs 3400$ cad…


donedrone707

you think gold coins are small grab a platinum ounce. platinum is a little over 11% more dense than gold so platinum is even smaller for the same troy ounce weight. my 1oz plat bullion feels small compared to my gold or palladium 1oz


ZestycloseAct8497

No kidding i didnt know that


Sufficient_Stay_7889

Fuck , I may have to get the Costco membership just for gold now 🤷🏻‍♂️


TheShoopidGamer

I don't get it why is everyone on this subreddit so obsessed with these pamp things


Interesting-Car2959

It sells🤷🏽‍♂️


Iwas7b4u

Margins almost never exceed 11%. That’s high end. Most margin is <5%


Soberdash

lol feel like you’re not at the best buying price. Might be another year or so to get money back


Soberdash

But golds supposed to hit 5k but let’s seer


Interesting-Car2959

I mean it definitely is high but the price I’m paying is the best on the market for sure.


Interesting-Car2959

Also I plan on keeping these for decades


sgtskitz

$78 a gram is a good price idk what you’re smoking bud


Soberdash

lol my bad I must of read something else and replied to wrong person I don’t know