You may have heard recently Costco decided to start selling gold bars and coins. Here’s how you can get them at less than spot value.
Today I logged in to Costco.com. You can see here I can purchase these 1 oz Gold Bar PAMP Suisse Lady Fortuna’s for $2219.99. These same exact gold bars cost $2365.20 on Apmex.com
Now if we check the price of spot gold it’s $2219. Which is not chapter than the Costco.com price.
However, if you are an executive member at Costco you get 2% back on all purchases.
Then if you own a Costco Citi card. You get 2% back on Costco purchases.
This makes your effective cost the price – 4% or $2130.24. Which is $26 cheaper than spot gold. This would explain why they are sold out almost every time I go to Costco’s website. Which is why I wrote this script which automatically checks gold/silver links on Costco’s website and will let you know if it’s available.
So how do I use this code , because I can never find a Costco with gold bars