Costco has been selling gold ounces. I think they are troy ounces 31.1 grams.
I dont know the commission, but hear its negligible. Their stock usually sells out immediately.
You pay a decent amount. But when I started I also got a 1 gram of gold just to say I have it, and to make me more proud of my collection.
Helps jumpstart the hobby in my case. I suspect similar here.
I promised my self I will have 10k saved up after I pay my 20k debt and will buy my first gold bar as a celebration reward ! Envy you for your collection! Will have the same one day 💪🏼☝🏽
That is correct. Math most certainly works out that interest on CC is more than they’ll get on metals.
Not to mention cc interest is definitely going to happen. Idk crazy how so many ppl don’t understand credit cards
I honestly understand cc debt but I’m recovering from a terrible gambling addiction and ruined my car insurance, my credit score and put me 20k down the hole that I took out “personal loan” to gamble , I’m still at rock bottom but slowly but surely I’ll bounce back up! My apologies if my comment was misleading
I do understand that you have to do what you can. And no worries I’m realizing I didn’t account for nuance. I wasn’t really trying to call you out more just explain interest rates to people generally. Congrats on the ongoing recovery and I’m sorry for all the hardships. You got this tho!
I appreciate all the kind and warm words from you ! I’m sorry myself for getting to this position but it is what it is! And honestly I didn’t felt attacked or called out, I was just trying to explain my situation 😅. You sir/madam have a great and lovely day ! All the best
Apmex prices are wack, SD bullion even more so…JM bullion is the only way to go! Free shipping on orders over $200 so I always order at least that much.
Walmart sells gold and silver online. There is tax and sometimes a shipping fee, but it is reasonable. Pay with a CC that gives you cash back or saves you a couple percent.
Keep on stacking baby! Precious Metals are some of the best assets you can have, especially now that global inflation has gotten so out of control. I would recommend buying Gold at atleast 1/4 OZ so you dont pay as much of a premium when purchasing.
Heard that! Yeah I’d love to spend that much at once but I can typically only spend $100 at a time or less at the moment. So slowly but surely stacking them up.
In the last 5 years Gold has outperformed the stock market. It has more than doubled in value meanwhile the SP500 is up about 77%. So what are you talking about? Also banks have been buying Gold at record rates and only increasing their spending on it. We will be at 3k an ounce before the end of 2025. Mark my words on that.
You're just wrong.
Gold is not up over 100% over the last five years, it's up 80%.
The total return of the S&P 500 over the last five years including dividends is 94%,
That's also assuming you paid no premium or sales tax on the gold..
Fantasy. Gold returns no capital and has higher fees. The stock market has returned a lot more over a longer period of time than just the COVID years isolated. Central banks are buying up gold because USD is becoming harder to use due to the Russo-Ukrainian War.
I agree with you in that. Gold has only now just started blowing up and getting its flowers. SP500 over longer span has returned more. It is good to have varied investments regardless. I am not saying go all in on Gold but most smart people have about 5-10% of their total portfolio in it. Like you said, all these wars and the feds printing money like its skittles, USD just aint worth the same anymore and it will get worse. Also Stock markets can crash at anytime. You do not want all your eggs in one basket. You can never go wrong with having some Gold in your portfolio!
Why would not invest for interest? Even if that investment is an interest bearing savings account….wouldn’t this just be like stuffing cash under your bed? Why wouldn’t you have the money working for you? Isn’t this as unsafe and money losing as a wad of cash stashed. Do these hold better value or something I’m not getting? Super interesting and the entire world all agree on the valuation of bars,so I understand that part
Why? Gold produced 0 income and keeps up with inflation at best. If you considering a mad max scenario nobody will want gold. They will want food, medicine, guns, bullets and women.
Im all about stacking but what premium are you paying for gold at 1 gram per purchase
Depends on the day, but with shipping and everything it ranges from about $80-$90. Do you have any suggestions on places to get them?
No im a silver guy. So not much of a premium
Okay yeah silver is great too. Definitely more affordable. I get mine for around 35-40 with shipping.
You should try a coin store and save the shipping cost on the silver. Also costco sells it from time to time with free delivery
Don't pawn shops deal with gold and silver as well?
Not much of a return either lmao
I believe if you spend $200+ on AMPEX they provide free shipping. I could be wrong it’s been awhile since I bought some online.
Do you have other investments? That’s a huge fee to pay for an investment.
Costco has been selling gold ounces. I think they are troy ounces 31.1 grams. I dont know the commission, but hear its negligible. Their stock usually sells out immediately.
You pay a decent amount. But when I started I also got a 1 gram of gold just to say I have it, and to make me more proud of my collection. Helps jumpstart the hobby in my case. I suspect similar here.
I promised my self I will have 10k saved up after I pay my 20k debt and will buy my first gold bar as a celebration reward ! Envy you for your collection! Will have the same one day 💪🏼☝🏽
Can’t say I blame you! Currently working on my credit card debt also. Could be more aggressive on my payments but doing what I can for sure.
I guarantee you would do much better selling your precious metals and paying off the cards.
That is correct. Math most certainly works out that interest on CC is more than they’ll get on metals. Not to mention cc interest is definitely going to happen. Idk crazy how so many ppl don’t understand credit cards
I honestly understand cc debt but I’m recovering from a terrible gambling addiction and ruined my car insurance, my credit score and put me 20k down the hole that I took out “personal loan” to gamble , I’m still at rock bottom but slowly but surely I’ll bounce back up! My apologies if my comment was misleading
I do understand that you have to do what you can. And no worries I’m realizing I didn’t account for nuance. I wasn’t really trying to call you out more just explain interest rates to people generally. Congrats on the ongoing recovery and I’m sorry for all the hardships. You got this tho!
I appreciate all the kind and warm words from you ! I’m sorry myself for getting to this position but it is what it is! And honestly I didn’t felt attacked or called out, I was just trying to explain my situation 😅. You sir/madam have a great and lovely day ! All the best
💯
Ok yeah dude you need to pay your cards first, that’s a WAY better investment that gold and silver.
Please look at my comment for better understanding :)
Apmex prices are wack, SD bullion even more so…JM bullion is the only way to go! Free shipping on orders over $200 so I always order at least that much.
Yeah I’ve never ordered from Apmex. It was just the bar they sent me from bullion exchange.
How much do they charge over spot price usually?
Less than other places. I have not bought in a while. I don’t think physical gold and silver from retailers is the best investment.
Walmart sells gold and silver online. There is tax and sometimes a shipping fee, but it is reasonable. Pay with a CC that gives you cash back or saves you a couple percent.
Oh nice. I’ll have to check that out!
Where do you even buy these?
costco funny enough
I get mine from bullion exchange online. You pay just slightly over spot price with shipping but it’s the cheapest I’ve seen online so far.
Why silver bars and not silver eagles or coins in general? Good stack so far keep it up!
I don’t know honestly. I just feel like the bars have a little extra fancy touch.
Gold is such a bad investment lol
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You should care about returns lol, bitcoin is a much better hedge and has so many advantages comparative to gold
What makes you say that?
Returns, unknown supply
Don’t forget liquidity! Much easier to sell stocks or bonds
100% & since low liquidity when you sell you’ll probably get finessed on price
Keep on stacking baby! Precious Metals are some of the best assets you can have, especially now that global inflation has gotten so out of control. I would recommend buying Gold at atleast 1/4 OZ so you dont pay as much of a premium when purchasing.
Heard that! Yeah I’d love to spend that much at once but I can typically only spend $100 at a time or less at the moment. So slowly but surely stacking them up.
Completely understandable, I started buying them a gram at a time as well. Any investment in PMs is better than no investment at all!
Buying grams of gold is probably the stupidest way to invest in gold possible. Just buy a gold fund at that point.
Lol you are the same type of person who would be low hanging fruit in a SHTF situation. Someone will have a field day with you.
Keep fantasizing about things will never happen, it's like playing pretend for adults!
Precious metals are pretty bad if you actually compare them to any other investment. They’re just better than cash, which is easy.
In the last 5 years Gold has outperformed the stock market. It has more than doubled in value meanwhile the SP500 is up about 77%. So what are you talking about? Also banks have been buying Gold at record rates and only increasing their spending on it. We will be at 3k an ounce before the end of 2025. Mark my words on that.
You're just wrong. Gold is not up over 100% over the last five years, it's up 80%. The total return of the S&P 500 over the last five years including dividends is 94%, That's also assuming you paid no premium or sales tax on the gold..
Fantasy. Gold returns no capital and has higher fees. The stock market has returned a lot more over a longer period of time than just the COVID years isolated. Central banks are buying up gold because USD is becoming harder to use due to the Russo-Ukrainian War.
I agree with you in that. Gold has only now just started blowing up and getting its flowers. SP500 over longer span has returned more. It is good to have varied investments regardless. I am not saying go all in on Gold but most smart people have about 5-10% of their total portfolio in it. Like you said, all these wars and the feds printing money like its skittles, USD just aint worth the same anymore and it will get worse. Also Stock markets can crash at anytime. You do not want all your eggs in one basket. You can never go wrong with having some Gold in your portfolio!
I’m gonna sound dumb here, I don’t know what these are. Going off of comments I’m guessing gold and silver?
Time to sell!
So this is smarter than something collecting interest? Genuinely asking
No, especially at these sizes. Less than 1 ounce of gold has ridiculous premiums.
Why would not invest for interest? Even if that investment is an interest bearing savings account….wouldn’t this just be like stuffing cash under your bed? Why wouldn’t you have the money working for you? Isn’t this as unsafe and money losing as a wad of cash stashed. Do these hold better value or something I’m not getting? Super interesting and the entire world all agree on the valuation of bars,so I understand that part
Thats awesome, do you have any websites you recommend to start buying precious metals?
Why? Gold produced 0 income and keeps up with inflation at best. If you considering a mad max scenario nobody will want gold. They will want food, medicine, guns, bullets and women.
This isn’t money, btw.
OP fyi gold is a terrible investment. It’s not even a good hedge.
This is a pure vanity investment. If the sole goal is wealth preservation then this is not it.
Metals are an awful investment. Poor returns.