I almost bought a gold bar, but ultimately didnt for this exact reason.

Oct 8, 2024
11:40:08am

MaximusMeridius Truly Addicted User

There's no way to sell it back without paying insane transaction fees.

At that point why not just invest in a gold stock

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MaximusMeridius

Previous username: Machiavelli
Bio page: MaximusMeridius
Joined: Nov 10, 2015
Last login: Dec 21, 2024
Total posts: 9,076 (28 FO)

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Messages

Author

Time

Ok so you buy a gold bar from Costco then what… stare at it then take it to a pawn shop to sell?

ToasterChive All-American

Oct 8, 11:15am

Turn it into gold leaf and pimp out your firearm collection

Jericho

Oct 8, 11:16am

Call around to local coin shops or do a private sell via classifieds

finnish_blue

Oct 8, 11:19am

“That’s like a dollar an hour!”

ToasterChive

Oct 8, 11:20am

Yeah, most precious metals collectors aren't going for short term holdings

finnish_blue

Oct 8, 11:23am

And the coin shop will just charge you a 10%-20% transaction fee, thats all!

MaximusMeridius

Oct 8, 11:53am

Melt it down and gold plate things around your house and also your teeth

BYUheaven

Oct 8, 11:21am

You clearly don’t understand the mindset of the precious metals investor.

Forbidden Fruit

Oct 8, 11:24am

Gold, cigs, and raw meat.

IdahoCoug

Oct 8, 11:26am

Tent Cities?

Jericho

Oct 8, 11:29am

My nuclear shelter…didn’t trust it. Got the heck out of dodge

Forbidden Fruit

Oct 8, 11:31am

RE: You clearly don’t understand the mindset of the precious metals

rainorsnow

Oct 8, 11:49am

Melt it down and form a replica of the gold plates as a conversation starter

wabluecoug

Oct 8, 11:24am

The old guy on the infomercial buys a Ferrari after you buy his gold bars.

SausageKing

Oct 8, 11:25am

When the economy goes to crap you sell it for pennies on the dollar for food

RC Vikings

Oct 8, 11:27am

I almost bought a gold bar, but ultimately didnt for this exact reason.

MaximusMeridius

Oct 8, 11:40am

I've purchased a number of gold coins and bars from Costco, just in the last 3

BYUFBDAD

Oct 8, 11:58am

Also, with Executive membership and using the Costco card, you get 4% back

BYUFBDAD

Oct 8, 12:07pm

You've never had satisfaction from watching your stocks go up??

MaximusMeridius

Oct 8, 12:17pm

that's not what I said. I said I've never had satisfaction making a purchase

BYUFBDAD

Oct 8, 12:27pm

Turns out I have poor reading skills 😬

MaximusMeridius

Oct 8, 12:33pm

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