Buying Gold or Silver at Costco? This Mistake Could Cost You Thousands!

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  • เผยแพร่เมื่อ 8 ม.ค. 2025

ความคิดเห็น • 48

  • @silver-en7kl
    @silver-en7kl 23 ชั่วโมงที่ผ่านมา +13

    Costco has very low premiums on their gold and silver. It’s not hard to check their prices and you get cash back for your purchases so it’s a no brainer. I prefer to buy from my local coin shop but Costco has good buying power and they pass the savings along. They just don’t have a lot of variety and they sell out quickly.

  • @saltydog1196
    @saltydog1196 23 ชั่วโมงที่ผ่านมา +7

    I bought 40 1oz bars today from Costco for $32 -5% discount. No sales tax in Oregon

  • @zacheryhardie9313
    @zacheryhardie9313 20 ชั่วโมงที่ผ่านมา +8

    Got a 10oz silver bar at Costco the other day in person that was cheaper than had I got it at SDBullion online with shipping cost. I used that as my gauge of it being a fair deal before buying.

    • @SmartSilverStacker
      @SmartSilverStacker  20 ชั่วโมงที่ผ่านมา +3

      Shipping from SD Bullion is free on orders over $199

    • @greensmash
      @greensmash 19 ชั่วโมงที่ผ่านมา

      Buying silver at Costco is just Feeding the China Giant rather than keeping the money local and building a relationship with you Local Coin Shop.

    • @Ihatezidiotz
      @Ihatezidiotz 19 ชั่วโมงที่ผ่านมา +1

      just buy more. i will never buy less than $199 from SD.

  • @justacinnamonbun8658
    @justacinnamonbun8658 22 ชั่วโมงที่ผ่านมา +5

    Here in NJ it's over $1000 is exempt from sales tax which is new for 2025, although when you read the actual bill it says bullion is exempt from the $1000 threshold whereas something more collectible like a numismatic is not but the definitions in the law are all messed up, you can tell it was written by someone that Googled the subject for 10 minutes. I noticed that online bullion dealers have different setups in their checkout systems, some charge tax, some don't, some will only charge tax on certain items. 🤦🏻‍♂️

    • @iannetta11
      @iannetta11 21 ชั่วโมงที่ผ่านมา +2

      I am in NJ. eBay, SD, DBS, Apmex, Liberty are all charging sales tax. I have read NJ public law 2024 chapter 64. My understanding is that bullion is not taxed at all and investment coins(precious or non-precious) valued $1,000+ are not taxed.

    • @justacinnamonbun8658
      @justacinnamonbun8658 20 ชั่วโมงที่ผ่านมา

      @@iannetta11 That is correct. Unfortunately the media didn't do their due diligence as per usual and the word is out it's $1000 threshold on ANY coin, round or bar which is not the case unless I'm reading the bill wrong.

  • @Gorbetron3000
    @Gorbetron3000 23 ชั่วโมงที่ผ่านมา +12

    If you find yourself in a coin store, in a red county of California, ask the store owner if he’s friend of the governor.
    When he says no, put the exact dollar amount for the desired item on the counter and request the item.
    He will put the item on the counter and take your money. You then take the item. No tax, no receipt, no questions.

    • @Ihatezidiotz
      @Ihatezidiotz 19 ชั่วโมงที่ผ่านมา

      LOL.. love this comment. especially from someone in commiefornia.. :)

  • @wasillastacker
    @wasillastacker 8 ชั่วโมงที่ผ่านมา

    With no local coin stores within 400 miles and no Costcos within a hundred miles. I've built my whole stack from a couple online bullion houses. 96% of which have come from SD bullion. I've placed an order every two weeks for 5 years straight now. Out of all those orders I have never even came close to having the need to call customer service. Never no surprises or disappointments.

  • @dupsguy
    @dupsguy 21 ชั่วโมงที่ผ่านมา +3

    No sales tax in Va. Plus less expensive than online sellers. Not to mention 4-5% back by using your Costco CITI card. It's actually a no-brainer. Buyer beware and know the rules for buying in your state but it's a fantastic deal.

  • @therealhawkeyeii7888
    @therealhawkeyeii7888 7 ชั่วโมงที่ผ่านมา

    Yes, a year or so ago, I tried to purchase bullion via eBay, and was careful to make the purchase exceed $500.00 so as to avoid the sales tax. Sales tax was still added on, however, so I cancelled the purchase and bought direct from the online bullion dealer instead.

  • @JosephShaffer-o1o
    @JosephShaffer-o1o 19 ชั่วโมงที่ผ่านมา +2

    Mass is $1,000.00 any thing over that is No sales Tax

  • @caryphillips4885
    @caryphillips4885 15 ชั่วโมงที่ผ่านมา +1

    You're welcome guys, the silver price went up because I sold some of mine :D

  • @ChristIsLord7
    @ChristIsLord7 13 ชั่วโมงที่ผ่านมา

    Costco has never charged me sales tax

  • @MYCOLLECTIONS-2024
    @MYCOLLECTIONS-2024 21 ชั่วโมงที่ผ่านมา

    I have bought 1 oz. Of American Buffalo, Diwali gold coin and bar and I have not paid any taxes on precious metals. Can wait for more purchases at COSTCO.

  • @johnnyb3126
    @johnnyb3126 23 ชั่วโมงที่ผ่านมา +4

    I would not buy metals from Costco ..

    • @TromboneMusicMS
      @TromboneMusicMS 23 ชั่วโมงที่ผ่านมา +3

      Why? Good ah pricing over there

    • @pqtpat7734
      @pqtpat7734 23 ชั่วโมงที่ผ่านมา

      Why?

    • @italiang8470
      @italiang8470 23 ชั่วโมงที่ผ่านมา +1

      Your loss

    • @TromboneMusicMS
      @TromboneMusicMS 23 ชั่วโมงที่ผ่านมา

      @@johnnyb3126 I got silver pamp buffalos at $28.80 an ounce two days ago from Costco

    • @chadsmith2281
      @chadsmith2281 23 ชั่วโมงที่ผ่านมา +2

      You know it's not fake and can return very easily. Why not if the price is good?

  • @ChristIsLord7
    @ChristIsLord7 13 ชั่วโมงที่ผ่านมา

    I bought my first bullion from Costco. Best prices and free shipping. But I get 4% cash back.

  • @SweetSilver805
    @SweetSilver805 23 ชั่วโมงที่ผ่านมา +1

    Hi Smart!

  • @iannetta11
    @iannetta11 22 ชั่วโมงที่ผ่านมา +1

    NJ ended sales tax on bullion starting January 1st 2025 via Public Law 2024 chapter 64. As of today, eBay and several bullion dealer websites are charging sales tax. HELP !!!!

  • @stephencox8921
    @stephencox8921 23 ชั่วโมงที่ผ่านมา +2

    Paper Trail anyone??

  • @SweetSilver805
    @SweetSilver805 23 ชั่วโมงที่ผ่านมา +1

    Cali is $2k it was previously $2500

  • @cherokeefit4248
    @cherokeefit4248 23 ชั่วโมงที่ผ่านมา

    I’ve been buying the 10 ounce $50 coin at the same price as the 10 ounce bar. They both come in custom capsules which usually come with a premium else where. It would suck to buy the 10 ounce coin at a higher premium.

  • @goosecouple
    @goosecouple 23 ชั่วโมงที่ผ่านมา +2

    "DEI store. Good luck !!"

    • @preeyakumari-i2q
      @preeyakumari-i2q 17 ชั่วโมงที่ผ่านมา

      What’s a DEI store ?

  • @lcflooring3887
    @lcflooring3887 23 ชั่วโมงที่ผ่านมา

    In ca its 2000. One oz. For a 10 0z bar of silver it adds 2.00 a oz right now

  • @leonidmakogon3673
    @leonidmakogon3673 8 ชั่วโมงที่ผ่านมา

    ВЫ НЕ ОТВЕТИЛИ МНЕ НА МОИ ВОПРОСЫ !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! - ДРУГОЕ - МЕНЯ НЕ ИНТЕРЕСУЕТ !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • @johnbethea4505
    @johnbethea4505 23 ชั่วโมงที่ผ่านมา +3

    I only buy from SD BULLION. I have bought over a thousand ozs of silver and i have never had a problem.

    • @douggodfrey6521
      @douggodfrey6521 22 ชั่วโมงที่ผ่านมา +1

      I did .

    • @SolemnStacker
      @SolemnStacker 19 ชั่วโมงที่ผ่านมา

      When I buy online I try to go to Bullion Dealers closer to my geographic location. I've experienced some shipping problems (loses) with shipments coming from OK, CA, NV, OR, WA the past 2 years. So I usually go to Monument Metals or Bullion Exchanges. Both lower priced than SD Bullion more often then not.

  • @Popnpoff
    @Popnpoff 19 ชั่วโมงที่ผ่านมา +1

    ✨️🇺🇸✌️

  • @ericchin79
    @ericchin79 22 ชั่วโมงที่ผ่านมา +1

    No need to say the word “video” ever when making a video. We know it’s a video …
    Ok ok fine if you are teaching people how to make or edit a video fine … otherwise… lol seriously funny.
    They are just the sponsor … they aren’t a video sponsor.
    I was watching spectacular channel …
    At this point in the video … lol silly
    We know what Costco is silly
    Halfway through … waiting for what I clicked to listen to ….
    When is it a good time to NOT pay attention when buying things we’ll ever?
    lol let me talk to your manager! This holds true when any sale goes wrong

    • @SmartSilverStacker
      @SmartSilverStacker  21 ชั่วโมงที่ผ่านมา +1

      No need to be a pedantic karen either, and yet here you are! Thanks for watching

  • @silversleuth007
    @silversleuth007 23 ชั่วโมงที่ผ่านมา +1

    Two different bar in stock my costco 2 hours ago.
    Pamp Gold 10z KOI FISH bar in pretty assay card... $2679.99---- Pamp silver 10 oz Lady of Liberty $319.99
    4% combined costo/citicard cash back.
    Hawai'i charges tax on anything and everything. No way to get around it.
    Even with the tax, it's very close to spot.

    • @rays3995
      @rays3995 3 ชั่วโมงที่ผ่านมา

      They love to put gold in assay cards because they get away with faking it