Will Costco Crush Bullion Dealers?
ฝัง
- เผยแพร่เมื่อ 17 ต.ค. 2024
- We look at whether or not my reporting on Costco bullion will affect dealers.
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You're a gentleman and a scholar..well put !
Buy the gold at costco
With a money back credit card
And get more money back
Lol game the system
always out of stock... price isn't better than some of the better online dealers (not the well well known ones) . They charge tax... so I don't see me ever buying from them.
Nope. Profit margins are too slim on metals. There will be a majority who will always pay some sort of premium to lcs.
No small business is safe
Excellent shit
Enjoyable video 👍🔥
Much of the time, the more awareness the better!
Great video 👍
Cheers City Stacker🥃
If the big players go after the coin market, they'll crush the LCS's. But that will take a long time to happen.
Coin shops want to give you spot or less to buy. And charge 20-50% premiums when selling. Sorry but if you can’t get better as a coin shop you don’t deserve to stay in business. You were happy to charge insane premiums when you could. You were happy to give nothing when people sold. You didn’t foster loyal customers.
Coin shops need to adapt to survive. I hope they do.
100% agree. Especially when spot hits record highs and they still want a high premium on top of it. If you can get 1oz gold for under 2000 dollars each from a bullion distributor when "spot price" is 2050 and they still make a profit, and they wanna charge a consumer 2150+ that's robbery.
Capitalism at its finest
My LCS only offers 90% of spot. 🤣
Yeah… no thanks. I sell online.
@@RenegadeBastard On junk silver and generic rounds, that's a fair deal. Shops have a lot of overhead. They pay school taxes. They're not all bad.
no since they cap what you can buy and limit to 1 transaction per member.
Taxes and potential tracking.
I don't know what Costco's deal is. I buy gold via Bullion Vault, with a 4% commission.
Good mention..I'll check them out.
I need a Costco alert. By the time I hear they have gold for sale, it's already sold out. I save up $ in my checking account until I have $1K to spare, then buy at the spot rate via Bullion Vault. They charge a reasonable amount to store it for me,
@@Metal_seerSo MR ATL is thinking of costco bullion now eh
Thanks for displaying a business acumen. Kepp me informed.i want the best bang for my FIAT.