Did you know you can buy gold at Costco? It's true. Costco began selling one-ounce gold bars last year and now members of the warehouse club can purchase silver coins as well.
For the silver coins, members have two options: A 20-count of American Eagle Silver coins for $569.99 or a 25-count of Canada Maple Leaf Silver coins for $679.99. Both sets contain one troy ounce coins. They are available online with a limit of five units per member and are not eligible to be returned or refunded.
For the gold bars, there are also two options — PAMP Suisse Lady Fortuna Veriscan and Rand Refinery — but both are currently sold out so no pricing information is available. Both varieties are one troy ounce and made of 24-karat gold. They previously were priced at about $2,069.99 when gold’s spot price was about $2,033.
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The gold bars, when available again, can only be purchased online with a limit of two per member and are not eligible to be returned or refunded.
Costco ships the gold bars and silver coins via UPS insured shipping and a signature is required on delivery.
Membership price hikes coming?
A Costco membership price hike may also be on the horizon soon.
When Costco CFO Richard Galanti was asked about this last year during earnings calls, he said it was “a question of when, not if."
One way to save, however, is by taking advantage of online marketplace Stack Social's one-year Costco membership offer.
- Gold Star Membership: With this plan, you’ll need to pay Costco's $60 per year regular fee but you'll receive a $20 digital Costco Shop Card by email.
- Executive Gold Star Membership: Under this offer, you’ll pay Costco's $120 per year regular fee but receive a $40 digital Costco Shop Card by email.
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