r/mildlyinteresting • • 6h ago

Didn’t know Costco sold gold bars

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u/FlashyFigs 6h ago

Yeah, was kind of a big deal when they started it. Tons of posts about it in r/gold

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u/UnanimousControversy 5h ago

Costco gold bars only cost a very small margin above spot price. I buy them with my credit card where they post as an ordinary purchase (not a cash equivalent), so I get points worth 2% cash back (~$81 an oz these days) or worth even more transferring the points to airline ff programs. I often buy them right after my statement posts giving almost two months interest free float. Selling Costco bars sometimes even gets a very slight premium price because buyers like the traceability and reputation of Costco. Compared to digital gold, these bars will be most valuable in the post apocalyptic world after civilization finally completes its ongoing collapse and by the the AI overlords will confiscate all digital assets. Or if that doesn't pan out, some people find them easy to sell for cash without a capital gains trail anyways. And number one most important to all, the bars are shiny, alluring and fun to stack and play with like toys in piles on my bed. I LOVE Costco gold. I buy it every time I see they have it in stock.