Seems like I am not the only one thinking about this since I am seeing 2 of the 3 gold products out of stock.
Right now, in canada at least, you can buy a gold coin for $2,839.99 at costco and sell it at a local coin shop for $2,862.70 making a quick $22 profit…
Now this is before getting back a maximum 4% cash back. So lets do some math, 4% of $2,839.99 is $113.60… so in theory, you are buying your gold for $2,726.39 and can sell it for $2862.70 making a $136.31 profit PER coin with a max $272.62 profit per week since Costco only lets you buy 2 gold products at a time but right now only 1 is in stock only anyways so its not like this opportunity is going to last forever.
Everyday I check to see if costco has updated their prices but nope, not yet..
They used to let you buy 2 of each gold products but now apparently it’s 2 gold products in total.
Now this is kinda risky, what if you buy gold now, and the price dumps before they can ship it to you and before you can go to the store and sell it.
But if costco’s price stays the same and if the price of gold continues to run up then I imagine I am not the only person noticing this hence why all the out of stock alerts going off.
But I have noticed they keep adding stock but quickly go back out of stock so seems like maybe people are farming accounts or there are a lot of gold bugs up here who not only see a great opportunity but also pull he trigger.