Costco Says It’s Sold Over $100 Million in Gold Bars

Interesting. The liquidity issue itself (not to mention storage and concerns of theft or loss) is enough to offset 1% discount. I don't get the interest. Do people not understand you can easily get the same exposure via financial markets for less risk and with full liquidity? Cool article, thanks for posting.
 
i always have questions about the gold bars sold in Walmart and Costco alike, not sure they are real or just 14k.
 
mervyn said:
i always have questions about the gold bars sold in Walmart and Costco alike, not sure they are real or just 14k.
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Just take a cc-gradated cylinder with you to the gold shop with some water and measure the way you learned in school, comparing it's mass to it's water displacement. 19.3 is the magic number.
 
Just take a cc-gradated cylinder with you to the gold shop with some water and measure the way you learned in school, comparing it's mass to it's water displacement. 19.3 is the magic number.
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How is that possible, the gold is sold via an online shop?
You can't walk into a Walmart store and buy gold bars.
 
Yes mervyn, they sell through an ONLINE shop

EDIT: Most likely those who purchase online are
doing so for money laundering activities.
Since there's no way in hell Walmart would give
a better price than a local dealer.
 
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