Very competitive price on gold coins @ Costco
They sell out very quickly, but I'm very glad I bought five of em.
Where do u find them? Website?
It's a banner on their main page, when they have inventory you'll see the banner. No sales tax, free shipping by UPS (with signature required).
Coin or bar? But why would you want to hold physical gold?
Both, 1 ounce a piece. I bought it for my grandkids who are in Canada, when they sell them in 20 years to help pay for college there is no capitol gains to be paid. The gold itself will grow in value, tax free.
Interesting take on taxes. But we are assuming the government won't change the rules.
Well, if they choose to change the taxation, it's a physical asset. I'm sure you can find someone to pay cash for it.
Why is this only "if they choose to change the taxation?" There's currently no legal way to avoid capital gains taxes on gold, right?
You do realize index funds have been on an unusual trajectory, I wouldn't blindly bet on em for 20 years. To further complicate things I'm in the U.S. and the grandkids are Canadian, money doesn't flow over the border all that easily. Also, I like physical assets that I own, be it gold or RE. In any event, it's a store of wealth and does not replace stocks/bonds/etc.
the tx costs are too high for me on physical gold. you instantly "lose" 5% of the value when you buy and sell it.
Are you their brand ambassador?
Hardly, thought I'd share some information others may find interesting/attractive. If that's not you then find something better to do.
Ok OP. Okay.
Do you have an alert or something for when they are selling?
Unfortunately, no. I check the site a couple of times a day. It's annoying, but they do sell out quickly.
Darn but also thank you! Haha
Great way to hit credit card spend limits too. Buy them at Costco then sell them
Yea this is the big plus. Since a couple years ago if you were to purchase on a bullion distributor website with a credit card, they consider it a cash advance which 1) insane interest rate 2)doesn’t count always towards minimum spend
Where do you sell them?
Gold is not taxed in Canada, when the time comes I'll give em to the kids and they can sell them @ fair market value. Only provision is the gold must be 99% pure.
Assuming the tax rules won't change for 20 years is an... interesting approach.
Features: 1 oz 999.9% Fine Gold Minted Coin Item is Non-Refundable Limit of 1 Transaction Per Membership, with a Maximum of 5 Units Item is Not Eligible for Price Adjustments
Are they Kirkland brand?
They sell different ones, I got the coins sourced from the Royal Canadian Mint. 99.9999% gold
what's the return policy?