Here's Why Costco's One-Ounce Gold Bars Sell Out Fast!

If you’ve been a “bad boy “they’re gonna take your gold and lock you up anyway. Don’t be so silly.

This is one of the weakest argument I have ever heard against bars. And talking about one ounce? not a kilo bar? or 10 ounce?

A bigger point is the size of the Costco gold bar. It is worth a lot of money, and it would be a shame to trade one of your 10 or 100 gold bars for some small but necessary transaction. Trading a gold bar for a few antibiotic pills might be a worthwhile trade in many circumstances, but if you had smaller coins or bars, you could make a more fair trade.

If you eat at Costco…well…surgeries are in your future (or recent past)😢

To say nothing of the fact that I could buy the same metal from a respected seller in my area for about $100 less per ounce. Also, I wouldn't be surprised if the governments were taking careful note of who is buying these to set the stage for gold confiscation 2.0

You want to know what makes something worthless when everyone else already has it that's the definition of inflation America is heading for another depression get ready for suicidal CEOs in the news

Bullets, lots of bullets. lol my ex gf and I broke up because she was trying to talk me into selling my bullets. She was like you don’t shoot much anymore, and I’m like nope.

Still I think gold coins overseas is the way to go. One you can’t take bullets overseas. You can get different sizes and values.

Gold bars come in ALL sizes, down to as small as 1 gram which is MUCH smaller than any coin. ANYBODY in the world that understands the value of gold also knows EXACTLY how much a gram is. Also bars can be purchased at about half the premium over spot that coins can. Gold coins also have actual dollar values stamped on them, so this crazy "intelligence officer trying to bribe your way out of jams overseas" scenario you talk about.... well if you think they going to value your gold more because it is in coins that they can wrap their head around, try explaining to them how your 1oz Gold Eagle is worth more than 20 times the $50 that is stamped on it. IF it was "coins" they valued just give them some old Ike dollar coins, MUCH larger and can get 2000 of them for the same price.

If things in the U.S. go haywire and banks are closed how would gold coins buy groceries or fuel? It would have to be very difficult times. Do you think silver is better for barter because of losing less ?

Gold bars are for Bob Menendez

This is some new BS

I never buy anything at Costco since... but Sam.

Why the 3/4 oz silver rather than a 1oz Maple or Eagle?

Took 10s into the Kabul airport for the same reason -- half as much as 20s. The COSTCO hotdogs and sundaes are also good but not so good for bribing.

You can buy one 1 oz gold bar for around $1970 right now , versus 10 x 1/10 oz coin for $2300 ! Unless you know a place where you can buy gold at spot price , it doesn’t seems right to me .

Goof ball... put your money in a ROTH... A crisis situation is a grown man who's room is decorated in early American Spy vs Spy...

You going to the farmers market for a dozen eggs you going to take gold coins? You need gold chain . Much easier to sew into a seam.

TLDW: "It's absolutely unimaginable to convert X[toz] bars to X[toz] coins. How would anyone possibly know how to convert rectangular gold into round gold? It's an absolutely intractable mathematical calculation on the bleeding edge of quantum field theory to figure out the conversion."

coins are fun and secure, and if you're a secret agent in foreign hostile country they're good, but we need trump back, and we wont feel so damn desperate for self protection. know your pistols regardless, but we need trump

makes sense lol, how else can we buy ammo if all hell breaks loose. and it seems things are breaking loose, credit cards dont work with lines down, banks and gas stations are empty for all intents and purposes when hell is breaking. some say end days are near. I say get a job!

Go ahead and buy all the gold you want
And you will lose every penny spent on them
The bible says in the end of days
People will be throwing their gold etc in the streets for a piece of bread !

Costco Gold sounds like a brand of instant Coffee🤣

Put it in a sock though, and it's an excellent self defence weapon 🤣

Thanks, good advice.
I buy 1/10 ounce gold coins and 1 ounce silver coins.
A friend was in the military during the war in Croatia. He would watch women buy bread using gold chains and cutting off links. I've given some thought in buying gold chains. You can also travel with jewelry without any hassle with customs.

I don’t disagree BUT to me the best gold and silver you can buy is what you can get at the best price. Obviously making extra sure it’s authentic. ✌🏻❤️🇺🇸

I hope the entities that determine the price of gold are still operating and I have access to their ticker during the scenario that causes me to barter with gold.

John Wick approves.

Even in the John Wick world, they use coins. Ya its a comic but based on what the writer knew.

coins are more expensive than bars. I'm not using gold to buy anything. That's what silver if for, currency.

Try to convert those bars back to cash .....there is a big fee by the gold buyer for that....I'd say have some gold and silver small coins....but don't tell anyone about them...

The government will confiscate it at the airport !

Stop Zooming In and Out when making a video.. I don't know what it is but I can't focus on your video with this terrible editing. It does Not add value to what you are saying and I had to stop watching. Love your Other videos.

CIAs friend is also BTC…

You can get bars (bullion) smaller than an ounce.
When you buy a coin with a pretty design you are paying more than the gold is worth alone. That might not translate into value later.

Cant see how you would go through any airport without arousing suspicion carrying gold or silver coins. Land borders maybe.

In my opinion, for the majority of people, silver coins are much more practical than gold coins. Gold at over $1900 an ounce is impractical to use in most situations, i.e. providing, food shelter or clothing, guns, ammunition, etc. Even a 1/4 ounce gold coin is valued around $475. It's highly unlikely the merchant from which you purchase your goods will be able to provide change in an acceptable form. Plus both of you would need to know the market value of several metals, currencies, commodities, etc.
It is my belief that the overwhelming majority of your listeners will never be in a position where they would need to bribe a public official, especially a foreign public official.
Also, since gold is so valuable, it's difficult to limit the amount of money you have with you.
Just two 1/4 ounce gold coins are worth $950--a great temptation to any thief or mugger.
Since silver coins are much less valuable, using them to complete almost all transactions is much more practical and safer.
I'm looking at the time which I believe is fast approaching, where currency and bank accounts continue to lose their value even when you don't use them.
Some other things I do in an effort to keep my financial situation private.
I strive to keep my finances (bank accounts, credit accounts, income, etc.) off the internet.
I do not make online purchases.
I use cash for the great majority of my purchases, especially any purchase which I do not wished to be tracked or become public knowledge,

and never forget guys with gold coins you can always get a room in the continental

If you're not on a mission why the hell would you go overseas?

These big retail outlets constantly have their servers hacked and all the private information of their customers end up online, like names, addresses, and your recent purchase of the shiny metals. Costco doesn't care if your personal info ends up online. So why even take the chance? Just buy it at a LCS with cash, totally anonymous.

Buy the brick and get the brick minted in to coins .... EASY.

Point of order, “one fourth?”, “one fourth?”, I think you’ll find we have a perfectly good term used in this case, that’s a quarter of an ounce. As you were, Goldmember.

HI JASON HANSON...
FINANCIAL ADVISER DAVE RAMSEY ADVISES AGAINST BUYING GOLD...

JUST FOR THE RECORD -- I'M NOT A FOREIGN OPPORATIVE...

I agree, coins are universally recognized especially when they're from 1 of the worlds top 3 mints. Another great video.

Great point Jason. The other advantages of silver/gold coins minted by a government is that these are legal tender as well and backed by the nation issueing them. Commemorative coins and gold bars may not be.

👍

🙏

🙏🤝🙏

🙏🇺🇲🙏