Re: Gold yields per year since 1988
[Re: Marty]
#8123807
04/18/24 12:10 AM
04/18/24 12:10 AM
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Joined: Feb 2014
Posts: 13,191 Ky
jbyrd63
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Costco sold 200 million in gold bars to customers in the last 2 quarters and many tons of silver rounds..... Yes did you see the story? Unless gold goes up 20 percent they lost money. It can only be sold thru a gold broker and most charge 15-20 percent. So they got it in a safe Is it going to yield? Next year you open your safe and there is hundred dollar bill beside it
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Re: Gold yields per year since 1988
[Re: charles]
#8123808
04/18/24 12:11 AM
04/18/24 12:11 AM
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Joined: Jan 2014
Posts: 21,088 North East Kansas
Marty
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If it is worth more dollars it yields
E 'Honey Badger Militia' Sleep, the anti woke adote.
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Re: Gold yields per year since 1988
[Re: charles]
#8123810
04/18/24 12:27 AM
04/18/24 12:27 AM
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Joined: Feb 2014
Posts: 13,191 Ky
jbyrd63
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Ky
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Re: Gold yields per year since 1988
[Re: charles]
#8123811
04/18/24 12:38 AM
04/18/24 12:38 AM
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Joined: Jan 2014
Posts: 21,088 North East Kansas
Marty
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I only buy coins and unlike stocks I hold them.
E 'Honey Badger Militia' Sleep, the anti woke adote.
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Re: Gold yields per year since 1988
[Re: jbyrd63]
#8123817
04/18/24 01:59 AM
04/18/24 01:59 AM
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Joined: Jan 2008
Posts: 9,247 Alaska and Washington State
waggler
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Costco sold 200 million in gold bars to customers in the last 2 quarters and many tons of silver rounds..... Yes did you see the story? Unless gold goes up 20 percent they lost money. It can only be sold thru a gold broker and most charge 15-20 percent. So they got it in a safe Is it going to yield? Next year you open your safe and there is hundred dollar bill beside it Why do you say that it can only be sold through a gold broker? I've never heard of that. Most gold bullion coins (Maple Leafs, Krugerrands, US Mint gold coins, and recognized bars, etc.) can usually sold by the individual at the current spot price. The dealers make their money on the sale of those products, usually $50-$75 per one ounce coin.
"My life is better than your vacation"
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Re: Gold yields per year since 1988
[Re: charles]
#8123856
04/18/24 06:29 AM
04/18/24 06:29 AM
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Joined: May 2010
Posts: 10,515 MN
Steven 49er
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Costco is selling the 1 oz Pamp Suisse for about 2 percent over melt.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Gold yields per year since 1988
[Re: jbyrd63]
#8123887
04/18/24 07:39 AM
04/18/24 07:39 AM
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Joined: Dec 2006
Posts: 17,697 Rodney,Ohio
SNIPERBBB
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Broker part was on the National news talking about the gold bars from Costco. I’ll see if I can find the link Sure they were talking about paper gold? Coins are easier to use than a bar if we ever get to that point . I know some people that buy only antique coins because when they confiscated it during FDR, foreign coins and some others were exempted
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Re: Gold yields per year since 1988
[Re: jbyrd63]
#8123889
04/18/24 07:40 AM
04/18/24 07:40 AM
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Joined: Dec 2006
Posts: 17,697 Rodney,Ohio
SNIPERBBB
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Something else about physical gold if you keep it at home. It must be insured separately on your homeowners insurance just like jewelry and guns. Our company’s rate is 12 dollars per 1,000 dollars of coverage every six months. So at today’s prices not sure there will be a “yield” on Costco gold ..., Some are projecting gold to hit 3000
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Re: Gold yields per year since 1988
[Re: GROUSEWIT]
#8123936
04/18/24 08:35 AM
04/18/24 08:35 AM
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Joined: Dec 2006
Posts: 17,697 Rodney,Ohio
SNIPERBBB
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This is why I don't do gold! That's true if your you're trading gold as a commodity. If you're actually using it as currency, there won't be any fees . A scale might be brought out to make sure there wasn't any shaving and a quick check to make sure it's not painted lead ...
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Re: Gold yields per year since 1988
[Re: SNIPERBBB]
#8123952
04/18/24 09:01 AM
04/18/24 09:01 AM
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Joined: Mar 2010
Posts: 5,951 2A Sanctuaries-W. OK & N. NM
Blaine County
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Something else about physical gold if you keep it at home. It must be insured separately on your homeowners insurance just like jewelry and guns. Our company’s rate is 12 dollars per 1,000 dollars of coverage every six months. So at today’s prices not sure there will be a “yield” on Costco gold ..., Some are projecting gold to hit 3000 If gold goes to $3000/oz, I may be tempted to sell. My cost to acquire, on average, was significantly less. I would keep a small amount for SHTF and buy more land with the rest. I however know myself and this is unlikely--which is a problem with PMs. The attachment to PMs complicates it as an investment. I'm like Smaug the dragon from Lord of the Rings just laying on it. So it's therefore just an asset.
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Re: Gold yields per year since 1988
[Re: charles]
#8124179
04/18/24 02:42 PM
04/18/24 02:42 PM
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Joined: Feb 2014
Posts: 13,191 Ky
jbyrd63
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Ky
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IF YOU SOLD correct ? Why do you guys use the term yield was my first question. I paid 85,000 for my home in 1996. Last appraisal was north of 400,000. Think term is appreciation. Plus just like my gold coins. Unless I sell they don't add to my bank account. IN fact it takes more out in property taxes. Unlike a bond or CD that has a YEILD. More monies are added into the beginning amount. In fact I licensed my boat with the interest my CD yielded yesterday.
Just for fun go to one of the online brokers and fillout the form to sell gold. See what it cost to sell it and how long it will take. Better hope gold don't drop any or make you sick. Buying 10,000 dollars of gold or 10,000 in a CD . At the end of 6 months cash out on both. One of them is a losing investment. We know interest rates are not going down.
Last edited by jbyrd63; 04/18/24 02:47 PM.
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