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GOLD RUSH: Costco Sells A Whopping $200 Million in Gold Bars Monthly
Buying gold has long been a way to hedge your dollars against inflation‚ and many during these currently uncertain financial times have been investing in gold as a means of saving for the future.But it may surprise you to learn that retail giant Costco is one of the leading sources of gold people are now investing in.It has been reported that Costco sells up to $200 million in gold bars every month‚according to an estimate by Wells Fargo.By the way‚ keep reading and I can get you connected with someone who has MUCH BETTER prices than Costco for gold and silverPAMP It: Costco Selling Up To $200 Million In Gold Bars Per Month‚ Wells Fargo Estimates https://t.co/Ilq47tSTnc zerohedge (@zerohedge) April 9‚ 2024The PAMP Suisse Fortuna series Costco sells are 1 troy ounce and are 24 karats.These gold bars are available to Costco members only‚ and customers are limited to buying 5 total units.People interested in diversifying their assets are excited to hear the news.Gold coins at Costco is the new Bitcoin Reminiscences of an American Capitalist (@4Awesometweet) April 9‚ 2024Gold Rush at Costco! Ron Jones (@ronjonesnews) April 9‚ 2024The popularity of these gold bars may have something to do with the fact that Costco reportedly sells them for approximately 2% above the spot price.With a mere 2% above spot no wonder they sell out. Most places are ~5%. Sea of Rust (@OldBrokeDroid) April 9‚ 2024With the executive membership and 2% cash back I ended up getting it cheaper than spot Ok (@Ok31522) April 9‚ 2024Apparently‚ Costco is also selling 1oz silver coins now.They also sell silver on 20oz increments Keijo Karpo (@KarpoKeijo) April 9‚ 2024They sell silver now too! pic.twitter.com/N347joHE1q Justin Strange (@JustinLStrange) April 9‚ 2024Is Costco‚ of all places‚ influencing how people think about the American monetary system?Lot of normal people I run into are starting to know about and talk about #Gold and #SilverHard to deny the role of Costco https://t.co/iQrR3hJNe7 Weimar Silver Baron (@BankerWeimar) April 9‚ 2024CNBCreported on Costcos recent success selling gold:In fact‚ sales are so brisk that analysts atWells Fargoexpect revenue may now be running at $100 million to $200 million a month‚ a rapid acceleration since bullion hit the warehouse club late in the summer of 2023.Our work suggests there has been significant interest given COSTs aggressive pricing and high level of customer trust‚ Edward Kelly‚ an equity analyst at the bank‚ said in a note to clients Tuesday. The accelerating frequency of Reddit posts‚ quick on-line sell-outs of product‚ and COSTs robust monthly eComm sales suggests a sharp uptick in momentum since the launch.If Kellys assessment is correct‚ that would represent quite a move for a product that onlydebuted last Augustand generated about$100 million in salesin Costcos fiscal first quarter that ended in late November 2023.Costco is selling 1-ounce bars made of nearly pure 24-karat gold. While the price is not disclosed online to nonmembers‚ its estimated that the product generally sells for about 2% above the spot price‚ which as of Tuesday morning was around $2‚357 an ounce. That would put the price at Costco just more than $2‚400.Ok‚ now the big question.So‚ what can YOU do to protect yourself?To protect your family?To stay safe?Simple: you need to get some #Gold or #Silver in your own possession.Its called physical gold and silver.Not paper traded garbage on the stock exchanges that isnt backed by anything.Dont touch that stuff.I have two special hook-ups for you.Both involve PHYSICAL gold and silver.Because if you do NOTHING else‚ make sure you own physical gold and silver‚ not paper contracts.The paper contracts (like stock ticker SLV and GLD) could very well go POOF one day and disappear or go to zero‚ because theyre not actually backed by the gold and silver they claim to represent.Its a massive game of musical chairs out there and when the music stops (and I think it will stop soon) people who only own paper might find themselves owning something not worth the paper its literally written on.And I know youll never forget it if I give you this GIF so.Lets Get Physical:NowWHERE do you get physical gold and silver and how do you know its real and safe?And that youre getting the best price?Oh‚ and how about personal one-on-one real customer service?You know‚ like you were some Big Wig millionaire at Goldman Sachs who could just call their personal banker and get help?Thats what Im about to tell you.I have two killer connections for youThe first is for purchasing gold and silver bullion.That means bulk bars.Thats the cheapest and most economical way to do it‚ to stretch your dollar into as much gold and silver as possible.The website is called WLT Precious Metals and when you see my logo in the top left-hand corner‚ youll know youre in the right place.Youll get a personal phone call with Ira Bershatsky (or someone on his team) and they will work with you free of charge for as long as needed to answer any questions you have and get you taken care of.How about that!You dont see that much anymore‚ but Ira and his team pride themselves on good old-fashioned real customers service:No sales pitch‚ just real‚ actual help.And the best prices you will find.Heres the only disclaimer I will give you: because they do pride themselves on dedicated service‚ it might take a few days before you get a phone call back. Just be patient.Good things come to those who wait!You can contact Ira and WLT Precious Metals here.Ok‚ that was #1.Now I want to tell you about option #2.An equally great company‚ I am so happy to be working with these guys.This next company is called Genesis Gold and this is for people who want to purchase real physical gold or silver in their IRAs (Investment Retirement Accounts).You know what the beauty of that is?TAX FREE baby!Im not a tax advisor‚ but thats a general oversimplification.Never pay more taxes than you are legally required to pay.And thats why I love getting gold and silver in my IRA (and why I hold a large chunk in an IRA myself!).Theres so much to love about Genesis Gold‚ starting with the fact they are proudly and un-ashamedly Christina!They call it Faith-Driven Stewardship and they put it right on the homepage of their website along with a quote from Ezekiel:Wealth Preservation With Gold &;amp; Silver The Genesis Gold IRABy your wisdom and your understanding you have made wealth for yourself‚ and have gathered Gold and Silver into your treasuries EZEKIEL 28:4Genesis Gold Group believes the Bible gives clues on how man-made currencies (paper money) represent instability‚ and a lack of virtue and encourages living wastefully in excess.Conflicts have beleaguered us since the dawn of civilization‚ and they can all be encapsulated into one battle. The battle is between currency‚ man-made paper‚ and gold and silver the two precious metals found in our Earths crust‚ sent to us by our Lord to use as money. Man-made currency always leads nations down the path to increased war‚ greed‚ and ultimate collapse. History has shown that abandoning gold and silver has always been a bad idea. Gold and Silver enforce discipline‚ nurture self-constraint‚ self-reliance‚ and balance‚ and lead to confidence‚ a restrained government‚ and a more stable foreign policy.Genesis Gold Group believes in empowering faith-driven stewardship with Gold &;amp; Silver are an integral part of a balanced portfolio. Protecting your finances with precious metals has never been more crucial during these trying times.With a combined 50-plus years in the precious metals industry‚ let your Genesis gold and silver experts guide you through the simplicity of asset protection and growth with our Genesis Gold IRA.Sincerely‚Genesis Gold GroupEmpowering Faith-Driven StewardshipOh.and theyre VERY good at what they do.You also get physical gold and silver with Genesis‚ believe it or not! The gold and silver is purchased for you (in whatever combination of coins and bars you prefer‚ a picture taken and sent to you‚ and then stored safely in a vault for you!I love what these guys are doing.Heres more on why gold and silver in your IRA are so powerful:You can contact Genesis Gold here.They are also very backed up with record demand‚ so you may have to wait a bit‚ but someone WILL get in touch with you for personal customer service and assistance!Tell em Noah sent ya!Oh‚ and did you know Genesis is recommended by SUPERMAN himself?Its true.Superman himself‚ Clark Kent Dean Cain came on my show a few weeks ago and we broke it all down:Watch here:Stay safe!Make sure you can weather the storm when it hits!Because the storm always hits eventually‚ doesnt it?As for me and my house‚ we will be ready.