Think Costco’s Gold Bars Are Overpriced? At Least You Can Carry Them Out Of The Store

It seems to be an easier purchase than at the LBMA or the Comex...

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)

It seems to be an easier purchase than at the LBMA or the Comex.

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Bulk-buy Retailer Costco Starts Selling Gold Worth Up to L24,500

By Dan Atkinson
Daily Mail, London
Saturday, October 3, 1010

It’s not an item likely to be on the weekly shopping lists of many households — but one supermarket giant has started selling gold bullion alongside its everyday groceries.

Bulk-buy specialist Costco, normally known for its “pile-’em-high, sell-’em-cheap” philosophy, is now offering bars of the precious metal for up to L24,500 each.

But experts last night warned shoppers they could be getting a poor deal, particularly after violent swings in the gold market this year.

While the company’s markup on gold is up to 7 percent on the market rate, it is also selling silver bars at a whopping 28 percent premium. …

… For the remainder of the report:

https://www.dailymail.co.uk/news/article-8802641/Bulk-buy-retailer-Costc…

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Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 14-17, 2020

https://neworleansconference.com/wp-content/uploads/2020/09/NOICChrisPow…

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Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA’s recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here’s what the bottles look like:

http://www.gata.org/files/GATA-4-wine-bottles.jpg

Buyers can compose their case by choosing as many as four varietals from the list here:

http://www.gata.org/files/FayJWineryVarietals.jpg

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at [email protected].

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Support GATA by purchasing
Stuart Englert’s “Rigged”

“Rigged” is a concise explanation of government’s currency market rigging policy and extensively credits GATA’s work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon —

https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651…

— or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at [email protected].

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Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16