Re: DRILLING ?
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posted on
Oct 05, 2020 11:31PM
Combining Classic Mineral Exploration with State of the Art Technology
Costco selling ingots Silver and Gold!
However, the premium on those bars is a pretty high one, said experts in the field.
According to Costco's prices, reported on September 24, gold bars were sold at a 7% premium and silver at a 28% premium.
For example, the 100-gram gold bar at Costco was priced at £4,939.99 on September 24, which was about at a 7% premium when compared to the market price of that much gold at the time.
On that same day, a 50-gram gold bar was going for £2,442.99 at Costco, which was about a 6% premium and a 500-gram bar went for £24,549.99, which was at a 6.5% premium, the Daily Mail reported.
At the same time, a 1-kilogram silver bar was priced at £711.99, which had a mark-up of 28.3% at the time, according to reports.
When it comes to getting gold and silver bars from Costco, serious investors need to make sure they check prices at their local bullion dealers first, said Kitco Metals global trading director Peter Hug, noting that they are very likely to find a better deal there.
"The [Costco] mark-ups are going to reflect the fact that they are going through another dealer that marks it up. You will likely be paying a lot more than going directly to a dealer," Hug said on Monday.
Hug noted that dealers currently have a premium of about 3% on gold and 20% on silver.
We may be hearing of a GOLD STANDARD shortly,I HOPE. As the equation of valuation can almost eliminate the national debt. Think GOLD MINERS wont be the place to be, WATCHOUT they could excell and pass digital monies by vast numbers, hint Buffet,Gold is legal tender in like 26 US States. As well coins can be minted in silver which will drive silver valuation, Sky high. Trump will be back in to oval office stronger than ever and He we know favors the GOLD STANDARD. Banks called big numbers for gold ounces in 2021. Guu Day MATE!