I returned to Costco for Silver Bars and THIS happened!

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  • Опубліковано 5 тра 2024
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    34656
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КОМЕНТАРІ • 1,1 тис.

  • @dingotopruc9642
    @dingotopruc9642 Місяць тому +124

    I bought silver bars and rounds from Costco in Canada. Paid on their website with my credit card, free two day delivery. They offer gold one oz bars and coins, all from the Canadian mint. No purchase tax.

    • @TechieTard
      @TechieTard Місяць тому +10

      You had me at no purchase tax!

    • @Thanos88888
      @Thanos88888 Місяць тому +17

      @@TechieTard in Canada, all bullion is tax free because it's considered cash.

    • @martymiller9802
      @martymiller9802 Місяць тому +4

      Does SAM’s Club have these?

    • @babbybailey2534
      @babbybailey2534 Місяць тому +1

      Hey, thanks for heads up. I was wondering if Canadian Costco's had them. Great!

    • @gallardo360
      @gallardo360 Місяць тому +8

      my grandfather owns a pawn shop. he has over 300lbs of scrap gold and more in silver scrap in 5gl buckets

  • @hardattackdj
    @hardattackdj Місяць тому +43

    As a Costco employee, there is another way to void the tax on the item. It’s not complicated, but doing the transaction on its own is easier to see everything going on.
    Also, the 5 limit is per visit. It’s to allow other members the opportunity to purchase them

  • @danmichans
    @danmichans Місяць тому +90

    Texas does not tax the sale of silver bullion, as well as other precious metals like gold and platinum, beginning October 1, 2013. This includes bullion coins, bars, and rounds, as well as rare numismatic coins.

    • @tutnetam
      @tutnetam Місяць тому +2

      Thanks bro! This info I was looking for 🙏🙏🙏❤️🇷🇺❤️ love from Dallas!

    • @frankventrella8558
      @frankventrella8558 Місяць тому +4

      NY recently started taxing all metals, coins, old currency. But bullion over an ounce is tax exempt. But you have to ask the dealer eg apmex, ebay for a reimbursement. I am going to start next week.

    • @vincea2996
      @vincea2996 Місяць тому +7

      @@frankventrella8558 ny lmao, that state has become the joke of America right next to California

    • @sunso1991
      @sunso1991 25 днів тому +2

      Maryland charge 6% on metal
      it ps me the f off so much

    • @tktimber418
      @tktimber418 19 днів тому

      @@sunso1991 go to Pennsylvania or West Virginia or Virginia. Maryland is close to all those states.

  • @UKDark_Mark
    @UKDark_Mark Місяць тому +156

    $289 with 5% cash back? That is definitely a bargain…… I love the thought of cash back on bullion 👍

    • @dentontxflatearthguy2903
      @dentontxflatearthguy2903 Місяць тому +13

      Right? with him catching the tax issue, it means he saved $174.00 on the 5 bars. Not bad at all.

    • @terosma
      @terosma Місяць тому +12

      I believe it is 4% cash back in total, 2% from Executive Member and 2% from Costco Citi credit card, unless using some other visa with better cash back

    • @abraham3981
      @abraham3981 Місяць тому +7

      Too bad I cannot do that in California without the Taxes negating the cashback

    • @bigbaddms
      @bigbaddms Місяць тому

      @@abraham3981there’s no tax in CA if you spend more than $2000

    • @onetruepatriot6718
      @onetruepatriot6718 Місяць тому +6

      APMEX Bullion card, gives you cash back for buying bullion.

  • @ChrisWasherPhotos
    @ChrisWasherPhotos Місяць тому +70

    At my Costco the "manager" said gold and silver is too popular, so they don't carry them. The associate and manager did not see any irony in this.

    • @edb3877
      @edb3877 Місяць тому +3

      I would have asked that manager, "How come? Makes Costco too much money?". lol

    • @rickreese5794
      @rickreese5794 Місяць тому +2

      Another shmart mgr ?🥵🤔🥵🤪

    • @TexCen
      @TexCen Місяць тому +2

      Costco is actually REALLY good at listening to customer feedback. See if you can't find who the GM for your store(s) are and contact them. I would be more surprised than not if they don't start stocking it - asst. mgr's POV be damned.

    • @josephhodges9819
      @josephhodges9819 Місяць тому +3

      If they are not making enough of a profit on each one, then the advanced security and the process of ordering them might not be worth it. On each bar they are probably making only $1-$2 because people are not going to pay $10 over spot when it is easy enough to get them off JD Bullion and other only shops.

    • @edpodbielski469
      @edpodbielski469 Місяць тому +3

      LOL. You'd think they like the extra sales!

  • @foodini666
    @foodini666 Місяць тому +96

    Wisconsin just waived all tax on silver/gold no lower limit as of march this year. Its nice.

    • @rudypoo4370
      @rudypoo4370 Місяць тому +4

      Illinois has no tax on bullion, Wisconsin has to "compete" for those crossing the boarder to buy in Illinois.

    • @0004612
      @0004612 Місяць тому +4

      Now Minnesota needs to fix this issue. They tax anything considered legal tender. No tax on bullion bars or rounds.

    • @drewmcclintock7034
      @drewmcclintock7034 Місяць тому +2

      @@rudypoo4370 border*. NOT boarder. a boarder is one who boards people.

    • @rudypoo4370
      @rudypoo4370 Місяць тому

      @@drewmcclintock7034 right. 😉 Miners, not minors

    • @funnyfarm5555
      @funnyfarm5555 Місяць тому

      @@drewmcclintock7034 Last time I checked UA-cam was not a spelling class. Sometimes autocorrect on some cell phones changes the spelling when a person presses send and they never get to see what changed.

  • @joeknipp6698
    @joeknipp6698 Місяць тому +137

    Speg, as I mentioned in your first Costco video.... Costco is violating the law by charging tax on the bullion (on purchases over $500). It makes no sense for Costco to rely on the knowledge of the checkout clerk to make it tax-free... this HAS to be done by the computer at checkout. How many people were outright cheated by Costco because they were incorrectly charged tax on their purchase ? This is a class action lawsuit just waiting to get started. Contact your state tax authority and let them know what's going on.... or get a lawyer to explore initiating a class action lawsuit. This "accidental" taxing of bullion must not be ignored.

    • @Spegtacular
      @Spegtacular  Місяць тому +20

      So contact someone Joe. Be the kindle.

    • @joeknipp6698
      @joeknipp6698 Місяць тому +17

      @@Spegtacular If I lived in Florida... and I had been wrongly charged tax TWICE... you bet I would ! But this happened to you, not to me. Most lawyers will give you a free consultation to discuss the case... you've got nothing to lose, and a lot to gain (for other Florida residents who buy bullion from Costco).

    • @TheDirtymikenation
      @TheDirtymikenation Місяць тому +6

      @@joeknipp6698 he obviously has more money then enough to not care about recouping the tax

    • @Spegtacular
      @Spegtacular  Місяць тому +18

      I fixed the issue and no harm came to me. Someone who was wronged and no fix occurred needs to step forward.

    • @greg7129
      @greg7129 Місяць тому +6

      @@TheDirtymikenation It's really not so much about the money but what is right and wrong.

  • @erikgrimes3621
    @erikgrimes3621 Місяць тому +38

    our costco was sellimg pamp gold bars for 2369.00 saturday and spot was 2302.00. if you had an executive membership and the costco visa the 4% cash back would have brought the price down to 2275.00. not a bad deal at all.edit to correct math

    • @josephpadula2283
      @josephpadula2283 Місяць тому +2

      How is 2975 a good deal ?

    • @magicman9321
      @magicman9321 Місяць тому +1

      i was thinking the same lol

    • @cutlerylover
      @cutlerylover Місяць тому

      you might have a typo with that final number haha

    • @erikgrimes3621
      @erikgrimes3621 Місяць тому

      @@josephpadula2283 i messed up the math 2275.00 after discount

    • @erikgrimes3621
      @erikgrimes3621 Місяць тому +3

      @@magicman9321 corrected the typo

  • @freesk8
    @freesk8 Місяць тому +14

    Washington State also has no sales tax on gold and silver. "Gross income from sales of precious metal bullion (gold bars, processed nuggets, etc.) and monetized bullion (coins, etc.) is generally exempt from tax. An exemption applies even if the bullion is sold for more than face value." WA State Dept of Revenue.

    • @edb3877
      @edb3877 Місяць тому +1

      Agreed. I've bought gold and silver for over a decade now and none of those buys, both local and online, were ever taxed.
      Anything made from gold or silver can be taxed, such as silverware, a silver coffee or tea service, or jewelry.

  • @Crimson_Hawk_01
    @Crimson_Hawk_01 Місяць тому +270

    Saying California is messed up is like saying water is wet.

    • @lewis9888
      @lewis9888 Місяць тому

      I drove Trucks for nearly 30 years so I was in CA many times through the years and I can Not see why anyone would want to live in that Communist State.

    • @jamesscherping2461
      @jamesscherping2461 Місяць тому +12

      Have you lived in CA?

    • @markthompson7503
      @markthompson7503 Місяць тому +29

      @@jamesscherping2461 I do. 52 years, It's a nightmare.

    • @markthompson7503
      @markthompson7503 Місяць тому +32

      California where they tax your air, water and land.

    • @OCKev
      @OCKev Місяць тому +24

      Yep, I've lived in California my whole 55 years. Very messed up! If Costco limits you to 5 bars, which would be about $1500, then there's no way to hit the $2000 tax exemption amount, so you're gonna pay Gavin his taxes no matter what you do!

  • @Coin_Era
    @Coin_Era Місяць тому +2

    Exciting news! The inclusion of Rose number [900] beautifully symbolizes our collaborative efforts in this creative garden at CoinEra. Let's continue nurturing this shared space together! 🌹🌷🌼 Thank you for being an integral part of it! 😊💖

  • @planethedgehog2427
    @planethedgehog2427 Місяць тому +46

    10:49 Hey, you didn't weigh that bar, moving it to the final pile, bypassing the scale, just like some shoppers do at the self checkout!😆

    • @whatthehell2592
      @whatthehell2592 Місяць тому +6

      Noticed that myself.

    • @2aprogressive626
      @2aprogressive626 Місяць тому +2

      @@thisnamewastakentoo_ great, so show us what the machine does when it's fake!

  • @glengarbera7367
    @glengarbera7367 Місяць тому +9

    Thank you, thank you, thank you brother. I am going to buy some silver and gold bars from costco with cash. I never thought i could get cash back using my card. Genious

  • @stuartstuart866
    @stuartstuart866 Місяць тому +5

    You brought up an excellent point that I haven’t seen other UA-camrs point out, Taxes. In my state ( Nevada ) Costco charges tax on bullion but there is no tax charged from on-line bullion dealers ( at least the ones I buy from). This tax would make my Costco bullion purchases far more expensive than on-line dealers. I even contacted the Costco Tax Department for confirmation for confirmation. Apparently Nevada tax law is a bit ambiguous and Costco doesn’t want the potential liability.

  • @flemishpopulist1477
    @flemishpopulist1477 Місяць тому +45

    Ha! I was born and raised in the Dunedin/Clearwater area. Sorry, had to comment seeing your receipt and knowing exactly where that Costco is located.

    • @BostonEMT
      @BostonEMT Місяць тому +7

      crossing 19 is not for the faint of heart

    • @mrsspegtacular6484
      @mrsspegtacular6484 Місяць тому +4

      That’s awesome!

    • @flemishpopulist1477
      @flemishpopulist1477 Місяць тому +1

      @@BostonEMT Oh man...100%!! Thankfully they are slowly but surely making overpasses, at least in Pinellas Co.

    • @danluallen9746
      @danluallen9746 Місяць тому +2

      Sitting at Bellair and 19 watching this now. Might go grab a $1.50 dog from there haha

    • @MegaJcamp
      @MegaJcamp Місяць тому +1

      Was real nice in the 70’s, still is, but very congested and built up.

  • @TheDaisytails
    @TheDaisytails Місяць тому +5

    I'm going to have to look closely at my costco. I've never seen bars or a sign for bars at my costco's jewelry counter. I also don't know if my state has a no-tax on bullion over a certain limit. Thanks for checking it out and showing it so I can know to look. I'd love to have one of those!!!

  • @SugarSandProspecting
    @SugarSandProspecting Місяць тому +5

    RCM puts out imho the best looking bullion as reasonable prices AND keep up with demand. I think these bars are the most beautiful ones out there. Kudos to you sir! Great scores!!

  • @RCCarrico21
    @RCCarrico21 Місяць тому +62

    Skipped the 8th one that probably the fake lol.
    Just being that guy.
    Thanks for the great content!

  • @paulthailing8206
    @paulthailing8206 Місяць тому +4

    He Speg, I love these bars as well! I have a few that I bought a few years ago. They are a really nice 10oz bar for anyone's stack!

  • @lizachat2608
    @lizachat2608 Місяць тому +10

    Great info THANK U❤

  • @CWO3-uscg
    @CWO3-uscg Місяць тому +4

    I’m a silver stacker myself, and like you I live in Florida. I was aware of the no sales tax law. I was however not aware that Costco sold bullion. I will be checking my local store. Or stores. I have 4 within 20 minutes of me.
    Thanks again and I subscribed to the channel because of it.

  • @dingotopruc9642
    @dingotopruc9642 Місяць тому +4

    In Canada there's is no tax on gold, silver and platinum bullion. More so on coins that are marked as having a face value, like the gold Maple leaf that has a face value of fifty dollars. The 10 ounce round I bought from Costco shows a value of fifty Dollars also. There is sales tax on palladium and rhodium, don't ask me why.

    • @subspace666
      @subspace666 Місяць тому

      think its because they use the definition of precious metals from the dictionary that only include silver gold and platinum.

  • @derekboyt3383
    @derekboyt3383 13 днів тому +1

    If only we had a crystal ball when it comes to prices.

  • @hatingontruth9118
    @hatingontruth9118 Місяць тому +3

    I'm really happy you know the laws here. I didn't know this and it's something that I need to know. Thanks for sharing.

  • @jimthompson9992
    @jimthompson9992 Місяць тому +13

    Nice stack of bars, Spegtacular! Wish there was a Costco near me....id be putting a few away for sure! As for gold, id stay away from bars and hope to find Eagles or Maples instead. Much prefer the coins... but that's just me. Take care, be safe and God bless!

    • @Spegtacular
      @Spegtacular  Місяць тому +5

      I prefer the coins in gold too BUT I’m totally down to get bars if they’re close to spot. I have no issue with that.

    • @edb3877
      @edb3877 Місяць тому +4

      Not just you, Jim. I LOVE gold and silver coins but bars are pretty much "meh" to me. I have 40 x 5-oz. SilverTowne Prospector bars that I bought
      several years ago and consider them as trading material the next time we get a nice silver squeeze. Will probably buy some gold with the proceeds.

  • @mmarmrcz6770
    @mmarmrcz6770 Місяць тому +3

    In NYS, anything over $1000 is tax exempt. This includes PM's and numismatics.

  • @michaelanon1968
    @michaelanon1968 Місяць тому +15

    Clearwater here. I drive by that Costco nearly daily..

  • @markh1324
    @markh1324 Місяць тому +6

    The RCM 10 oz. bars are one of my absolute favorites- gorgeous bars with great details. Second favorite is the Royal Mint Britannia 10 oz. bar.

    • @mrsspegtacular6484
      @mrsspegtacular6484 Місяць тому +2

      They are beautiful!

    • @UrbanGardeningWithD.A.Hanks14
      @UrbanGardeningWithD.A.Hanks14 28 днів тому

      I have the 10 oz. Britannia with the sailing ship on it. It's beautiful. Until you turn it over and see the queen's ugly mug on the other side.

  • @optionstraderman
    @optionstraderman Місяць тому +3

    Thats good stuff. I see you are in New Port Richie, Fl. I'm on the other coast between Orlando and Daytona Beach in a little town called DeBary! Great purchase for you. I love those bars as well, picked up 10 of the a couple of years ago and left them in the plastic for a year. I guess the plastic has a couple of holes in them because a few bars started toning along the edge where the holes were discovered. I unbagged them and put them all in Capsules. Hopefully that will slow down any toning because they really are beautiful bars. Thanks for Sharing!

  • @timclark7353
    @timclark7353 Місяць тому +5

    I’m in Arizona and Costco’s system here was setup properly for the tax exemption. I did have the checker only charge for one when I wanted three but got that corrected. I bought five but when I go back I’ll buy more. Great video!

    • @tabbennett4254
      @tabbennett4254 Місяць тому

      What Costco did you find your bars at? Im in Glendale but didn’t see them

  • @bigrobnz
    @bigrobnz Місяць тому +2

    fantastic price and looks like you are getting good service from Costco as well.....lovely bars....

  • @mrmrsk219
    @mrmrsk219 23 дні тому +2

    Call me crazy but can't they track all the sales through the membership cards with the persons name and address???

  • @thepunadude
    @thepunadude Місяць тому +4

    $289 FOR 10OZ BARS? NICE BUY! HAVE SOME COINS, MOSTLY 1-100OZ BARS=LOTS N LOTS! (ALSO BB SIZE, WITH TEST KITS!)

  • @redarcher1416
    @redarcher1416 Місяць тому +26

    I remember buying silver for 4 to 5 bucks an oz, sold it when it hit $40. Bought gold for $275 to 300. Sold it at $1735. Replaced it with 65% more gold when it bounced below $1100. replaced the silver when it dropped below $15. Sure wish I had doubled my holding of silver. Instead I bought a new truck.

    • @JollyRogerProductions
      @JollyRogerProductions Місяць тому +2

      Shitt man, feels like a dub to me. No reason to feel bad about that

    • @ponzo1967
      @ponzo1967 Місяць тому +5

      I'm sure you needed the truck, that's still good financial management. Some people couldn't save a dime if you paid them a dollar 💵

    • @Ari-mo8qo
      @Ari-mo8qo Місяць тому +1

      Wow

    • @redarcher1416
      @redarcher1416 Місяць тому +5

      I bought used textbooks in college in the late 70’s. Students sold them to the bookstore for 50 cents on the dollar. I bought 50 of them for each of my classes. I used my college savings. This created a shortage of books at the bookstore. I then sold them for a few bucks less that the new book. I a 125% profit in just a few weeks. In 1982 I was debt free. Owned a two year old 4x4 and a 750 Honda. I also had 35 grand in the bank. Opened a Satellite business and bought a 2800 sft house at age 25 with cash. Never borrow money again. It’s much easier to save and invest when you’re debt free. Live simply in your 20’s and 30’s. The payoff is amazing

    • @brawndothethirstmutilator9848
      @brawndothethirstmutilator9848 Місяць тому +2

      Forget orange juice futures, this man cornered the used text book market.

  • @jackprarherjr7743
    @jackprarherjr7743 29 днів тому +1

    Thank you for clearing everything up. : )

  • @chadwolfeschledgelsteinhau9697
    @chadwolfeschledgelsteinhau9697 Місяць тому +1

    Congratulations on your purchase

  • @slvrbkprodev6061
    @slvrbkprodev6061 Місяць тому +3

    This is a brilliant video and fantastic advice. Thank you.

  • @stevelauda5435
    @stevelauda5435 Місяць тому +10

    Here in Canada, silver bullion is tax free, scrap silver and rounds are not.

    • @stevestevens502
      @stevestevens502 Місяць тому +7

      rounds are tax free too if its pure silver

    • @wasillastacker
      @wasillastacker Місяць тому +1

      That is exactly why I traded off all of my generic silver rounds for gold coins a couple years ago.

    • @stevelauda5435
      @stevelauda5435 Місяць тому +2

      @wasillastacker I will be soon doing that with my platinum. I will wait until silver hits 40 bucks maybe 45 0z,s then dump and buy gold like I did back when silver hit 48 bucks an 0z.

    • @stevestevens502
      @stevestevens502 Місяць тому

      @@stevelauda5435 $40-45 USD or CAD?

    • @ZaraQadir97
      @ZaraQadir97 Місяць тому

      @stevelauda5435 can you explain what you exactly did ? Why didn't you buy gold in first place ?

  • @erikthered5539
    @erikthered5539 27 днів тому

    Beautiful silver bars, can’t believe you found them at Costco! I guess I’ll be heading to my local Costco and see if they have any. Thanks 🙏🏻🇺🇸

  • @markthompson7503
    @markthompson7503 Місяць тому +1

    Good call on scanning the silver separate from the groceries.

  • @donaldmartin836
    @donaldmartin836 Місяць тому +9

    The RMC 10 oz Silver Bars are the only Bars that I stack. They are of very high quality and are very well known. Great video and very informative. Thanks for sharing.

  • @jmo82592
    @jmo82592 Місяць тому +24

    Those are so beautiful! I am so jealous!!!!!
    On a side note save the boxes. Good for putting gifts in for birthday/Christmas.

    • @Spegtacular
      @Spegtacular  Місяць тому +3

      They’re holding dust as we speak.

  • @maggiepennington5583
    @maggiepennington5583 Місяць тому +1

    I glad you could buy all those bars but I hope you have a safe place to keep them! I’d be scared someone would come and hurt me to get them!

  • @leanbike4
    @leanbike4 Місяць тому +2

    Yes, In California its up to $2k min purchase to avoid paying tax.

    • @hj6037
      @hj6037 Місяць тому +1

      I bought my and I paid taxes because of 5 limit

  • @stevec7712
    @stevec7712 Місяць тому +38

    Sales Tax = More of your MONEY for the Government to WASTE

    • @fish4bugs
      @fish4bugs Місяць тому +2

      Buy in NH! No sales tax!

    • @_ADM_
      @_ADM_ Місяць тому +1

      I've just commented:
      _"greeting from Europe, where everything is TAXed (VAT) 20-25% (depends on country)"_
      and I'd rather say: more money for p$yhopates / technocrats for their next scams
      🤮🤮🤮🤮🤮

    • @drx1xym154
      @drx1xym154 Місяць тому

      @@fish4bugs -- then the trip up needs to be cost effective bro!
      Might make sense IF the State were next door. The main problem is that the "Live Free or Die!" State has enslaved itself to the woke collectivist agenda, Ben And Jerry's and far, far worse. It was once a beautiful State with excellent cities. Now it is just the dumpster fire, garbage collection site for the bigger dumpster fire known as NYC.
      Can my mind if you think you can, yet I like my mind just fine.
      Also why nobody should listen to experts, unless they are making a submarine to venture to the Titanic or take on similar challenges.
      All the medical experts are either quiet or silenced by the collectivists at the Medical Industrial Complex.
      Crazy times!
      AMMIRGHT???

    • @hopefloats7573
      @hopefloats7573 Місяць тому

      Do you use the roads? City, State or National Parks? How about the military? They are all funded with tax dollars.

    • @cwal_21
      @cwal_21 Місяць тому

      @@hopefloats7573not really, the gov just prints more money when it needs it

  • @VictorPerez-uc5nj
    @VictorPerez-uc5nj Місяць тому +5

    nice bars keep stacking brother

  • @TheKurtsPlaceChannel
    @TheKurtsPlaceChannel Місяць тому +2

    Very entertaining and fun to watch. Thanks for posting this.

  • @andreavandekleut6379
    @andreavandekleut6379 Місяць тому +2

    had you bought COIN (legal tender) would it be different on your cash back ,? money on Money? walmart selles gold bars

  • @DJC3.
    @DJC3. Місяць тому +4

    Excellent video. I’m new here and the pledge of allegiance in the outro made me subscribe. Thank you. It means more to some people.

  • @g99se9
    @g99se9 Місяць тому +5

    I bought silver bars a while back. Buying them is one thing, selling is another. Meanwhile, I doubled my money in a bitcoin ETF in a week.

  • @NetKnowHow1
    @NetKnowHow1 Місяць тому

    The same happened in a Canadian city in COSCO. I told them it was wrong. They were charging tax. They kept charging tax for all the members and I told them that they would have to give those purchases their tax back. After all they are members.

  • @jeffrobodine8579
    @jeffrobodine8579 Місяць тому

    I remember getting the Royal Canadian 10 oz. bars at my local coin dealer for $25 with spot back in January. I wish I would have bought more. 📈 Cash is 👑.

  • @Wes_Stacks.
    @Wes_Stacks. Місяць тому +4

    Great price for sure

  • @ddprepper5227
    @ddprepper5227 Місяць тому +7

    Excellent report 👍👍👍👍

    • @Spegtacular
      @Spegtacular  Місяць тому +2

      Glad you enjoyed it! It cost me a lot of money to make this report 🤑

  • @edb3877
    @edb3877 Місяць тому

    Know what you mean about buying silver years ago. I bought a lot of silver back when it was $14-$15 an oz, with $2-$2.50 premiums per oz.
    Not impressed with the cost of silver these days but that's OK because I completed my silver stacking goal back in late 2019. Still buying
    some gold, though. It's harder when it is $2300+ per oz. Still remember buying some of that sub-$1200 an oz. gold. But all that seems as if
    silver and gold are doing their jobs of maintaining my wealth. I expected to be buying less as time went on and I am. Still buying the same
    US$ amount, though. Now, I get 3 ozs. for the same cost of 5 ozs. before. Yep, dollar shrinkage for sure.

  • @daanmolier3737
    @daanmolier3737 Місяць тому +2

    Amazing deal Speq! Up here in The Netherlands no matter how many Oz or amount, the Tax will be 21% on bars a bloody shame I think. Bullion coins are free of tax up here but the premium is way more higher than in the US. A Silver Eagle at this moment goes for 35EUR and Maple leaf and Brittania for around 33EUR :(

    • @jeffw1267
      @jeffw1267 Місяць тому

      But at least you have all those great social programs.

    • @golforfishing
      @golforfishing Місяць тому

      Here in Toronto Canada the price for a Maple Leaf today is $41.70 CAD which is $28.32 EURO.

  • @curlymaplebandit3107
    @curlymaplebandit3107 Місяць тому +17

    The majority of the silver I have hoarded away, my dad and I sat around the kitchen table swapping clad for silver back in the early 70s.
    The memories are worth well more than the lbs of silver.
    Miss ya Dad.

    • @edb3877
      @edb3877 Місяць тому +4

      I can understand that. My Dad passed back in '87 and not a day goes by but what I miss him and Mom( passed in '15).
      Great people. Same for my wife's parents, although they were older so passed before my folks. I miss them all.

  • @Lilblaisy23
    @Lilblaisy23 Місяць тому +3

    Royal Canadian is the best. Don’t have any royal Canadian silver but I have royal Canadian gold bars.

  • @MD-ky4ho
    @MD-ky4ho 13 днів тому

    Over the past several weeks, I have been buying the 2024 Royal Canadian Gold and Silver coins on the Costco website.

  • @FelixTheCat69
    @FelixTheCat69 Місяць тому

    Dude, this was extremely helpful. I don't have tax in my state, but I did not know they were selling RCM bars. Online they had ASEs, but I've never picked any up. They are always out.

  • @markgotschall2914
    @markgotschall2914 Місяць тому +3

    I have not seen bullion at my Costco yet, bullion is tax free in Colorado, but the city my LCS is in taxes it. I live in the county and am exempt for now.

  • @jeepguylv80
    @jeepguylv80 Місяць тому +7

    I started stacking in 2016 when spot was around the $14-$15 range, I have quite a few of those 10 oz. rcm bars, they are my favorite looking bar, I also have a couple of their 100 oz bars, but not as pretty looking as the 10 oz., I have all kinds of bars, coins, and rounds, I enjoys collecting them, I also like to buy limited editions when I can, to me it doesn't matter where I get them from, as long as they are in great condition and real. I used to have a hotwheel collection obsession when I was younger, now I traded that for a gold and silver obsession, my wife say's at least I'm collecting something worthwhile for a change lol.

    • @mrsspegtacular6484
      @mrsspegtacular6484 Місяць тому

      Glad she’s on board now 😆 but hotwheels are pretty cool too…

    • @RogueCylon
      @RogueCylon Місяць тому

      Some collectibles appreciate far faster than bullion.

    • @allsportsexpert
      @allsportsexpert Місяць тому +1

      So when you buy it is $1.5 above spot, when you sell it is $1.5 below spot; a minimum of $3 round trip fees. Has made a small amount of money for the past 8 years holding your silver bars.

  • @richardhumphrys7907
    @richardhumphrys7907 4 дні тому

    We pay 20 percent tax on our silver bullion in England. Scandal. Coins the have a value of currency are exempt on Capital Gains when you pass wealth onto your family.

  • @DavidWilliams-hg9vv
    @DavidWilliams-hg9vv Місяць тому

    I was at Costco in Bradenton, FL yesterday. They didn't have the sliver bars, but they had the Gold bars! They are really nice!

    • @Spegtacular
      @Spegtacular  Місяць тому +1

      Nice! You can end up buying them for under spot

  • @jeffbenson6102
    @jeffbenson6102 Місяць тому +4

    The Costco's in my area don't carry them, but I was able to get a tube of American Silver Eagles on line. They ended up being $31.35 each after the discounts are removed. $5.00 cheaper than SD Bullion!

  • @rudypoo4370
    @rudypoo4370 Місяць тому +36

    In the near future we'll be getting college degrees from Costco 🥴

    • @mrsspegtacular6484
      @mrsspegtacular6484 Місяць тому +4

      😆

    • @adamr740
      @adamr740 Місяць тому +6

      Such a good movie lol😊

    • @TP-kr5dp
      @TP-kr5dp Місяць тому

      Yep, right next to the toilet paper, right where they belong

    • @jonderek4647
      @jonderek4647 Місяць тому

      And without the communist indoctrination!

    • @whatthehell2592
      @whatthehell2592 Місяць тому +1

      More like dollar general or dollarrama in the DEI section.

  • @redarcher1416
    @redarcher1416 Місяць тому

    Prior to 2013, the Texas Tax Code allowed a sales tax exemption for precious metals purchases above $1,000. Section 151.336 placed an unfair burden on people wanting to exchange Federal Reserve Notes for real money, i.e. gold and silver, as many purchasers of precious metals make these purchases in increments below the $1,000 sales amount which triggers the sales tax exemption.
    Fortunately, House Bill 78, introduced by former Representative Simpson, amended Section 151.336 of the Texas Tax Code to eliminate the threshold at which the sales tax exemption is prompted.
    As of 2013, Texas does not charge sales tax on precious metals purchases of any amount.

    • @Spegtacular
      @Spegtacular  Місяць тому +1

      Actually, some precious metals in Texas MUST be taxed.

  • @tessjones5987
    @tessjones5987 Місяць тому +1

    Great information, Thank you.

  • @Silvercrypto-xk4zy
    @Silvercrypto-xk4zy Місяць тому +2

    my local costco has yetto carry any. of this in person

    • @francocannizzaro9156
      @francocannizzaro9156 Місяць тому

      My local Costco in las vegas Never has the Gold or silver bars
      Other Costco in Town does get them But they sell Fast

  • @mattatuckmanful
    @mattatuckmanful Місяць тому +5

    I was about to head out to costco for more bars when this popped up in my feed 😂

    • @mrsspegtacular6484
      @mrsspegtacular6484 Місяць тому +1

      It’s a sign! 🪧

    • @mattatuckmanful
      @mattatuckmanful Місяць тому

      Completely sold out and so was New Britain store. Guy said they only got 20 bars in, and the clerk actually bought one himself.

    • @mrsspegtacular6484
      @mrsspegtacular6484 Місяць тому

      Well that stinks!

  • @dianeshort2821
    @dianeshort2821 Місяць тому +1

    Excellent advice. Thanks

  • @MJ-iy4fb
    @MJ-iy4fb 25 днів тому

    That tax break combined with your discounts really makes bullion investing attractive. Nebraska just ended all tax on gold and silver, I will be buying some now. Thanks for the video

  • @davidwynn3738
    @davidwynn3738 Місяць тому +3

    Good info! Appreciate you doing this.

  • @Jmcevolve2023
    @Jmcevolve2023 Місяць тому +7

    Well the land of the free kinda buy as u wish. Studies show big box stores push out the little guys. This is a perfect example Costco sells it cheaper but also they are selling non American product. I kinda disagree I love supporting LCS and buy American silver and gold. How about anyone else

    • @keithwizzard1722
      @keithwizzard1722 Місяць тому

      the lcs is one thing but all the big guys like apmez etc deserve their future battles with costco

  • @chadwick634
    @chadwick634 Місяць тому +1

    I’m in Florida so thank you for the valuable information, just liked and subscribed. 👊

  • @VaderisOne
    @VaderisOne Місяць тому

    Very informative, I had no idea that was sold then but I have just breezed by all the time

  • @mikebrewer5758
    @mikebrewer5758 Місяць тому +19

    A certain channel said some intriguing information. I do not know if it is true, but COSCO is said to have purchased huge quantities of 2024 silver eagles. As of right now, you have been showing foreign bullion purchased, If silver eagles show up at COSCO. I am curious to know if this rumor is true, and if COSCO's entry into the bullion market will affect the market (if any). Just food for thought. At any rate. Very nice purchase to add to your personal stack!

    • @Spegtacular
      @Spegtacular  Місяць тому +11

      Eagles have been in Costco as of a few months ago. Reported several places. I believe they were a good deal at the time.

    • @angelcastaneda6598
      @angelcastaneda6598 Місяць тому

      @@Spegtacular The other channel said that costco purchased or basically cleaned up The US Mint for the next 2 months.
      So basically dealers or big retailers like apmex will have a hard time getting ASE's. But yeah not sure if his source is reliable.
      I effing live in CA so you are right I have to spend 2k to avoid taxes but if the limit is 5, then I will be charged tax. CA is a POS honestly.

    • @Dave_9547
      @Dave_9547 Місяць тому +3

      Just notified that Costco does have 2024 ASE's in 20 coin tubes.

    • @DaveEPie
      @DaveEPie Місяць тому +1

      I bought 2 tubes of eagles from Costco around the first of the year.
      Decent price.
      I also did hear that they wanted such a huge amount that they cleaned out the mint

    • @dorhinj23
      @dorhinj23 Місяць тому +2

      Hopefully op knows the difference between Costco and the
      China
      Overseas
      Shipping
      COmpany

  • @James-xu3vc
    @James-xu3vc Місяць тому +11

    We are tax exempt here in Canada 🇨🇦

    • @gotsilver77
      @gotsilver77 Місяць тому

      Except American gold eagles, they're subject to gst. So I assume Sterling silver is subject to gst. Anything not pure

    • @stevestevens502
      @stevestevens502 Місяць тому +2

      ​@gotsilver77 i bought eagles tax free in toronto

    • @stevestevens502
      @stevestevens502 Місяць тому

      but it seems premiums are higher even with the currency conversion

  • @johnlee4897
    @johnlee4897 Місяць тому

    Nice haul, Speg. To avoid U.K. value added tax, it's best to buy it second-hand here.

  • @jennielam8522
    @jennielam8522 Місяць тому +1

    Thank you for sharing!

  • @2chuck
    @2chuck Місяць тому +3

    The best reason to buy precious metals?.. I grew up in the 50's and when I was a teen I paid .25 for a gallon of gas and I paid with one of our everyday quarters that were made of silver. Today you can still buy a gallon of gas for .25 if you use one of those silver quarters if it was minted prior to 1965, although you have to sell it to a coin dealer to get dollars for it's current value. The increase is due to the silver content, not numismatics value. I sure wish I would have kept those that I got back then. The silver has kept it's value, Dollars, not so much.

  • @JasonDarbee
    @JasonDarbee Місяць тому +2

    But does CostCo buy gold and silver back ?
    I dont know I havent been.
    If not then what is the value ?

    • @Spegtacular
      @Spegtacular  Місяць тому +2

      Costco doesn’t buy anything back..

    • @ronaldmitchell3665
      @ronaldmitchell3665 Місяць тому +1

      They are not DEALERS, but merely retailers…silver is money on the streets , who needs Costco???…

  • @gounchface
    @gounchface Місяць тому +1

    Excellent video. Beautiful bars.

  • @TalkingBullion
    @TalkingBullion Місяць тому

    I have always loved the 10 Oz. RCM bars as well. The serial numbers make them extra cool (even though they don’t really mean anything to us). I’m not aware of a site where you can validate them. Nice pickups Speg!

    • @Spegtacular
      @Spegtacular  Місяць тому +1

      That’s a good point and something I can talk about in a future video lol

  • @SlotHits777
    @SlotHits777 Місяць тому +5

    fyi to buyers.. leave the bars in their plastic the come in too

    • @JFEnterprize
      @JFEnterprize Місяць тому +1

      People take em out 😧😯

    • @SlotHits777
      @SlotHits777 Місяць тому +1

      @@JFEnterprize you always get max value when selling when they remain stealed

    • @lepton31415
      @lepton31415 Місяць тому

      why would you swap real money for monopoly money?!?!

    • @JFEnterprize
      @JFEnterprize Місяць тому

      @@lepton31415 cause not everyone take G&S as payment 🥳

    • @edb3877
      @edb3877 Місяць тому

      @@lepton31415 Maybe because the bills HAVE to be paid whether or not things are going well?

  • @METALMAN4Wii
    @METALMAN4Wii Місяць тому +3

    You're a monster making the store manger deal with customers lol!

    • @Spegtacular
      @Spegtacular  Місяць тому +1

      😈

    • @METALMAN4Wii
      @METALMAN4Wii Місяць тому

      @@Spegtacular I used to work at Kmart 2000-2006 we had one store manager who would only leave his office only to go get something to eat from the K Cafe. then when his boss the district manager was supposed to show up to do a walk around and point out everything wrong. he would just go home early the DM had to show up unannounced one day and force him to do his job.

    • @Spegtacular
      @Spegtacular  Місяць тому

      Oh the days of K-Mart.. I used to enjoy going into the fishing department as a kid… I don’t know why.

    • @METALMAN4Wii
      @METALMAN4Wii Місяць тому

      @@Spegtacular Yup second biggest department store next to Sears before 1990 I was watching the Toys That Built America Hot Wheels. they bought 50 million cars when they just came out just so their competitors couldn't!

  • @shortconcert
    @shortconcert Місяць тому +2

    Won't costco price match a previous purchase if the price goes down?

  • @dinoshark4396
    @dinoshark4396 13 днів тому

    I love silver!! I think its great Costco selling silver! Its almost $32 an oz today!

  • @EMan-cu5zo
    @EMan-cu5zo Місяць тому +6

    My Costco is sold out the minute it’s for sale. I have never seen it on display but only online. Doesn’t matter because they are sold out so fast.

    • @tutnetam
      @tutnetam Місяць тому

      I checked online in my area- nothing 😢

    • @beethao9380
      @beethao9380 Місяць тому

      sheep

    • @beethao9380
      @beethao9380 Місяць тому

      @@tutnetam sheep

  • @lovetoedit
    @lovetoedit Місяць тому +9

    California... 5 x $289 = 1445 + $112 tax = $1557 (need over $2000 to be tax free) I won't buy at Costco until you can buy 7 at time.($2023). Maybe Costco will make an exception for us here in Cali !

    • @LoveMyRottweiler1
      @LoveMyRottweiler1 Місяць тому +1

      That's a good point...I'm in California near 3 Costco's 210/57 fwy I'm going to try to find out the answer today...opens @ 10AM.

    • @silverpatriot8715
      @silverpatriot8715 Місяць тому +1

      Exactly! It’s unfortunate

    • @CW0123
      @CW0123 Місяць тому +3

      Living in California and trying to be “independent” is like going to McDonald’s after working out.

    • @jakecassillo8219
      @jakecassillo8219 Місяць тому

      California is $1500 an over for no tax. 🤙🏼🤌🏻

    • @silverpatriot8715
      @silverpatriot8715 Місяць тому

      @@jakecassillo8219 On Jan 2023 regulation 15992 changed the amount to $2,000to be exempt from tax in California

  • @MisterEMystery
    @MisterEMystery 5 хвилин тому

    Stacking. Wow. Wish I had gotten into it when I was younger. To this day I remember this guy in high school talking about buying an ounce of gold to squirrel away. We all thought he was crazy! I mean it was $50 an ounce, who would pay that much let alone had the money? Regrets are a pain.

  • @ae1586
    @ae1586 Місяць тому

    My friend who works at Costco said their gold and silver comes from Dillon gage - that makes sense because Dillon gage is a mint dealer / distributor for eagles and probably the largest wholesaler in the country

  • @lamarravery4094
    @lamarravery4094 Місяць тому +4

    I remember when we had to do the pledge of allegiance way back when. They don't do that in schools anymore? Come to think of it, I think that was just done in elementary school. I don't remember doing that later.

    • @mrsspegtacular6484
      @mrsspegtacular6484 Місяць тому

      They don’t do it anymore. I only remember doing it in elementary 🤔

  • @Vernbubba
    @Vernbubba Місяць тому +2

    I wonder how Minnesota would work for this?

    • @0004612
      @0004612 Місяць тому +2

      Minnesota doesn’t tax bullion bars or rounds but does tax Eagles cause they’re considered legal tender. Totally silly. I’ll have to go to Wisconsin for a new gold eagle.

    • @Vernbubba
      @Vernbubba Місяць тому

      @@0004612have you found these bars at Costco in Minnesota?

  • @harrygrimley4352
    @harrygrimley4352 25 днів тому

    Very interesting. Good tips. Thanks for sharing this with us.

  • @Chucka10
    @Chucka10 Місяць тому

    I would use the ingot probe for the Sigma as it checks deeper on bars.

  • @tho464
    @tho464 Місяць тому +3

    A Canadian bar packed in a Chinese box. Go America!

    • @kerriwilson7732
      @kerriwilson7732 Місяць тому

      In Canada, we buy a Canadian bar packed in a Chinese box from the American retailer Costco. Go 2024!

  • @billmilza995
    @billmilza995 Місяць тому +6

    Hurts the mom and pop shops....... I will never buy the bars from Costco. I'd pay more from local coin shops.

    • @JFEnterprize
      @JFEnterprize Місяць тому +1

      LCS will buy it back. Costco won’t. Not yet. They prob should buy and sell tho. A 2k sigma and they’re in business with it. Sure that won’t hurt their pocketbooks 🎉😂❤

    • @Spegtacular
      @Spegtacular  Місяць тому +4

      Costco employs over 300,000 people so don’t be afraid to do business with ALL places while also holding local places near and dear to your heart. 300,000+ people are thankful that you’re shopping with Costco.

    • @Lilblaisy23
      @Lilblaisy23 Місяць тому

      @@Spegtacular until they replace them with AI to cut costs lol

    • @Spegtacular
      @Spegtacular  Місяць тому +2

      It’s coming!

  • @pinschrunner
    @pinschrunner 29 днів тому +1

    Thanks for the tip about >$500 in Florida.

  • @xxlocobassistxx
    @xxlocobassistxx 19 днів тому

    What card are you using to get 3% back? I get 2 but am looking for something that'll give me more back on my PM Costco purchases