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Disadvantages Of Buying Gold From COSTCO

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Disadvantages Of Buying Gold From COSTCO

Video by Noble Gold Investments via YouTube
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If you want to buy a gold bar as an investment or to be later melted and made into something else or maybe you just like the idea of owning one, you shouldn’t buy it from CostCo.

There are several reasons.

First, one of the biggest advantages of gold as an asset is its liquidity. Second, it goes up in value over time, keeping up with inflation. That’s why it’s a hedge against inflation. From millionaires to central banks, gold is held so that during economic turbulence and their traditional assets are down, they can count on gold to hold them up until things get better.

When things are bad, they sell their gold because they know, unlike other assets, gold’s value stays up.

The problem with buying gold from CostCo is that you will have to find somewhere else to send it to because Costco won’t buy it back.

That would probably lead you to a pawn shop or a dealer or another person. They will most likely buy way lower than what you should be getting, if they will buy it at all. And there is nothing wrong for pawnshops or dealers to make money. They are making an honest living and they should earn.

But you have better options.

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