Sales of gold bars surge at Costco 

Confidence in the US dollar is vanishing by the day. Confidence in the US dollar is disappearing a lot faster than the US government is willing to admit. All of the central banks are buying gold because they don't think the US dollar will be very useful in international settlements soon. So indeed, physical gold and silver. Provide one with a way to buy basic necessities for the family in times of crisis.

Exactly, it is coming.

Yes it is.

I have a collection of currencies that failed. The Roman denarius, the USSR coinage and bills, Zimbabwe trillion dollar notes. I wonder how long it will be before the US $100 bill will be the price of a cup of coffee?

US is printing dollars endlessly... National debt will pass 35 Trillion soon.. Buying gold is a real win for public... Inflation will eat you alive unless you have some real wealth like gold...

you know you are going to buy starbucks anyway

@@DrSchor no way...gross

I'm getting ready for 100 dollar cups of coffee by buying gold. It's coming unless there's a miracle.

Costco and every other bullion dealer is ever so happy to take that "fake money".

@@kenofken9458 and they are perfectly happy to accept my bullion when I trade that in, too. Gold is going up every day. Or is it just that the dollar is slipping?

@@kenofken9458 But everyday that USD "fake money" buys less and less thanks to inflation. Gold and Bitcoin just keep powering higher in terms of USD.

@@helenefalk500 Bitcoin doesn't just keep powering higher. It's value has fallen off the cliff before and will do so again. It also has zero intrinsic value or very close to it. It's not a functional currency and it solves none of the problems its fanboys said it would. It's not at all untraceable. It's settlement process is pathetically slow and often expensive. It's far to volatile to use as a currency. It's a speculator's asset, nothing more. 99% of it's value, at least, lies only in the FOMO phenomenon and the lure of making a quick buck. Gold and silver are ok for preserving wealth against inflation erosion, but they rarely do much better than that. The only people who consistently make money on gold are dealers. They make money on both the sale and purchase. If you bought an ounce of gold in 1982 and held onto it, you'd be a lot better off than if you had put that $447 in a drawer someplace. You'd have come out about a thousand dollars ahead in real dollar terms ($447 in 1982 had the purchasing power of $1,460 today) On the other hand, had you bought up Apple stock with that same money, you'd be a millionaire many times over.

@@helenefalk500yes. And Costco is happy to give you gold and take your fake money

Gold should be held for 5 to 10 years or longer. Over that time period is when you average the ups and downs and you get closer to the long term average of 9.7%

By end of year

Even double that again as the Dollar collapses in value.

A collapse means that the dollar is worth less but gold will hold its value allowing you to buy food. Gold is a hedge, diversify!

@@bulldogleon9395 not when you are hungry

Yes

Depends on the premiums, also if you can get the 3% cash back using the Costco card. I haven’t looked into it yet but could be an option.

I like your real estate comments; wife and I have done the same. But you got it wrong on gold & silver… they WILL appreciate in value, however they do so over the long-term. The only good way to hold them is long-term, with a cash emergency fund, so that you can eventually sell them (or pass them on to loved ones) at a time of your choosing vs a panic sale.

The dollar will collapse.

Costco only allows you to buy 1 bar per membership

Its a question of when and how, not if.

Those are fake Numbers... Great eye though! The Power will Never admit the truth so you have to be wise enough to figure it out yourself

The dollar remains stronger than most of its peer currencies.

@@kenofken9458 As they ALL drop in purchasing power, very fast compared to historical norms.

Yeah if our government didn't have its finger on the printing presses we wouldn't have to run to gold.

@@mpetty9947 Not that fast. We had a couple of decades of almost negligible inflation prior to the last couple years. For all of the talk about how fiat and the dollar is going to collapse completely Any Minute Now, it's still the currency most used for trade and wealth reserves in the world. Despite all the buzz about crypto and some magical BRICS currency, the dollar is still king and will be for a while. The precious metal dealers who like to feed the fiat collapse panic are, curiously, very happy and in fact quite eager to accept those "worthless" dollars. Like everyone else, they maintain investments in stocks, bank accounts, real estate etc. All denominated in...dollars.

@@chrisbytwerk3712 Did you send your Covid "stimulus" checks back uncashed? If not, you're one of the beneficiaries of that printing press.

People and I think even Costco claims that they only make money on membership fees and not on selling products. I call BS!

Sux!

Most of us can't but the news likes to make it look like everyone in America is rich.

That's Exactly How they get you and make you a slave in modern times!

Theres always silver😮

Already is, thanks to Meat-Puppet Joe’s bidenomics.

Yup. The problem is ppl are allergic to learning new stuff, so when you try to explain BTC and how to obtain/use/store it, they just dismiss it as too complicated.

… bankrupt! 🤣

What if you have to wait a decade or more?

@@Manskilz people are dumb like you im just trying to help

And they need to sell lottery tickets, roulette chips and bingo cards. 🤣

99.99999% confidence these Costco bars from Pamp Suisse are authentic.

@@slapdat.byteme interesting 🤔 those are actually the ones that have been known to be faked. Your money 💰

@@alancadieux2984 A LOT of gold bars have been faked. But Costco can’t risk selling them, so you know they’re scanning what they get with a Sigma Analytics Verifier. My money. 😎

bitcoin is just an inferior form of casino-like speculating

👍🏽

… to the poor house.

@@slapdat.byteme The govt can freeze and seize your fiats stocks etc, but they can freeze my BTC. A little education won't hurt you, try it out.