How to Buy Gold for Less Than Spot

You may have heard recently Costco decided to start selling gold bars and coins. Here’s how you can get them at less than spot value.

Today I logged in to You can see here I can purchase these 1 oz Gold Bar PAMP Suisse Lady Fortuna’s for $2219.99. These same exact gold bars cost $2365.20 on

Now if we check the price of spot gold it’s $2219. Which is not chapter than the price.

However, if you are an executive member at Costco you get 2% back on all purchases.

Then if you own a Costco Citi card. You get 2% back on Costco purchases.

This makes your effective cost the price – 4% or $2130.24. Which is $26 cheaper than spot gold. This would explain why they are sold out almost every time I go to Costco’s website. Which is why I wrote this script which automatically checks gold/silver links on Costco’s website and will let you know if it’s available.

Leave a Reply