Silver Bar at Costco! Manager takes me aside and gives me insider information!
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Published 2024-05-13
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All Comments (21)
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You are my hero for not doing the last bar! Eff the haters
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Paying tax on MONEY is just nuts, period! There shouldn't be tax even on a single bar.
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Imagine going to the bank with a $10 bill asking for a roll of quarters and they tax part of that $10. No reason they should be charging you tax at all
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I live in Canada…bought a few oz from Costco, delivered to my door no problem., as I can’t purchase at warehouse directly here in the province I reside in. When looking at prices in USA at Costco , there is a significant discount to what we are paying even with the currency exchange…about 30$ a bar. So I thought I’d call a Costco in a bordering state and go see if I could purchase a few bars. The Costco I called stated they were sold out…and that they sell out very quickly, almost immediately…told me to check back periodically, but they don’t know when they get product in stock. Long winded reply…citizens are starting to stack bouillon…Costco sales is a tell that society is getting concerned and buying bouillon as a hedge. Just an honest real world account of my experience and observations
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My like, turned your counter to 1k even! I appreciate life's little victories for both of us!
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Thanks SpegTacular. I purchased 2 from a local Costco to avoid taxes and was able to coach them through it because of your video 😂 They had to go read about FL taxes on some chart. No one knew about $500 in FL. Don’t give in to trolls! I’ve also got purchasing gold and silver for Costco online down to a science. 12 items in all that’s been offered online in the US.
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I Buy in PA no TAX on COINS & Bullion!
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I was shocked to actually see them in my store this Saturday. Bought 5, no tax (AZ). Great bars, $289.99 before using my Costco card that will get me 4% back.
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Our State passed a Law Exempting taxes on All Bullion, foreign or domestic, Numismatic coins , foreign & domestic, currency, foreign & domestic, on October 1, 2021.
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Online Costco has silver and gold coins all the time. But they usually sell out pretty quickly so you have to be fast. I've bought both some Maple Leaf and Silver Eagle rolls lately when they had 'em. And Costco did the calcs right and I paid no sales tax as it's not taxable in my state. Also get the exec and credit card cash back so it's cheaper but not as cheap as the bars. Still haven't seen any physical silver at any of the Costcos I frequent.
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Costco knows that loophole. Try checking the store once they sell it. They'll restock immediately.
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Here in North Texas, they told me to do the same exact thing about the silver. So I call 19 stores, 8 every other day.
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thank you Speg.
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Some Dealers still messing up. I'm from Florida too and cancelled a recent order during processing at Bold Precious Metals because even though I had over $500 in gold and silver they tried to tax me on the gold.
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Buying at 50 cents silver spot, is one hell of a deal. Plus the cashback on your card. Thats like buying at spot.
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Ya Right ! The manager took you aside 🤣🤣🤣🤣🤣😅😅🤣😭😭
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You have to spend over $500 before it's tax exempt? That's ridiculous. In Canada, all precious metal bullion is tax exempt, regardless of whether you're buying by the grain or the ton!
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Lol I love to see you troll the trolls! 😅😂 they couldn't wait to start typing.
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I went through the Costco/tax fiasco in Nevada. It was more expensive than ordering through the usual on-line vendors even with the higher premium.
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You did it again. You missed 1 bar to test. Multitasking is hard.