Thar's Gold in Them Thar Costcos!

 

by Pa Rock

Internet Miner

Last week word finally leaked to America's non-millionaire/billionaire class of investors that they, too, can purchase real gold as a hedge against inflation and the vagaries of the stock market through a trusted source instead of being forced to buy from some fly-by-night "precious metals" dealer on the internet. Costco, the most reputable name in big-box stores, has announced the it is selling one-ounce bars of pure 24-karat gold through it's on-line sales service.  

The gold sales program appears t be a big hit with the store's member/customers.  Even with a strict limit on sales of two gold bars per customer, each time more gold bars have been added to the site's inventory, they have sold out within hours.  The chain is currently selling two varieties of gold bars, one from Pamp Suisse in Switzerland and the other from the Rand Corporation in South Africa.  Late last week both types were selling for just under $2,000 per bar on-line at Costco.

One cautionary note, gold fans:  You do have to have a Costco membership in order to purchase gold bars from the retailer.

A second cautionary note: Gold bars purchased through Costco cannot be refunded or returned - you buy them, they're yours.

A third cautionary note:  For that same $2,000 you could buy three-and-a-half shares of Costco itself, which was selling for $565.50 a share on Friday.

But, for those devout American paranoids who are certain that the government is fixing to fail, that all greenbacks will soon be worthless, and that plenty of guns and ammo alone may not be enough to insure survival during the apocalypse, gold-shopping at Costco may be one more way to beat the odds of otherwise certain annihilation.  

Praise Jesus and pass the stockpiled peanut butter!  Thar's gold in them thar Costcos!