Costco's gold bars sell out within hours

Yeah, Costco is getting dark:

Whether you’re affected by a weather emergency, job loss, food shortage or need a great meal that’s made in minutes, it’s best to be prepared with ReadyWise

Anyone who thinks this is better unemployment insurance than leaving the $99 in your savings account has some serious fear issues.

8 Likes

Party in the hot Nutella tub

3 Likes

That’s my fermentation vat!

1 Like

Before this discussion closes, thought I’d mention that gold closed at $1825.72 today.


Costco ain’t stupid- the price has plenty of room to fall further. Then all the “Cash for Gold” vultures will come in and the circle of life continues…

5 Likes

More than just a fear issue; a threat model that seems deeply confused in an actively counterproductive way:

If you are worried about a scenario that impairs or destroys the ability to exchange money for food then sure, there’s a case to be made for making the exchange now while you still can in order to have the food at that time.

Unemployment isn’t that scenario, though: it certainly does bad things to your supply of money; but has no effect on your ability to exchange money, if you have it, for food. In that case buying the food ahead of time is really just increasing the risk that some non-food expense will be what gets you.

3 Likes

This topic was automatically closed after 5 days. New replies are no longer allowed.