Skip to main content
BoomMag: Readers and Fans
Advertise With Us Newsletter

WLT Report WLT Report

Advertise With Us Newsletter
We may receive compensation from affiliate partners for some links on this site. Read our full Disclosure here.

As Gold Prices Surge and Costco Offers Gold – Here’s A Way To Own Gold if Your Money Is In a Retirement Account

The demand for physical precious metals has been rising since before the pandemic.  Central banks have been buying up ton after ton for two years. Nations and even some U.S. states are filling their coffers with physical precious metals.

Whether as a result of that or other factors, the price of gold has gone up in the weeks prior to 30 October 2023:

Now, Costco is offering gold bars to their members — and they’re selling out quickly.

According to a recent article on CNBC, the bars often disappear within hours of inventory getting stocked.

“Costco is well-known as a place to get bargain prices on any variety of items, from food to luggage to appliances to gold bars . . . Wait, gold bars? Yes, the retail warehousing giant is your one-stop shop for 1 ounce gold PAMP Suisse Lady Fortuna Veriscan bars, handsomely detailed and ready for purchase.”

That’s great for those who have extra cash available, but what about those who have their wealth tied up in retirement accounts?

Can they rollover or transfer their accounts into physical precious metals and keep it tax-deferred?

Genesis Gold Group says “Yes!”

Genesis Gold Group specializes in self-directed IRAs backed by gold and silver. As a Christian company, they believe this is an appropriate form of financial stewardship that puts Americans’ money on the fiscal high ground.

This isn’t “paper” or “virtual” gold or silver; Genesis Gold Group customers can physically see their precious metals at their convenience.

And when it comes time to take a disbursement, they can convert to cash or have their precious metals shipped directly to their homes.

Click here to reach out today through genesiswlt.com.

Genesis Gold Group was given 5 stars by reviewers on the Better Business Bureau website. Here is what some of them say:

“With the downward turn in the market, I have been wanting to transfer my IRA to gold/precious metals. I am so happy that I came across Genesis Gold Group. They made the process seamless . . . They have knowledge, care, and patience with newbies, like me. They kept me informed along the way and reached out several times to see if I had any questions or concerns. I highly recommend them to anyone interested in investing in precious metals.”

“They made it so easy to transfer part of the funds out of my company 401K to set up a precious metals IRA. Everyone I’ve dealt with there is friendly and knowledgeable.”

“The people at Genesis Gold Group have been very helpful to get my 401k from stocks and bonds to silver coins on deposit. They are patient and explained each step and answered my numerous questions along the way.”

To work with Genesis Gold Group to own precious metals via your retirement accounts, click here and reach out today.

Oh, and did you know Superman supports them too?

How cool is that!

Here’s Dean Cain:

(Note: Thank you for supporting American businesses like the one presenting a sponsored message below and working with them through the links below which benefits WLTReport. We appreciate your support and the opportunity to tell you about Genesis Gold!  The information provided by WLTReport or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.) 

RELATED:

Costco Gold Selling Out Within Hours…

Last week I told you that Costco would begin selling gold.

They have, and they can’t keep it in stock.

Selling out within hours!

As you know, I’m a big fan of gold and I’ve been telling you about it here for a while…

I was on this before Costco, which is why so many people love and trust our reporting…because we beat the MSM and now we’re beating the big retailers like Costco!

By the way, keep reading and I can get you connected with someone who has MUCH BETTER prices than Costco for gold and silver…

But first, the news:

From Breitbart:

Costco is apparently selling gold bars that consumers are snapping up at a record pace.

On Wednesday, CNBC described the gold bars as one-ounce gold PAMP Suisse Lady Fortuna Veriscan bars. They were reportedly being sold for approximately $1,900, the outlet said.

Costco’s chief financial officer, Richard Galanti, said Tuesday during the company’s quarterly earnings call that the bars were selling fast.

“I’ve gotten a couple of calls that people have seen online that we’ve been selling 1 ounce gold bars. Yes, but when we load them on the site, they’re typically gone within a few hours, and we limit two per member,” he commented.

When Breitbart News searched the Costco website Thursday morning, the company had listed the gold bars as a “Member Only Item,” and buyers must sign into their accounts to view the price:

And from ZeroHedge:

Just think about this for a moment: people are buying gold from Costco. This tells us that the average American has grown so weary of our government’s reckless spending and the Fed’s irresponsible monetary policy that they literally want to fill their shopping cart — online or in person — with something they know is real money. From People:

The retail giant has recently been selling 1 oz. bars of authentic 24-karat gold from South African mining company Rand Refinery and Swiss precious metal supplier PAMP Suisse on their website for $1,949.99 and $1,979.99, respectively, according to Insider.

According to the product details on Costco’s page, Rand Refinery’s gold bars are individually stamped with a unique serial number and arrive in a sealed black assay card, while PAMP Suisse’s gold bars are individually “controlled, registered, and secured” within CertiPAMP™ packaging with an official Assay Certificate and a digital certificate accessed with a QR Code.

Both items are non-refundable, provide air shipping via UPS and currently have a 4.9 out of 5 average rating on the company’s website, with one member writing on Rand Refinery’s gold bar customer rating that it was a “beautiful piece of gold” and “brand new.”

It’s an incredible commentary on the average American citizen. Americans are literally choosing to transact U.S. dollars for gold.

Now keep reading for our original report and for a place to get gold and silver with better pricing that Costco:

Costco To Begin Selling Gold

I love it when we beat the big players to the table.

We take great pride in our reporting and I love to see when that reporting is confirmed like what just happened here.

For the past few months we’ve been telling you that it might be time to look into Gold and Silver.

You know, “God’s Money”.

Since the beginning of time, that has been the only enduring sound money.

So it made sense, especially as they print the U.S. Dollar into oblivion.

When you can just print trillions of new Dollars whenever you want, it doesn’t take an economist to realize that soon the Dollars in your pocket have less value.

They’re literally “worth less” and in the future may even be entirely “worthless”.

But Gold and Silver have always endured.

We’ve been telling you over and over and what just happened this week?

Now Costco is telling you.

In addition to selling you 18 bottles of ketchup and a 32-pack of Mac-and-Cheese, Costco will now be selling GOLD.

Simple question, and again it doesn’t take an economist to figure this out: What do you think all that increased Demand is going to do to the price of Gold?

Yup.

This is a bit technical, but it shows just how well Gold has done recently:

Many are saying the Costco pricing is “not great” on Gold:

From The Daily Mail:

Bulk-buy retailer Costco starts selling GOLD worth up to £24,500 in its supermarkets – but shoppers are warned to be wary because of violent price fluctuations

Bulk-buy specialist Costco is now offering bars of gold for up to £24,500 a time

Experts warned people could be getting a poor deal after swings in gold market

The price of gold has risen 28 per cent in past 12 months, but it’s a volatile market

It’s not an item likely to be on the weekly shopping lists of many households – but one supermarket giant has started selling gold bullion alongside its everyday groceries.

Bulk-buy specialist Costco, more normally known for its ‘pile-’em-high, sell-’em-cheap’ philosophy, is now offering bars of the precious metal for up to £24,500 a time.

But experts last night warned shoppers they could be getting a poor deal, particularly after violent swings in the gold market this year.

While the company’s mark-up on gold is up to seven per cent on the market rate, it is also selling silver bars at a whopping 28 per cent premium.

Many investors have been turning to what they see as the security of gold this year, amid huge uncertainties in the world economy caused by Covid-19, international tensions and political discord in America.

But while the price of gold has risen by 28 per cent in the past 12 months to almost $1,900 (£1,469) an ounce, it is a volatile market, declining by more than six per cent in the past two months alone.

On September 24, Costco’s 100g bar was on sale for £4,939.99, when the market price for that much gold was £4,619.70 – equal to a seven per cent mark-up in store.

Now, take this and remember what Andy Schectman just told us….

Have you seen this?

Gold and Silver: “No one wants to sell at these make believe prices”

I’ve been telling you for a long time now that Gold and Silver are vastly undervalued.

I’m not a financial advisor and I can’t tell you what to do, but I can look at historical data and I can easily see that the current price of Gold and Silver makes no sense unless….it’s being manipulated.

Now who would want to do that?

And the more important question: will it go on forever, or do the manipulators eventually release the stretched rubber band and ride an explosion up?

I’ve you’ve been paying attention in life, you know the answer.

You know these crooks on Wall Street manipulate things down, ⭐️ then they load their boats, then they manipulate them up into a bubble.

Where are we in that process right now for commodities like Gold and Silver?

Right exactly where I placed that star up above.

⭐️ = You Are Here

The Big Boys are loading their boats.

But that’s not just my opinion.

I’m a nobody.

Listen to Andy Schectman who is an expert on these things and he lays it out PERFECTLY in two minutes.

Here’s my rough paraphrase:

“A concerted effort by the very powerful to use the suppression of commodities (gold, silver, but also a long list of all other commodities)…these countries are not complaining about suppressed low prices yet because they’re accumulating!  But once it becomes obvious that the availability of these commodities is very scarce and no one wants to sell at these “make believe prices” then the public says “OMG, what have we been missing?”  And maybe that all happens in concert with a breakdown of the banking system, then the public says “give it to me now” and that’s when you’ll see the circuit breakers be put into affect.  But at that point it’s too late.”

Oh my!

It’s so much better to listen to him explain it in his own words.

It’s just 2 minutes long.

Watch here (as presented by my friend the Digital Asset Investor):

But it’s not just Andy either.

It’s this latest interview over at SGT Report.

Sean does such a great job over there of interviewing people on topics the MSM doesn’t want you to see, and his latest is called “$1,000 Silver — Seriously, Stop Laughing”.

There’s actually a lot of history that goes into that quote and this was a great discussion by four very smart individuals.

Watch here:

I’ve been sounding the alarm for a while now…

Have you taken action?

As always, there’s one thing I always say and it’s never been proven wrong:  Watch what they DO, not what they SAY.

Who is “they”?

The same people Andy Schectman was talking about.

Big Governments.

Central Banks all over the world.

Big Business.

What are they doing?

They are LOADING THEIR BOATS with as much Gold and Silver as they can find and they’re laughing all the way to the bank because they’re buying at what Andy says are “make believe prices”.

Are you?

After the Great Financial Crash of 2008, I made a decision.

From that point forward, I would simply do what the Big Boys were doing.

I would simply watch what they’re doing and copy it.

Oh, and if they had Jim Cramer telling people the OPPOSITE (i.e. Cramer says Gold is a loser, but the Central Banks are buying with both fists) that was usually the perfect confirmation I needed.

So that’s been my strategy since 2008 and it’s worked very well for me.

Here’s more….

Here’s Why Banks Are Buying Up All of the Gold

I’ve got Jordan Peterson and Peter Schiff in a fascinating conversation about the Value of Gold.

And it’s not just some academic debate.

This could very soon be one of the most important things in your world when the U.S. Dollar crashes and gets its value cut in half….or worse.

These guys know what they’re talking about and this short 8 minute clip is definitely worth your time to watch.

I always say this: don’t listen to what the “Elites” tell you….watch what they are DOING.

And what are they doing?

Stacking gold and silver.

As much as they can get their hands on.

Look, I hope I’m wrong but I think we’re in for a massive event that is going to destroy bank accounts and destroy the U.S. Dollar.

So what happens to YOU when that happens?

Watch this and then scroll down for how I can help you stay safe right now….

Watch:

For those who can’t listen, here’s the transcript (and then scroll down for what YOU can do right now!  That’s the most important thing!):

One of the reasons that people are so arrogant particularly in America that the dollar status is not in jeopardy and so that we can keep on running these huge deficits we can create keep on creating inflation and the world’s got no choice right but to stick with the dollar because are they going to go to the euro are they going to go to the Yen you know the pound

I mean they’re winning B I agree all of those currencies also have problems and so do you really want to switch from one flawed fiat currency to another even if those other Fiat currencies may be less flawed than the dollar right

do you really want to make that shift I don’t think that that’s what’s going to happen what everybody is missing is that there is an alternative to the dollar that doesn’t involve another fiat currency and that’s gold

that is real money everybody forgets that for thousands of years gold was money it was money because it worked now over the course of time uh we had paper currencies that would rise and fall I mean hundreds of years ago they were paper currencies that are now worthless and you don’t even know their names

you know they come and go but gold has has stayed you know gold works as money and so I think what these central banks are going to do is as they get out of dollars they will just increase their Holdings of gold gold will be the monetary anchor gold will be the reserve monetary asset just the way it was before the dollar it wasn’t the British pound

I mean the British pound was a dominant currency but gold was what everybody owned the British back to pounds do you see any do you see any evidence that some of these alternate currencies are starting to back their currency claims with gold oh yeah you can what’s happening on the central banks are now buying more gold than they’ve bought in in in decades

especially a lot of the uh you know the Emerging Market countries not even maybe so much the United States isn’t buying any gold and maybe you know some of the more mature uh countries but a lot of other countries that had predominantly held dollars and then to a lower degree Euros or Yen or pounds these countries are increasingly buying gold that’s why gold is at a record high

I mean Gold’s around two thousand dollars an ounce but in terms of just about every other currency on the planet gold has been hitting all-time record highs uh and again that’s not really gold going up that’s all these Fiat currencies going down but what are the reasons that countries would want gold as opposed to the dollar is the US government doesn’t have any control over it

you know gold


,

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

log in

Forgot password?

reset password

Back to
log in
Leave a comment
Thanks for sharing!
Thanks for sharing!
We invite you to become a WLT Report insider. Sign up for our free email newsletter, and we'll make sure to keep you in the loop.