Costco Sales Pushing The Silver Price Higher…

➡ The price of silver has gone up a lot recently, and Costco has started selling silver coins. This is interesting because a lot of new investors are buying silver from Costco. Even though Costco isn’t making a lot of money from selling the coins, it’s attracting a lot of customers. Costco’s online sales have increased by 18.4% compared to last year, partly because of the silver and gold sales.

Hello everyone, economic ninja. I wish I could turn off one of these. Hello everyone, economic ninja. Sorry, my computer is going crazy. I can’t stand when you turn on a news story and all of a sudden it starts talking to you. Silver prices are up considerably today. As a matter of fact, what I want to talk about is Costco and what’s going on with silver. Silver is up almost 5% today at 29 63.

Silver started really pushing up about, I don’t know, four weeks ago, three weeks ago, there’s a story about Costco selling gold coins that we’ve went over and then they’ve also started selling silver coins as of a little while ago. And it’s interesting because silver sales are, I believe, pushing the needle because there are a lot of new investors moving into silver and they’re using Costco. And I want to go over that.

I want to go over the story of how much the silver is right now. It is quite an amazing deal, even considering the price rise today. Now it talks about launching its gold bars in the fall. Most recently, the wholesale, the retailer delved into silver putting tubes of 1oz canadian maple leafs coins up for sale online. This was last about two months ago, right. And people were actually complaining about it because they were getting not brilliant uncirculated coins, right.

But they were paying rock bottom prices as far as the over spot price. Now, I’ve just noticed that they started selling american eagles. Let me get to this part. It said second quarter e commerce sales showed strength in several areas, led by sales of gold and the very recently silver. So silver just came onto the circuit as of two, maybe three months ago. The company said in early March, Costco saw an 18.

4% year over year increase in its second quarter. Comparable e commerce sales. Now, first, I want to explain that Costco is not making a ton of money on the spread from them buying the coins and then selling them to the public. But this is drawing customers in pretty fast. Now, to show you what the cost difference is right now, as of right now, SD bullion’s best price on a 2024 eagle, silver eagle is as low as $36 an ounce.

And you would have to buy over 1500 ounces to get that price. Okay, so $36. 08. All right. If you only bought 20 silver eagles, you would pay $37. 08. Check this out. As of today, I jumped onto my Costco account. Let me see if I could find this. Show it to you right here. Well, I’ll just tell you. It’s $$669 for a tube of 21 tube of 2024 1oz.

American silver eagles. So now you know that they have taken away the, the blemish issue, like what they saw with the, the silver maples you can see right here, the tube of silver eagles. Right. Okay. So now $669 if you go and crank the math out on that real quick. And that’s including delivery. And the reason why I tell you this is because you know that I’ve had affiliate links, but my job is to get you the best price possible.

Right. 669. There’s no affiliate links here. Right. Divided by 20 is $33. 45 an eagle. 33. 45. Now, I’m not a massive fan of eagles. I like buying the cheapest bullion possible. Right. I love silver buffaloes rounds. I like the tax advantages of those. And I like that I’m buying them for between, you know, fifty cents and a dollar as of right now. Actually, I can’t say that because with the silver price going up, usually people dive in.

But I like paying the cheapest price possible, so I get more silver for the dollars that I’m spending. However, when you see a silver eagle for this low over spot and including shipping, that’s an incredible deal, I believe. And then if you couple this, if you’re a Costco member and you’re coupling or using the cross credit card and you’re getting cash back on top of that, it’s a big deal.

And I think what you’re going to see in the near future is that I believe that silver could have a pullback. Absolutely right. Because we’re talking technical analysis, we’re talking about trading emotions, things like that, we’ll definitely see a pullback. I can’t tell you when that’s going to happen right now, but if you look at what’s going on with just Walmart and now Costco moving into silver coins, it’s becoming more mainstream.

It’s all over the news. And you’re going to see that news spread like wildfire, which is going to. I mean, just the other day, a buddy, a good buddy of mine, he’s got a YouTube channel. He is a subscriber. I convinced him to start a YouTube channel. It’s called World Money wins. And his name is Blaine and he started a YouTube channel. He finds, like. Okay. And all he does is talks about his gold and silver and, and he shows his hands and he talks about the gold and silver buys.

Fox News has him on yesterday talking about the Costco story. This is what I’m telling you, how amazing this is. When you jump in, you go, you know what? I’m gonna start channel. You know what I’m gonna do? And he. He’s on Fox News Live. How awesome is that? And the reason why Fox News had him on, not only because one of the producers follows him, but it’s because they know that the people are starting to speak.

They know that the people are shifting their emotions and their purchases away from frivolous things into things that have substance. Now, I’ve told you that I believe that silver is going to be the trade of a century. Silver is my favorite investment, regardless of its price, both on the spiritual side and on the monetary history side. I believe silver is amazing. Okay? I believe that everyone should have.

And at the Dallas meetup last night, we had, like, 30 people show up and a lady for the first time, because a couple people pulled silver coins out of their pockets, she got to feel that sensation of them falling into each other and that frequency in your hand. It’s unlike anything else. I’m not telling you to go put all your money into it. You should go buy two coins and try the little experiment and ask yourself, what is it with our money system? What’s different? It’ll be the greatest education you ever got.

And it only cost you about, well, today, $37 or 30. Sorry. Dollar 67 for two coins. Go take a look at the Costco price right now on the 24 American Eagles. 2024 American Eagles. I think it’s amazing. I think we silver has a bright, bright future, and that is not no play on words. I think it’s an exciting time. Again, be careful. Don’t put all your money into one basket.

I believe you’re going to see, on a percentage basis, bitcoin kick silver’s butt in the near term. And then I can’t wait to swap into that silver on a much bigger scale. That’s why I’m teaching people about how to buy crypto right now. Anyway, thank you so much for watching. Really appreciate your time. Go and crush it. The economic ninja is out. .

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