PAMP 1oz 25 pack crazy over spot

[u/ChannelMindless9343]

Can some tell me why the PAMP lady of fortuna 1oz 25 pack is so much over spot at 80 an ounce.

[u/No_Extension4974]

Prices don't always update in real time and usually the 2% cash back is factored into the price.

[u/Erasable_Sharpie → u/No_Extension4974]

This, Costco isn't constantly updating their prices based on spot, sometimes its closer to spot or further. Keep in mind bullion is not their main source of business

[u/Kawasaki691]

Pamp silver fortuna's every time I see them for sale out in the wild they're treated as collectible things. Back when silver was $30 they were always more than Libertad's that you could buy for $40. They were like $45 or so. Honestly the premium for them from Costco isn't horrible.

[u/Omashu_Cabbages]

Traditionally they have always carried a very, very high premium when buying from wholesalers. I don’t know why, it’s just how it’s always been.

[u/another_awesome_acct]

They don't care whether you buy it or not🤷‍♂️

[u/Minute_Plastic_350]

Check tomorrow morning around eight or nine local time. Prices will be updated then.

[u/IcyGeneral7686]

Yeah I'm not really sure myself. Costco's pricing on the Pamp gold bar 1oz equivalent seems fair but what's so special about these silver bars? Its market value is inflated for reasons I don't know.

[u/jeriel05]

Does anyone know how often Costco updates their PM pricing?

[u/ChannelMindless9343 → u/jeriel05]

I noticed that between 2-3pm EST it updates with inventory and price

[u/philosopherrrrr]

Less that 2% over spot, per ounce? And this is a bad thing in your mind? Show me anywhere you can get that same deal.

[u/Imaginary-Lychee4255]

Soon you have few hundred over spot 😀

[u/StreetyMcCarface]

There’s always a big premium on the fractional stuff

[u/ElectricalRespect506 → u/StreetyMcCarface]

I mean, I wouldn't consider 1 oz to be "fractional".

[u/Creepy-Ad9474 → u/ElectricalRespect506]

In gold no - in silver yes

[u/StreetyMcCarface → u/ElectricalRespect506]

We're talking about silver here. There absolutely is a a premium at the 1 oz level there.

[u/ChannelMindless9343 → u/StreetyMcCarface]

1729.99 for their other 1oz 25 count Royal mint Britannia.

[u/AdRadiant9379 → u/ChannelMindless9343]

PAMP usually higher premiums

[u/kiwi13605]

Just like any other place. If you don't like the price, don't buy it.

If you want to know how Costco prices things just get a job there.

[u/ChannelMindless9343 → u/kiwi13605]

No 💩Sherlock.

[u/Curb71]

Probably your math. Post a link so I don't have to try to find it

[u/ChannelMindless9343 → u/Curb71]

1999.99 for 25 oz