NST 3.28% $15.11 northern star resources ltd

Sales of Costco gold bars are now limited to five per customer...

  1. 485 Posts.
    lightbulb Created with Sketch. 148
    Using your 'back of envelope' figures.

    A billion dollars in 'windfall' profits, on around a billion shares.

    Split the additional profits between the company and the share holders, means an additional 50 cents per share on annual dividends, for a total of 80 cents.

    Now watch the share price move upwards to its 'authentic' valuation, rather than the managed price, suiting nefarious interests.

    And at $US3000 gold, sometime later this year, that is another billion dollars in 'windfall' profits, so repeat and rinse! smile.png



    And also, when can we buy gold at Woolworths/Coles and friends? Imagine the conversations, at the checkouts, and the media interviews smile.png

    Costco in the US sells gold bars..

    "You've probably read about the fact that we're selling one-ounce gold bars. We sold over $100 million of gold during the quarter," sad CFO Richard Galenti.

    Now, Wells Fargo estimates that Costco "may now be running at" $100 million to $200 million per month in gold sales.

    "Our work suggests there has been significant interest given COST’s aggressive pricing and high level of customer trust," said analyst Edward Kelly in a Tuesday note to clients. "The accelerating frequency of Reddit posts, quick on-line sell-outs of product, and COST’s robust monthly eComm sales suggests a sharp uptick in momentum since the launch," CNBC reports.

    Costco is selling one-ounce bars made of nearly pure 24-karat gold. While the price is not disclosed online to nonmembers, it’s estimated that the product generally sells for about 2% above the spot price, which as of Tuesday morning was around $2,357 an ounce. That would put the price at Costco just over $2,400.

    Sales of Costco gold bars are now limited to five per customer (up from two), while executive members receive 2% back. Those who use their Citigroup credit cards will receive a further 2%.




 
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