I Tried the Costco Gold Hack (How Much I Actually Made)

All right. So, until this video came out, nobody knew about this hack. This is a Costco. There's about 900 of them on this Big [music] Blue Earth, and people are making between 2,000 and $20,000 profit every week buying gold bars from Costco and selling them on the internet. You've got to know which cards to use, which hacks to use, how to get the right points, how to convert them. We're going to cover all that in this video so [music] you can profit. All right. So, there are about 14 Costos in the Dallas Fort Worth Metroplex, and we want to see if any of them have any gold. So, I'm going to call one in Plano, which isn't too far from where I live, and I want to find out how much are they're selling it for, what the quantity is, but most importantly, do they even have it in stock? So, >> Costco Island, >> hey, do you have any um gold in stock right now? >> Yes, we do. I'm sorry. I meant to say Costco. What is the price of it and how many do you have in stock right now? >> Unfortunately, I'm not allowed to get the price over the phone. >> Okay. What about like stock quantity? >> Let me take a look. 24 of them. We have plenty. >> All right. Thanks. I'll be stopping by. >> Okay. Goodbye. >> All right. Bye. Let's go buy some gold. >> If you want to buy five bars, you just need a disguise every time. You need five disguises in the car. Hello. >> How y'all doing? >> Good. Good. >> Thank you. >> Yep. There she is. The white whale. Good luck, dragon. So, it's not the Lady Fortuna. >> No. So, they have different ones. >> Have you bought that one before? >> Mhm. >> Yeah. They come with like a nice little uh carrier in the case. >> Okay. How's that price >> right now? I think it's uh just a little bit above the spot, so >> a good It's a good price. >> Yeah, it's been repriced since yesterday, for sure. >> Can I get a bar gold? >> Of course. >> What was it priced yesterday? >> Oh, we didn't have it yesterday. It just showed up to date, but whenever they first put it up here, uh, it was going to be $100 more, but but then they wait for like the market to stop. >> Okay. >> Hasn't been this one in a long time. We have double dragons right now. Another lady bought 10. You know what I mean? Like >> 10. >> Well, as long as you have two different memberships. >> Okay. Do you get a lot of people buying these? >> Hell yeah. They sold out within the hour last week. >> Wow. >> So, but this week looks to be you're like the second person for some reason. >> Usually when it goes up, it should stop, but it was the opposite. And people aren't buying. >> Do you usually get them on Wednesdays? >> Been kind of Wednesdays. I say call Wednesday morning. If not Wednesday morning, call >> Wednesday noon and like first come first serve. >> Yeah. >> But it's kind of strange this week. It was the complete opposite last week. If it like by this point last week, it would you would might be the one being the last one. >> Yeah. Yeah. >> When it gets expensive, everyone wants to buy it. When it gets cheap, everyone's scared. >> It's weird. >> Yeah. >> Human nature. I bought it a week ago and it was $40 more on the on the silver, but I don't care. Like, >> yeah, >> it's a couple dollars here and there, but you're buying the big boy stuff. I wouldn't mind having a little bit of that. Already have some already or >> Yeah. >> Good. >> Yeah. >> There you go, man. >> I like it. >> Keep it and just look at that for a moment. Oh, that's awesome. And then put it away. >> Oh, what was that? >> Do Do people buy it just to flip it or do they buy it and hold it? >> A little bit of everything. Um, a lot of people buy them to actually make jewelry. >> Oh, interesting. >> A lot of that. Um and um a lot of people are holding too and a lot of people don't even tell us what they're doing. >> Yeah. >> But I surprised that quite a bit are using it to send to uh overseas and have their jewelry manufactured. >> Interesting. >> Surprising. >> Yeah. Cuz I would think if someone comes back and buys five every time it's in stock, they're probably flipping it or making jewelry. >> You would think so. Um but I think with my bullion guy, I just call him our bullion guy. He is obsessed with this stuff. He just got into it years ago. People come and talk to him like a buddy named Kevin. It's not I don't know if he's just here today, >> but he talks to people that it sounds like they've been holding for years, >> decades. >> Yeah. >> And they only want to talk to him. I'm like, "All right, well, it's like I don't really care enough about it." >> Yeah. >> But it sounds like there's some real whales around there. Okay. >> Serious whale. Like that lady who I sold, she's bought 10. Like that's her limit is five a day, but you know, she had a business membership, too. I'm like she's walking with 50k in her pocket. Like what is she doing? >> Yeah. don't know. Um I'm not asking, [laughter] you know, like could be their own business. But I >> I assume some of these people have a have a plan because dude, like what this is history. Never seen this before. >> How have you seen demand change over the last year? Like a year ago was it? >> So uh well, when we first got it, like 2 and 1/2 years ago, it was a uh we have it was 1749. >> Mhm. >> And man, people were buying it up within the moment like like kind of how it was last week. That's what happened. It was all over the news when we first got it though. Yeah, I remember. >> I We have people cuz we've never seen this before out of nowhere. People who've never collected. We've actually sold a lot to people who've never ever ever collected before and they're like, "Is this a good idea?" I'm like, "I don't." >> I'm not your financial adviser. >> Yeah. I like to put my money where I can know it's going to be immediately available, but savings is for people who have an investment eye. >> Yeah. >> Yourself? >> Yeah. I mean, I buy Bitcoin mostly. >> So, this is my physical Bitcoin, right? >> It's nice to know it's not as volatile. >> Yes. >> Uh but I would have been nice to get in Bitcoin when it was that price. Yeah. Seriously. Seriously. All right. So, I just picked up some gold here. $4,29. You go turn this into the cage and they will pull it out of their safe and give me a bar of gold and then I'm going to turn around and sell it immediately. >> All right. Thank you. >> All right. Thank you so much. >> There it is. Good luck. It says mwah. I mean, you could buy a used motorcycle with this money. All right. So, now that we have the bag, we've got the gold, we need to see if we can find a local gold buyer to buy it from us for about 4150. Is that right? All right. So, we're going to try Dallas Gold and Silver Exchange. Let's see what they have to say. >> Good afternoon, Dallas Gold. >> Yes. I have a 1 oz Lucky Dragon from Costco Gold. Um, what would you pay for that today? >> Is it a bar? >> It's a bar. Yeah. 1 oz bar >> right now is we would buy it from you for $3,97641. >> Okay, thank you. Oh, $3946. So, we can go online to a certain website and sell this for $4150ish. 4160. So, that is a bad price. We're going to try a couple more, but I'm betting you anything we're not going to get a good price from these local buyers cuz it's a smaller pond that we're fishing in. We we want to go to the internet. And if you pay $30 to overnight something via FedEx, it's well worth it when the product is 100 times that. So, let's go to Frisco Gold buyers. I feel bad for hanging up on her, but we're just wasting each other's time. >> Connect you. >> Frisco gold buyers. >> Hey, I've got a 1 oz gold bar double dragon. What are you paying for those nowadays? >> AI is taking notes. >> Yeah, >> you looking at about 3,900 right now. >> All right. Thank you. Um All right. So now we should go to FedEx or go on on my phone and try to sell this to that company. >> Okay, so this is arguably the most important part of this entire transaction. Costco is special because they sell gold for below what they call the spot price or the market price. In any investment, you make your money on the buy, not the sell. So Costco ensures that we buy it right. But as we just saw, we can't sell this gold locally because local buyers are not willing to pay enough for it. We need a much bigger market. And so this website, Collectpure, they're a marketplace, pitcher, eBay, if it were only for buying and selling precious metals. So we're not selling to Collectpure. We're selling to another individual that's buying through CollectPure. And then Collectpure plays the middleman. When they send me a FedEx label, it will go directly to Collectpure. They will take it out of the packaging and validate through their testing tools and materials that this goal is actually real. Then they will say, "Hey buyer, trust me, this is real. Hey seller, thank you for sending us real gold. And then they hold in escrow the gold from the buyer until they've tested it to make sure it's validated. This also prevents any buyers from saying, "Whoa, whoa, whoa. I never got the gold. The guy dropped it off my doorstep, but it never arrived." That's impossible because they only used sign on delivery with FedEx. And they take a video of them repacking the gold after they test it to validate its authenticity. So I list it for sale on Collect Pure. Once it sells, they send me a shipping label and I go to FedEx as you see here. I want to triple pack it because the packaging is free anyway. I might as well make sure that it's safe. Get a receipt, take pictures of everything just in case, and then ship it off. Collect Pure receives it, they unpack it, they validate it, they repack it, they pay me, they ship it to the eventual buyer, everyone's happy. Collectpure takes a little bit of a profit in between, and then you do it over and over again. All right, the gold is now out of our hands. We went to FedEx. We printed a label. We triple packed it just to be safe. We took a picture of the bar just in case any funny business happens when it arrives. We want we want insurance. We want to keep our receipts because we're talking about thousands andor tens of thousands of dollars here. So now we wait to get paid. Now let's talk about how to actually make money from this scheme. You can earn up to 7% on this gold. 3% from your credit card. The Venmo card is great for this. Or you can use credit cards that offer 3% cash back on groceries. assuming that they categorize Costco as a grocery purchase because not all credit cards do. I'll put a list to all these resources in the show notes. So, that's 3% from the credit card, 2% back from Costco. We're at five. And then there's a special company that enables you to pay off a credit card with a debit card and get 2% back in the process, which makes this a total of about 7%. So, you're going to lose 1 to 2% right off the bat when you sell the gold. But then hopefully you're going to make between 5 and 7% from all the cash back rewards, which will net you out at about 5% cash back total. Now, that doesn't sound like a lot, but it can really add up if you're doing higher volume. My friend Braden has a full tutorial on all this, and I'll put everything down below where you can go learn more. Please hit subscribe if you like this.

UPDATE! Didn’t mean to say Amex in the video, Costco doesn’t take Amex. Capital One Venture works great. Or any card that gives as much cash back as possible at Costco. For more details about EXACTLY how to do all this stuff, check out my good friend Brayden who showed me this hack in the first place! https://nuggethunters.carrd.co Check out my free newsletter at https://TKOPOD.com and join my community at https://TKOwners.com Thx for watching! ━ In this episode, I break down a wild opportunity most people have never even thought about. I show you how people are buying gold bars from Costco and flipping them online for real profits by stacking rewards, credit card points, and Costco perks. I walk through the exact process step by step, from finding gold in stock, to buying it the right way, to selling it online using a larger marketplace instead of local buyers. We also talk through the math behind the deal, how the cash back actually adds up, and what you need in place to make this work at scale. Links & Resources Mentioned: - Sell gold safely online using CollectPure: https://collectpure.com - Full step by step tutorial on stacking rewards and scaling this strategy from Brayden: https://nuggethunters.carrd.co Enjoy! ⸻ This video is for educational and entertainment purposes only. It does not constitute financial, business, or legal advice. Any business examples, tools, or strategies shown are for demonstration only and may not produce the same results for you. We do not guarantee earnings, outcomes, or success. Always conduct your own due diligence, comply with applicable laws, and use these ideas responsibly. We do not encourage duplication of copyrighted material or existing business assets. Always ensure your use complies with copyright and intellectual-property laws. Some links may be affiliate links, meaning I may earn a commission at no extra cost to you. --- Audio podcast on all podcast platforms: https://toolkit.tkopod.com/podcast Free weekly business ideas newsletter: https://tkopod.com Private community where we build cool businesses together: https://TKOwners.com Learn more about me: https://www.chrisjkoerner.com/ Business ideas shorts channel: ⁨ @thekoernerofficeideas The Koerner Office highlights: ⁨ @thekoernerofficesegments AI-enabled accounting software, because Quickbooks SUCKS: https://lazybooks.com/ --- For the Algorithm: #Gold #GoldBars #CostcoGold #GoldArbitrage #MakeMoney #SideHustle #BusinessIdeas #EasyMoney #PassiveIncome #CashBack #CreditCardHacks #Reselling #Flipping #Investing #PreciousMetals #GoldInvesting #CostcoFinds #CostcoHacks #OnlineReselling #Ecommerce #MoneyTips #WealthBuilding #ExtraIncome #BeginnerBusiness #LowRiskBusiness #FinancialTips #HowToMakeMoney #RetailArbitrage #GoldRush #SellOnline #InternetBusiness #SimpleBusiness #SmartMoney #ModernInvesting #PersonalFinance #Entrepreneurship #BusinessTips #HustleIdeas #MakeMoneyOnline