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00:00All right, so until this video came out, nobody knew about this hack.
00:03This is a Costco. There's about 900 of them on this big blue earth,
00:07and people are making between $2,000 and $20,000 profit every week
00:11buying gold bars from Costco and selling them on the internet.
00:15You've got to know which cards to use, which hacks to use,
00:18how to get the right points, how to convert them.
00:20We're going to cover all that in this video so you can profit.
00:25All right, so there are about 14 Costcos in the Dallas-Fort Worth.
00:29We're Metroplex, and we want to see if any of them have any gold.
00:32So I'm going to call one in Plano, which isn't too far from where I live,
00:36and I want to find out how much they're selling it for, what the quantity is,
00:39but most importantly, do they even have it in stock, so.
00:45Costco Allen.
00:46Hey, do you have any gold in stock right now?
00:49Yes, we do. I'm sorry. I meant to say Costco West Plano.
00:51What is the price of it, and how many do you have in stock right now?
00:55So unfortunately, I'm not allowed to give the price over this fall.
00:57Okay. What about, like, stock quantity?
01:00Mm-hmm. Let me see the list.
01:0324 of them. We have plenty.
01:04All right, thanks. I'll be stopping by.
01:07Okay. Goodbye.
01:08All right, bye. Let's go buy some gold.
01:10If you want to buy five bars, you just need a disguise every time.
01:14You need five disguises in the car.
01:16Hello.
01:17How y'all doing?
01:18Good, good.
01:20Yep.
01:20There she is, the white whale. Good luck, dragon.
01:24So it's not the Lady Fortuna?
01:25No, so they have different ones.
01:27Have you bought that one before?
01:28Mm-hmm.
01:29Yeah, they come with, like, a nice little, uh, terrier encased.
01:33Mm.
01:34Okay.
01:35How's that price?
01:36Right now, I think it's, uh, just a little bit above the spot, so.
01:40It's like a good, it's a good price?
01:42Yeah, it's been repriced since yesterday, for sure.
01:44Can I get a bar of gold?
01:45Of course.
01:47What was it priced yesterday?
01:48Oh, we didn't have it yesterday. It just showed up today.
01:50Oh.
01:50Whenever they first put it up here, uh, it was going to be $100 more.
01:54Yeah.
01:54But then they wait for, like, the market to stop.
01:56Okay.
01:56It hasn't been this one in a long time.
01:58We have double dragons right now.
02:00Another lady bought ten, you know what I mean?
02:01Ten?
02:02Well, as long as you have two different memberships.
02:04Okay.
02:05Do you get a lot of people buying these?
02:06Hell yeah.
02:06They sold out within the hour last week.
02:09Wow.
02:09So, but this week looks to be, you're, like, the second person for some reason.
02:14Usually when it goes up, it should stop, but that was the opposite.
02:16Yeah, yeah.
02:17We're down and people aren't buying.
02:18Do you usually get them on Wednesdays?
02:20Mmm.
02:22It's been kind of Wednesdays.
02:23Yeah.
02:23I say call Wednesday morning, if not Wednesday morning, call Wednesday noon and, like, first
02:27come, first serve.
02:28Yeah.
02:29But it's kind of strange this week.
02:30It was the complete opposite last week.
02:32If it, like, by this point last week, you might be the one going to be the last one.
02:36Yeah, yeah.
02:37When it gets expensive, everyone wants to buy it.
02:39When it gets cheap, everyone's scared.
02:41It's weird.
02:42Yeah.
02:42Human nature.
02:43I bought it a week ago and it was $40 more on the, on the silver, but I don't care.
02:48Yeah.
02:48It's a couple dollars here and there, but you're buying the big boy stuff.
02:50I wouldn't mind having a little bit of that.
02:53Yeah.
02:54You already have some already?
02:54Yeah.
02:55Good.
02:55Yeah.
02:56There you go, man.
02:56I like it.
02:57Keep it and just look at that for a moment.
02:59Oh, that's awesome.
02:59And then put it away.
03:01What was that?
03:01Do people buy it just to flip it or do they buy it and hold it?
03:05A little bit of everything.
03:05A lot of people buy them to actually make jewelry.
03:08Oh, interesting.
03:09And a lot of people are holding to it and a lot of people don't even tell us what they're
03:13doing.
03:14Yeah.
03:14But I'm surprised that quite a bit are using it to send to overseas and have their jewelry
03:20manufactured.
03:21Interesting.
03:22Surprising.
03:22Yeah.
03:23Because I would think if someone comes back and buys five every time it's in stock, they're
03:26probably flipping it or making jewelry.
03:28You would think so.
03:29But I think with my bullion guy, I just call him our bullion guy.
03:34He's obsessed with this stuff.
03:35He just got into it years ago.
03:36People come to talk to him.
03:38Like, my buddy named Kevin.
03:39I don't know if he's here today.
03:40But he talks to people that it sounds like they've been holding for years.
03:45Decades.
03:46Yeah.
03:46And they only want to talk to him.
03:48I'm like, all right.
03:48Well, it's like, I don't really care enough about it.
03:51Yeah.
03:51But it sounds like there's some real whales around there.
03:54Okay.
03:54Serious whales.
03:55Like that lady who I sold, she bought 10, like that's our limit is five a day.
03:59But she had a business membership too.
04:01I'm like, she's walking with 50K in her pocket.
04:03Like, what is she doing?
04:05Yeah.
04:05Don't know.
04:07I'm not asking.
04:08You know?
04:09Yeah.
04:09Yeah.
04:09It could be their own business.
04:10But I assume some of these people have a plan.
04:13Because, dude, this is history.
04:15Yeah.
04:15I've never seen this before.
04:16How have you seen demand change over the last year?
04:19Like a year ago?
04:20Oh, so, well.
04:21When we first got it, like two and a half years ago, it was a, it was $17.49.
04:28And, man, people were buying it up within the moment.
04:31Like kind of how it was last week, that's what happened.
04:33Yeah.
04:33And actually hasn't been like that since last week.
04:36So, it would be for about three months, they would last two weeks not selling out of silver.
04:42Like not once selling out of silver.
04:44Yeah.
04:44Allen's store opened.
04:45We got the new Costco.
04:46We had Prosper and Allen opened.
04:47Before those stores opened, we had a higher quantity.
04:49When they opened, they had the higher quantity.
04:51Okay.
04:51To keep people over there.
04:52For a moment, they had gold.
04:54We did not.
04:54But this demand has gotten back up to, if it stays, maybe like the original time when we had it.
05:00Yeah.
05:00It was all over the news when we first got it there.
05:02Yeah, I remember.
05:03We had people, because we've never seen this before.
05:05Like, we had people asking from all sorts of places.
05:07I was like, is everybody watching the same news outlet?
05:09But it's on every outlet.
05:11Yeah.
05:11Was somebody in Washington, or sorry, somebody in like New York trying to, you know, mess up the market?
05:18That's what we were thinking.
05:19I don't know.
05:19But dude, like out of nowhere, people who've never collected.
05:22We've actually sold a lot to people who've never, ever, ever collected before.
05:25And they're like, is this a good idea?
05:25I'm like, I don't know.
05:26I'm not your financial advisor.
05:28Yeah.
05:28I like to put my money where I can know it's going to be immediately available.
05:31But savings is for people who have an investment eye.
05:34Yeah.
05:35Yourself?
05:35Yeah.
05:36I mean, I buy Bitcoin, mostly.
05:38So this is my physical Bitcoin, right?
05:40It's nice to know that it's not as volatile.
05:43Yes.
05:43But it would have been nice to get in Bitcoin when it was that price.
05:46Yeah.
05:46Seriously.
05:47Seriously.
05:47That's awesome, man.
05:48Cool.
05:49But if I were you, if you're trying to do this more consistently, give us a call in the morning, on Wednesdays.
05:53And like I said, give it another hour after, and then call again.
05:56Okay.
05:57But if you get here when the door opens, you have a chance of getting a good price.
06:00Yeah.
06:00Better price.
06:01Before they actually wait for the market to change.
06:03Yeah.
06:03It happened today, but you got to get, like, there.
06:06Yeah, yeah.
06:07Cool.
06:08All right.
06:09Yeah.
06:10I appreciate it.
06:10We haven't had anybody yet, but it's like, oh.
06:12Yeah.
06:13I don't know how that works, but whatever.
06:16Okay.
06:16All right.
06:16So I just picked up some gold here.
06:18$4,209.
06:21You go turn this into the cage, and they will pull it out of their safe and give me a bar of gold.
06:28And then I'm going to turn around and sell it immediately.
06:30$1,000.
06:31All right.
06:33There you go.
06:33All right.
06:34Thank you so much.
06:36There it is.
06:38Good luck, it says.
06:41I mean, you could buy a used motorcycle with this money.
06:45All right.
06:45So now that we have the bag, we've got the gold, we need to see if we can find a local gold
06:50buyer to buy it from us for about $41.50.
06:54Is that right?
06:55All right.
06:55So we're going to try Dallas Gold and Silver Exchange.
06:58Let's see what they have to say.
06:59Good afternoon, Dallas Gold and Silver.
07:01Yes, I have a one-ounce Lucky Dragon from Costco Gold.
07:04What would you pay for that today?
07:06Is it a bar?
07:07It's a bar.
07:08Yeah, one-ounce bar.
07:09Right now, we would buy it from you for $3,976.41.
07:15Okay.
07:17Oh, $3,946.
07:20So we can go online to a certain website and sell this for $41.50-ish, $41.60.
07:26So that is a bad price.
07:27We're going to try a couple more, but I'm betting you anything we're not going to get
07:31a good price from these local buyers because it's a smaller pond that we're fishing in.
07:35We want to go to the internet.
07:36And if you pay $30 to overnight something via FedEx, it's well worth it when the product
07:41is 100 times that.
07:43So let's go to Frisco Gold Buyers.
07:46I feel bad for hanging up on her, but we're just wasting each other's time.
07:49Connect you.
07:50Frisco Gold Buyers.
07:51Hey, I've got a one-ounce Gold Bar Double Dragon.
07:55What are you paying for those nowadays?
07:56A one-ounce Gold Bar?
07:57AI is taking notes.
07:58Yeah.
07:59You're looking at about $3,900 right now.
08:02All right.
08:03All right.
08:04So now we should go to FedEx or?
08:06Go on my phone and try to sell this to that company?
08:09Okay.
08:09So this is arguably the most important part of this entire transaction.
08:14Costco is special because they sell gold for below what they call the spot price or the
08:19market price.
08:20In any investment, you make your money on the buy, not the sell.
08:24So Costco ensures that we buy it right.
08:25But as we just saw, we can't sell this gold locally because local buyers are not willing
08:30to pay enough for it.
08:31We need a much bigger market.
08:33And so this website, CollectPure, they're a marketplace pitcher.
08:36eBay, if it were only for buying and selling precious metals.
08:40So we're not selling to CollectPure.
08:42We're selling to another individual that's buying through CollectPure.
08:45And then CollectPure plays the middleman.
08:48When they send me a FedEx label, it will go directly to CollectPure.
08:51They will take it out of the packaging and validate through their testing tools and materials
08:55that this goal is actually real.
08:57Then they will say, hey, buyer, trust me, this is real.
09:01Hey, seller, thank you for sending us real gold.
09:04And then they hold in escrow the gold from the buyer until they've tested it to make sure
09:09it's validated.
09:10This also prevents any buyers from saying, whoa, whoa, whoa, I never got the gold.
09:14The guy dropped it off my doorstep, but it never arrived.
09:16That's impossible because they only used sign-on delivery with FedEx.
09:21And they take a video of them repacking the gold after they test it to validate its authenticity.
09:27So I list it for sale on CollectPure.
09:29Once it sells, they send me a shipping label.
09:31And I go to FedEx, as you see here.
09:33I want to triple pack it because the packaging is free anyway.
09:36I might as well make sure that it's safe.
09:38Get a receipt.
09:39Take pictures of everything just in case.
09:41And then ship it off.
09:42CollectPure receives it.
09:43They unpack it.
09:44They validate it.
09:44They repack it.
09:45They pay me.
09:46They ship it to the eventual buyer.
09:48Everyone's happy.
09:49CollectPure takes a little bit of a profit in between.
09:51And then you do it over and over again.
09:53All right.
09:54The gold is now out of our hands.
09:55We went to FedEx.
09:56We printed a label.
09:57We triple packed it just to be safe.
09:59We took a picture of the bar just in case any funny business happens when it arrives.
10:03We want insurance.
10:05We want to keep our receipts because we're talking about thousands and or tens of thousands of dollars here.
10:10So now we wait to get paid.
10:12Now let's talk about how to actually make money from this scheme.
10:16You can earn up to 7% on this gold.
10:193% from your credit card.
10:20The Venmo card is great for this.
10:22Or 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.
10:32I'll put a list to all these resources in the show notes.
10:34So that's 3% from the credit card.
10:362% back from Costco.
10:38We're at 5%.
10:39And 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%.
10:48So you're going to lose 1% to 2% right off the bat when you sell the gold.
10:52But 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.
11:00Now that doesn't sound like a lot, but it can really add up if you're doing higher volumes.
11:04The hardest part about this whole scheme is having multiple Costco accounts, business and personal, and enough credit cards with enough cash back on each to manage all these purchases.
11:15And remember, it's going to take about 5 days before you can get your money back.
11:19So you've got to be able to float all those gold purchases throughout those 5 days.
11:23But my friend Brayden has a full tutorial on all this, and I'll put everything down below where you can go learn more.
11:28Please hit subscribe if you like this, share it with a friend, and we'll see you next time on the Kerner Office.
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