deals400 ozt gold bars for $438,000.00

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hahahahahahahahahahahahahahahahahahahahahahaha. i'm so glad you posted this! i haven't seen enough of these other sarcastic deals! can't get enough!!!!11!!!1! keep it up!!!!!!!!!!1

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If only it came with a free Louis Vuitton bag, then life would be complete.

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Sarcastic????? I'm in for 3

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Considering liquidating my assets to put everything I have into Bar form. Has to be easier to manage a few gold bars than it is to manage stocks and worldly possessions.

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What is the reason for this? Do people really go "Wow, this is funny" when they post it? I really dont get it.

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ROFL! What a deal, I ordered a dozen!

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i had it in my cart, but the shipping is too much, i mean $50 to send a little bar of gold :)

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I wonder if its still $5 shipping, like on Woot!?

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i just bought 10 with some change i had laying around, that coin-star machine wasn't liking me much.

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This is actually just under $1000 over the market value of 400ozt of gold...but if you bought this six months ago you would be looking at around 15% return on investment. Not bad for that short of time.

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Dang I think I am few $s short... Any coupons for free shipping?

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Great idea for Valentine's Day

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I didn't think this is was a joke. I haven't looked too much into gold to know if this is a good deal or not, but actually gold would be safer than stock. If I could afford something like this, I'd be interested.

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Building a new wing on my mansion using these as bricks and can't get enough to satify my needs.

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My experience is that Kitco is a reputable company, offering good value - website has handy charts and current prices.
You do want to get the lowest price from a reputable dealer.
The different forms (ingots, bullion coins, collectible coins, etc.) have various plusses and minuses.
Ingots can be a little hard to resell, because they are the easiest to counterfeit.
Modern US gold bullion coins have better resale value, and are easier to cash in anonymously (since the "Patriot" act) than their foreign (Canadian, Chinese, Australian, etc.) counterparts. That is to say you can cash in an unlimited number at a broker without giving your SSN. (At least this was still true 5 years ago)
In addition to gold, there are other metals people buy for hedging.Gold is a precious metal that is not rare. It has many uses - some industrial, and largely for Jewelry. (cont'd)

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Platinum is a precious metal that is truly rare. It's uses today are mostly industrial. Despite having similar heft, it is not largely used in jewelry for many reasons - two reasons being appearance and the difficulty of working with the metal (it is very hard and has a high melting temp).
Silver is (to my way of thinking) a semi-precious metal that is relatively scarce. It has a lot of uses, both industrial and decorative. It used to be used heavily in the photographic industry, and that has been declining steadily with the digital revolution.
Generally, smaller amounts of gold are easier to store and resell.
(Yes, eventually you will want to resell it.)
I worked at a broker for a summer and let me tell you - hauling around a 90-pound bar of silver is not fun.
(cont'd)

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There's a lot of interesting history surrounding metals and politics.
For example, the Chinese once got ahold of too much of England's silver via selling them tea. So the Brits retaliated by bringing in boatloads of opium to China. They would accept only silver in payment for it, and did not seem to care that the Chinese ended up hopelessly addicted as a result.
For God and country.
In God We Trvst.

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I have been considering making a few small purchases of gold and silver, but I'm so suspicious of advertised businesses. (The money for the advertising had to come from somewhere....)

I like that these guys tell you up front what the differential is between the spot-market bullion price and the coin/bar price. Very nice.

So, while shikemd may have posted this as a goof, I found it very useful.

I haven't decided yet if I'm going to move any significant portion of my portfolio (which, I don't mean to brag, may mean moving many dozens of dollars) into precious metals. But many thanks for the company link.

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@stthomas: Excellent information!

I'm curious on one thing, in your experience, did the silver bullion have the same kind of tarnish issues that silverware and silver tea sets have?

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im curious as to why everyone continues to vote this up, its not like the "average" deal monger is going to have $438,000 to lay down on some raw gold that has no true use. i wish woot would put some hard rules down as to the kinds of deals that can be posted and then delete those that are just stupid (such as this) very similer as to what they do in the product discussions. leave the truly funny ones and the relevant ones, the rest go.

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at least gold is appreciating in value, where stocks are not... The dollar is crap against other world currencies.. The problem is, these keep tearing holes in my pants pockets, and the corner deli doesn't give dubloons for change anymore..

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Does anyone know if this is compatible with the iphone?

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Dang, I don't have quite enough... Does anyone know where a 50% off coupon is?

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I don't really "get" these kinds of deals either. :shrug:

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Ok... It hasn't been asked.... "Will this work on my MAC?"

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Does the $5 shipping charge still apply?

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I love seeing what is out there that I would never have imagined! Who has 400k to spend in the internet? That blows my mind. Gold sure is pretty stuff!

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@bizman69: Seriously dude... I laughed out loud...

I think I will sell the island that I bought last week from the post and get one or two of these... I mean with global warming... islands seem like a bad investment. :D

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In for 8...because everyone knows paper money is worthless! Thanks OP for bringing me back to the good old days where money was backed by gold!

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After I receive mine I am going to send it into cash for gold and see how much I can get for it. Only then will I be able to believe how legit the business is.

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hmm 1000.00 over spot, heck i would sell it too! buy your gold from a numismatic dealer and pay spot +1/2%

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No really. How do I order? I clicked on the link and the page has no payment or any other way to place an order!?!!???

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This will go great with my other Gold Bars! Thanks

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nevermind, I found it. I'm with the rest of you guys, I will at least take one.

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Oh man! I just bought 3 of these for $20 more a few weeks ago. Don't you hate when that happens?

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@lavikinga: Louis Vuitton--quality products made in San Dimas, CA. (not kidding--have been to the factory.)

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To made my golden car!!! yeah, in for two!!!

Includes free shipping!!!!

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$1095 /oz? With gold currently selling between $995 and $1090 per OZ, this is way over priced .. yeah, THAT'S why Im not buying it ;-) lol

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Random crap, random crap, random crap...

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Does it come in any color besides gold?

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I'm glad that at least around 20% of you understood this post. Of course I don't seriously expect that anyone on this site will buy a 400 ozt bar. But you might go look and pick up a 1 ozt coin. I think we're in for some bad 1970s style inflation, or maybe even worse. When a pizza costs $50 you'll be glad you stored some of your wealth in metals. Silver is indeed a good place to look to and is much more affordable. One final word: understand the difference between bullion coins and collectible coins. In 1933 FDR called in all gold and silver, but collectible coins were not subject to the confiscation. The value of collectible coins is also higher than the equivalent weight bullion and less volatile.

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I bought this when it was offered at $436,500. It had a bit of dross on one of the corners, so I'm kind of questioning the whole .9999 percent pure thing. But, maybe that's why it was discounted. When the mailman brought it to the house, I rushed out to open it. He was amazed at it's beauty. Unfortunately, it was stolen from my house while I was at work one day. The police are still investigating and I have no clue who would have taken it.

tl2 tl2
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no "12 months, same as cash" option, no care

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Is shipping insurance available?

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I'll buy one with my new Chase Sapphire... Helllooooo crazy points!!

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Where's the "Scratch and Dent" bars? I can't afford the shinny ones.