Costco Gold Bar Flipping
Buy 1oz gold bars from Costco at near or below spot price, then resell them online through marketplaces like CollectPure for a profit. The real money comes from stacking credit card cashback rewards (3% from cards that categorize Costco as groceries), Costco's 2% executive membership reward, and an additional 2% from paying off the credit card with a debit card through a special service, totaling up to 7% back. After losing 1-2% on the gold sale itself, net profit is around 5% per transaction. Ship via FedEx with signature required. Scale by buying the 5-bar daily limit per membership.
Startup Budget
$4K – $25K
Difficulty
Intermediate
Business Type
Hybrid
Location
Urban
Time Commitment
Part-time
Revenue Potential
$2000-$20000/week profit at scale depending on volume and number of Costco memberships
Skills Needed
Watch the Full Breakdown
Watch on YouTube — Chris Koerner
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