Can I get cashback on gold purchase with chase?

Malkytheheed

Bigwheels1111 said:

Malkytheheed said:

Bigwheels1111 said:

Malkytheheed said:

Gold bullion 

At what price ?.
For what size.
The selling % hurts.
Tavex buy coins back at 0.03%, others charge double or more.

What you on about? That's not my question at all. 

I just wanted to point out that the 1% cashback is irrelevant.
You pay more for the gold than it’s worth.
So you are loosing money the second you buy it.
If your ok with that buy buy buy.

Of course you pay more than spot price. That is how the world works. Nobody get spot price gold. It's not bought to flip, nor is the price stable. You aren't "loosing money" the second you buy it unless you sell it the second you buy it. It's bought as a long term store of wealth. It's just a diversification. An asset that should hedge against inflation. 

Malkytheheed

lr1277 said:

I don't know for definite so the following are speculative questions.

If you are buying at Costco, how would Chase know you are buying gold? Unless you have to go to a special till?

Say you bought frozen food, a bunch of bakery goods and the gold on one purchase (at a regular till), how would Costco differentiate those items to Chase?

If you bought gold at bullion dealer, then I suspect Chase would know. If you have to go to a specialist till at Costco, then I suspect Chase would know.

I bought some, yes they do take you to a specialist till. So I guess I won't get the cashback, but thats fine.