Quote:
Originally Posted by retiredguy123
If you buy a $12,000 ring from Costco, you can return it 10 or 15 years later and get a full refund. If you buy a $12,000 ring from a local jewelry store, you have 2 to 3 weeks to return it for a store credit, no refund. To me, it is a no brainer to buy all of your expensive jewelry from Costco.
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Assuming that a gold with diamonds ring is worth $12,000 today and it is undamaged 15 years from today, then in that future it would be worth $12,000 times whatever the inflation multiplier would be. So Costco could be buying back a ring NOW worth $100,000 for ONLY $12,000. So, they get a good sales pitch,, but it won't cost Costco anything.