I got the same email from St George Bank Panama.
The price for GOLD is enough, the only way to know if a good deal depends on:
- Actually, have a silver status?
- Will take advantage of luggage benefits in Copa, will get 3 luggage of 32 kgs.
- Increase the upgrade benefits when flight in short routes, typical less of 3 hours flights (except Monday and Fridays) where is easy get upgrade to Business class. In long routes like Brazil, LAX, JFK, EZE ...... typically donīt get upgrade for GOLD members (everything's full)
- Use a lounge, especially in Europe or Asia airports where are greats
- Use a Start alliance benefits like preferred lines and 1 extra luggage for free.
Just with the baggage allowance alone, this pays for itself.