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While not a typical outlet for the sale of precious metals, the members-only warehouse chain has seen its 1-ounce gold bars sell out faster than discounted 170-ounce jugs of laundry detergent.
Costco operates more than 845 stores in 14 countries. Sam’s boasts 599 Sam’s Club in the U.S. A BJ’s Wholesale club may be a little harder to find, with 231 clubs primarily on the East Coast.
“The wholesale retailer began selling gold online in September and 1 oz. gold bars on Friday were going for $2,069.99, with a limit of two bars per Costco membership,” CNN says.
BJ's Wholesale Club Holdings, Inc., commonly referred as BJ's, is an American regional membership-only warehouse club chain based in Marlborough, Massachusetts, operating in the eastern United States in addition to Ohio, Michigan, Indiana, and Tennessee, and Alabama.
The standard gold bar held and traded internationally by central banks and bullion dealers is the Good Delivery bar with a 400 ozt (12.4 kg; 27.4 lb) nominal weight. However, its precise gold content is permitted to vary between 350 ozt (10.9 kg; 24.0 lb) and 430 ozt (13.4 kg; 29.5 lb).
A standard BJ's membership costs $55 per year, and if you sign up now, the savings it provides can start paying you back this Memorial Day. If some of the millions of people who plan to travel over...
The proportions of silver and gold can vary widely. Doré bars weigh as much as 25 kg. During the 19th century gold rushes, gold nuggets and dust were melted into crude gold bars mistakenly called "bullion" by miners. They were, more accurately, doré bars with higher contents of silver and other adulterants than the mints would accept.
Your nearest BJ's Wholesale Club is full of big savings your budget will love this summer. Now through July 21, BJ's members can apply relevant coupons to select purchases and get summer food...