A 1 oz. 24-karat gold bar from South African company Rand Refinery or PAMP Suisse cost about $1,950 and $1,980, respectively Kimberlee Speakman is a digital writer at PEOPLE. She has been working ...

A 1-ounce PAMP gold bar on display at a Costco warehouse.Dominick Reuter/Business Insider He said he owned no gold until this year and only began collecting as the political and economic ...