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 ...

This means you get more gold for your money when you purchase larger bars. Smaller bars, while offering flexibility, come with slightly higher premiums. However, this added cost is often ...