The ultra-rich who own $1 million gold bars probably aren't focused on profits amid soaring gold prices, experts say

Tech Insider : Economy
Workers stack ingots on top of each other at Russia's leading gold refining and bar manufacturing plant, in Novosibirsk, Russia
Most of the time, large-format gold bars never leave the storage vaults where they're kept under meticulous security.

Alexander Manzyuk/Anadolu Agency via Getty Images

Gold experts explain what the record-high prices really mean

Tech Insider : Economy
An employee shows an ingot of 99.99 percent pure gold at Russia's leading gold refining and bar manufacturing plant, in Novosibirsk, Russia.
The spot price of gold recently hit the $2,500 threshold, valuing a 400 troy ounce gold bar at $1 million.

Alexander Manzyuk/Anadolu Agency via Getty Images

3 things Costco shoppers should know before buying gold bars

Tech Insider
gold bars
An employee holds gold pieces, each weighing 100 grams, at the state-owned mining company PT Antam Tbk metal refinery in Jakarta, July 13, 2012.

REUTERS/Beawiharta

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