For example, the price of gold has increased substantially over the last few weeks, climbing from under $2,100 per ounce in early March to today's price of $2,379.76. That marks a 13% increase in a short period — and given today's usual economic environment, the upward trend may continue, at least for the near future.

Imaru Casanova, a portfolio manager at Van Eck, also likes the outlook for mining stocks and precious-metals royalty and streaming companies.

Gold futures on Wednesday stood at $2,407 per ounce in mid-morning trading. Costco's gold bars cost a bit less than that, if you can find them.

Many local coin shops offer 1-ounce gold bars for sale. These establishments can provide personalized service and may offer competitive prices, particularly for those willing to negotiate. The employees also typically have deep expertise in the precious metals market and can provide valuable insights to help you make informed purchasing decisions.

The price of gold has been in rally mode since the start of 2024 and analysts at one major bank think it can go a lot higher.In a report for investors,