Gold hits all-time high of $2,560 per ounce, reflecting dollar’s weakness amid economic turmoil. For the first time ever, a bar of gold is worth a cool one million dollars.

Global economy is the titanic. Is sovereign debt the iceberg? Or the everything bubble?

— Argentum Pacifica (@AgPacifica) August 20, 2024

Ladies and gentlemen,

This is it. pic.twitter.com/cV2wb2m7r8

— Otavio (Tavi) Costa (@TaviCosta) August 19, 2024

Gold Bars Are Worth a Million Dollars for the First Time

The milestone was reached Friday, when the precious metal’s spot price surpassed $2,500 per troy ounce, an all-time high. With gold bars typically weighing about 400 ounces, that would make each one worth more than $1 million.