If you snagged a Costco gold bar last year — you're in luck, because this is how much it's worth now

All gains, baby.

Gold prices have soared to historic levels, so if you bought one of the coveted Costco gold bars last year — you’ve already made a nice profit.

On Wednesday, an ounce of gold was worth $3,549 before dipping slightly to $3,557 on Thursday, according to Fox News .

That’s roughly a 42% increase, more than $1,000, from $2,495 per ounce a year ago. 3

Americans often clutch onto their gold whenever they’re concerned about the economy — so experts blame this jump in value on inflation concerns, geopolitical tension and increasing bets on Federal Reserve rate cuts. 3

“With two wars ongoing, trade tensions, U.S. debt concerns and fears over [Federal Reserve] independence, gold’s traditional ‘fear hedge’ role remains strong,” Jon Ulin, a certified financial planner,