AE vs. Buffaloes for my Gold IRA - Jacksonville Investor Seeks Input
- •Alright, so I’ve been building up my Gold IRA for a couple of years now, sitting on about $180k invested mostly in Eagles.
- •I work as a contractor down here in Jacksonville, so security and stability are huge for me.
- •I initially went with Eagles because of the government backing and their recognition, just felt like a safer bet.
Alright, so I’ve been building up my Gold IRA for a couple of years now, sitting on about $180k invested mostly in Eagles. I work as a contractor down here in Jacksonville, so security and stability are huge for me. I initially went with Eagles because of the government backing and their recognition, just felt like a safer bet. But lately, I’ve been seeing more and more threads singing the praises of the Buffaloes, especially for their purer gold content.
My concern is this: Am I missing out by sticking purely with the Eagles? I know the Buffaloes are 24k vs. the 22k of the Eagles, but the premium on the Buffaloes always felt a bit steep to justify. I'm not looking to actively trade these things, more of a long-term hedge against inflation and economic uncertainty. I ran some numbers on a Gold IRA Calculator the other day, just plugging in some hypothetical growth rates and current prices, and the pure gold weight difference of the Buffaloes does start to add up over a decade or two, even with the slightly higher initial cost.
For those of you who've gone with Buffaloes, especially in your IRA, what was your main reason? Did you consider the Eagles at all? And for the Eagle holders, do you ever feel like you should diversify into Buffaloes for that purer gold play? I'm debating whether to start allocating new contributions to Buffaloes, or if I should just stick with what I know works. Any insights from folks in a similar boat would be really appreciated.