AE vs. Buffalo's - what are your thoughts?

Joseph Harris

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AE vs. Buffalo's - what are your thoughts?

joseph_harris📊Growing (50-100k)

about 2 months ago

Key Takeaways

•Being in the music industry here in Nashville, stable assets feel more important than ever, you know?
•I ended up going mostly with Eagles for now, especially for the 1oz coins.
•My thinking was the slightly higher premium on the Buffalo was a deterrent for a portfolio my size.

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Alright, so I’m sure this has been beaten to death, but I’ve been heavily researching American Gold Eagles versus Gold Buffalos for my new Gold IRA, and I'd love to hear some current opinions. I just rolled over about $75k from my old 401k a few months back – finally decided to get serious about diversifying after seeing how crazy the market's been. Being in the music industry here in Nashville, stable assets feel more important than ever, you know?

I ended up going mostly with Eagles for now, especially for the 1oz coins. My thinking was the slightly higher premium on the Buffalo was a deterrent for a portfolio my size. Plus, the 22K alloy of the Eagle with the copper and silver gives it a bit more durability, or so I’ve read. I mean, these aren't going to be sitting in my guitar case, but still, peace of mind!

But I keep seeing people swear by the Buffalos for their 24K purity, supposedly a purer investment. Is that really enough of a factor to justify the extra premium for a long-term hold in an IRA? I'm talking about like a 10-15 year horizon here. For anyone who's accumulated a decent amount, what was your big decider? And for those thinking about getting started, have you used that Tax Calculator tool for finding tax implications with either of these? It helped me get my head around things.

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5 comments

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Best Answer▲ 9 upvotes

gary_stewart📊Growing (50-100k)

Hey, good question! Both are solid choices for a gold IRA. Since you're weighing them, a helpful tip might be to consider the premium differences. Sometimes Buffalos have a slightly lower premium over spot, which can add up on a larger purchase like yours. However, Eagles are often seen as more recognizable globally if you ever needed to liquidate outside the US for some reason, though that's less of a concern for an IRA.

Here's a decent article that breaks down some of the pros and cons of each specifically for IRAs: Investopedia - Gold Buffalo vs. American Gold Eagle. Might give you some more angles to consider!

Comments (5)

laura_sanchez💰Established (100-250k)Real Investor✓ Verified•about 2 months ago

Oh man, this brings back memories! I had the exact same dilemma when I rolled over my 401k a couple of years ago. I spent way too long down the rabbit hole of forums and YouTube videos comparing the two. Ended up going with a mix, mostly AE, just for that "classic" feel, but tossed in a few Buffalos too. No regrets so far!

ashley_baker💼Starter (0-50k)✓ Verified•about 2 months ago

Hey, cool you're diving into this! You mentioned you rolled over $75k a few months ago – did you already put that into some other gold, or is that the amount you're looking to allocate to either AEs or Buffalos now?

betty_king📊Growing (50-100k)•about 2 months ago

Honestly, while everyone obsesses over Eagles vs. Buffalos, I think it's a bit of a red herring for a Gold IRA. Both are excellent choices, and the slight premiums or aesthetic differences are probably negligible in the long run compared to the overall market movement of gold itself. You're getting the same amount of gold either way. Focus more on a reputable dealer and securing your assets, rather than splitting hairs over which coin's a little prettier.

gary_stewart📊Growing (50-100k)•about 2 months ago

Here's a decent article that breaks down some of the pros and cons of each specifically for IRAs: Investopedia - Gold Buffalo vs. American Gold Eagle. Might give you some more angles to consider!

ruth_perez📊Growing (50-100k)•about 2 months ago

Totally agree with you on the research rabbit hole! I went through the exact same thing when I opened my Gold IRA last year. Ended up going with Buffalos for pretty much the same reasons you're probably leaning that way – slightly lower premium and they just look amazing. Haven't regretted it!

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