American Eagles vs. Buffaloes - what's the real deal?
- •Alright, so I’ve been holding physical gold in my IRA for about five years now.
- •Started with about 70k, mostly American Gold Eagles because, well, they're American, right?
- •Felt like a no-brainer, and my advisor down here in Fresno agreed.
Alright, so I’ve been holding physical gold in my IRA for about five years now. Started with about 70k, mostly American Gold Eagles because, well, they're American, right? Felt like a no-brainer, and my advisor down here in Fresno agreed. My business is mostly in ag, so I’m all about tangible assets that aren't gonna disappear in a puff of smoke. Seeing the price of things lately, especially with fuel for the farm, makes me feel good about having some of my retirement tied up in something real.
Lately, though, I’ve been hearing more and more chatter about Gold Buffaloes. Some folks online and even a couple of old-timers I know swear by them for liquidity or something about their purity. Eagles are 22k, Buffalos are 24k – I get that. But does that 2% really make that much of a difference when it comes time to sell, especially in an IRA? I'm not planning on cashing out anytime soon, mind you, but I do think about the future, especially when I eventually hit RMD age. I’ve even been looking at that RMD Calculator tool to get a better handle on what those distributions might look like down the road.
I’m thinking about adding another 20k or so to my Gold IRA this year, and I'm really torn on which way to go. What are the practical implications of choosing Buffalos over Eagles for a long-term IRA hold? Is it purely a premium thing, or is there some inherent advantage to the 24k purity that I'm missing? I know some people like the design better on one or the other, but honestly, that's not a huge factor for me. I’m thinking purely from an investment and eventual distribution standpoint.
Anyone here have strong feelings one way or the other, especially if you've had to liquidate either of these from an IRA? Is the premium usually the same if you're buying a comparable amount of gold, regardless of the coin type? Just trying to make the smartest move for my retirement, especially with how volatile everything seems these days.