Eagles vs. Buffalos for my Gold IRA rollover - Little
- •Okay, so I'm FINALLY getting serious about rolling over a significant chunk of my old 403(b) into a Gold IRA.
- •Been meaning to do this for ages, especially with all the economic uncertainty out there.
- •I'm looking at parking about $75k-80k in physical gold.
Okay, so I'm FINALLY getting serious about rolling over a significant chunk of my old 403(b) into a Gold IRA. Been meaning to do this for ages, especially with all the economic uncertainty out there. I'm looking at parking about $75k-80k in physical gold. As a principal here in Little Rock, I preach financial literacy, but when it comes to the nitty-gritty of precious metals, I'm finding myself a bit overwhelmed by the choices. My biggest hang-up right now is the American Gold Eagle vs. American Gold Buffalo debate.
From what I understand, Eagles have that 22k purity (91.67%) and Buffalos are 24k (.9999 fine). My initial thought was "always go for the purest," so the Buffalo seemed like a no-brainer. But then I started reading about the durability of Eagles, given the alloy, and how they might be more resistant to dings and scratches, which is a consideration since these are physical assets. Also, I've heard Eagles sometimes have a slightly higher premium, but then again, their recognition is huge, both here in the US and internationally. Is that premium really worth it?
I'm planning to hold these long-term, probably until I retire in another 10-12 years. Liquidity isn't my primary concern, but it's definitely in the back of my mind. What do you all think? For a Gold IRA rollover of this size, which makes more sense? Are the small differences in purity or durability really a big deal in the grand scheme of things for a retirement account? Has anyone here invested in both? What was your experience?