Eagles vs. Buffalos - My 20-year take, with a Detroit twist.
- •I've seen the Eagles vs.
- •Most of my holdings, roughly 70% of my initial $500k investment (now worth a fair bit more, thankfully), started with American Gold Eagles.
- •My first few monster boxes were all Eagles.
I've seen the Eagles vs. Buffalos debate pop up here a few times, and as someone who's been holding physical gold for over two decades now, I figured I'd throw my two cents in. Most of my holdings, roughly 70% of my initial $500k investment (now worth a fair bit more, thankfully), started with American Gold Eagles. Back in the late 90s, when I was still grinding away at Ford, they just seemed like the obvious choice – recognizable, government-backed, and easy to find from reputable dealers.
My first few monster boxes were all Eagles. I liked the perceived security, the history. But then around 2010 or so, as I was nearing retirement and started looking to diversify not just my holdings but the types of gold I held, I started picking up Buffalos. The pure 24k content was a draw, and honestly, the design really grew on me. I’ve probably got about 15-20% of my current physical stack in Buffalos these days. I started noticing that slight premium difference between the two, and while it's usually negligible for smaller purchases, when you're talking about taking delivery of, say, 100 ounces for your IRA, those small differences can stack up. I got hit with a surprise small premium on a batch of Buffalos once that I didn't account for, probably stung more because I was already out of the auto plant and watching every penny.
For me, it honestly comes down to personal preference for a good chunk of it now. Both are excellent choices for an IRA. The Eagles have that bit of copper/silver alloy which makes them tougher, less prone to dings. Given I'm not exactly dropping them on the concrete floor of my garage here in Royal Oak, it's not a huge factor, but it's something. For ease of selling down the line, I doubt there'll be much difference either way, especially if the SHTF scenario we all plan for ever materializes. My question to you all is: if you had $50,000 to deploy into new physical gold today for your IRA, would you go 100% Eagles, 100% Buffalos, or split it? And why?
I'm genuinely curious if the new generation of investors leans one way or another more strongly. My strategy has always been about long-term wealth preservation, and so far, it's served me well enough to enjoy my retirement comfortably after all those years at the plant.