Eagles vs. Buffalos - which one do you prefer for your IRA?
- •I've been thinking a lot about my Gold IRA lately, especially with all the market craziness.
- •I opened mine a couple of years ago when I started seeing my retirement savings in my 401k just kind of… flatline.
- •As a nurse here in Seattle, I'm used to a certain level of stability, and the stock market just wasn't cutting it for my peace of mind.
I've been thinking a lot about my Gold IRA lately, especially with all the market craziness. I opened mine a couple of years ago when I started seeing my retirement savings in my 401k just kind of… flatline. As a nurse here in Seattle, I'm used to a certain level of stability, and the stock market just wasn't cutting it for my peace of mind. I put about $75k into physical gold and silver, mostly to diversify and have some real assets not tied to the banking system.
My custodian offered me a choice between American Gold Eagles and American Gold Buffalos. I ended up going with a mix, but I lean heavily towards the Eagles. The premium was a little lower, and I like having that extra bit of copper baked into the coin for durability. Plus, that Walking Liberty design is just classic. My husband thinks I'm overthinking it and that gold is gold, but I feel like there's a certain aesthetic and recognizability that comes with Eagles. I mostly have 1oz coins, but I did get a handful of fractional ones just to have them.
I was playing around with that Gold IRA Calculator over at calculator.goldirablueprint.com/ the other day, just seeing how my initial investment might have performed – not that I plan on selling anytime soon, this is definitely long-term for me – and it got me thinking about the coin selection again. What's everyone else's preference for their Gold IRA, and why? Do you go for Eagles, Buffalos, or something else entirely? Does the premium difference sway you, or do you have a strong preference for the purer Buffalo?