Made a Killing on Gold Rounds - Vegas investor checks in
- •Just wanted to share a little wins/progress report from my gold investment strategy.
- •Been in Gold IRAs for about, oh, almost ten years now.
- •Started dabbling back when gold was around $1200-$1300 an ounce, mostly with those 1 oz American Gold Eagle and Canadian Maple Leaf coins.
Just wanted to share a little wins/progress report from my gold investment strategy. Been in Gold IRAs for about, oh, almost ten years now. Started dabbling back when gold was around $1200-$1300 an ounce, mostly with those 1 oz American Gold Eagle and Canadian Maple Leaf coins. Had a fair chunk in it, maybe $100k of my portfolio at the time, seeing as how I was getting a little antsy with the stock market volatility. Working in the casinos my whole life, you learn a thing or two about risk, and sometimes you just gotta hedge your bets.
My big play, though, was shifting a good portion of that into gold rounds a few years later. Went pretty heavy into those 1 oz Buffalo and Prospector rounds when the premium over spot was practically nothing. I’m based here in Vegas, and there are always a few good local dealers who will cut you a deal if you’re buying in quantity. I remember picking up a particularly large order when gold dipped to around $1700 - $1800 an ounce, thinking it was a steal. The lower premiums on rounds really helped me stack more physical ounces for my buck.
Fast forward to today, and with gold hovering around $2300-$2400, I'm feeling pretty damn good about that decision. My initial $100k is now comfortably sitting around $180-$200k, not counting additional contributions I’ve made over the years. The rounds have performed just as well as the sovereign coins, but the significantly lower premiums on entry meant a much better cost basis for me. It’s not "get rich quick" money, but it's a solid, reliable gain that’s been a great ballast for my overall portfolio.
Anyone else here go heavy on rounds over coins for this exact reason? Or have you found the premiums on coins are worth it for other reasons (liquidity, recognition)? Curious to hear other strategies, especially those who've been at this as long as I have. Always learning!