The American eagle bullion coin is one of the most popular gold coins in the world. Investors buy American eagle gold coins with no questions asked. This is due to the trust the US mint and government has earned over the years. In addition, the American eagle gold coin is one of the few gold coins approved by the IRS for an IRA account.
American eagle bullion coins are produced by the US mint. Gold collectors and investors appreciate the rarity and value of the American gold Eagle. These coins were first introduced in 1986 and are still been produced today. Depending on the weight, and rarity of the coin in question, gold eagles can be purchased for reasonable premiums over the market price of gold. In this post, we will analyze the American eagle bullion coins and the reasons for an investor to go ahead and actually invest in American eagle bullion coins.
Investing in gold nowadays is necessary for the following reasons:
- To protect and preserve wealth from unexpected events.
- Gold is a hedge when the stock market is not expected to do well.
- Portfolio diversification.
- The weak dollar
- The loss of confidence in central banks
- Geopolitical uncertainty (Middle East, Brexit, ISIS, North Korea, Hong Kong.)
- The US-China trade war.
- The covid-19 triggered financial crisis
The design of the American Gold Eagle is one of the most easily identifiable in the world. The obverse of the coin features the image of Lady Liberty depicted with flowing hair, a torch in her right hand, and an olive branch in her left, and the US capitol building in the left background. The reverse of the coin depicts a male eagle with an olive branch in his Talos flying over a female eagle and her hatchlings in their nest.
American eagle gold coins are guaranteed by the American government. In particular the US government guarantees, their gold weight, purity, and content. In addition, the American eagle gold bullion coins are legally eligible for precious metals IRAs. (Individual Retirement Accounts) These accounts are tax-free growth or tax-deferred which means that you pay no tax upfront and can start saving right away. If you are interested you might as well have a word with your financial advisor about this.
Furthermore, the American eagle bullion coins are also one of the most widely traded bullion coins in America, typically affording investors narrow spreads between buying and selling prices.