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Old 07-03-2019, 03:16 PM
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Mark17 Mark17 is offline
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Quote:
Originally Posted by vintagetoppsguy View Post
As an American, I feel like I should be buying Eagles, but it just makes much more sense to buy Maple leafs. Not only because of the face value, but the fineness as well. The American Gold Eagle is only 22 karat gold (91.6% gold and 8.4% copper), but the Canadian Maple Leaf is 24 karat gold (.9999 pure). SilverTowne has the Maple Leafs for $1470.25 and the Eagles for $1488.95. Ummm...I'll take the less expensive one with more fineness, please.
All the reasons you mention, plus one:

Suppose it's 1933 scenario all over again, and the US government returns to a gold confiscation policy. Would you be feeling guilty you didn't buy American Eagles, or would you be thankful you bought Canadian Maples?

If you're holding Eagles, you might have to hide them for 50 years, but if you're holding Maples, a trip to catch a Blue jays game (and maybe a brief stop at a coin dealer's shop to sell some of your Maples) could convert your gold asset to liquid currency rather easily.
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