Month: April 2022

“Higher inflation is very bullish for gold and very bearish for the US dollar”.

— Precious Metals Advisor Tim Murphy

The fiat market has been experiencing a lot of pressure and uncertainty lately, especially the US dollar. Rising inflation is causing people to lose faith in the stability of government-backed currencies and associated assets. Many investors are turning towards precious metals instead.

However, the Fed’s plan to raise interest rates is causing some confusion. Economists are telling the public that hiking interest rates won’t boost gold and silver prices, but there’s more to the issue than meets the eye.
Watch the video to hear what Precious Metals Advisor Joe Elkjer & Tim Murphy are saying about the impact of impending rate hikes on precious metals.

Will Rate Hikes Spell Disaster for Precious Metals?

Generally speaking, higher interest rates aren’t good for gold and silver price performance in the short term. The reality is a bit more complicated though. The reason behind rising interest rates has a bearing on the price action of precious metals.

In this case, the Fed is boosting interest rates in an attempt to curb inflation. As many investors are aware, inflation tends to drive gold and silver prices higher and the value of the US dollar down.

Suggested Reading: Bank of America Still Bullish on Gold and Silver: Any Dip in Price is a Strong Buying Opportunity

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Inflation Could Heat Up Over the Summer

Inflation is getting out of control, and people are feeling the strain in every area of their lives. It seems like every week, the government is putting out gloomier numbers. Unfortunately, there’s reason to believe the state of inflation is much worse than our financial czars are revealing.

As if things weren’t painful enough, some economists are anticipating an uptick in inflation during the summer. Countries around the world are expected to struggle to produce goods and commodities which further strains the already troubled global market.

The Fall of the Petrodollar & Rise of Currency Wars

All of this economic instability is shaking up the current hierarchy on the global stage and not in the US’s favor. The petrodollar, which has solidified the greenback’s position as the world’s reserve currency, is coming under threat with the rise of the petroyuan.

On top of that, Russia and China are engaged in an all-out currency war in an attempt to dethrone the dollar. Both countries have been hoarding gold for the past few years and actively avoiding trading with other countries in USD.

Protect Yourself Against Inflation with Precious Metals

Despite what some people might fear, the Fed’s rate hikes aren’t expected to stop the precious metals market from continuing its surge. Even with the recent dip, gold and silver prices are actually anticipated to continue growing as more and more investors seek these inflation hedges to protect their wealth against worsening inflation.

If you want to learn more about how precious metals can shield you from poor economic conditions, request your FREE COPY of our popular gold and silver investment guide.

You can buy American Eagle Gold Coins through a reputable gold and silver dealer. These coins are a timeless American classic that appeal to collectors and investors alike. You’ll find precious metals dealers locally or online and the U.S. Mint even publishes a list of trusted dealers to help ensure customers are getting ahold of genuine Gold Eagles.

Popularity and demand for these coins continues to grow. In fact, since its creation in 1986, more than 22 million ounces have been sold. And, in Q1 2022, the U.S. Mint reported its strongest gold bullion demand in 23 years, selling 155,500 ounces of American Eagle Gold Coins alone.

Buying Options for Gold Eagles

American Eagle Gold Bullion Coins can be purchased in four weights. You’ll choose from a one ounce, half ounce, quarter ounce or tenth ounce. They are also available in bullion, proof or uncirculated grades.

Buying Gold Eagle Bullion Coins

You can’t buy Gold Eagle bullion coins directly from the U.S. Mint, so your best option is to find a trusted coin dealer. The government will only sell to authorized dealers so you’ll want to make sure the dealer you choose has met the strict requirements needed to be listed in the U.S. Mint’s list of authorized sellers.

Buying Gold Eagle Proof and Uncirculated Coins

Unlike bullion coins, you can buy Proof and Uncirculated Gold Eagles from the U.S. Mint. Proof coins are made using a process that provides a beautiful, virtually flawless finish. These are produced in smaller quantities and come in leather or velvet cases that include the official authentication paperwork.

Uncirculated coins are also made using the highest standards of minting, but unlike proof coins, have a matte finish. The best time to buy a Proof or Uncirculated Gold Eagle directly from The U.S. Mint is shortly following a particular year’s release. Once these sell out for the year, they will not be available until the next year’s edition is released.

Where to Buy Gold Eagles Locally

No matter where you live, there’s sure to be an authorized coin dealer near you that carries these popular gold coins. Buying Gold Eagles from a reputable dealer will give you the peace of mind in knowing you are getting a good value on your purchase. And, if you purchase from a dealer like Scottsdale Bullion & Coin, you’ll also be able to speak with precious metal advisors who can introduce you to other great coins or help you determine the best way to invest in precious metals.

Shopping through a dealer also means you’ll have your Gold Eagle as soon as you make the purchase. Plus, if there are any issues with your order, you’ll know exactly where to find the people who sold you the coins so you can resolve any issues quickly.

Two key things you should consider when looking for a precious metals dealer:

1. Check the U.S. Mint List of Authorized Dealers

Make this your first stop when looking for dealers carrying Gold Eagles. The directory of bullion dealers will only show you dealers in good standing with the U.S. Mint so you’ll know you are getting a fair price on an authentic coin. You’ll get no such assurances through private sellers on eBay or Craigslist.

2. Make Sure the Dealer You Choose is Established

Typically, the longer a dealer has been in business, the better. They’ll have an established history of customer service and qualified advisors with years of experience who can help you make an informed purchase.

Can You Buy American Gold Eagles From a Bank?

Banks are listed as an official distributor for the U.S. Mint, but it is becoming increasingly rare to find banks that have gold coins in stock. You could end up calling banks or driving around for hours with no luck. It’s a better option, and an easier one, to do business with a dealer specializing in the precious metals marketplace.

Buying Gold Eagles Online

You can buy Gold Eagles online, but just like any online purchase, there is risk involved. While there are plenty of reputable places to buy gold coins online, there are just as many unscrupulous vendors looking to take advantage of unsuspecting buyers.

Here are a couple ways you can help yourself avoid scams and make sure you know where to buy Gold Eagles.

1. Look for Reviews and Testimonials

You can learn a lot about a company by reading reviews and testimonials. Before you buy Gold Eagles online, be sure to get a good sense of what customers are saying about the dealer you are considering. Check out the BBB, Google, or another popular external review website and read those reviews.

2. Know the Buyback Policy

Any reputable precious metals dealer will have a buyback policy. If you can’t find this information from a dealer you are thinking of working with, it’s probably time to shop elsewhere. When dealers are transparent about their buyback policy, it’s a good indication they put their customers first and stand behind the quality of their products and services.

 Suggested Reading: How to Spot a Fake American Eagle Gold Coin

Are Gold Eagles a Sound Investment?

American Gold Eagle Coins are a great way to diversify your precious metals portfolio. Whether you choose bullion, proof or uncirculated coins, you know you are getting a product that is minted and backed by the U.S. Mint. Right now is a great time to invest in gold with analysts expecting continued gains and Gold Eagles are a great way to make a sound investment.

How Much Are Gold Eagles Worth?

While a one-ounce coin is stamped with a $50 value and can be used as legal tender, it’s worth much more in metal content alone. These coins also have the potential to rise in value beyond their weight in metal based on their availability and collectability. This is especially true with proof and uncirculated Gold Eagles. To get an idea of the current value, check the live spot price of gold.

Where Can I Buy Gold Eagles in Arizona?

Your first choice for buying Gold Eagles should always be your local coin dealer. You’ll be able to speak with them about your purchase and follow up afterward with any questions or concerns about your purchase.

Remember to check the U.S. Mint’s list of dealers to make sure your local supplier is an authorized seller.

You can also get in touch with the investment team at Scottsdale Bullion & Coin in Scottsdale, Arizona. Their experienced advisors will help you build a plan and diversify your portfolio with Gold Eagles, bullion and other precious metals.

You can learn more about Scottsdale Bullion & Coin and how to build a solid investment strategy by requesting a free Precious Metals Investor Guide!

Some Key Facts About Gold Eagle Coins

The American Eagle Gold Coin was first minted in 1986 and was inspired by the famed Augustus Saint-Gaudens’ Double Eagle Gold Coin, which was in circulation from 1907 through 1933. The Double Eagle is considered one of the most historically important and beautiful coins.

Gold Eagles pay homage to the original with a timeless design and high content of 22-karat gold. The year 2021 marked the 35th anniversary of the Gold Eagle program, which was celebrated with a refreshed design commemorating the original Augustus Saint-Gaudens’ Double Eagle Gold Coin.

Gold Eagle Design Features

The American Eagle Gold coins feature classic artwork with modifications made by renowned artists, making them a great addition to a collection or investment portfolio.

Obverse

The obverse side features a striking rendition of Saint-Gaudens’ original design of Lady Liberty, her hair flowing and a torch in one hand with an olive branch in the other. The inscription includes the word LIBERTY along with the coin’s release year, weight and face value.

Reverse

Until 2021, the reverse side of Gold Eagle coins depicted an eagle with an olive branch in its talons above a nest with eagle hatchlings. Since 2021, the reverse features a portrait of an eagle. The inscription on the reverse reads UNITED STATES OF AMERICA with the words E PLURIBUS UNUM and IN GOD WE TRUST. The newer type 2 Gold Eagle coin design also includes enhanced security in the form of reeded edge variation.

Diversify Your Portfolio With Silver as Well

If you love American Eagle Gold Coins, you may want to consider adding some silver to your collection or investment portfolio as well. The U.S. Mint also makes a 1 oz Silver Eagle coin in bullion, proof and uncirculated options. In fact, you can buy Silver Eagles through many of the same authorized dealers selling Gold Eagles.