Now I've noticed more ads touting buying gold to preserve wealth. These are dealers that have purchased gold from the US Mint and various other sources. They are starting to sell more aggressively, because they know the demand is there and plus the price of gold is rising. The more buyers for a supply that remains relatively constant or even slightly decreasing, will cause prices to move up even more. What is being touted for purchase? American Gold Eagles. I've researched this and have come to the conclusion, that for the best bang for your buck in legal tender gold coins, it's NOT the American Gold Eagle. Other legal tender gold coins; such as, the Canadian Maple Leaf, Austrian Philharmonic, Chinese Panda, Australian Nuggets and even the US Gold Buffalo are better deals in my opinion.
Why? Those coins are 24k gold which is .999 fine gold (I think it's not 100%, because they add .001 of a hardener alloys. Pure gold is extremely malleable). The American Gold Eagle is 22K (.916) gold. Not a huge amount of difference in content, but a difference just the same. The market may not care about the difference, but should the investor? Maybe or maybe not. I guess that depends upon how much gold you have and how high gold prices will rise when the dollar tanks.
UPDATE:
I don't know what I'm talking about here. Fineness of less than .999 / 24k (pure gold) 1 oz gold, such as 22k American Gold Eagle, does not mean there is less gold in 1 troy oz coins. It means there are more "other" metals in there, like copper and silver. Consquently, a 22k gold coin will weigh a bit more than a troy oz. due to the added metal alloys. It still has 1 troy oz. of pure gold.
Never mind .......
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