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Premiums on 2022 American Eagle Bullion Coins have dropped significantly since release
Many investors are wondering if now is a good time to buy precious metals? The answer is simple.
Usually, it's part of a strategy that suggests owning precious metals as part of a balanced portfolio that includes a diverse mix of assets.
Precious metals ownership is on the rise as many see buying gold and silver coins as an alternative to keeping money in a savings account.
There is a lot of economic uncertainty ahead as the US economy struggles to recover from the pandemic and the political divide.
Interest rate increases have been announced by the Federal Reserve and this is likely to have trickle down effects on all interest rates and credit in the economy.
Variable rate mortgages and credit cards are likely to be the first consumer credit products that may see increases later this year.
While rising interest rates can be seen as a positive influence on savings accounts, the reality today is that fees and other charges from banks erode the value.
Rising inflation continues to bring many to buy precious metals as a way to protect their savings some of the uncertainty ahead.
During pre-sales in January, the premiums on American Gold Eagle 1 oz was 7.3% over spot price at the time.
Today, dealer premiums are as low as 4.65% when compared to pricing data from January 2.
American investors are buying gold eagles at record numbers. Stacking gold coins at home has become popular amongst everyday Americans needing a safe place to save money.
According to cumulative sales and mintage reports released from the US Mint, sales of American Eagle Gold coins have exceeded 181,500 troy ounces so far this year.
That is more than 6.22 tons of gold eagles in the hands of Americans so far this year.
Dealer prices are updated around the clock giving precious metals buyers real-time access to the best possible pricing at time of purchase.
The secondary market provides the lowest premiums for investors looking for the best store of value. Premiums on random year gold eagles are often substantially lower than current year coins.
FindBullionPrices.com leads the industry in providing investors with cutting-edge specialized price and product search tools that are unique to the precious metals industry.
Visit FindBullionPrices.com to find the best prices to buy American Eagle Gold Coins.