Gold Price Question - Coin Community Forum

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Author	Replies: 6 / Views: 961
Tpatna Pillar of the Community United States 1626 Posts	Posted 05/30/2008 09:06 am Looking at the following Website http://www.learcapital.com/qry/stor...a3daf40eeec5 Why is the 1oz American Gold Eagle more than the 1oz Gold Krugerrand Its like a $18 an oz difference? This website is realtime and the price changes as the market changes.... Can someone please tell me the difference in the two.. Thanks Report this Post to the Staff

Bilbo Pillar of the Community United States 812 Posts	Posted 05/30/2008 09:19 am Eagles are more popular than Krugerrands and carry a premium because of the greater demand. It is the same amount of gold. Report this Post to the Staff
trdhrdr007 Pillar of the Community United States 2335 Posts	Posted 05/30/2008 09:19 am It's my understanding that it's because of about market demand. For some reason people have always been willing to pay slightly more for Eagles than they will for Kruggerands. Report this Post to the Staff
hunter20ga Pillar of the Community United States 1173 Posts	Posted 05/30/2008 09:20 am I can only speculate, but it is likely a simple example of the law of supply and demand. More people want American Gold Eagles than want krugerands; thus the premium. You'll note that the Canadian Maple Leaf is slightly lower than the Eagle. Report this Post to the Staff
Tpatna Pillar of the Community United States 1626 Posts	Posted 05/30/2008 09:22 am Thanks everyone...I was kind of figuring that but wanted to make sure. Report this Post to the Staff
nohope587 Pillar of the Community United States 5953 Posts	Posted 05/30/2008 10:56 am My Dealer even pays a premium over spot for eagles... He usually buys for $5 over and sells for $25 over Report this Post to the Staff
morgantype Valued Member United States 164 Posts	Posted 05/30/2008 5:57 pm I had heard that the Gold Eagles can be purchased through retirement accounts (IRA, ROTH etc.) and other gold coins cannpt be purchased and still receive all of the tax advantages. That is why the price is a little higher, becuase the demand from these retirement accounts drives it up a bit. Report this Post to the Staff
	Replies: 6 / Views: 961

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