So this coin not only contains 1 troy oz of gold but also a bit of silver and copper to make up the other 9% composition? Is that why it goes at a higher premium since theres some silver in there too?
Austin Price
When are the spot prices announced lads
William Gomez
its mixed with copper for strength since it is an actual coin. the 9% you mention is .9%. it still contains 1 real ounce of gold so it weights a bit more
Aaron Evans
thank you miner bros and Aurcana shills! joined the stonk party in 3 weeks ago
also the 2020 coin has been announced to have shortages for this year. being american also carries a premium. at least in the US
Grayson Evans
Yeah I like how the coins look more than bars as well, I just didn't want to pay a big premium over the melt value. Still trying to decide. I bought 4 PAMP 1oz bars today but I might start buying coins one a week instead. I have 125k in IAU that I want to start converting into physical.
Royalty companies are generally safer than miners, but even they carry risks, like over-spending, or under-capitalization. In my opinion, the greatest amount of money (100-400x) is going to be made in the silver miners like Impact, Aurcana, and Bayhorse. But it all depends on how strongly you believe in PMs and how much risk you are willing to undertake. I don't have any doubt in my mind that silver is going to soar, so I don't buy royalty companies, I simply go straight to the miners with proven ounces in the ground.
Jace Phillips
Wow what a unique and clever argument that we've certainly never heard before!
This is retarded unless you're boomer investing and don't want any risk. Both companies will probably 2 bag eventually but you're probably better off getting physical if you want to play it safe. Get a good mid tier producer if you want to play it safe. You won't be getting any 10+ baggers at all though.
