I dropped by a well established coin dealer this week to inquire about getting gold coins.   The local shop owner had a few American eagles and no Canadian Maples on hand.   He was selling gold for $109 over spot which is about a 15% premium.  He did have plenty of Krugerrand coins and was pushing hard to unload Krugs but they have a much lower content of gold 91.67%  within the coin itself even though the weight is adjusted to actually contain 1 oz of gold within total.

I prefer the Canadian Maples which are 99.999% gold first then the American Eagles which contain a similar composition to the Kruggerand.   Unfortunately, the US Mint seems to have stopped selling American Eagles and no one seems to have Canadian Maples.

There are all sorts of crazy rumours running about on the internet about what is happening to all these precious metals but I won’t cover them here but I will say that things seem to be unfolding very similarly to Ayn Rand’s Atlas Shrugged.   If you haven’t read that book, you need to put it on your book list!