Gold eagles, IMHO, are overvalued. As well as silver eagles. The US Mint is very limited in their metal sources, unlike other minters.
A Troy ounce is just that - a troy ounce.
It is said: Gold will kill the FED; Silver will bury it.
^^^^^^^^^^^^
type II american silver eagle trading at a 69% premium to spot today.
what’s up with this?
The premiums over spot gold is crazy right now and from what is said, it’s because nation states, the Fed, and others are hoarding gold. One analyst recently stated that all the major mining companies are not finding any more gold, implying there is little left to be had.