Or any other 22K gold coin that is sold for the same price as 24K? I've never been all that great at math and I apologize if I make any mistakes but I think I should be able to handle this (I'll be rounding). 22K=92% purity. A troy ounce is 31 grams, so for every ounce of 22K that you buy, you're throwing away roughly 2 1/2 grams of gold. One gram of gold (using current spot price $1200) is $39-at spot. So when you buy an American Gold Eagle or other 22K gold coin at these prices, you're throwing away about $100 worth of gold, and that number is not factoring in any premiums.
Here's where it gets absurd: You can currently buy a Maple (and all the purity that comes with it) on APMEX for $16 CHEAPER than the Eagle! For perspective if you were to buy 12 AGEs you just threw a full ounce of gold, $1200 worth today, right in the trash. You'd have to have 13 AGEs to equal the gold content of 12 Maples. Am I missing something or does this just really not make any sense?
Here's where it gets absurd: You can currently buy a Maple (and all the purity that comes with it) on APMEX for $16 CHEAPER than the Eagle! For perspective if you were to buy 12 AGEs you just threw a full ounce of gold, $1200 worth today, right in the trash. You'd have to have 13 AGEs to equal the gold content of 12 Maples. Am I missing something or does this just really not make any sense?
