The design for American Eagle Gold Coin – in God we trust. And in Gold we trust

The American Eagle Gold Coin is an officeal gold bullion coins of United States starting from 1986. It was produced by United States Mint. The composition of the gold coins included 91.67% gold, 3% silver and 5.33% Copper. Therefore, the fineness of this gold coin is just 22K.

The obverse of the gold coin depicts the figure of Lady Liberty. And the reverse design features a male eagle carrying an olive branch flying above a female eagle and her baby.

Let me tell you something special about American Eagle Gold Coins.

For the Eagle minted in 1986-1991, they are dated with Roman Numerals. And starting from 1992, US mint changed to use Arabic numerals for dating Gold American Eagle Coins. 

Here is the gold coin in 1990 with dated with Roman Numerals “MCMXC”.

And starting mid 2021, the reserve design of American Eagle Gold Coin changes again! It features a side profile of a Bald ealge.

The new design is stunning!                    

As the the new design is launching in mid of 2021, the collectors around the world will definitely collect the old designs of American Eagle Gold Coins especially the old design dated year 2021 and the those dated with Roman Numerals.

The Story Behind The 1933 Double Eagle

The 1933 Double Eagle Coin.

Source: https://commons.m.wikimedia.org/wiki/File:NNC-US-1933-G$20-Saint_Gaudens.jpg#mw-jump-to-license


The change of design for American Eagle gold coin triggers me to study the history or development of the American gold coins. And there is a fascinated story about the Amercian gold coins development in 1933 – The most famous gold coin – The 1933 Double Eagle Gold Coin.

I believe that most people will remember that in 1930s, US was in the bank crisis. In 1933, in order to end the 1930s general bank crisis, US president Franklin D. Roosevelt issued an important executive order – Executive Order 6102.

This Executive order 6102 was about:

  • All persons are required to deliver all gold coins and all gold bullion products which owned by them to Federal Reserve Bank.

It made:

The 1933 Double Eagle: America’s last gold coin struck for circulation and the last gold coin that can be legally owned by an individual.

However, a number of 1933 Double Eagle Gold Coins were stolen or rescured before melting and those stolen coins found their way into the hands of collectors before later being recovered. Some of the 1933 Double Eagle Gold Coins were acquired by King Farouk of Egypt who was a professional collector of many things.

In 2002, one of the 1933 Double eagle was sold to an anonymous bidder at a Stacks Bowers action in New York for USD 6.6 million.

In 2021, the coins was sold for more than USD 18 million.

If one day, you discover this 1933 Double Eagle Gold Coin, remember its story behind this gold coin.

Robert Kiyosaki suggested: Buy silver bullion now to prepare for the next decade

Silver Bullions


The famous author of RICH DAD POOR DAD as well as a famous investor indicated the importance of buying silver bullion. In his opinion, silver is the most undervalued, lowest risk, and best investment of all assets classes. He said that he would invest in silver U.S. Eagles today, not tomorrow. However, he would stop accumulating silver when silver spot get over USD 40 per troy ounce.

Robert Kiyosaki believe that globel pensions collapase will be one of the biggest threats that we will see the next 10 years. He does not think the governments and central banks will know a clear perspective to respond to this massive multi-trillion-USD global crisis. 

He suggested that “If you have no gold or Silver, start accumulating today, and do not worry about price.” “I believe that when the panic hits, gold and silver will disappear from markets as prices climb.” He also pointed out.

Physical bullion products like gold and silver are very traditional investment tools and people use it for long long time. Let wait and see whether the wisdom and experience of older people will win the monetary games.

Let me know you thought.

Transitory Inflation Sparks the Fears of Economic Slowdown

The Federal Reserve left interest rate and monetery policy unchanged. This indicates that the US is incomplete economic recovery until now.

Some economic experts believe that Federal Reserve will be wrong on inflation being temporary. From my point of view, it is quite difficult to predict inflation at this moment. Fears about the highly contagious Delta variant of Covid-19 leading to another round of economic slowdown. However, rising infection cases will cause more supply chain interruptions leading to more inflation. 

Meanwhile, some leading companies expressed that they are passing rising costs along to consumers which point out that some inflation will stick around.

As there are industry raw material inflation and higher transportation costs, implementing additional prices increases become necessary.

Another concern is that it is stagflation instead of transitory inflation. That toxic combination of slowing growth and rising prices is a real risk and a dangerous signal of stagflation.

Theoretically, stagflation will trigger bullish markets for commodity and bullions. If there is rising inflation, investors will look at hard assets including bullion markets, like Gold, Silver, Platinum.

Do you believe that bullions prices are starting to rise again?

Let me know your thought.

1 oz gold Canadian Maple Leaf Coin

The World is Digitizing

The World is Digitizing

“Paper money is going away.” Elon Musk

“Good morning, boss.” It is 8:30 early in the morning.

“Good morning. It’s great to see you again in my office. You know I missed your backchat.”

 I wink and give him a smile. “I missed you too”

“So, tell me about your long holiday.” He feels like he is very interested in my vacation.

“Well…”

“I’m so glad to tell you that I bought an iPhone for myself. Therefore, no Privacy now.”

“Yes, no one can live without a smartphone during lockdowns.” I totally agree with him.

“Amazon, Facebook, Google, Blah Blah Blah. They have everything they want finally.” He murmurs.

“The whole world is going cashless and paper money is going away.” He continues.

“There is no solution.” This is impossible to go against the big trends.

Crypto.” he says.

Crypto.” He repeats.

Cryptocurrency will replace gold or Silver as the ultimate store of wealth.” He states.

“Yup, I’m not sure.” I hesitate.

Crypto will not be broken, it will be bypassed.” My boss observes.

#money #digitizing #cryptocurrency #bitcoin