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Stacking Silver u0026 Gold Krugerrands: Why Does the IRS Have a Problem With Them?

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Description Stacking Silver u0026 Gold Krugerrands: Why Does the IRS Have a Problem With Them?

Comments Stacking Silver u0026 Gold Krugerrands: Why Does the IRS Have a Problem With Them?

I love gold Kruges Comment from : Timothy Thompson

Very good video young man! Great information Thank you! Comment from : The Cranky Stacker

The US gold eagle has a purity of 9167 also Are they allowed to be in and IRA? If they are, I don't understand why a Krugerrand isn't allow It has the same purity Comment from : Magoo Lew

Thank you!brKrugerrands were the first bullion I ever bought and that was long ago I have not known the history of them till todaybrGreat job! Comment from : Homestead Aquarius

Bearded man Comment from : Joakim Lundgren

Paul Kruger was never the President of South Africa, he was the president of the Transvaal Republic Comment from : Tristan Mac Lennan

Dont forget tony soprano loved krugs as well They mentioned it in one of the episodes where his daughter found 40k in krugs Comment from : yan baihu

And yet they often have a higher premium than ML , Britannias and Austrian Philharmonics Comment from : Go4it

I like em Comment from : Kayne Fryday

Correct me if I’m wrong but I thought Gold eagle are allowed in an IRA yet they’re the exact same purity as a krugerrand 9167 (22k) Comment from : Keep Digging

Great information on the Krugs Cheers! Comment from : The Modern Stacker

if the IRS dosent like it i love it gigggidy giddidy Comment from : Defimaster

I wanna rock Comment from : James Cummens

Some states like mine, IL still have laws from 1990 on the books that put a special tax on south african bullion These days though (in my experience) those are just not enforced Comment from : James M

I just received mine in the mail There seems to be some sort of yellowish staining on one side of the coin Does anyone know if this is normal? Comment from : AwestruckChemicals

Great video! My very first gold coin was a 1983, 1/10 oz gold Krugerrand given to me by my dad I didn't know it planted a seed! That was in 1990 I recently acquired a 1978 1oz gold Krugerrand! I like the silver Krugs, too I love the security mark that appears at the base of the mountains, below the springbok's right rear leg - a very tiny, upper-case "KRUGERRAND" Comment from : strat959

Well done for making an entertaining coin video, and without the constant handling and fiddling some people do in there's - which is really distracting and annoying at times Comment from : MJ

I love Eagles, KrugerRands, and Pandas Comment from : Greg D

Another retard that has a Hollywood version of South Africa Comment from : Aιμιλιος Xαλεποπουλος

I just ordered a Silver one, some day I will get a Gold one Comment from : fin59shaw

I just ordered a Silver one I do need a Gold one, that was the first Gold coin that I remember Comment from : fin59shaw

Thanks for the information Comment from : Three toes stacker

Thank you for sharing your wisdom, I appreciate you 🙏💯🤟🖖 Comment from : Stockpile Precious Metals

The US had sanctioned South Africa for apartheid Probably had a role Comment from : Youtubesurfer01

video starts at 4:13 Comment from : Richard Stone

Gold eagles are only 22k? Not IRA compatible? Comment from : christopher stanford

the platinum krugerands exist as well Comment from : Dr_b_

My Father left The Netherlands in 1960 to work and live in South Afrika for 3 years in Johannesburg to work as a mechanical machinist for the Gold- & Diamond industry He past away this year He bought some Krugerrands for me and said, lets buy some 'Uncle Paul" Never knew why he said that as now I know that was the nick name of this first president Comment from : Mark With a K

Because they like tobrBe noisy and know everything about people’s private lives Comment from : Fribit LoveLoad

Answer starts at 4:10 Comment from : Jason M

Couple months ago I bought 500oz of silver 2022 kruggerands not one had a milk spot, guess I got lucky They are good looking coins for sure Comment from : nopenope211

I got some 2017 silver proofs Value has tanked on them though Comment from : Pandora’s Box

The IRS makes an exception for the US gold eagle, which is the same purity as the Krugerrand Comment from : Joe Moore

Good videoAm now a subscriber👍 Comment from : shane scarberry

Krugerrands have the same gold content as a Gold Eagle Gold buffalos have a gold content of 9999 pure Gold Eagles proof are allowed into IRAS Comment from : John

Been collecting ,moved onto the gold Rand ,now no tax on gold here in Scotland ,but 20 on silver ,,👌 Comment from : Shaun Corless

I’m stockpiling lead… Comment from : Ralph Taylor

SUBSCRIBED AND MADE A NOTE OF YOUR CHANNEL, AS A SOUTHERN AFRICAN IN THE UK!👍🇿🇦🇬🇧 Comment from : hendo19742

NOOO, NOT LETHAL WEAPON MOVIE WITH EXTREMELY BAD SAFFER ACCENTS??😳😳🤣🤣🇿🇦🇿🇦🇿🇦 Comment from : hendo19742

KRUGERRANDS 😳😳🤩🤩🤩👍👍🇿🇦🇿🇦🇿🇦🇿🇦 Comment from : hendo19742

I wouldn't ever buy one Plain and simple they are ugly Comment from : sir stacks a lot

Not even close to being the first bullion coin Gold and silver coins have been used as money ever since money was invented Comment from : kabirthepunjabi

"Diplomatic immunity"brbr🔫 "Has just been revoked" Comment from : MysticNomad

The very first one ounce Gold coin I ever accumulated was a Krugerrand, and I’ve always had a soft spot in my heart for them I’ve managed to acquire a small little stack of them, and will continue to buy them whenever I’m able Comment from : Mike Oneil

You can own what you like in Australia with no Government restrictions as far as I am aware Comment from : Actual Facts

Really enjoyed this video Learned something today Merry Christmas Comment from : Poor Man Stacker

Merry Christmas my friend! Comment from : Capital Currency

They were not the only bullion coins, at the time Gold sovereigns were the only bullion coin as they had been changed from a circulation (removed in 1914 to pay for ww1) to being given the status of bullion The kugerrand was the first at the time to come out as a bullion in a 1oz mass instead of smaller fractional weights Comment from : Techontrol Treasures

The Inland Ripoff Service can go to hell Comment from : LM H

The government doesn't like citizens having gold and silver because they can't trace it The one world government, and religion is at our doorstep, and your freedom will be gone Even the evil ones know that their time is short Comment from : jack brown

A few seconds in and confused at the idea of something being the 'very first modern' anything So it's not the first It's also older than my grandma so I don't see it as modern brbrIt just a coin like any other coin made over the centuries Comment from : Al McL

Isn't the American Good Eagle 90 gold? Purity bcan't/b be the bonly/b reason Krugerands aren't allowed if AGEs are Comment from : John M

sorry man do not understand what are you talking about gold coins were invented sole and trade since 20000000000millions years ego Comment from : Brian Aimar

I like kangeroo, kruger, maple, whatever is the lowest spot, american bullion is overpriced Comment from : brad spaugh

Also love S African shilling Comment from : Joe Mcdonald

I live in South Africa, and my last gold purchase was an "Elephant" from the "Big 5" series of gold coins These are made in the same mint as the Krugers, but are pure 24K gold as opposed the the Krugers 22K Interestingly, they cost exactly the same price from my authorized mint dealer Not as well known as the Krugers, but the same value for money and a nice companion piece Comment from : MarcusMoonstein

So isn’t the American gold eagle in the same boat as the krugerrand? I thought it was 22k and not 24kt Comment from : Ivan Radas

the IRS has a problem with them because the price on gold and silver are always going up an down Comment from : Nephilim ivritt

I didn't know about the copper content and the history was interesting brbrSeveral comments roasted you for the video length but I used the time to peruse the comments There is always something to learn in the comments Comment from : firebird77clone firebird

It's not as simple as thatbrEagles are certainly IRA eligible, including proof Eagles! Proof buffalos are not!brThe reason for 995 gold retirement for non USA coinage is to prevent "jewelry" and "collectables" from being used for retirement speciation No jewelry can reach that degree of puritybrKrugerrand is only a side effect of all that Comment from : Vytautas Vaicys

Thanks for the history lesson Didn’t actually know all that about the Kruggerand Comment from : Spokane Silver Stacker

Regarding 4:08, Gold Krugerrand coins that were already in the United States prior to 1985 were still legal to own However, the importation of Gold Krugerrand coins into the United States was banned from 1985 until 1991 Regarding 4:34, American Gold Eagle coins are 22 karat which is less than 995 pure gold; however they are still allowed in an IRA Comment from : Jade Nephrite

There is a mystique about the krugerands Love them Comment from : Da Jo

i remember when they banned them in 1985 people switched primarily to the maple before the mint came out with the eagles so the whole war on krugs gave us the eagle Comment from : Silas Marner

Very informative video, Thank you for the information Comment from : JAMRV kids

So, does that mean the American Eagle is not acceptable for inclusion in an IRA since it is only about 91 pure gold? Bet there is an exception for American mintage Comment from : singerap

Purity aside, the gold content of the Krug still adds up to one troy ounce Comment from : Wendy Boyd

American gold eagles are also 22k and are permitted in IRAs by specific regulation Comment from : mwaurelius1

Britain has been issuing gold sovereign coins for over 200 hundred years, apart from the period 1936 to 1952 The Krugerand might have been the first, in 1967, to offer one, half, quarter and tenth troy ounce coins Comment from : fox moongaze

Great info on the Krugerrands Didn't know any of that Comment from : Brian Lippa

But Gold Eagles are the same fineness, and they’re allowed It’s probably more to do with bureaucracy Comment from : One Is None

American gold eagles are only 22 karat or 916YET, they are welcomed in IRA accountsWHY???Why would you NOT address this double standard??? Comment from : Cantankerous Chris

I have 1968 ultra cameo proof one brGood coin to have only 1044 PF minted that were frosted both sides Comment from : Neville

Same 22K as the American gold eagle Comment from : azwelke

I did not know about 22k gold Really enjoyed the video Love the Kurgerrands Comment from : Cash and Coins

Very informative Thank you Comment from : Timothy Green

You make it sound like they are not 1oz of gold They are the king of 1oz stacking FYI your slang is NOT cool, makes you sound stupid Comment from : William Brown

Love 💕 neck beards Comment from : Silver Honda

hi from south africa, :P Comment from : Tiaan Schoeman

925 Gold is the way forward I feel the same way about the Gold Sovereign 999 Gold is soft and can therefore only ever live in a tube My mother has 18 Gold Krugerrands Comment from : Gunnar Gundersen

Gold Krugs still have 1 Ounce of GOLD in them The reason they have their purity level at that point is DURABILITY! Many who first bought other Bullion Coins quickly learned that "jingling them in their pockets" reduced value as they were nicked and dented when it came time to sell The South AFricans recognized this hence their being blended with Copper Comment from : red9man2130

Thanks for the entertainment great info Mr Sisterrrrr 😆👍 Comment from : Kevin nugent

Great info, thanks for sharing brother! SFMF 🪶🤘🏼🪶 Comment from : Neoteric Silver Stacker

I remember the commercials for the krugerand during the evening national news For this reason, I got a 1/10 Oz gold krugerand Comment from : Invisible Stacker

Luv the intro music too Comment from : Edward Scissorhands

Bullion "coin" is a misnomerbrThe def of bullion is uncoined silver/gold PM brIt's a conflict of terms to call a coin a bullion coin It's bullion or a coin Comment from : Billy Bob Mirango

I’m one of the few stackers who owns zero Krugerrand’s Very informative video bro Comment from : Pistol Packing Pilot

I appreciate the grift to turn a 20 second answer into 7 minutes of almost entirely you reading directly from a script Amazing Comment from : Michael Rudolph

The GOLD Kruger is arguably the hardest wearing gold coin in existence precisely because of the higher copper content, investors still get 1 Troy oz of gold in spite of the added copper Comment from : Leo Matsstsos

Great history, thanks! Don’t stack to manny of either, but do have a few of each! Comment from : 72cmcinc

Thanks for this vid 🌿 Comment from : Cr8zy Fish

You could always buy the big five elephant gold coin Which is 9999fine Comment from : dleetr

Irs doesn’t like them must buy more… Comment from : C C

Well the Gold Eagle is IRA certified but it is not 995? Comment from : Liberty Stacking

I just bought a bunch of silver Krugs They were the cheapest I need silver for jewelry making and its getting hard to find The price over spot is getting crazy Comment from : Krod Krod

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