Let's look at the Philharmonic Gold from Austria.IMG_2361 (resized).jpg
Usually the lowest cost 24Kt Gold coin that enjoys Country of origin backing offered by the major Dealers.
There are several great videos from the Mint in Austria. These guys offer old World skill coupled with the highest technology.
So why is it so cheap?
The Design, primarily. Boring unless you share the Music Heritage of Europe and appreciate its importance (I do, Handel and Bach are close friends).
The other detriment could be considered a plus in the near future.
The denomination is in Euros.
So this is a black sheep Gold coin under-appreciated Globally with strictly bullion value?
Right now, yes. The Philharmonik is the perfect high quality,recognizable Gold coin that will redeem spot price with no problems. In certain Regions where 24Kt is demanded a Premium is not out of the question.
Lower initial purchase price, lower premiums,consistent quality.
Wouldn't Euro denomination be desirable should the US currency highly inflate/deflate or fail?
I prefer American Gold. So do a lot of people. But the Standard is changing.
People want bullion weight, not collector value speculation.
Not when precious metals are used as a hedge to protect some wealth when all else fails.
The American Gold Eagle premiums are putting it in a Collector price category millions Globally are rebelling against.
The Group that prefers American Gold, both new and Pre-1933, is waning.
The Group that prefers pure Gold for its Gram weight is increasing.