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South African Krugerrand: Still as popular

The History of Gold

The Krugerrand gold coin is by far the most famous ounce gold coin. The first Krugerrand was minted in 1967, and since then, the South African currency has been the first choice of investors. South Africa’s famous gold coins are the cornerstone of private gold ownership. Kruger Lang coin is popular all over the world, it inspires other countries to mint their own 1 ounce gold coins, such as Canadian maple leaf gold, Australian gold bullion, Chinese panda gold coin, golden eagle coin, American and British coins from the United Kingdom. An important asset is its history and popularity. It is the most sold and collected investment coin in the world. If you want to invest in gold, Krugerrand, South Africa is your safe and correct way out! In general, gold coins have universal advantages over gold bars and jewelry. First, they are issued by the government, which makes them recognized worldwide. There is no authentication problem with gold.

The Value of Krugerrands

The South African coins have been legal tender since they were minted. Krugerrands don’t have any monetary face value, which means their legal tender is valued at the market price of gold. So you are legally within your rights to exchange a Krugerrand coin for the cash value equivalent to 1 ounce of gold.

The Price

Krugerrand has a slight advantage over other 1-ounce gold bars because its price is slightly lower than the American Golden Eagle and Canadian Maple Leaf Gold Coins.

Strength in its History

Krugerrand is a 22-carat alloy composed of more than 90% gold and a small amount of silver and copper. This mixture gives Krugerrand a distinct golden orange shimmer and makes it more durable because pure gold is very soft and easily damaged. The composition is stronger than other investment coins and is not easily damaged.

A History of Holding Its Value

Gold is unstable, but its value will never be zero. Unlike paper money, coins or other assets, gold has maintained its value for centuries. People regard gold as a good thing that can stay in the family and pass on wealth. For generations.

Link to the US Dollar

In uncertain times, people are looking for alternative investment opportunities. The US dollar is one of the main reserve currencies in the world, but when the US dollar weakens against other currencies, people tend to invest more in gold, which brings the price of gold to an ideal level. An example is the price almost tripled during 1998-2008. Gold reached the milestone of US$1,000 per ounce in early 2008 and almost doubled from 2008 to 2012. The simplest way to put it: When the cost of living increases, then also gold price tend to rise.

When the financial/political arena is unstable, the stock market crashes, companies no longer have access to credit as easily as they used to, and trust in the government weakens, the price of gold tends to rise. Investors believe that gold is a good investment.

Investors can purchase and own physical gold privately and anonymously. In addition…Gold is a universal currency, a tangible store of value and asset protection. Physical gold cannot go bankrupt or go bankrupt. Gold bars will never keep promises or promises.

Even though gold prices can vary in the short term, it has always maintained its value over the long term.