History

The Kruggerand is by far the most famous gold ounce coin. The first Krugerrand was minted in 1967 and since then the South African currency has remained a favorite among investors.

South Africa’s iconic gold coin is the cornerstone of private gold ownership and transformed the industry.

The Krugerrand became so popular around the world that it inspired other nations to mint their own 1 oz gold coins, such as the Canadian Gold Maple Leaf, Australian Gold Nugget, Chinese Gold Panda, Gold Eagle. American and British Britannia coins.

One of the important assets of Krugerrands is its history and popularity. It is the most widely traded and collected bullion coin in the world. If you are interested in investing in gold, the South African Krugerrand is the right and safe way to go!

In general, gold coins have a common advantage over gold bars and jewelry. For starters, they are issued by governments, which makes them recognizable around the world. This means that you can sell your 1 oz coins almost anywhere in the world with no trouble verifying authenticity.

Legal tender value

South African coins have been legal tender since they were minted. Krugerrands have no monetary face value, which means that their legal tender is valued at the market price of gold. Therefore, you are legally entitled to exchange a Krugerrand coin for the cash value equal to 1 ounce of gold.

cost

Krugerrand has a slight advantage over the other 1 oz bullion coins because they offer slightly lower prices than American Gold Eagle and Canadian Gold Maple Leaf. 1 oz bullion coins are generally the most profitable investment in gold and the slightly lower prices give the Krugerrand an added edge over other coins.

Durability

Krugerrand consists of a 22 karat alloy of more than 90% gold and small amounts of silver and copper. This mixture gives the Krugerrand its characteristic golden-orange shine and also makes it more durable because pure gold is quite soft and easily damaged.

The 22 karat Krugerrand coin has a stronger compound than other bullion coins and is not easily damaged.

6 reasons to have gold

A history of holding your value

Gold is volatile, but the value of gold will never be zero. Unlike paper money, coins, or other assets, gold has held its value over the centuries. People view gold as an asset to keep in the family and pass on their wealth from one generation to the next.

US dollar weakness

When times are uncertain, people look to alternative investment options. The US dollar is one of the most important reserve currencies in the world, but when the dollar weakens compared to other currencies, people tend to invest more in gold and that drives up gold prices; A perfect example is the time period between 1998-2008 when the price almost tripled. Gold reached the $ 1,000 / oz milestone in early 2008 and nearly doubled between 2008 and 2012.

Inflation

The simplest way to put it: when the cost of living increases, the price of gold also tends to go up.

Uncertainty in the world

When the times in the financial / political sector are uncertain, the stock market is falling, companies cannot get loans as easily as they used to, and confidence in the government weakens, then generally the price of gold rises. Why? New investors are entering the price rises of gold, as investors trust gold as a good investment.

Anonymity

Investors can buy and own physical gold privately and anonymously.

Other than that …

Gold is universal money, a tangible store of value and protection of wealth.

Physical gold cannot go bankrupt or bankrupt. Gold bars will never default on promises or obligations.

The bottom line

Although gold prices can vary in the short term, it has always maintained its long-term value.