1oz Gold Krugerrand
The 1oz Krugerrand named after the famous South African President and nature conservationist Paul Kruger and the South African monetary currency has been legal tender worldwide since the first coin was struck on the 3 July 1967. This coin was the world’s first ounce-denominated gold coin
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The 1oz Gold Krugerrand is one of the most popular gold coins in the world
Krugerrands are one of the most popular gold coins in the world. The 1oz Gold Krugerrand is the world’s first ounce-denominated gold coin, the Krugerrand has been legal tender worldwide since the first coin was struck on the 3 July 1967.
Named after the famous South African President and nature conservationist Paul Kruger and the South African monetary currency these coins were minted as a way to market the massive gold reserves of South Africa to the world.
Krugerrands have a gold purity of 22 carat meaning that each coin contains one full troy ounce of fine gold and approximately 2.8 grams of copper to increase its durability and strength.
These coins are one of the easiest ways for investors worldwide to own gold. To date some 48 million ounces of fine gold contained in newly minted Krugerrands have been sold worldwide and these coins can be bought from, or sold to, thousands of coin dealers and banks and their branches worldwide.
Why Invest in Gold?
Gold is a monetary metal whose price is determined by inflation, by fluctuations in the dollar and U.S. stocks, by currency-related crises, interest rate volatility and international tensions, and by increases or decreases in the prices of other commodities. The price of gold reacts to supply and demand changes and can be influenced by consumer spending and overall levels of affluence.
Be Ready for Unexpected Needs
If there is one thing of which we can be certain, it is that today’s status quo will not last for ever. Economic developments both at home and in the rest of the world can upset countries’ plans, while global shocks can affect the whole international monetary system. Owning gold is thus an option against an unknown future. It provides a form of insurance against some improbable but, if it occurs, highly damaging event. Such events might include war, an unexpected surge in inflation, a crisis leading to repudiation of foreign debts by major sovereign borrowers, a regression to a world of currency or trading blocs or the international isolation of a country. In emergencies countries may need liquid resources. Gold is liquid and is universally acceptable as a means of payment. It can also serve as collateral for borrowing.