CandleFocus Glossary Editor
Krugerrands are South African gold coins that have been in existence since 1967, when the South African Mint began producing them to help promote the country’s gold industry. As a 22 karat gold coin, with a metal content of 91.67%, the Krugerrand contains 1.0 troy ounce of fine gold and is minted in a variety of sizes ranging from 1/10th of an ounce to 1 ounce coins, as well as a quarter-ounce and half-ounce version.
Krugerrands have been popular in the gold market since their inception, and enjoyed a peak in popularity in the 1980s, when they accounted for as much as 90% of the gold coins being traded throughout the world. This was due to its status as the first modern gold bullion coin on the international markets, as well as its affordability with its gold content spread across its various sizes.
Today, despite South Africa's fluctuating gold production, Krugerrands remain one of the most widely traded gold coins in the world. This can be attributed largely to its reliable quality, as its gold content is guaranteed by the South African government, and it remains one of the least expensive as well as the easiest gold coins to buy and sell. The Krugerrand also carries a certain level of prestige as it is internationally recognized as a symbol of South African culture and independence.
Krugerrands are ideal investments for those looking to invest in gold because they are a tangible asset that can be bought, sold, or traded worldwide. With no expiration date on a Krugerrand, they remain viable investments after they have been purchased, and the gold content held in them can be redeemed at any given time. Additionally, their gold value fluctuates in response to the global gold market, providing profit potential for investors.
Overall, Krugerrands remain a popular buy and sell option for those entering the gold market. Their gold content is guaranteed by the South African government, and as tangible assets, Krugerrands are ideal for those looking to invest in gold with the potential for a profit on their investments. Furthermore, they remain a symbol of the South African culture and independence.
Krugerrands have been popular in the gold market since their inception, and enjoyed a peak in popularity in the 1980s, when they accounted for as much as 90% of the gold coins being traded throughout the world. This was due to its status as the first modern gold bullion coin on the international markets, as well as its affordability with its gold content spread across its various sizes.
Today, despite South Africa's fluctuating gold production, Krugerrands remain one of the most widely traded gold coins in the world. This can be attributed largely to its reliable quality, as its gold content is guaranteed by the South African government, and it remains one of the least expensive as well as the easiest gold coins to buy and sell. The Krugerrand also carries a certain level of prestige as it is internationally recognized as a symbol of South African culture and independence.
Krugerrands are ideal investments for those looking to invest in gold because they are a tangible asset that can be bought, sold, or traded worldwide. With no expiration date on a Krugerrand, they remain viable investments after they have been purchased, and the gold content held in them can be redeemed at any given time. Additionally, their gold value fluctuates in response to the global gold market, providing profit potential for investors.
Overall, Krugerrands remain a popular buy and sell option for those entering the gold market. Their gold content is guaranteed by the South African government, and as tangible assets, Krugerrands are ideal for those looking to invest in gold with the potential for a profit on their investments. Furthermore, they remain a symbol of the South African culture and independence.