Gold had long been reserved for the rich and remained out of reach for most South Africans before Krugerrands offered a more affordable way to build wealth. The iconic Gold coin was launched in 1967 in a joint initiative between the Rand Refinery and the South African Mint. The minting resulted from the government’s desire to promote sales of the Precious Metal. Its solution was to provide a more compact and correspondingly cheaper alternative to bulky and costly Bullion bars.
Since their launch, these Gold coins have gained worldwide popularity and consistently increased in value, prompting other countries to mint similar coins. None, however, have equalled the popularity of that bearing the head of Paul Kruger. Eventually, the one-ounce coin became less affordable to the more modest investor as the Gold price rose. The response was to mint smaller denominations. The extended range now includes half-, quarter- and one-tenth-of-an-ounce versions, offering something for everyone, even at today’s prices.
Krugerrands Could Also be Your Family’s Legacy
Today’s newborns are tomorrow’s doctors, attorneys, technologists and engineers, but a university or college education can often be too expensive to help those who might benefit most. Despite the record inflation rate, the interest on savings accounts remains miserly, and the stock market is proving too volatile to rely on to secure your children’s future. By contrast, despite the occasional modest downturns, which seldom last long, the Gold spot price has maintained an upward trend. If that’s the level of assurance you want to protect your family, Kruggerands are undoubtedly your best buy. Consider the following benefits:
- Affordable Fractional Options
Introducing fractional denominations has made it feasible for investors to buy one or two of these smaller coins every month. While they are sure to cost more in the months ahead, the new price means your previous purchases will have also grown in value – precisely why they are so popular.
- Long History of Positive Performance
Anyone who purchased one of these Gold coins in 1967 would have paid a little under R30.
Those who chose to hold onto it could sell it for more than eleven thousand times that figure in 2023 on the day when this article was written. Few other investments achieve that kind of return and are invariably hard to find. That’s why many people like to include Gold in their portfolios to hedge against potential losses among their more volatile investments.
- Buying and Selling are Easy
There is no intermediary to add brokerage fees when you use a registered Bullion dealer, such as Mr K, to buy or sell your Krugerrands. You will also be guaranteed authentic products to purchase, an accurate and honest appraisal of those you wish to sell, and, in each case, prices based on the Gold spot price at the time of your transaction. The coins are exempt from VAT, and you will only incur a modest handling fee. These are just three reasons why Krugerrands are a good investment and a fitting family legacy, but there are many more reasons to choose Mr K as your Bullion specialist. Why not take a little time to browse our collection? You can purchase your coins online or from one of our Gauteng or Western Cape stores.
DISCLAIMER: The information above was derived from reliable sources and deemed accurate at the time of writing. However, changes following publication may have affected its accuracy. Such changes may occur without notice, and Mr K cannot be held liable for inaccuracies in this article’s content or how a reader may choose to interpret it.
