Krugerrands appeal to professional and private investors who wish to make a direct investment in gold bullion, hedge their portfolios against the US dollar or to further diversify their portfolio. The investment company will also manage your investment: ensuring they are vaulted, insured and audited annually. Krugerrands are 22 carat gold, but weigh more than a troy ounce and therefore contain exactly 1 troy ounce of … Krugerrands are available in fractions – one ounce, one-half ounce, one-quarter ounce and one-tenth ounce weights – assisting in affordability for first-time investors. The 1 oz. Other capitalists, may get gold coins, while a lot more innovative or experienced gold capitalists make use of the strategies of using choices on gold futures. STEP 8: Review the Quote and accept the … This festive season, instead of buying lots of gifts that sometimes don’t last until the end of January, why don’t you consider investing in a gift that builds wealth? Click Buy. Invest in Krugerrands & create wealth. Krugerrands pioneer enduring value for the decerning investor. This is the safest and most cost effective way. They offer stability and peace of mind in an uncertain and unpredicted world. Historically, Gold has given local investors good value despite fluctuating financial markets since it is an international commodity which is largely unaffected by local economic and political shifts. Krugerrands can be purchased over the counter at coin shops, or directly from the Rand Refinery, through an investment company that purchase them at wholesale prices on your behalf. They are made up of one troy ounce of fine Gold and were minted for the first time in 1967 with the objective of putting Gold bullion into the hand of the man on the street. In the nation of South Africa, the gold Krugerrand is legal tender but, like all bullion coins, the value of the underlying metal far exceeds the face value if used as currency, so this is largely symbolic. So allow’s dive into exactly how to buy gold as well as how you can obtain your free gold investors package.. With more than 60 Million ounces in circulation, the coin is well known and well treasured. Krugerrand the first and most popular gold bullion coin You are probably asking yourself what makes the Krugerrand special or unique. Containing one ounce of fine Gold, the Krugerrand was the first ounce denominated Bullion coin in the world. Being a business owner means finding the balance between: - investing your capital to… The current price of a Krugerrand is calculated using the spot price of one ounce of fine Gold and is the minimum amount you should receive for your Krugerrand coin on sale. Gold Krugerrands were the first gold bullion coins produced in exact 1-ounce size, and sold for simply the spot gold price and a slight mark-up to cover manufacture and distribution. Originally, there was only one size gold Krugerrand, and that was the 1 Troy ounce coin. We accept cash or EFT for all Kruger bullion as well as Kruger Proof coins. The ability to own foreign currency was a roundabout way to acquire gold. Trading in Krugerrands is a simple way of kick starting or growing, your investment portfolio. Krugerrands have no face value but are considered to be legal tender in South Africa. The reverse of the Gold Krugerrand coins contains a springbok antelope. STEP 6: Select the denomination you want to purchase. Where many investment options require a great deal of knowledge, skill and time – the lack of which could run inexperienced investors into trouble – buying Krugerrands is a very easy and cost-effective way to invest in Gold. When it comes to selling your Gold coins or buying more and increasing your investment, we offer sound, experienced advice and a transparent approach to the pricing of Krugerrands. Like most gold bullion coins, the gold Krugerrand is released in a special proof edition for coin collectors. It is also obtainable in bulk. It’s important to reiterate that both coins contain the same amount of gold – 1 Troy ounce in the case of the main coin size – it is just a matter of whatever else has been added to the mix in addition to this gold content to determine the appearance and hardness of the finished coin. The exception to this bullion ban were coins that had numismatic value. Gold Krugerrand coins are named as such because the obverse of the coin contains the portrait of Paul Kruger, the fifth and final President of the prior South African Republic as well as a resistance fighter against the British government. Investing in gold bullion Krugerrand was first released on July 3,1967.The circulation of the first issue amounted to 40 000 pieces of coins stamped with an ordinary stamp and 10 000 pieces of coins stamped with a mirror stamp for collectors. These coins have an almost mirrored-like finish and are more valuable than their regular bullion counterparts. They can be easily bought and sold, giving the bearer quick access to cash. The gold Krugerrand is a gold coin minted by the government of South Africa. The Krugerrand, the world’s oldest modern Gold bullion coin, is made up of eleven parts fine Gold and one-part Bronze, giving it a lustrous coppery tone. The gold Krugerrand can be bought for a few percentage points over the spot price of gold and sold for a few percentage points under the spot price of gold from specialty bullion and coin dealers throughout the United States and the world. However, they are not intended to be used as currency. Krugerrands gold coins occur in 4 dimensions – one-ounce, 1/2-ounce, 1/four-ounce, and 1/10-ounce. We tend to get worked up about the peaks and the valleys over a relatively short period, but the overall, long-term picture may reveal steady growth. When buying you need to factor in the broker commission, which is usually around 7 – 12%. These types of coins have the same intricate design and style. Krugerrand was already truly distinctive when it was introduced in 1967. Invest in Krugerrands Top Reasons to Invest in Krugerrands Although many smaller investors are happy to buy gold bullion through exchange traded funds or paper investments, such as certificates, the more secure way to invest in gold is to buy tangible gold bullion … Buy your Krugerrands from Investgold, we offer the best market related prices in South Africa You can invest in the full range of Krugerrands through S A Gold Brokers. There are actually lots of excellent reasons to invest in Krugerrands, and we’re going to go over a number of them below. Krugerrands are the most affordable and effortless way of investing in Gold bullion and because Gold has always been one of the best-performing and most stable precious metals, they offer a very desirable return on investment. The answer is by investing in Krugerrands. In fact, gold Krugerrand is often far easier to transport, store, buy, and sell than gold bars, making them a preferred form of storage for gold investors. Gold African's pricing page is updated when the market opens at 8 am on business days and reflects the current price you would expect to buy a Krugerrand for. The full range includes: 1/10, ¼, ½ and 1 ounce. Our video on the Gold Spot Price explains the formula used by the industry. Krugerrands offer a simple and straightforward way for you to invest some of your money into gold, since they are an official gold bullion coin containing 1 ounce of fine gold. If you take 1967 when the first Kruger run was issued – if you had put R10,000 into Krugerrands then – they’d be worth about R11m-R12m today. The Krugerrand became the first ounce-denominated Gold coin in the world to a carry legal tender, meaning that it could be exchanged for goods or services. The Balance uses cookies to provide you with a great user experience. Invest In Gold Krugerrands . So why is the Krugerrand the perfect investment for a business owner? Easily exchanged for cash Gold coin price goes up with gold price Being a business owner means finding the balance between: - investing your capital to show… By using The Balance, you accept our, Joshua Kennon co-authored "The Complete Idiot's Guide to Investing, 3rd Edition" and runs his own asset management firm for the affluent.Â, Learn the Basics of Investing in Gold Coins, Here's Why Gold Will Drop Below $1,000 Again, Considering the Pros and Cons of Investing in and Owning Gold, Investing in American Eagle Gold Bullion Coins, The Decline of the Dollar vs Collapse and How to Protect Yourself, The Secret Symbols on the Back of the Dollar, How to Invest in Africa, "The Final Frontier". Krugerrands always have a value based on the price of gold, which may increase or decrease, and they also may have an additional value to coin collectors depending on their rarity and condition. 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