What Are Krugerrand Gold Coins?
South African Gold: The Krugerrand Gold Coin
South Africa has long been known as one of the world’s largest gold deposits stores in the world. For centuries the gold mines of South Africa have consistently produced over 1/4th of the world’s highest quality gold ore. In 1967, South Africa looked to gold coin production in an effort to direct capitalize on their gold. The Krugerrand gold coins were born. Consisting of 99% pure gold ore, Krugerrand gold coins have long been one of the more popular gold coins on the market used for investment in precious metals. Investing in gold coins is a popular and easy way to diversify one’s investment portfolio. By investing in gold coins, one will move some of their money to more stable investment channels. Investing in precious metals, and investing in gold coins to be sure, has long been advised by stockbrokers in an effort to mitigate the risk their customers’ stock portfolios typically carry. Unlike a stock held from a publicly traded company, Krugerrand gold coins will not lose their value overnight. A company can go out of business and investing in gold coins can be your best defense against a tanking portfolio. Gold is traded the world over as a currency backer and precious metal. Its value is determined internationally. As stocks and companies bounce down and up, gold tends to be a solid gold island of consistency.
Krugerrand Gold Coins
Krugerrand gold coins were first offered in only 1 troy ounce gold coins. These coins at today’s gold value per ounce are worth over $1,100 each, current as of November 2009. If you had purchased a single Krugerrand gold coin in January 1990, you would have paid approximately $400 U.S. Dollars. That same Krugerrand gold coin would have increased nearly 300% in just fewer than 20 years! It is no surprise that more and more investors are balancing their stock market portfolios with Krugerrand gold coins. You can now get started investing in Krugerrand buy purchasing a 1 ounce, ½ ounce, ¼ ounce or even a 1/10th ounce Krugerrand gold coin.
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