Friday, June 8, 2012

South Africa's rich gold history


· Gold was discovered 6000 years ago and has ever since invariably been the ultimate store of value, whether in the form of bullion, coin or jewellery.

· Gold quoted in US dollars is the world’s only marketable currency hedge. Given past and future economic and political upheaval, gold is the only world money.

· The “granddaddy” of all modern gold bullion coins is the Gold Krugerrannd. Krugerrand coins were introduced in 1967 and became so popular that by 1980 they accounted for 90% of the gold bullion market.


· In the current fraught financial climate, gold offers an ideal hedge against the pervasive uncertainty. In this context, rare coins and medallions appeal as an alternative, offering security and considerable potential for appreciation.

· The 60 million + Krugerrand ounces minted to date are amongst the world’s most well-known gold coins.

More about Rare coins at a later stage!




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