Kruggerands and gold coins are seen as safe investments as the value of kruggerands are less likely to decrease over time whereas currency can fluctuate depending on the country’s economy. Kruggerands are sometimes referred to as gold coins due to their composition of 22 carat gold. Kruggerands are not made of pure gold however 22 carats is a high percentage, most jewellery widely available has a maximum of 18 carat gold to ensure the jewellery is sustainable and hard wearing. Kruggerands are not made of pure 24 carat gold as the kruggerands would be too soft to handle so each kruggerands contain one ounce of pure gold and other metals are added to the kruggerands to harden the gold coins.
The face featured on the kruggerands is one of Paul Kruger who the kruggerands gold coins were named after. Paul Kruger inspired the idea of using the kruggerands as a portable asset which could be liquidated quickly and the gold in the kruggerands offered a unique way of holding its value whereas currency exchange rates would fluctuate from one country to another.
Kruggerands cannot be manufactured or replicated therefore retain its value and are accepted as a global currency where the kruggerands are linked to the gold index which means the value of the kruggerands is universal and the same in whichever country the kruggerands are exchanged. The value of gold has been consistently increasing every year with no sign of dropping therefore investing in gold coins or kruggerands is a popular stock or asset. The price of kruggerands all depends on the market value of gold which fluctuates on a daily basis so buying kruggerands can be exciting investment. For a high return on investment, kruggerands should be kept as a long term investment as the value of gold has increased year on year however the kruggerands are also beneficial if they need to be liquidated in times of financial need.
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