Gold has reached a 5 year high of $1400 an oz. The sentiment has changed towards gold as a store of value as the guns of war rattle again. Gold had a 20 year bull run from 1992 until 2012 when it moved from $225 an oz until it reached a high of $1925 when Grexit loomed. By 2012 all the pundits projected a $3000 per oz price. Hundreds of billions of dollars was invested in gold looking for profits.
May 31 , 2019
Starting in 1980 as the Gold Club. The South African Gold Coin Exchange has been trading since 1972, buying and selling Krugerrands, collectables and numismatic coins. The Gold Club purchased The South African Gold Coin Exchange in 1992. Gold has gone from $35 in 1967 to a high of $800 in 1980 to a low of $250 in 1992 and a high of $1925 in 2012 now trading at $1300 an ounce. Over this time the rand has depreciated from buying $1.30 to only buying 7 US cents today.
Jan 01 , 2019
met facilisis magna etiam tempor orci eu lobortis. Id ornare arcu odio ut sem nulla pharetra diam sit. Tristique risus nec feugiat in fermentum. Egestas fringilla phasellus faucibus scelerisque eleifend donec pretium vulputate. Ornare arcu dui vivamus arcu felis. Duis ultricies lacus sed turpis tincidunt id. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Amet purus gravida quis blandit turpis cursus in hac habitasse. Egestas congue quisque egestas diam in arcu.