The Victoria & Alfred Waterfront is South Africa's most-visited destination. Annually, thisiconic mixed-use destination welcomes over 24 million people from all over the country, thecontinent and the rest of the world. Now, visitors have another reason to visit. The Scoin Shop opened it's doors on the 15th of December 2020. Despite 2020 presenting massive economic challenges, interest in gold coins andcollectables has not diminished.
Rael Demby CEO of The South African Gold Coin Exchange & The Scoin Shopsays “Our sales traffic spiked in early March and has remained strong since then. We areseeing a huge interest in gold bullion and numismatics. People are buying gold and silver asa hedge against elevated risk in the financial markets. Buyers of physical precious metalsare motivated by the fact that gold and silver offer a safe store of value, are a currencyhedge and combat inflationary concerns. The collectables turn mundane investing into a funhobby.”