Why The Krugerrand Is The Top South African Investment Since 2000

  • Krugerrand is South Africa's top investment

 

In the 50 years since the first Krugerrand was minted in South Africa, the one ounce gold coins have turned out to be one of the best investments in the country.

Originally sold for 27 rand (then worth $35) back in 1967, an ounce of gold is now worth 16,840 rand ($1,273), boosted by a combination of rising global gold prices and a depreciating local currency.

Since 2000, the rand value of the coin has outperformed local property, the stock market and gold priced in U.S dollars.

 

Reference Article: https://www.bloomberg.com/news/articles/2017-08-17/krugerrand-are-top-south-african-investment-since-2000

2017-08-23T11:06:34+00:00 August 23rd, 2017|Comments Off on Why The Krugerrand Is The Top South African Investment Since 2000