Why Full Krugerrand Coin is a Safe-Haven Bet for Metal Investors?
Full Krugerrand coin is considered one of the best ways to own gold and an excellent investment. Due to its inherent value, the coin is quite popular among investors to grow a gold portfolio. For those who don’t know, the Krugerrand is originally a South African coin which was first minted on 3rd July 1967 to strengthen the South African gold. Krugerrand used to be produced by the South African Mint and Rand Refinery.
Unlike previous gold coins, which were designed only for the rich people, a full Krugerrand coin was designed as the working man’s coin who wanted to preserve their savings. Even today, investing in full Krugerrand is an excellent choice because they are made out of the precious metal and secure the underlying value of hundreds of years.
The name Krugerrand comes from the combination of two words “Kruger” and “Rand.” Paul Kruger was the president of South Africa from 1883 to 1900 while Rand is the official currency of South Africa.
Why Should One Invest in Full Krugerrand Coin?
This coin is the purest form of money.
It is a good diversifier to any portfolio.
Full Krugerrand is a legal tender under the South African Reserve Bank Act No 90 of 1989
This gold coin protects purchasing power against inflation.
Since Full Krugerrand gold coin keeps its value, it is regarded as a safe-haven.
Since Krugerrand gold coin is regarded as legal tender, there is no VAT applicable on it.
Since Krugerrand is known worldwide, you can trade it virtually anywhere in the world at any time.
Till the 1980s, Krugerrands were introduced to make them even more accessible and affordable. Now you can buy fractional Krugerrands coins in sizes of 1oz, ½ oz, ¼ oz and 10 oz.
Considering everything, we can say that a full krugerrand coin is a good investment that can offer you the benefits of an appreciating asset over time. Moreover, trading in Krugerrands is quite simple. Where other investment options require a great deal of skill, knowledge and time, buying Krugerrand is relatively straightforward. What makes Krugerrand coin a better investment than other investment options is you can quickly and easily convert them into cash. You can trade them at any registered numismatic dealer.
Where to Buy Full Krugerrand Coin
At RPS Gold, we deal in a wide range of gold and silver coins. We sell full Krugerrand coins at a competitive price. Our full Krugerrand weighs 34gm while its dimension is 32.77 × 32.77 × 2.84 mm. To know the unit price, you can visit our website or call us at +44(0) 20 8574 2450. You can also write to us at [email protected]. RPS Gold is one of the reputable names in England that provides guaranteed pure gold quality at the best price. Our flagship store is located within the jewellery quarter of Southall.