Krugerrands global investment you can rely on

Krugerrands global investment you can rely on

Your Krugerrands investment is linked to the international value of gold – so your investment is protected from local currency volatility and devaluing.

Krugerrands are ounce-denominated gold bullion coins that have been designed for investors around the world who wish to invest in gold. With FNB Share Investing, you can invest in the full range of Krugerrands.

First minted in 1967, Krugerrands are the most popular 1oz gold bullion coin in the world. Over 60 million coins have been sold to date and are the most highly traded gold coin in the world.

As a hedge against the rand and as a store of value and wealth Krugerrands have no equal. This is particularly relevant for South Africans who have seen the rand devalue by 95% since 1967.

One hundred and fifty million gold coins have been minted since then including the Canadian Maple Leaf in 1980 followed by the Austrian Philharmonic, the Chinese Panda, the Australian Nugget and the USA $50 coin.

Millions of these coins have changed hands many times over. We have traded billions of rands worth of coins by matching buyers and sellers.

In 1967, the price of gold was $27.50 per oz. Gold has had its up and downs over the past 50 years reaching a high of $1 950 and is presently trading at over $1 300 /oz.

In contrast the rand has consistently depreciated form R1.30 to the dollar to 8c over the same period.

It is the 50 years of international marketing and worldwide trade that has made this coin one of South Africa’s most famous and valuable exports.