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DESCRIPTION:
The Krugerrand was the first gold coin to be denominated in ounces of pure gold: first year of issue was 1967, the fractional Krugerrands were introduced (1/2oz, 1/4oz, or 1/10oz) in 1980. The Krugerrand can be bought from dealers and banks globally. Buying and selling Krugerrands internationally is easy. Krugerrands usually carry only a small premium (mark-up) over the value of their gold content - unlike collector or numismatic coins where the value is normally dependent on their rarity and condition.
Gold has been a store of value for thousands of years, and has been trusted by man to be a hard asset with an intrinsic value that is recognised worldwide. In some countries at certain times, the need to own gold may be overwhelming. At other times, it may be less so. Although the value of gold can go up or down, over the centuries millions of people in almost every country have benefited from owning gold at the right time.
Predicting the 'right time' has not always been easy, one needs to do thorough research and track market indicators closely. Individuals have often held gold as a form of insurance against the unexpected, or as a safety net for the preservation of their wealth. The decision should be a personal one and lies entirely in the hands of the decision maker.
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