The gold market is among the most famous safe haven commodity markets in the world. Investors who’re unwilling to put money to the unstable currency market, or the fragile equities marketplace, often turn to gold as it’s a commodity that may be in demand. Since it’s a physical item, it’ll be valuable even when there’s a global economic collapse. At any time you put money into gold, usually, you’re investing in both gold coins or gold bars. Krugerrands are among the very popular types of gold coin – they’re the second most popular coin in the USA, and in Europe they enjoy greater recognition than the US Gold Eagle.
An increased number of Krugerrands have been made through latest history than any one of the other modern gold coins. A Krugerrand is manufactured from 91.67% gold, with the rest being copper. Theoretically, there are four sizes of Krugerrand: 1oz, half-ounce, Quarter ounce and 10th ounce, yet the fractional ounce ones are seldom accessible and not as usually desired as the full 1-ounce coin. There has been around 42 million Krugerrands coined since the coins were released on the market in 1967, with the bulk of them having been minted in the 70s and 80s when inflation fears were driving increasingly more investors towards gold. When the all of us Congress lifted the import prohibition on the coins in 1994, there is an enormous inflow of Krugerrands to the USA, yet the coins didn’t manage to take over the market place, since US Gold Eagles were already established as being the default option and most popular coin for US investors.