1 Troy Oz Gold Krugerrand Coin (1978)
Posted by chris on October 25th, 2009
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BUY GOLD NOW BEFORE PRICES GO HIGHER!
The Krugerrand’s value is the bullion value of its metal at the current market price of gold, which is on the rise. The Krugerrand was the first bullion coin to have this kind of legal tender value. It was the first gold coin to contain precisely one ounce of fine gold.
In all of monetary history, paper money always fails. It always goes to a value of zero. Don’t forget the lessons of history.
Protect your investment TODAY and trade your valueless paper money for this durable unit of currency.
******(from themoneychanger.com)*******
Moneychanger, why do you recommend gold coins like Krugerrands …?
The 22 karat South African Krugerrand gold coin contains exactly one troy ounce of fine (pure) gold. The American Eagle copied the Krugerrand’s specifications, and is minted to exactly the same weight and fineness.
What about the purity of the Krugerrand, Eagle, 50 Peso, and Austrian 100 Coronae? Will they be worth less later since they’re not 24 karat?
Purity is largely irrelevant among gold and silver dealers. Coins and bars are bought and sold based on their weight, not their purity. Unless you’re going to melt the coins down, it’s just not an issue.
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