Gold Krugerrands

The South African Gold Krugerrand is a Legal Tender coin issued by South Africa.  It weighs 33.93 grams, or 1.0909 troy ounces of 22-karat gold. It contains one troy ounce of pure gold along with alloy of 2.826 grams of a copper. In other words, its one ounce pure gold with added metals to permit it to be circulated.

Unlike American Slavery, which ended in 1863 under the Emancipation Proclamation, Apartheid existed in Sub-Sahara Africa from 1948 and 1994.  As a result of Apartheid, the Krugerrand was boycotted in the Western World.

Pros:  The Krugerrand is a lower cost bullion coin because of its loss of popularity. Apartheid ended in 1994  and so did the boycott. Buying Krugerrands today is a actually beneficial to the new South African Government, since they have continued to mint the same gold coin after the fall of Apartheid.

Cons: No real downside, unless you don’t like battling Social Justice Warriors that still live in the past. (Copyright 2018-Paul Drockton)


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