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<div class='featuredimage'><img src='https://coinsnotebook.com/wp-content/uploads/1967-Krugerrand-Reverse.jpg' alt='1967 Krugerrand Reverse' /></div><br>By <a href="https://EzineArticles.com/expert/Karl_Martin_Karus/2495608" target="_blank" rel="noopener">Karl Martin Karus</a><br />
<h3>History</h3>
The Krugerrand is by far the most famous ounce gold coin. The first Krugerrand was minted in 1967 and since then the South African coin has remained a favorite choice for investors.<br />
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South Africa&apos;s iconic bullion coin is the cornerstone of the private ownership of gold and it transformed the industry.<br />
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Krugerrand became so popular worldwide it inspired other nations to mint their own 1-ounce gold coins, such as The Canadian Gold Maple Leaf, Australian Nugget, Chinese Gold Panda, American Gold Eagle and British Britannia coins.<br />
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One of the Krugerrands important asset is its history and popularity. It is the most traded and collected bullion coin in the world. If you are interested in investing in gold, then South African&apos;s Krugerrand is the safe and right way to go!<br />
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<img class="size-medium wp-image-11034 aligncenter" src="https://coinsnotebook.com/wp-content/uploads/1967-Krugerrand-Obverse-300x298.jpg" alt="1967 Krugerrand Obverse" width="300" height="298" /><br><br />
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In general gold coins have a common advantage over bullion bars and jewelry. For starters, they are issued by governments which makes them recognizable all over the world. This means you can sell your 1oz coins almost everywhere in the world without problems of verifying authenticity.<br />
<h3>Legal tender value</h3>
The South African coins have been legal tender since they were minted. Krugerrands don&apos;t have any monetary face value, which means their legal tender is valued at the market price of gold. So you are legally within your rights to exchange a Krugerrand coin for the cash value equivalent to 1 ounce of gold.<br />
<h3>Cost</h3>
Krugerrand has a slight advantage over the other 1-ounce bullion coins because they provide slightly lower prices than the American Gold Eagle and Canadian Gold Maple Leaf. 1-ounce bullion coins are generally the most cost-effective gold investment and slightly lower prices give the Krugerrand the added advantage over other coins.<br />
<h3>Durability</h3>
Krugerrand consists 22-carat alloy of over 90% gold and small amounts of silver and copper. This blend gives the Krugerrand its signature golden-orange glow and also makes it more durable because pure gold is quite soft and easily damaged.<br />
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22 carat Krugerrand coin has a stronger compound than other bullion coins and it is not easily damaged.<br />
<h3>6 reasons why to own gold</h3>
<strong>A History of Holding Its Value</strong><br />
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Gold is volatile, but the worth of gold is never going to be Zero. Unlike paper currency, coins or other assets, gold has maintained its value throughout the ages. People see gold as an asset to keep in the family and pass on their wealth from one generation to another.<br />
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<strong>Weakness of the U.S. Dollar</strong><br />
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When times are uncertain, people are searching for alternative options to invest. US dollar is one of the world&apos;s most important reserve currencies, but when the dollar weakens compared to other currencies, people tend to invest more in gold and that raises gold prices - a perfect example is the time period between 1998-2008 when the price nearly tripled. Gold reached the 1000 dollar/oz milestone in early 2008 and nearly doubled between 2008 and 2012.<br />
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<strong>Inflation</strong><br />
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The simplest way to put it: When the cost of living increases, then also gold price tend to rise.<br />
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<strong>Uncertainty in the World</strong><br />
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When times in financial/political sector are uncertain, the stock market is dropping, businesses can&apos;t get loans as easily as before and trust in government is weakened- then usually gold price rises. Why? New investors are coming into the Gold price rises as investors trust gold to be a good investment.<br />
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<strong>Anonymity</strong><br />
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Investors can buy and own physical gold privately and anonymously.<br />
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<strong>Other than that...</strong><br />
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Gold is universal money, a tangible store of value and wealth protection.<br />
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Physical gold cannot go bankrupt or broke. Gold bullion will never default on promises or obligations.<br />
<h3>The Bottom Line</h3>
Even though gold prices can vary in the short term, it has always maintained its value over the long term.<br />
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So, in conclusion, gold is quite a safe way to invest in a long time period and we at Tavex suggest you diversify your investments and recommend you to have at least 15% of your portfolio in precious metals.<br />
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Our most popular investment products:<br />
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100-grams Valcambi Suisse gold bar - <a href="https://tavex.se/en/gold/100-gram-gold-bars-valcambi-suisse/" target="_blank" rel="noopener">https://tavex.se/en/gold/100-gram-gold-bars-valcambi-suisse/</a><br />
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1-ounce South African Krugerrand coin- <a href="https://tavex.se/en/gold/1-oz-south-african-krugerrands/" target="_blank" rel="noopener">https://tavex.se/en/gold/1-oz-south-african-krugerrands/</a><br />
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<span class="textsource">Article Source: <a class="textsource" href="https://EzineArticles.com/?What-Makes-the-South-African-Krugerrand-So-Popular?&amp;id=9850804" target="_blank" rel="noopener">What Makes the South African Krugerrand So Popular?</a></span><br />
<h2>Krugerrand</h2>

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