The Gold Krugerrand Bullion Coin is the world’s most widely traded bullion coin and was first manufactured in July 1967. Unlike other gold bullion coins, the gold Krugerrand contains no legal tender value on the face or obverse of the coin, intentionally ensuring that its value is derived exclusively from it’s gold content and weight. It is estimated that more that 50 million Gold Krugerrands have been manufactured and sold worldwide to date. It remains the most popular and trusted brand on the gold bullion market.
If there is one thing of which we can be certain, it is that today’s status quo will not last for ever. Economic developments both at home and in the rest of the world can upset countries’ plans, while global shocks can affect the whole international monetary system. Owning gold is thus an option against an unknown future. It provides a form of insurance against some improbable but, if it occurs, highly damaging event. Such events might include war, an unexpected surge in inflation, a crisis leading to repudiation of foreign debts by major sovereign borrowers, a regression to a world of currency or trading blocs or the international isolation of a country. In emergencies countries may need liquid resources. Gold is liquid and is universally acceptable as a means of payment. It can also serve as collateral for borrowing.
The Gold Krugerrand is 22 karats, or 91.61% pure. The actual weight of the coin is just a little over 1 troy ounce (1.0909 troy ounces or 33.93 grams to be exact). In order to make the coin more durable and resistant to scratches, and additional 2.826 grams of copper is added, making the final weight 33.93 grams (31.103 grams of gold and 2.862 grams of copper).