Posted by: nbaground on: January 25, 2010
Investment in gold is a wise strategy to diversify your portfolio during any economic conditions and makes perfect sense throughout the unstable financial times we're all experiencing. Debatable gold price sometimes moves independently of established investment vehicles and thus provides a wonderful hedge against inflation. Among the more accepted methods to hold gold is via gold bullion coins like Gold American Eagles or Canadian Gold Coins but do not forget about the granddaddy of all of them; Krugerrand gold coins.
The South African Mint Company minted the world's first gold bullion coin, the Krugerrand, back in 1967. Initially the coin was intended to be used as currency thus why it was made using a more long-lasting gold alloy, unlike many other gold bullion coins. Krugerrand Gold Coins are minted from a gold alloy that's 91.67% or 22 Karats. The remaining weight of the coin (8.33%) is copper which lends the coin an additional orange appearance. The kurgerrand is therefore referred to as the obverse of the coin bears the face of four-term statesman Paul Kruger, previous president of the old South African Republic.
The Krugerrand gold coins up to current times has had an extremely troubled history due in main to the global economic sanctions imposed against the South African government for its apartheid policies. This made the coin an unlawful import in many countries but didn't appear to dent the popularity of the coin either as an investment or part of a bigger coin collection. Actually the Krugerrand led to lots of other gold producing countries minting their own gold coins such as the American Gold Eagle, the Canadian Gold Maple Leaf, and the British Britannia Coin are a few of them.
As with other silver and gold bullion coins the Krugerrand is a pretty liquid investment. Liquidity is of magnificent benefit for investors as it actually means how fast you can convert your asset into cash. You can go to lots of coins dealers or websites and quickly sell your bullion or numismatic coins into cash. That is as compared to other forms of investment like property and real estate which aren't easily converted into cash and thus less liquid.
Gold bullion coins are truly the first investment to consider as a great addition to your portfolio. It is, in fact, the ancient metal of kings globally well-known for its long history as a store of value and safe haven investment. Together with the ever accepted and more obvious gold bullion coins available don't forget to think about Krugerrand gold coins.
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