Best Time to Buy Gold Krugerrands

krugerrands-1ozCoin collectors everywhere are presently investing in the popular gold Krugerrands coins. The premiums associated with Krugerrands are lower than those premiums associated with standard American Gold Eagle coins, and this could be one of the primary reasons for the high demand for gold Krugerrands. Gold Krgerrands are definitely appreciated over the years since their values are much based on the gold content the coins carry. Coin collectors question when is the best time to purchase Krugerrands.

When it comes to gold bullion coins, gold Krugerrands has been created and minted more than all other gold bullion coins. There are more than 40 million gold coins minted since the late 1960s with the majority of such coins being crafted between the 70s and 80s. The increase in the creation of more coins in the latter mentioned decade is due to a serious increase in the demand for Krugerrands at the time when consumers were looking for safe investment/inflation protection that is offered by gold.

At one point, the importation of gold Krugerrands was banned by the congress in order to protect the domestic gold bullion sales in the mid 1980s. Later, in the mid 1990s the banned was lifted and once again, the trading of this popular gold bullion coin began. However, since the gold Krugerrands were banned for nearly a decade by then, other coins gained more popularity, and the prices of Krugerrands declined considerably. Nevertheless, these coins regained the popularity since the late 90s. Today they are one of the most popular gold bullion items among today’s avid coin collectors and many coin collectors are still seeking to add these Krugerrand coins to their collection.

The best time to buy gold Krugerrands is now. As one of the safest and most popular method to combat the recession and deflation, gold becomes even more popular in the global economic crisis. Nowadays the gold prices continue rising, resulting the steady appreciation of gold Krugerrands. Available in four different sizes including the one ounce, the half ounce, the quarter ounce and the one-tenth ounce varieties, Krugerrands are very affordable and easily accessible. These types of coins all featuring the same depictions on their fronts and backs, are made of 22 karat gold and copper alloy mix. Several thousand of these particular coins are bought and sold on a daily basis. Low in price and set to appreciate in value over time. That's why many coin collectors are so interested in buying these tremendously popular coins today.

Tags: ,
Posted in Krugerrand Gold Coin Articles | No Comments »