In the 50 years since the first Krugerrand was minted in South Africa, the gold coins have turned out to be one of the best investments in the country.
As Bloomberg reports, the Krugerrand originally sold for 27 rand (then worth $35) back in 1967. One ounce of gold is now worth 16,840 rand ($1,273), boosted by a combination of rising global gold prices and a depreciating local currency.
This post was published at Zero Hedge on Aug 20, 2017.
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