South African Krugerrand Celebrates Golden Anniversary, Demand Surges

The South African gold Krugerrand turned 50 this year, and with higher demand for physical gold, analysts expect sales levels not seen since the 1980s.
Rand Refinery marketing executive head Richard Collocott spoke to reporters at the facility last week to celebrate the Krugerrand’s golden anniversary.
Increased demand for gold has supported sales of the gold bullion Krugerrands and this year is predicted to yield the highest sales since the 1980s, with an expected 15% to 20% increase on the 1.1-million ounces of the coins sold in 2016.’

This post was published at Schiffgold on AUGUST 21, 2017.

 

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