Invest in Krugerrand Gold Coins

With the weakening of the dollar and rising price of gold, the monetary standard of the world was changing, and gold would play a growing part in those changes. As a result, people are buying more gold as investment such as gold bars and gold coins. Among all kinds of gold coins available on the market, krugerrand gold coin is one of the best choices for gold investors.

The South African Krugerrand is the world's first gold bullion coin and remains one of the most successful gold coins ever minted. Released in 1967, the Krugerrand is an international symbol of wealth. The obverse features South African Republic's first president, Paul Kruger. The reverse depicts South Africa's symbol, the Springbok gazelle. Krugerrands come in four sizes: 1-ounce, 1/2-ounce, 1/4-ounce, and 1/10-ounce. All four gold coins carry the same design. 1-oz Krugerrands are by far the most popular and generally can be found in large quantities.

The South African Krugerrands made gold ownership simple by providing a one troy ounce unit of gold that was easy to buy and sell all over the world. Instead of odd-weight bars of gold, the market for private gold owners now had the convenience of mass-produced bullion coins. Because of this reason, Krugerrands enjoy the most active secondary market of all modern gold bullion coins, with thousands changing hands daily.

Krugerrands are very popular as an investment because the premium over spot is usually pretty low. These days if you pay 1% over spot you are doing great, but with gold soaring right now it will take some research to find the right dealer.