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That means that the price of gold has to appreciate by 35% before you break even on a sale. Would you buy a stock if your broker charged you a commission of 35%? We have our roots in the securities industry, where commissions are far lower, which is part of why we do not sell ...
The coins have legal tender status in South Africa, although Krugerrands were never assigned a rand (ZAR) value. Krugerrands were designed to derive their value exclusively from the price of gold at the time they are traded. If the price of gold changes, so does the price of Krugerrands....
How much gold Krugerrands are worth depends on the price of gold. Any Krugerrand is worth at least its weight in gold when you sell. On the retail market, gold Krugerrand prices are usually expressed as a "premium over spot." This means the value of a given Krugerrand is the gold spot...
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