Kruger Rands or other gold coins retain their value exceptionally well despite economic downturns. The global and countries economy can affect local currency and inflation rates therefore you may find that the money you worked so hard to save over the years is no longer worth as much as they did years ago.
Due to its reliability and recent price increase, more people are turning to invest in gold coins to safeguard their financial future. The value of gold may fluctuate on a daily basis but between 2007 and 2011, the value of gold nearly tripled. Therefore gold coins offer a safe, secure long term investment particularly in times of financial crisis.
Gold coins are always more valuable in one piece than their scrap metal value. Therefore the best way to exchange your gold coins for cash is to sell to a bullion dealer. The scrap metal value will only fetch a fraction of the price therefore you could lose money if selling to a scrap metal buyer. Once the gold coins are melted, the gold is only valued on the weight. Gold coins, branded jewellery and medals will always be worth more intact than its melted down price. Once melted, they lose the value of its original craftsmanship. If you need to pawn any of these, it's better to sell the pieces to specialist gold coin or kruger rand dealers or second hand jewellers.
In any stock market gaining in popularity, there will always be businesses out cashing in on the latest trend and prise you away from your hard earned money. Therefore it is crucial that you always deal with with reputable, trustworthy and reliable gold coins dealers with a solid reputation. Out of all gold coins widely accepted around the world, Kruger rands is one of the most recognised and popular. Gold coins are not made of 100% pure gold otherwise they would be too soft. However each Kruger Rands coin contain 1 ounce of pure gold. The gold is directly linked to the international gold price making it easy to understand exactly how much each of your coins are worth at the time of buying or selling.