Krugerrand sees Covid’s silver and gold lining

Krugerrand gaining lift from global uncertainty about the effects of the pandemic and economic growth prospects

01 August 2021 - 00:03 By NICK WILSON

The Krugerrand, first introduced 54 years ago, is experiencing its best export sales in about 30 years as demand for safe-haven assets such as gold and silver shows no sign of abating.

Not only are the coins — first introduced in 1967 by the then Chamber of Mines to add value to South African gold — reaping the benefit of a supercycle commodities boom that has run for more than 18 years, but they are gaining lift from global uncertainty about the effects of the pandemic and economic growth prospects...

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