Kruger Rand

[sefakopm]

Is it a good business that can be practised full time? has many people benefited from it? Just curious to know. It is offered by FNB.

[Justloadit]

Its all about spreading your investment eggs.

If there ever is a problem with currency devaluating, you can count that gold will become the trading currency.

[tec0]

If it is the actual gold coin you are talking about, sadly as far as "value goes" it will take about a 100 or so years before there will be any "added collectability" fact is coin rarity is artificial in nature. But it is an easy way to own gold and as stated above gold is always in demand. So they will always have a direct link to the value of gold regardless of the economy locally.

Certifiable diamond is a game on its own. There are millions of them but again the actual value is artificial and is the reason why I stopped investing in them. "They got smaller and smaller and the prices are unreal" I will not go near a diamond right now unless if you can buy directly and then you really need to know diamonds.

Right now I like gold and platinum more but platinum is another story for another day…

[Just Gone]

sorry tec you are wrong again - I have a friend making plenty out of Kruger Reands and Nelson Mandela gold coins. It is a fantastic investment even over a period of a year!

[Dave A]

I have a friend making plenty out of Kruger Reands and Nelson Mandela gold coins. It is a fantastic investment even over a period of a year!

It's worth bearing in mind the spectacular variations in the gold price is a big factor in this.

[Just Gone]

It's worth bearing in mind the spectacular variations in the gold price is a big factor in this.

Of course but for some people to say it will take "100 years" to make money is a load of crap - clearly do not know what they are talking about!

[Justloadit]

One thing about gold is that it never loses it's market value, so effectively having part of your savings as gold ensures that in the very least you will have the same value through time, irrespective of the inflation that has occurred over time.

An old friend, used to buy a Kruger Rand when ever he could afford it, and over time accumulated so many, that if he stacked them one on top of the other, it would be over a meter and a half in height. His words were that had he had a retirement insurance policy, it would never have been the same amount in financial returns. He reckoned that he had far more value to retire on then anything at the time he started. When he needed cash, he simply sold the coin to the highest bidder.

[Nickolai Naydenov]

The kruger rands they make these days have only got the value of gold, they are not worth more than the actual gold price, so when goes up or down so is your kruger rand, however i noticed that when you buy the kruger rand you actually pay more than its real value at the time of purchase

[tec0]

Of course but for some people to say it will take "100 years" to make money is a load of crap - clearly do not know what they are talking about!

Yes the Mandela gold coins hit a spike but they will. It was oblivious from the start, that is why they cost a little bit more.

The circulation R5 coin will take years to become scarce enough to be called collectible. A coin can take up to 50 years just to become rare "On account of the human population meaning millions was stamped" And it may take up to a 100 years to become a rare collectible" Especially modern coins…

Not counting anniversary coins they are connected to the artificial regulated coins. And it is not a big secret. You simply ask about coin A how many will be stamped "made" who was the designer of the coin and you will immediately have a provenance that will point to "yes it is a collectible or no it is just worth the amount in whatever metal it was stamped on"

[Just Gone]

Ok tec ...... if you think you are right.

Ask yourself why are so many people trying to move the standard R5 coin but can't even get their money back at the moment? "Actually phone and ask the sellers of these lower quality coins."

"Also Phone them and ask about the lower quality but still [collectible] coins".

In case you forgot ..... we were talking KRUGER RANDS ..................... and that is what I replied to!

[tec0]

Ok tec ...... if you think you are right.



In case you forgot ..... we were talking KRUGER RANDS ..................... and that is what I replied to!

Good morning Kevinb, Please be advised that that I did indeed edited my post. Gold coins are connected to the gold market but they can fall into the same trap as standard collectible coins.

A coin's rarity is directly connected to its provenance firstly and secondly its quality and so on. If a low quality coin has a good provenance and there is not many around they will enjoy a high collector's value.

Sadly circulation coins do take a long time to build a reputation and the scarcity factor needs to be addressed. Thus the time factor. Example coins that are a 100 years old and older will enjoy a higher collectors value.

As for gold coins, the same is true… If there are many of them and they will be connected to their gold value not collectors value. The Mandela gold coins was a collectible.

Depending on time date artist and number made can be artificially regulated to an instant collectible. Thus they are worth more.

KRUGER RANDS became highly collectible at first then it became a way to own gold. Today they are in high demand and thus more coins are stamped. This will satisfy the market but because of the high numbers that was made, they may enjoy a "lower" collectors value but still a good gold value.

[Just Gone]

Yes I see you have a habit of typing one thing, then when someone replies or reacts, you edit your post.

I have no interest in gold coins, so have not even read your complete post - I merely originally stated I have a friend that makes lots of money from Kruger rands and Mandela coins.

[tec0]

Yes I see you have a habit of typing one thing, then when someone replies or reacts, you edit your post.

You are in invisible mode I cannot see you browsing the site, I actually lost my connection while editing my "anger" out of the post as you always aim to provoke... Then you try and make me look bad? By the time I was done I had to reconnect and "saved" At that time you already posted yours. It is a oversight that I have no control over. In words it happens. Why you would always assume the very worst is beyond me.

That said if you wish to continue in this bickering session please PM me and continue it there.

Thank you.

[wynn]

The nickel in the original R5 coin is worth a lot more than the face value of the coin today!

It is a pity I didn't collect a few 44gallon drums of them when they were around.

[Just Gone]

Then you try and make me look bad?

Nope I do not try to make you look bad ............ you do that to yourself !

I had to reconnect

Maybe its that "uncapped" internet that you were talking about the other day.