Archive | Coins and Bullions

How to Trade in Bullion

Bullion is defined as a mass of any one of the known precious metals, though it is commonly made of either gold or silver. Another important thing to note is the fact that its value is not determined by its face value as money or its artificial currency value, but on the mass and purity of the metal used. Precious metals fetched significant values due to their rarity; hence, the rarer the metal, the higher its price or value. However, the discovery of new sources for ores and the modern improvements in the mining and refining processes have diminished the value of gold or silver bullion; while others attribute this [...]

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What is Krugerrand?

Of all the known bullion coins in the world, the Krugerrand holds the distinction of being the most popular. There are 33 known bullion coin in the world; and of these, 5 are made of platinum, 18 of gold, 9 of silver, and only 1 from palladium. The Krugerrand is the South African gold bullion, which was circulated in 1967 by the South African Mint Company as the country’s currency. It was seen as the best way to market South African gold around the world due to its status as a legal tender. Ever since its first circulation, this precious metal coin has now accounted for about 99% of the [...]

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