2023 South Africa Krugerrand Gold and Silver Coins
2023 South African Krugerrand coins are now available from a variety of online bullion dealers. One of the cheapest government investment coins is available in fractional weights.
2023 South African Krugerrand coins are now available from a variety of online bullion dealers. One of the cheapest government investment coins is available in fractional weights.
Auditors say the mint failed its due-diligence on Euro-Pacific customers and suggests the refiner sold or is holding precious metals of “tax cheats, kleptocrats and foreign criminals”.
The US Embassy has issued an advisory for Americans living in South Africa to “maintain 72 hours’ worth of supplies at home by stockpiling non-perishable food, three litres of drinking water per person per day, and medicines and first aid supplies”. Advising people to be prepared for SHTF worst case scenarios.
Slowing demand likely caused by excessive premiums resulting from last year’s supply chain and production problems
The global economy is shifting back towards some form of a gold standard while the Federal Reserve is piloting various CBDC projects, new legislation introduced in Congress to block the Fed from issuing individual accounts
Some see the rise in demand by central banks buying gold as a signal that countries that have been bullied by Western economic policies as being eager for an alternative system that will create a more equitable system and fairer monetary standard.
Employment in the mining sector has fallen over 20% in the last decade due mine shutdowns resulting from the decline in demand for coal
Having a sizable store of central bank gold provides stability for a nation’s fiat currency, and gives confidence to foreign trading partners
Smart, lower silver premium alternatives to help lower dollar-cost average
Preliminary data shows that silver mine output increased by 4% global last year.