GOLD---in the form of Krugerrands

coachman12

A topic about gold jewellery on this Forum reminded me that I mentioned a day or two ago my 1 ounce Krugerrand collection------- in the savings and investments Forum, where it was very much out of context as the discussion of "punts" (that I doubt any poster invested in) was the order of the day. Can anyone tell me if they have any Krugerrands and,  if so , how long they have held them and in what sort of facility do they keep them please ? They seem to have become "unfashionable" in recent years and have merely remained stable, yet I have seen an increase in value of over 100% now compared to 2015ish; and circa 50% increase over the past year. Anyone familiar with these beautiful works of art ?

ColdIron

Krugerrands are not beautiful, they are dull and coppery due to the copper in them. But bullion is bullion so it doesn't matter

Struggling to see how your "unfashionable" krugs "have merely remained stable" and yet "have seen an increase in value of over 100%"

coachman12

ColdIron said:

Krugerrands are not beautiful, they are dull and coppery due to the copper in them. But bullion is bullion so it doesn't matter

Struggling to see how your "unfashionable" krugs "have merely remained stable" and yet "have seen an increase in value of over 100%"

I suppose it's a matter of taste, like fine paintings, but I really think each of my 100 Krugerrands are a work of art and a joy to see, let alone touch-----you may have based your view on just seeing pictures of them. Their value remained level for a long time before the increases I mentioned in my post. So I'll take it that you don't have any then but wish you did.

dont_look_now

coachman12 said:

I suppose it's a matter of taste

mark55man

there's no answer to that apparently

gold fans  deserve their moment in the sun, but this is the whole premise of gold investing not a whole new story, so good and profitable for now, but will means revert in the long term 

shaun_from_Africa

coachman12 said:

Can anyone tell me if they have any Krugerrands and,  if so , how long they have held them and in what sort of facility do they keep them please ? They seem to have become "unfashionable" in recent years and have merely remained stable, yet I have seen an increase in value of over 100% now compared to 2015ish; and circa 50% increase over the past year. Anyone familiar with these beautiful works of art ?

I wouldn't refer to a standard bullion Krugerrand as beautiful.
A proof version doesn't look too bad but when you consider the extra that you have to pay for a proof coin, I would expect it to look far better.
I've quite a collection of bullion coins (a mixture of Krug's, Australian bullion coins, Sovereigns and a few Britannia) and I think that the Britannia is the nicest looking but as they were bought purely as bullion, what they look like doesn't really matter.

coachman12

shaun_from_Africa said:

coachman12 said:

Can anyone tell me if they have any Krugerrands and,  if so , how long they have held them and in what sort of facility do they keep them please ? They seem to have become "unfashionable" in recent years and have merely remained stable, yet I have seen an increase in value of over 100% now compared to 2015ish; and circa 50% increase over the past year. Anyone familiar with these beautiful works of art ?

I wouldn't refer to a standard bullion Krugerrand as beautiful.
A proof version doesn't look too bad but when you consider the extra that you have to pay for a proof coin, I would expect it to look far better.
I've quite a collection of bullion coins (a mixture of Krug's, Australian bullion coins, Sovereigns and a few Britannia) and I think that the Britannia is the nicest looking but as they were bought purely as bullion, what they look like doesn't really matter.

I have a few proof versions and yet I still think the standard 1 ounce coin is a thing of beauty. All that glitters does not have to look gold. And it's not just bullion to me-----it's more aesthetic pleasure.  
It's like paintings-----another so-called investment whereas to me they are solely things of beauty to be looked at and admired.
BTW anyone invested in paintings, stamps, etc if they are not coin collectors ?

A_T

are you going to make 4th post saying how nice you think they look?

grumiofoundation

coachman12 said:

ColdIron said:

Krugerrands are not beautiful, they are dull and coppery due to the copper in them. But bullion is bullion so it doesn't matter

Struggling to see how your "unfashionable" krugs "have merely remained stable" and yet "have seen an increase in value of over 100%"

I suppose it's a matter of taste, like fine paintings, but I really think each of my 100 Krugerrands are a work of art and a joy to see, let alone touch-----you may have based your view on just seeing pictures of them. Their value remained level for a long time before the increases I mentioned in my post. So I'll take it that you don't have any then but wish you did.

Was that really necessary? Probably would have been easier/better just to accept your OP was unclear/poorly written. 

P.S. - especially from someone who complains a lot about how they wish the forum was a 'nicer place'.

EdGasketTheSecond

I had a Krugerrand once; very nice coin. Now I find physical too clumsy for investment. There's issues of storage, insurance, who to sell to and how and the time that takes. I prefer ETFs, shares in miners, and BullionVault where one can buy/sell instantly and with minimal cost. There are some potential counter party risks with ETFs but physical is not risk-free either.

coachman12

EdGasketTheSecond said:

I had a Krugerrand once; very nice coin. Now I find physical too clumsy for investment. There's issues of storage, insurance, who to sell to and how and the time that takes. I prefer ETFs, shares in miners, and BullionVault where one can buy/sell instantly and with minimal cost. There are some potential counter party risks with ETFs but physical is not risk-free either.

You mention issues such as storage of the "very nice coin". That is why I asked in my O/P about where owners store any Krugerrands they might have----I agree with you that it is a major consideration.