Gold Coins Have Been South Africa’s Best Investment For 50 Years

In the 50 years since the first Krugerrand was minted in South Africa, the gold coins have turned out to be one of the best investments in the country.

As Bloomberg reports, the Krugerrand originally sold for 27 rand (then worth $35) back in 1967. One ounce of gold is now worth 16,840 rand ($1,273), boosted by a combination of rising global gold prices and a depreciating local currency.
Since 2000, the rand value of the coin has outperformed local property, the stock market and gold priced in dollars…

Which is exactly what it should do as a preserver of wealth as faith in fiat dissolves.
However, there are further fundamental reasons to support gold gains from here…
Gold supply from mines has fallen

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