Who's the Swiss investor hwo lapped up a major quantity of Krugerrand gold bullion coins by the Rand Refinery and dried up its Kruggerand reservoir?
Rand Refinery, the world's largest gold refinery refuses to reveal the identity of the individual but said that the stock can be replenished only in September.
Krugerrands can still be purchased thru dealers such as Regal Assets one of the world's leading recognized companies for gold investors. Regal Assets to date has been able to meet the demands of their clients, but has been urging that investors looking for specific gold coins and bullion not hesitate as global demand is at an all-time high.
It is not the first time that gold bullion coin demand has outdone its supply, in the recent past the U.S Mint discontinued its sales of American Eagle gold coins and Johnson Matthey has ceased its order intake for 100 ounce silver bars at its Salt Lake City refinery. China and India both have long term gold buying strategies that may also cause a shift in the availability of certain types of gold bullion such as the Krugerrand.
The Krugerrand was introduced and inducted in the year of 1967 and has so far, to this day, maintained steady investment and soaring popularity owing to the fact that every individual Krugerrand gold coin possesses a troy ounce of 22 Karat gold. The Rand Refinery has successfully been manufacturing, marketing and delivering Krugerrand bullion over 4 decades and has so far managed to deliver more than 46 million ounces since 1967.
Gold has remained a fixed source of shield or haven for the flickering and turbulent dollar or for that matter any currency. The price of gold is estimated by most experts to increase anywhere from $1,300 to $2,000 in the near future. In the wake of current crisis, where currencies could falter and cease to have its current importance, gold apparently seem to be a logical next best step for many.(PRWeb)