South Africa’s Krugerrand Now Comes in Silver for the First Time
The new silver bullion Krugerrand went on sale this week, marking the first time in the Krugerrand's 51-year history that it has been made with a metal other than 22-karat gold bullion. Made by Prestige Bullion, a joint venture between Rand Refinery and the South African Mint, the silver Krugerrand will be produced in unlimited mintage, dependent on market appeal, and will be linked to the daily price of silver. It is expected to generate “significant interest.” “Extending the Krugerrand brand to silver lends it an immediate and unique property as an attractive asset class. The brand's illustrious pedigree is likely to [...]