South African Silver Krugerrand
Fineness: .999 pure silver
Weight: 1.0 troy ounce
Face value: 1 Rand
New - First Year of Issue!
In August 2018, for the first time in it's 50+ year history, the South African mint released a Silver Krugerrand. A one ounce coin minted to a purity of .999, the Silver Krugerrand mirrors it's gold counterpart, with the reverse featuring the springbok and the obverse the bust of Paul Kruger, who played a significant role in South Africa gaining independence from Britain in the late 1800's. Offered at a slightly lower premium to the popular American Silver Eagle, the Silver Krugerrand is an attractice option for those looking to procure silver through one ounce government minted coins, at a slight lower cost per ounce. Add in the intrigue of 'first year of issue', and these are a great option for building a position in silver, especially at current prices.
A Quick Note on Silver Prices:
The current ratio of gold to silver of roughly 80:1 is within throwing distance of most undervalued condition in the market's history. Even a return to the historic average of 62:1 would have remarkable implications for the silver price. In fact, widely read technical analyst Clive Maund called the current silver market ‘The most bullish set up for silver that I have ever seen.”
Bond king Jeffrey Gundlach recently said he wouldn’t put it past gold to rise $1000 per ounce in the near future. BOA/Merril Lynch recently predicted a rise to $1450 or higher by year’s end. Many others have predicted rises anywhere from $1500-$1900 per ounce. Using a mid-point of these predictions of $1600 gold:
Here’s what silver would do if:
The ratio improved to is historical average of 62:1
Gold $1600 divided by 62 = spot silver price of $25.80
(That’s a 50+% increase from current prices)
The ratio improved to it’s bull market level average (2010-2012) of 50:1
Gold $1600 divided by 50 = spot silver price of $32
(That’s basically a clean double from current prices)
And last, the ratio improved to its bull market peak of 34:1 (May 2011)
Gold $1600 divided by 34 = spot silver of $47
(That’s roughly triple current prices)
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