Investment gold is tax-exempt according to § 6 Abs. 1 Zi 8j UStG.
More about Gold Krugerrand 1 oz - 2023
The Gold Krugerrand is an South African gold coin which has been minted at Rand Refinery in Germiston close to Johannesburg since 1967. It is the most widespread bullion coin in gold. It is available in units of 1 ounce, 1/2 ounce, 1/4 ounce and 1/10 ounce.
The fineness of the Krugerrand gold coin is at 916,7. The alloy with copper gives the coin a reddish colour and enhances the scratch resistance.
The Gold Krugerrand is named after the South African president Paul Kruger (1882-1902) and the South African currency “Rand“. The front shows Paul Kruger’s portrait. On the back is a springbock-antelope, the heraldic animal of the Republic of South Africa. Despite the Gold Krugerrand not having any currency indicator it is considered legal tender. The value is determined according to the price of gold on every business day. The London Goldfixing functions as value indicator.
During the first three years of mint, the batch of Krugerrand gold coins was under 50.000 ounces per year. After that, production increased four times and reached its peak of up to 6 million ounces during the oil crisis. In 1986, the apartheid’s imposition of sanctions led to a sharp decline in production which lasted until the abolition of embargo on imports in 1999.
Buy the Gold Krugerrand 1 oz - 2022
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