Krugerrands
Posted March 9th, 2008 by SamAdams
Why did I choose the Krugerrand?
Krugerrands are gold. The South African government wanted to encourage people to buy gold mined in their country, and so they did three things to make it more attractive.
1) Countries (including the U.S.) have a history of confiscating precious metals like gold during economic crises. However, there has been a tacit understanding that one country doesn't confiscate the legal tender of another country, even if the currency is a precious metal.
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