Demand for Krugerrands skyrockets

21 April 2013 Industry News

Demand for Krugerrands skyrockets
The demand for Krugerrands has skyrocketed during the past week as investors tried to benefit from the weaker gold price. We have been unsucessful in obtaining Krugerrands but have been fortunate to get some silver or should that be $ilver.

Glenn Schoeman, chief executive officer of Gold Reef City Mint and chairman of the South African Numismatic Dealers (SAAND) also indicated to Moneyweb that the dramatic drop in the gold price during the past week has sparked off a “massive, massive buying spree”.

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