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Diversifies your portfolio and reduces your risk while protecting your purchasing power against inflation.

Increasing numbers of investors are turning to gold as a hedge against the rand and the many uncertainties plaguing international financial markets. It’s quickly becoming South Africa’s hedge. Problem is, there are currently more gold-related investment options than ever before. Investors are spoilt for choice.

The growing trend of central banks’ actively looking to diversify their reserve portfolios. While the dollar is still the primary global currency, its long-term dominance is less certain. In response, central banks are reducing allocations to US dollars and euros while increasing purchases of traditional assets such as gold and Japanese yen and new alternatives including Chinese renminbi.

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Keep up to date with the latest price updates at Randeree Jewellers Gold Exchange.

The official reserves of global central banks have grown from $2 trillion in 2000 to more than $12 trillion in 2012.

Gold has a long history as a reserve asset for central banks, and as such is considered a traditional one. Gold is statistically uncorrelated with other traditional reserves and new alternatives, making it one of the most important assets for diversifying out of the US dollar and euro.

About Krugerrands

Krugerrands are gold bullion coins with no denomination. The price and value of Krugerrands is connected to the daily gold price and is quoted in US dollars.

Krugerrands were first minted in 1967. The design of the Krugerrand features the bust of Paul Kruger (former president of the Zuid Afrikaansche Republiek) and on the reverse a springbok.

  • 1oz Krugerrands

  • 1/2oz Krugerrands

  • 1/4oz Krugerrands

  • 1/10oz Krugerrands

Defining Zakat

Zakat is a levy on the property of the wealthy for distribution to society’s poor. The Arabic word “zakat” has connotations of purity, increase and blessing, and paying it purifies, increases and blesses the remainder of one’s wealth.

Zakat is 2.5% of all zakatable wealth that has been in your possession for a lunar year. If your wealth amounts to less than a threshold figure, termed the nisab, then no zakat is payable. This threshold limit is 87.48g (3oz) of gold, or its equivalent in cash.

What is the nisab?

To be liable for zakat, one’s wealth must amount to more than a threshold figure, termed the “nisab”. To determine the nisab, the are two measures: either gold or silver.

Gold: The nisab by the gold standard is 3 ounces of gold (87.48 grammes) or its cash equivalent. This will vary with the current market value of gold. For the latest prices, refer to our Online Zakat Calculator.

Silver: The nisab by the silver standard is 21 ounces of silver (612.36 grammes) or its equivalent in cash. This will vary with the current market value of Silver. For the latest prices, refer to our Online Zakat Calculator.

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