I was reading the financial papers today and they were saying that gold is a good investment in the short term. I was also looking at Reuters and they had a Fibonnaci sequence chart that has been reliably predicting the course of the gold price for years. The gold price was peaking every time stocks bombed, and bombing every time stocks peaked.
With krugerrands being made of gold, krugerrand values also follow these patterns, but are also following price levels to do with them being a collector's item. Also krugerrands are SCARCER than gold in itself, so there is a scarcity value involved with their krugerrand value.
With the stock market bouncing up and down manically, and reliable sources saying there could well be another crash worse than the last one coming up in weeks or months, and krugerrand values being maintained on average and even increasing, is it really a difficult decision to take money out of paper bonds and stocks and put it into krugerrand gold coins instead?
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