Investor Glossary-krugerrandInvestor Glossary-krugerrandInvestor Glossary-krugerrandInvestor Glossary-krugerrandInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Krugerrand

The HTML to link to this page
 

A krugerrand is a gold coin minted by the Republic of South Africa. A krugerrand contains one ounce of twenty-two carat gold. It is legal tender and is valued at the current market price of gold. The krugerrand is named after Paul Kruger, an early president of South Africa, and was first sold in 1967. The coin shows his face on its front side. The back side of the krugerrand shows a springbok, a national symbol of South Africa. The krugerrand also has a tiny amount of copper added to it to help it resist damage. The krugerrand has often been controversial because it was first made under the country's practice of apartheid, when gold was mined by black workers.



Rate this Krugerrand definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: cancelled check, stock split, ex-dividend, class C shares, balance sheet, dividends payable, deferred tax, 401a, average price per share, stock market close, VIX, current ratio, open position, EBITDA, debt service coverage, irrevocable trust, risk management, required rate of return, retained earnings, inflation, covered put, FICO score, diluted share, APR, quality assurance, 144a, in escrow, wholly-owned subsidiary, ex-dividend date, reverse mortgage, labor relations, 1035 exchange, deferred revenue, Key Rate Duration, Zero Cost Collar, 1031 exchange, option premium, phantom income, LIBOR, command economy, limit order, FTSE, minority interest, margin rate, annual return, implied volatility, real GDP, liquidity ratio, per diem


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use