noun
- A gold coin minted in South Africa, containing one troy ounce of gold, widely used as an investment and store of value.
Usage: Often capitalized as 'Krugerrand'; Named after Paul Kruger, former president of the South African Republic
Examples
- She invested in krugerrands as a hedge against inflation.
- The collector purchased several krugerrands at the precious metals dealer.
- Krugerrands are popular among investors who want physical gold holdings.
- The price of krugerrands fluctuates with the spot price of gold.
- Many people store krugerrands in safe deposit boxes for long-term wealth preservation.