An Overview of Rand Refinery and Their Bullion Products

Founded in South Africa in 1920, Rand Refinery is a South African precious metals refinery that has been in business for more than 100 years. Since it opened, that has processed about 50,000 tonnes of gold. A variety of bullion items, including gold and silver bars, coins, and medallions, are produced by the refinery. The Krugerrand series, 1 KG gold bars, and coined gold bars produced by the Rand Refinery are well-known. Notably, the rand refinery is the only refinery of precious metals in Africa to have LBMA accreditation. To counter the Canadian Maple Leaf silver currency, the Rand Refinery released a silver Krugerrand coin in 2018.

Gold Bullion From Rand Refinery: Why Invest in Gold Bullion?

In direct reaction to shifting demand patterns over the past two decades, Rand Refinery has developed to be a significant supplier of kilobars in worldwide markets. The Kilo 9999 and Kilo 9950 bars, 1-ounce minted bars and 100g cast bars, and 22ct and 24ct coin blanks for national mints are only a few of the popular products produced by Rand Refinery. All its products have been used and trusted throughout the Far and Middle East, China, Europe, and North America.

The Krugerrand is their most recognized item. They also manufacture gold bars, too. Rand Refinery gold bars are offered in numerous common sizes and have a quality of almost 100% (999.9). A great investment prospect is gold bars.

Pros and Cons of Investing in Rand Refinery Bullion

Perks of buying bullion from the Rand Refinery:

•   it is renowned for manufacturing pure and exceptional gold and silver bullion. Therefore, you will get high-end quality.
•   The bullion products are easy to trade at any time because they are well-known and traded on the international market.
•   Bullion can be used as a long-term store of value and an inflation hedge.

Things to look out for when purchasing bullion from the Rand Refinery:

•   identical to other investments, the price of the bullion may be impacted by shifts in the world market.

·   Bullion worth is exclusively reliant on the price at which it trades on the market. It doesn’t produce income or dividends. (Which is the case no matter which mint or refinery the Gold comes from)