Investing in Foreign Gold Bullion
Many countries have entered the gold bullion market to provide us with a large array of choices. One of the most popular is the South African Krugerrand. First minted in 1967, the Krugerrand is 91.67% pure (22 karat) and though the original contains 1 ounce of gold, South Africa has added several smaller coins, including the half ounce, quarter ounce, and tenth ounce coins aimed at the smaller investor.
Based on the success of the Krugerrand, Canada entered the gold bullion market in 1979 with the Canadian Gold Maple Leaf. In 1983, Canada added the half ounce, quarter ounce, and tenth ounce Maples. Since 1982, all the fractional Canada gold Maple Leafs have been struck with .9999 fine gold. The one ounce coin changed in 1983 from .999 to .9999.
Australia entered the gold bullion market in 1986 with the introduction of the Nugget (or Kangaroo, as it's someimes known). The Nuggets are minted in the usual one ounce, half ounce, quarter ounce, and tenth ounce sizes and are made from .9999 fine gold. Australia also produces larger gold bullion coins of 1 Kilo, 10 Ounce and 2 Ounce sizes.