The Zimbabwe central bank has introduced gold coins for sale to investors and the general public.
The RBZ Governor, Mangudya said this during the launch on 25 July 2022, “the coin is a sign of respect for the people of Zimbabwe “ there is no other better product that can be used to store value other than gold.”.
Gold is one of the best-known items of value in the world. It goes across cultural boundaries, and throughout history, gold has played numerous roles from currency, to essential materials in electronics, to jewellery with artisanal value.
To many investors today, gold maintains its allure as a one-of-a-kind asset, which offers an alternative to conventional stock and bond markets.
The precious metal is considered a safe haven asset and its highest demand is seen during volatile times such as the current COVID-19 pandemic.
At its last peak in August 2020, gold broke US$2,000 for the first time. This was up from just US$1,485, at the same time in 2019.
Gold also acts as a hedge against inflation. As the general cost of goods rise, gold values rise along with them.
This is partly because gold is available in such finite quantities and because of this, gold owners can better preserve their purchasing power, even as low interest rates drive up prices.
For the convenience of Investors interested in the Zimbabwean Gold Coin , but resident outside zimbabwe, the gold coins are available for purchase online via this platform email: [email protected] to create your account.
SELLING PRICE
The gold coin is pegged at a price based on the prevailing international price of gold plus 5% to cover the cost of production and distribution of the coin on a Payment vs Delivery basis.
Current cost of the coin is set at US$1823,80. ■
