How you can invest in (part of) a Krugerrand for as little as R50

CapeTalk’s Lester Kiewit speaks with Rob Mackay, Mesh.trade Investor Management Lead.

Listen below.

Krugerrands are one of the most cost-effective physical gold investment assets available to South Africans.

However, investing in one full coin may still be out of reach for most of us in this economy.

Mesh.trade, in partnership with TroyGold, have a solution.

They have made it possible to invest in a portion of bullion Krugerrand coin.

Mackay says they have taken a 1-ounce bullion Krugerrand and tokenised it on their blockchain.

They then hyper fractionalised it, which allows people to invest in gold at a R50 minimum.

“You can either buy it as one token or any fraction thereof to seven decimal places.” 

- Rob Mackay, Mesh.trade Investor Management Lead 

RELATED: Remember when the US banned imports of Krugerrands mid-80s - would Trump even consider similar SA sanctions?

Overtime you can build up to have one physical coin and redeem your tokens to have a physical Krugerrand coin delivered to your home.

Scroll up to the audio player for more.