Could gold price hit $4 000, and is this the time to invest in Krugerrands?

Speculation is heating up over whether the gold price could hit $4,000 an ounce soon.

On Wednesday (17 September), gold was trading at an astonishing $3,678.26, after first moving past $3,600 per ounce earlier this month.

The commodity's consistent record-breaking rallies reflect an increase of almost 80% in just over 18 months.

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• Gold reaches new record high, edging closer to $3 000 breakthrough

The gold surge underscores the metal’s enduring appeal in turbulent times, echoes The SA Gold Coin Exchange's Rael Demby.

"As global markets brace for continued volatility, all eyes are on gold’s next move - solidifying its status as the ultimate shelter in times of economic storm."

Rael Demby, CEO - The South African Gold Coin Exchange

What does this mean for investors, and choosing Krugerrands as their gold option?

The figures Demby cites are difficult to argue against.

"The reality is, gold has its ups and downs, but just look at the Krugerrand - launched in 1967 it cost R27 and today it's trading at R69,000!"

Rael Demby, CEO - The South African Gold Coin Exchange

And while gold can hit a bump from a rand hedge point of view because it is priced in US dollars; consider that big banks, governments and institutions are piling into it still.

"It's almost like the insurance policy against your other investments."

Rael Demby, CEO - The South African Gold Coin Exchange

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