Sunday/ 10/10/10 and gold

That’s a date reference (yes, I’m cheating a little since the year is 2010 but oh well).  It is also the birthday of Stephanus Johannes Paulus Kruger (10 October 1825 – 14 July 1904), better known as Paul Kruger and affectionately known as Uncle Paul (Dutch: “Oom Paul”).   He was State President of the erstwhile South African Republic (Transvaal).   He gained international renown as the face of Boer resistance against the British during the South African or Second Boer War (1899–1902).

The Krugerrand is a South African gold coin, first minted in 1967 to help market South African gold.  It is produced by the South African Mint Company.   It is minted from gold alloy that is 91.67% pure (22 karats), so the coin contains one troy ounce (31.1035 g) of gold.    The second picture shows the rise of the gold price since 2000.   Friday it closed at US$1,318.95  on the New York Stock Exchange.  Is it headed even higher?

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