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Gold Remains One of the Safest High Yield Investments – Mauritius Dodo Coins
Mauritians have access to investing in gold since over 20 years with the introduction of The Dodo coin in Rs 100, Rs 250, Rs 500 and Rs 1000 face values. It must have been in 1990′s, while a kid reading MCB Rupys magazine that I came to learn about it. The Dodo coins were a symbol of patriotism. A few years later, their prices has grown from Rs 1000 to Rs 8000… It came to my mind that hmm, gold prices have increased… Little did I guess that they’d keep on increasing. The Dodo gold coin prices grew an amazing 25%+ per annum* compound over the last five years! Or 14.5% p.a. for the last 10 years.That might not exactly sound high yield to you, if you are a pro investor getting over 50% p.a. but it’s consistent. I read earlier that Gold prices rise about 20% p.a. while real estate gets 15% p.a. in USA (pre-crisis).
*Get the latest and past prices of The Dodo gold coin from the Bank of Mauritius website: http://bom.intnet.mu
Rs 100 face value – 3.41g of gold - Rs 5155 to Rs 1000 face value (34.05g) at Rs 49,120.
BTW, the BOM site is really BOM!
3 Comments to “Gold Remains One of the Safest High Yield Investments – Mauritius Dodo Coins”
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There are a few things in this world which might always be generating profit…
You said it, price of Gold Coins keep increasing…
Another business in which it might be worth to invest : Petrol stations.
And the new comer in Mauritius : Lotto… Wow, can you imagine the millions of rupees they earn while Mauritians are blindly buying scratch cards/lotto?
However, I never came across someone who deals with gold coins. What about you?
As for the BOM site, no comments.
Petrol stations sustain with such a low commission by selling a lot. Petrol’s becoming a necessity nowadays, so people will keep buying. For Lotto as well the commission is low. You have to sell a lot.
It’s not profitable to pay using gold coins in shop. As far as I know, there’s only the Bank of Mauritius who issues and sells them. Seen them on sale at gold bullion coin websites. I’ll investigate into this.
Remember old people used to say, souverain!
my grand father used to have those old spanish gold coins in stock”-’