Existing-client information
Your account questions.
Answered.
Find information about existing agreements, coin collection and storage.
What is gold?
Gold is a precious metal, often used in jewellery, electronics, medicine and coins. Gold does not tarnish. Gold has a recognised value worldwide and is often a symbol of wealth and luxury.
What is a karat?
The amount of gold measured within the gold object is called a karat. If other metals are added when melting gold, the number of karats decreases. Gold is measured in karats.
What is a coin?
Coins celebrate milestones, achievements and historical events in that country. There are different types of coins that have a monetary value (such as Rands, Pounds, Euro etc) and then there are collectable coins that are often rare and not always in circulation as currency.
What is a face value?
Face value is the amount depicted on the coin, for example a R2 coin has a face value of two rand.
What is a medallion?
A medallion is like a coin, but it does not have a face value (Like R10). Often, medallions mark momentous moments or events in time, making them an appealing choice to collectors.
What does diversification mean?
Diversification is when you have many types of investments, in case one does not work out you would still have the others.
What is a Krugerrand?
The Krugerrand is a South African gold coin first minted in 1967.
What does hedging mean?
Hedging is usually associated as an investment used to reduce the risk of another investment. Buying gold that is priced in US Dollars is therefore a South African Rand hedge.
What does economic uncertainty mean?
When the future outlook of a country’s economy is unpredictable or worrying, there is economic uncertainty.
Is Gold For Life offering new coin sales?
No. Gold For Life is no longer offering new coin sales. This website provides information and email contact details for existing clients.
How long should one keep gold for?
The right holding period depends on your circumstances and reasons for buying. Gold prices can rise or fall. Speak to an independent financial adviser if you need investment advice.
What does mintage mean?
Mintage is the number of coins or medallions produced. It is one factor in collectability; a low mintage does not guarantee a higher future value.
What is the difference between an investor and a collector?
Investors like to make large returns in things like shares, unit trusts, property and stokvels.
Collectors tend to build a large and proud collection of things like cars, paintings, watches, coins and stamps over many years. Collectors create a legacy that they pass on from one generation to the next.
How do I get my coin?
Once you have paid all of the instalments the coin is yours. You now have the option to either collect your coin or have the coin delivered to you, at an additional cost. If you would like for us to keep your coins in our SafeGold vault, we can arrange this together with you.
Where can I store my coin?
If you choose not to collect your coin, and would prefer that we keep your coin safely locked away for you, you have the option of selecting to make use of our SafeGold vault at an additional cost.
Where can I check my existing payment terms?
Your existing agreement sets out the applicable price, instalments and payment terms. Please email sales@gfl.co.za with any questions about your account.