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.
Why do people buy gold?
Gold is valued as the safest way to store and protect wealth. It is a timeless metal that has a proven track record of gaining value over time.
Who buys gold?
Anyone can buy gold. Around the world, many governments, large companies, and the public own gold.
How do people buy gold?
Gold can be bought in various ways, such as in jewellery, gold shares, gold bars or gold coins.
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?
In 1967, the Krugerrand was made as the first and only way for the public to own gold in the form of coins. The proudly South African Krugerrand is the world’s most popular gold coin. It was sold for only R27 back in 1967, and today it sells for over R39,000.
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.
Who is Gold For Life?
Gold For Life is a company that was established in 1983 and has grown to become the market leaders. Gold For Life sells gold coins and medallions on easy payment terms to all South Africans.
Where can I find Gold For Life ?
Our Head Office is in Tower 2, The MARC, Sandton or our store in Southgate Shopping Centre, Soweto.
How long should one keep gold for?
Buying gold should not have an end date in mind. Gold is the safest way to keep your money, so the longer you keep it for, the more value it can gain.
What does mintage mean?
Mintage is the amount of coins or medallions that is produced (minted). The lower the mintage, the rarer the coin is, and the higher the future value of the coin will be.
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.
What are the payment plans?
You can pay cash for your coin via EFT, online or in person, or you can opt for a monthly instalment plan over 12, 24, 36 or 48 months.
How do I know which coin to choose?
Our team of dedicated coin consultants will help you choose the perfect coin. Give us a call on 011 784 8787 or ask us to call you back.