Rand Refinery Minted Gold Bar 10 grams (999.9 Fine)

Price Subject to availability – prices may change according to indicators

Price: R17,250.00 each (Incl. VAT) 3 AVAILABLE

Description


The change in legislation makes allowances for the South African gold investor to own locally minted gold bars in 10 grams, 50 grams, and 100 grams. These bars are produced by the Rand Refinery and reflect the quality all international investors are familiar with through the gold Krugerrand. While the Krugerrands are VAT exempt and are 22 carats, these bars carry 15% VAT, but are 24 carats in purity, making them an important addition to any precious metal portfolio. Moreover, these gold bars may be taken overseas as part of one’s yearly R1 million allowance (provided they are declared). Exporting gold Krugerrands, on the other hand, is prohibited, and individuals may only take R30,000.00 worth of gold Krugerrands out of the country. From this perspective, these bars are desirable.

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