First National Bank has announced it will be the first bank in South Africa to sell Krugerrands online.
The full range selling Price of Krugerrands ranging from 1/10, 1/4, 1/2, and full 1-ounce coins on 15 February 2011 as follows
FNB has partnered with Rand Refinery Ltd to sell Krugerrands via its Online Share Investing platform.
Currently, Krugerrands are typically purchased at retail coin outlets, which presents the purchaser with the security risk of not only transporting the coin but also finding a secure method of storing it at home.
FNB is offering ownership of physical gold with safe custody and a guaranteed buy-back offer if the coin is held securely at Rand Refinery Ltd. Physical custody is also possible for clients who prefer to hold their own coins.
"The launch of Krugerrands from FNB enhances our Share Investing platform by offering an exciting asset class, physical gold. Like the Share Investing platform, the offer is designed to make investing in gold easy and hassle-free," says Gusta Binikos, CEO of FNB Share Investing.
Customers can trade Krugerrands through online and call center channels. Some customers prefer to speak to a person when making investments, so we have established a call center facility. FNB offers investor education on gold and Krugerrands on its website.
"The FNB Share Investing platform will benefit customers because they are buying through a safe, tried, and trusted channel and a reputable supplier via our Internet banking platform. Gold is famous for its role as a safe haven asset. It is a stable, secure asset class and a great hedge investment tool that provides good returns over the long term.
Today, a one-ounce Krugerrand coin is worth approximately R10 000. In 2001, the same coin cost approximately R2 000. In 2010, the price of an ounce of gold grew by 29%. To this end, FNB hopes to give South Africans access to an asset that will help them diversify their portfolios and enable them to create wealth.
Krugerrands, made from 22-carat gold, are sought after worldwide for their intrinsic value. Over 46 million ounces of Krugerrands are in circulation, making them the most popular traded coin in the world today.
Gold investment: Tremendous success in the last five years
The full range selling Price of Krugerrands ranging from 1/10, 1/4, 1/2, and full 1-ounce coins on 15 February 2011 as follows
FNB has partnered with Rand Refinery Ltd to sell Krugerrands via its Online Share Investing platform.
Currently, Krugerrands are typically purchased at retail coin outlets, which presents the purchaser with the security risk of not only transporting the coin but also finding a secure method of storing it at home.
FNB is offering ownership of physical gold with safe custody and a guaranteed buy-back offer if the coin is held securely at Rand Refinery Ltd. Physical custody is also possible for clients who prefer to hold their own coins.
"The launch of Krugerrands from FNB enhances our Share Investing platform by offering an exciting asset class, physical gold. Like the Share Investing platform, the offer is designed to make investing in gold easy and hassle-free," says Gusta Binikos, CEO of FNB Share Investing.
Customers can trade Krugerrands through online and call center channels. Some customers prefer to speak to a person when making investments, so we have established a call center facility. FNB offers investor education on gold and Krugerrands on its website.
"The FNB Share Investing platform will benefit customers because they are buying through a safe, tried, and trusted channel and a reputable supplier via our Internet banking platform. Gold is famous for its role as a safe haven asset. It is a stable, secure asset class and a great hedge investment tool that provides good returns over the long term.
Today, a one-ounce Krugerrand coin is worth approximately R10 000. In 2001, the same coin cost approximately R2 000. In 2010, the price of an ounce of gold grew by 29%. To this end, FNB hopes to give South Africans access to an asset that will help them diversify their portfolios and enable them to create wealth.
Krugerrands, made from 22-carat gold, are sought after worldwide for their intrinsic value. Over 46 million ounces of Krugerrands are in circulation, making them the most popular traded coin in the world today.
Gold investment: Tremendous success in the last five years
