Frequently Asked Questions — IBV Gold

Why buy Gold Krugerrands?

Krugerrands are the world's most widely held gold bullion coins. They have been a practical way to own gold since 1967 and are often used as a hedge against economic uncertainty, currency devaluation, and market downturns. They are durable, minted in 22 carat gold, and easy to transport and trade.

Are Gold Krugerrands VAT exempt in South Africa?

Gold Krugerrands are legal tender coins and are zero-rated for VAT in South Africa under the VAT Act Schedule 2.

What sizes do Gold Krugerrands come in?

Gold Krugerrands come in 1oz (33.931g), ½oz (16.965g), ¼oz (8.483g), and 1/10oz (3.393g). All are 22 carat (91.67% fine gold).

How long does gold delivery take?

Delivery generally takes 3 to 5 working days via Fidelity SecureForce insured armoured courier, depending on your region and stock availability.

What payment methods are accepted?

EFT bank transfer (no surcharge) and credit/debit card via PayGate (3.5% service fee).

Does IBV Gold buy back gold?

Yes. IBV Gold offers an instant buyback programme for all major bullion products including Krugerrands, gold bars, silver coins, and platinum.

How is the gold price determined?

Pricing is based on the international gold spot price (USD/troy oz) converted to ZAR using the live exchange rate, plus a product premium. Premiums vary by mint, design, and product.

Is IBV Gold a legitimate company?

Yes. IBV Gold Investor Services (PTY) Ltd is a South African registered company, authorised SA Mint dealer, Rand Refinery distributor, and FICA compliant. Operating since 2005 with 247+ verified reviews (4.9/5).

Can I store my gold with IBV Gold?

Yes. IBV Gold offers allocated vault custody through IBV International Vaults. Stored gold is physically held in your name, insured, and regularly audited.

Why are FICA documents required?

FICA documents are required in line with South African Financial Intelligence Centre Act compliance obligations.

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