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How New Tariffs Are Impacting Gold Prices – What It Means for South Africa
Global economic policies have far-reaching effects, and the latest round of U.S. imposed tariffs is no exception. At the beginning of February 2025, the United States introduced sweeping tariffs on imports from key trading partners, triggering volatility in financial markets and a surge in gold prices. For South Africa—one of the world’s leading gold producers—these changes present both opportunities and risks. In this article, we break down the new tariffs, explain their impact on gold prices, and explore what this means for South Africa’s gold market. What Are the Newly Imposed Tariffs? The U.S. has implemented sweeping tariffs on imports, citing economic reasons such as financing tax cuts and exerting pressure on key trading partners. The new tariffs include: 25%
The Importance of Safe Custody in Unpredictable Times
The devastating wildfires that ravaged Los Angeles have shown us how quickly disaster can strike, often without warning. With entire neighbourhoods being wiped out and residents forced to evacuate at a moment’s notice, the emotional toll of losing precious possessions—things that cannot be replaced—was felt by so many. While we extend our deepest sympathies to those affected, we also know how important it is to prepare for the unexpected and ensure that irreplaceable items are secured. The Unimaginable Loss of the Irreplaceable For many residents of Los Angeles, the fires brought the harsh reality that once the flames started, there was little time to save personal belongings. Stories from the disaster showed us the heartache of losing not just homes,
Invisible Protection, Unbreakable Security: How Constant Updates Keep You Safe
When it comes to security, visibility isn’t everything. In fact, the best security is often the kind you never notice. At Knox Safe Custody, we believe that security should be both discreet and powerful working around the clock to protect your assets without ever getting in the way of your operations. The Power of Unseen Security Just because you can’t see something happening, doesn’t mean it isn’t. This is especially true when it comes to security updates. While the average person might assume that security is a “set it and forget it” system, the reality is far different. Threats are constantly evolving, and your protection needs to evolve with them. At Knox’s Safe Deposit Box Facility, we take pride in
What Happens to My Safety Deposit Box When I Pass Away?
Safeguarding Your Valuables At Knox Safety Deposit Box Facility, we understand that your safety deposit box holds precious items—whether they’re valuable heirlooms, important documents, or sentimental treasures. In the event of yours or any other authorised individuals on the boxes passing, we want to ensure that the belongings are handled with care and sensitivity. Here’s what you need to know about the process: Legal RequirementsThe Administration of Estates Act governs the handling of safety deposit boxes in South Africa when a customer passes away. To protect your valuables, we adhere to the following guidelines: Secure Holding: We securely hold your safety deposit box until an executor is appointed. During this time, no one including the 1st authorised will be granted
The Importance of Comparing Safe Deposit Storage Facilities Beyond Cost
Safe deposit storage facilities play an important role in protecting our most valuable assets. When selecting a safe deposit box provider, many customers prioritize cost as the most important factor. However, a thorough assessment of various variables is required to ensure the security and dependability of the chosen facility. Cost is undeniably an important factor to consider when choosing a safe deposit box provider. However, it is only one of several variables that customers must consider. Understanding the differences between safe deposit storage facilities extends beyond monetary considerations. Factors to consider include the vault’s physical location, construction, insurance coverage, industry longevity, and additional services offered. When comparing safe deposit storage facilities, one of the most important considerations is the vault’s
Basel III’s Classification of Gold as a Class 1 Asset and its Long-term Impact on Gold Demand
The recent decision made by Basel III to categorize gold as a Class 1 asset has prompted discussions and arguments among members of the financial community. This momentous action acknowledges gold as a valuable and easily convertible asset, comparable to cash and government bonds, according to globally accepted banking norms. This blog article will explore the long-term consequences of this verdict on the demand for gold. The position of gold has been reinforced by its classification as a Class 1 asset, which further confirms its role as a safe-haven asset and a reliable store of value. Financial institutions now have increased autonomy in including gold as a component of their reserves to fulfill regulatory obligations. The improved situation could result