Frequently Asked Questions
Safe Deposit Boxes FAQ’s
Gold and Silver Buy Backs FAQ’s
Loans against Precious Metals FAQ’s
What are the security options for protecting valuables in my home?
Beyond alarms, beams and armed response, the most reliable way to protect irreplaceable valuables is to remove them from your home altogether — what isn't there can't be stolen or used against you in a home invasion. An off-site safe deposit box at Knox holds your gold, jewellery and documents in a monitored vault, leaving nothing at home worth targeting.
I'm worried about being forced to open my safe during a home invasion — what can I do?
If your valuables aren't in the house, you can't be coerced into handing them over, which removes the danger entirely. Keeping gold, jewellery and cash in an off-site safe deposit box means there's nothing of real value at home to demand. Knox offers off-site custody built for exactly this peace of mind.
There have been break-ins in my area — how do I keep my valuables safe?
The most effective response to rising crime nearby is to move high-value items off your property, since a home safe is the first thing intruders look for. Stored in an off-site vault, a break-in costs you nothing irreplaceable. Knox provides secure off-site custody in Johannesburg.
My insurer wants my jewellery kept in a safe or it won't cover it — what are my options?
If your insurer requires your jewellery to be kept in a safe, an off-site safe deposit box usually satisfies that condition and often attracts better terms than a home safe, because the risk is far lower. You keep the cover and remove the items from your home. Knox provides secure custody insurers recognise, and can confirm storage for your policy.
I'm going overseas for a few months — what do I do with my valuables while I'm away?
Before an extended trip, the safest option is off-site safe custody rather than leaving valuables in an empty home; they stay secured and waiting for you when you return. Knox offers short- and long-term storage for travellers.
We're renovating or moving house — where do I keep valuables in the meantime?
During a move or renovation, when strangers have access and routines are disrupted, an off-site safe deposit box is the safest place for valuables until things settle. Knox offers flexible short-term safe custody for exactly this.
I'm buying a safe for my house — is that actually the safest option?
A home safe helps, but it's also a clear target: intruders know to look for one and can force you to open it during an invasion, so it doesn't remove the underlying risk. Storing valuables off-site in a monitored vault does, because there's nothing at home to find or demand. Knox offers off-site safe custody as a safer alternative or complement to a home safe.
How do wealthy people keep their valuables secure?
High-net-worth individuals typically keep irreplaceable valuables in professional off-site vaults rather than home safes, separating the asset from the home so a burglary or invasion can't reach it. The principle is simple: don't defend the valuables, remove them. Knox offers the same vault-grade safe custody to private clients.
Load-shedding keeps knocking out my home alarm — does that leave my valuables exposed?
Yes — when power cuts disable home alarms and electric fencing, valuables kept at home are more exposed, which is a strong reason to move them off-site. A professional vault runs on backup power and round-the-clock monitoring that doesn't depend on your home's electricity. Knox keeps your valuables secured regardless of load-shedding.
I split my time between two homes — where do I keep valuables so they're secure at both?
Rather than duplicating risk across two properties, the simplest solution is a single off-site safe deposit box that holds your valuables centrally and securely, accessible to you whichever home you're at. Knox offers a central, secure base for valuables for people who move between residences.
I'm going into hospital and will be away from home for a while — who looks after my valuables?
Before a hospital stay, valuables and key documents are safest moved into off-site custody rather than left in an unattended home, so they're protected while you're away and ready when you're back. Knox offers short-term safe custody for exactly these situations.
I regularly have staff, contractors or guests in my home — how do I keep valuables secure?
When people come and go from your home, the cleanest way to remove both the risk and any awkwardness is to keep valuables off-site rather than relying on hiding places or a home safe — nothing of value on the premises means nothing to worry about. Knox provides off-site safe custody so your valuables stay separate from your household traffic.
I'm the executor of an estate — where do I safely keep the assets until it's wound up?
As executor you're responsible for safeguarding estate assets, and an off-site safe deposit box gives you a secure, accountable place to hold valuables until the estate is finalised — protected and out of any one beneficiary's hands. Knox offers safe custody suited to executors and estates.
I'm getting divorced — how do we value and secure joint valuables fairly?
An independent professional valuation gives both parties an objective figure, and neutral off-site custody keeps the items secure and out of either person's sole control while matters are settled. This avoids disputes over worth and possession. Knox offers independent valuations and neutral safe custody for these situations.
My elderly parent is moving into care — what do we do with their valuables and documents?
When a parent moves into care, their valuables and important documents are best moved into secure off-site custody rather than left in an empty or sold home, keeping them protected and accessible to the family or executor. Knox provides safe custody for valuables and documents in these circumstances.
My family wouldn't know where my valuables and documents are if something happened to me — how do I fix that?
The fix is to consolidate your valuables and key documents in one secure, documented place with a clear access and succession arrangement, so your family or executor can find and reach them when needed — a hidden home safe does the opposite. Knox offers safe custody with a defined access process you can share with your family or executor.
I'm holding onto a late family member's belongings I'm not ready to part with — where can I keep them safe?
Valuables you're not ready to make decisions about are best kept in secure off-site custody, giving you time without the risk of keeping them at home; they stay safe and private until you're ready. Knox offers safe custody for as long as you need.
Where can I keep my firearm secure when travelling or not using it?
A licensed firearm can go into compliant off-site safe custody when you travel or want it secured away from home, helping you meet safekeeping obligations and keeping it out of reach of intruders. Knox provides secure firearm storage with a controlled handover process.
I collect watches but only wear a few — where do I keep the rest safely?
Pieces you're not wearing are best kept in a secure, insured vault rather than at home, where a collection is a magnet for theft, while you keep access whenever you want them. Knox offers custody suited to watch and coin collections.
I keep important documents at home and worry about fire — where should they go?
Irreplaceable documents like wills, title deeds and certificates are best kept in a fireproof off-site safe deposit box, protecting them from fire, flooding and loss at home while staying retrievable when you need them. Knox offers secure document storage as part of its safe custody service.
I'm worried about identity theft from documents kept at home — what's safer?
Sensitive documents are safer in an off-site, access-controlled safe deposit box than in a home drawer or safe, where a burglary can expose them and your identity. Off-site custody keeps them out of reach. Knox provides confidential, secure storage for sensitive documents.
Where should I store my crypto hardware wallet and seed phrase backup?
A hardware wallet and a written seed-phrase backup are best kept in a secure, off-site safe deposit box, protecting them from theft, fire and prying eyes at home while keeping your crypto recoverable; splitting backups across secure locations adds resilience. Knox offers safe deposit boxes suited to storing hardware wallets and seed-phrase backups.
I run a cash business — how do I reduce the risk of holding cash and stock overnight?
Holding cash and high-value stock on the premises overnight is a major robbery risk, and moving it into secure off-site custody removes that target outside trading hours, protecting your staff as well as your assets. Knox offers secure custody suited to business cash and stock.
I'm a landlord or I host on Airbnb — where do I keep valuables I don't want guests near?
When guests or tenants have access to your property, the safest place for personal valuables is an off-site safe deposit box, well away from anyone passing through, removing both the temptation and the risk. Knox provides off-site safe custody for valuables you want kept separate from a let property.
I'm a collector — where do I keep the pieces I'm not currently displaying?
Items not on display — coins, watches, rare collectables or documents — are best kept in a secure, insured vault rather than at home, where a collection is a prime target, while you retain access whenever you want them. Knox offers safe custody suited to collections.
Where should I keep my passport and travel documents between trips?
Passports and travel documents are safest in a secure off-site box between trips, protecting them from loss, fire and theft at home and from the identity risk if your house is burgled. Knox offers secure document storage you can access before each trip.
I keep spare keys, hard drives and backups at home — where's a safer place for the originals?
Critical backups, spare keys and drives are safer in an off-site, access-controlled box than at home, where a single burglary or fire can take both your valuables and your means of recovery. An off-site copy keeps your recovery out of harm's way. Knox provides secure storage for backups and other irreplaceable essentials.
What can I store in a safe deposit box?
A safe deposit box can hold almost any small, high-value item — Krugerrands and bullion, jewellery, watches, cash, original documents such as wills and title deeds, hard drives, and family heirlooms. The box is private, and only you or the people you authorise can access its contents. Knox offers a range of box sizes, from a few documents to a substantial collection.
How much does it cost to rent a safe deposit box in Johannesburg?
The cost of a safe deposit box depends mainly on box size and rental term, with larger boxes and shorter terms costing more per month. Most providers charge an annual or monthly rental, and some include cover or offer optional insurance. Contact Knox for current safe deposit box pricing in Johannesburg.
Are the contents of my safe deposit box insured?
Contents are not automatically insured simply by being in a vault, so it matters to confirm cover with your provider. Banks historically did not insure safe deposit box contents and left clients to arrange their own, whereas a specialist vault can offer or arrange insurance as part of the service. Ask Knox about the cover options for your stored items.
How secure is a private vault — what stops a break-in?
A professional vault combines physical and electronic security: reinforced construction, alarm and surveillance systems, access control and round-the-clock monitoring, usually backed by armed response. These layers are designed to defeat both opportunistic and organised attacks in a way a home or office safe cannot. Knox's facility is built and monitored to professional vault standards.
Can someone access my safe deposit box if I die?
Access after death is controlled and typically passes to your authorised representative or the executor of your estate, following the provider's verification process and the relevant estate procedures. This is one reason a structured arrangement is safer than a hidden home safe your family may not be able to open or even find. Knox can explain its access and succession process when you open a box.
How private is safe custody — does anyone know what I keep?
Safe custody is confidential, and a reputable provider does not require you to itemise or disclose the contents of your box. Your privacy is protected by access controls and data-protection obligations, so what you store remains your business. Knox operates under South Africa's data protection framework and treats client information as confidential.
What's the difference between a bank safety deposit box and a private vault?
The main differences are availability, security focus and service: many banks have exited safe custody altogether, while private vaults specialise in it and often offer better access hours, dedicated security and insurance options. A specialist provider's entire business is protecting your valuables, rather than it being a side service. Knox is a dedicated safe custody specialist, not a bank add-on.
Can I access my valuables whenever I want?
You access your safe deposit box during the provider's access hours after passing its security and identity checks, and specialist vaults often offer more flexible access than banks did. Your items stay available to you whenever you need them, usually without lengthy notice. Knox confirms its access hours and procedure when you set up your box.
Is it legal to store gold and Krugerrands in a private vault in South Africa?
Yes, it is legal to store Krugerrands and other privately owned gold in a vault in South Africa, since Krugerrands are recognised legal tender and lawful to own. A safe custody provider simply holds them securely on your behalf. Knox provides legal, secure storage for privately held gold and Krugerrands.
What happens to my valuables if the storage company closes down?
Your stored items remain your property at all times and do not belong to the storage company, so they cannot be treated as the company's assets. A reputable provider has clear procedures for returning clients' property, set out in your contract. Knox can walk you through the protections and contractual terms that safeguard your items.
Do I have to declare or list what I'm storing in my box?
No, you generally do not have to itemise the contents of your safe deposit box, which is part of what makes safe custody private. You retain sole knowledge of what's inside, subject to the law and the provider's terms. Knox keeps the contents of your box confidential.
I need cash urgently but don't want to sell my gold — what are my options?
You can borrow against your gold instead of selling it, raising cash now while keeping ownership and getting the metal back on repayment — ideal when you don't want to sell at the current price. Knox offers short-term loans secured against gold and Krugerrands.
The gold price is low and I need money — should I sell my coins now?
If the price is low, borrowing against your coins usually beats selling: you get the cash without locking in a poor price, and you keep the upside if gold recovers. You reclaim the coins when you repay. Knox can advance funds against your Krugerrands while you hold onto them.
I have valuables but a poor credit record — can I still get a loan?
Yes — a loan secured against gold or jewellery depends on the value of the item, not your credit score, so a poor record is far less of an obstacle. The asset does the work that a credit check would for an unsecured loan. Knox offers asset-backed loans where the metal is the security.
My business is waiting on payment and needs bridging cash — can I use assets I own?
Yes — a business can raise short-term working capital by borrowing against gold or bullion it owns, without selling the asset, to bridge a cash-flow gap while you wait on income. Knox can structure an asset-backed facility for businesses.
My jewellery is just sitting in a drawer — can I make it work for me?
Yes — jewellery sitting unused is idle value, and you can either borrow against it to free up cash while keeping the pieces, or sell it for its gold and market value if you'll never wear it. Either way it stops being dead weight in a drawer. Knox can value your jewellery and either lend against it or buy it.
I've been declined for a bank loan — what are my options if I own gold or jewellery?
If a bank has turned you down, you can still raise cash by borrowing against gold or jewellery you own, because the loan is secured on the asset rather than on a credit approval. Knox offers asset-backed loans where your metal is the security.
I need money fast for an emergency but don't want to lose my heirlooms — can I get them back?
Yes — a loan secured against your heirlooms lets you raise emergency cash and reclaim the exact pieces once you repay, unlike selling them outright; it's the difference between borrowing and losing them. Knox holds your pledged items securely and returns them when the loan is settled.
I'm self-employed with irregular income and banks won't lend to me — can I borrow against what I own?
Yes — asset-backed lending against gold or jewellery doesn't hinge on a regular payslip or income proof the way a bank loan does, because the metal secures the loan, which suits self-employed and commission-based borrowers. Knox can lend against your precious metals regardless of income pattern.
School fees or a tax bill are due and I'm short this month — can I unlock cash from my valuables temporarily?
Yes — you can borrow short-term against gold or jewellery to cover a timing gap like fees or a tax bill, then repay and reclaim your items without selling them. Knox offers short-term loans secured against precious metals for exactly these cash-flow gaps.
I'm waiting on a bonus, commission or tax refund — how do I bridge a few weeks without selling assets?
A short-term loan against gold or coins lets you bridge a few weeks until money you're expecting arrives, then repay and get your assets back, so you don't sell something you'd rather keep. Knox provides short-term, asset-backed bridging against precious metals.
A good business or investment opportunity has come up — how do I raise capital quickly against what I own?
You can raise capital fast by borrowing against gold or bullion you already hold, which is quicker than a credit application and lets you act on a time-sensitive opportunity without selling the asset. Knox can arrange a loan secured against your precious metals.
I have a Krugerrand collection but my cash is tied up in it — can I access money without breaking it up?
Yes — borrowing against your collection lets you access cash while keeping the coins intact and reclaiming them on repayment, rather than selling pieces off. Knox lends against Krugerrand collections and holds them securely until you repay.
The pawn shop offered me very little for my watch — is there a better way to borrow against it?
Yes — a specialist precious-metals lender values your watch or gold properly against the current market and vaults it securely, typically a fairer and more professional route than a high-street pawn shop. Knox offers professional, vault-backed lending against valuables.
I need to bridge between selling one property and buying another — can my gold help?
Yes — borrowing against gold you own can provide short-term bridging finance between a property sale and purchase, freeing up cash without selling the metal. Knox can structure short-term lending secured against your precious metals.
How do loans against Krugerrands work?
You pledge your Krugerrands as security, the lender advances a percentage of their current market value as a loan, and you reclaim the coins once the loan plus agreed costs is repaid. The coins are held securely for the loan term. Knox structures Krugerrand-backed loans and holds the coins in its own vault for the duration.
How much can I borrow against my Krugerrands or gold?
The amount you can borrow is based on the current market value of the metal, with the lender advancing a percentage of that value as the loan. Because the loan is secured by the metal itself, the figure tracks the gold price rather than your income. Contact Knox for the current advance rate on Krugerrand- and gold-backed loans.
What happens to my gold if I can't repay the loan?
If a secured loan isn't repaid, the lender is entitled to recover what's owed from the pledged metal, as set out in your loan agreement. A responsible lender explains these terms clearly upfront so there are no surprises. Knox sets out the full terms, including default, before any loan is agreed.
Is lending against precious metals legal and regulated in South Africa?
Yes, lending against assets such as precious metals is a legitimate activity in South Africa and operates within the country's financial services and credit regulatory framework. Working with an established, compliant provider matters, because it protects both your asset and your rights. Knox operates within South Africa's regulatory framework for this activity.
Is a loan against gold the same as a pawn shop?
While both lend against an item, a specialist precious-metals lender differs from a pawn shop in its professional valuation, secure insured vaulting of your asset, confidentiality and clear contractual terms. The focus is bullion and high-value metal rather than general second-hand goods. Knox offers a professional, vault-backed alternative to pawning your gold.
Can I get my exact Krugerrands back, or do I receive different coins?
With a properly structured secured loan, your specific pledged coins are held and returned to you on repayment rather than swapped for equivalents — but confirm this in writing with any lender. Knowing your own coins are safely held is an important part of the arrangement. Knox holds your pledged coins securely and returns them when the loan is settled.
How quickly can I get cash against my precious metals?
Secured precious-metals loans can usually be arranged quickly, because the key step is valuing and securing the metal rather than a long credit application. Timing depends on valuation and paperwork, which a specialist lender moves through efficiently. Contact Knox to find out how fast a loan can be arranged against your metal.
What documents do I need for a precious-metals loan?
You'll typically need proof of identity, proof of ownership of the metal where applicable, and the items themselves for valuation, plus anything required to meet the lender's compliance obligations. A specialist lender gives you a clear checklist before you come in. Knox will confirm exactly what to bring when you enquire.
Can I borrow against gold or silver bars, not just coins?
Yes, recognised bullion bars in gold or silver can be used as loan security in the same way as coins, valued on their metal content and current market price. The metal is held securely for the loan term and returned on repayment. Knox lends against both bullion bars and coins.
I'm worried about the rand losing value — where's a safe place to put my savings?
Many South Africans hedge a weak rand with physical gold, which is priced in US dollars and tends to rise in rand terms when the currency falls; Krugerrands are a simple, recognised way to do it. Knox can supply Krugerrands and store them securely for you.
The cost of living keeps rising — how do I protect my savings from inflation?
Many people hold a portion of their savings in physical gold as an inflation hedge, because gold has historically held its purchasing power over the long term as cash erodes. Krugerrands are a simple way to do it. Knox can supply and securely store gold as part of your savings.
I don't want to keep all my money in the bank — what are the alternatives?
One common alternative is holding part of your wealth in physical gold, which sits outside the banking system as a tangible asset you own directly. It pairs naturally with secure vault storage. Knox supplies physical gold and offers safe custody so you hold it without keeping it at home.
I'm holding cash at home because I don't trust banks — is there a safer way?
Cash at home is exposed to theft, fire and inflation, so a safer approach is to keep it in secure off-site custody and consider converting part of it into physical gold, which holds value better over time. Knox offers both safe custody for cash and physical gold you can store with us.
I want to give my children something that will hold its value — what should I buy?
Krugerrands are a popular way to pass on value, being physical, recognised worldwide, and inclined to hold their worth over decades as a store of wealth. Knox supplies genuine Krugerrands and can store them until they're needed.
I received a large payout — how do I protect it from theft and from being frittered away?
Converting part of a windfall into a tangible store of value like physical gold both protects it from theft, when held in a vault, and makes it less likely to be spent impulsively than cash in an account — it becomes an asset you have to consciously decide to sell. Knox can help you buy and securely store gold with a lump sum.
I'm retiring and want part of my wealth in something tangible — what are my options?
A common option in retirement is holding part of your wealth in physical gold, a tangible asset that sits outside the banking and equity systems and acts as a long-term store of value, paired naturally with secure storage. Knox supplies physical gold and offers safe custody to hold it for you; for how it fits your overall retirement plan, consider speaking with a financial adviser.
I want to diversify out of the stock market — what physical assets can I hold?
Physical gold, as Krugerrands or bullion, is the most common physical asset investors use to diversify away from shares, because it tends not to move in step with equity markets and holds tangible value. Knox supplies physical gold and stores it securely for you.
I'm scared of being scammed when buying gold — how do I buy safely?
Buy only from an established, reputable precious-metals specialist that sources through recognised channels, prices transparently against the gold spot price, and can verify authenticity — and avoid informal sellers and deals that seem too cheap. Knox supplies genuine, verified gold and Krugerrands with transparent pricing.
I'm emigrating — what do I do with gold and valuables I can't easily take with me?
You can keep gold and valuables in secure off-site custody in South Africa rather than rushing to sell, which buys you time to decide and get advice, since moving precious metals across borders involves customs and exchange-control rules. Knox can store your valuables securely while you weigh your options; take specific advice on the rules before any cross-border movement.
My fixed deposit is maturing and interest rates are dropping — where else can I put the money?
As deposit rates fall, many savers move a portion into physical gold, which acts as a long-term store of value and a hedge rather than relying on shrinking interest. Krugerrands are a simple way in. Knox can supply and store gold for you.
The stock market feels overpriced and I'm nervous about a crash — what's a defensive asset?
Gold is the classic defensive asset investors turn to when shares look stretched, because it often holds or gains value when equity markets fall, helping balance a portfolio. Knox supplies physical gold and Krugerrands and stores them securely.
I want to teach my kids about saving — is buying a gold coin together a good way to start?
Yes — buying a single Krugerrand together is a tangible, lasting way to teach children about saving and how a store of value works, far more real than a number on a screen. Knox supplies genuine Krugerrands ideal for this.
I've got cryptocurrency gains I want to move into something more stable — what are my options?
Many people take crypto gains off the table into physical gold, swapping a volatile digital asset for a tangible one with a long track record as a store of value. Knox can supply physical gold and store it securely once you've realised your gains.
Is now a good time to buy gold?
Rather than trying to time the market, most people treat physical gold as a long-term hold bought steadily over time, since short-term price moves are hard to predict and gold is held for stability rather than quick gains. Knox can supply gold whenever you decide to buy and store it for you; for timing tied to your own finances, a financial adviser can help.
I'm worried about a bank failure or my money being frozen — how do I hold value outside the banking system?
Physical gold is held outside the banking system as an asset you own directly, so it isn't exposed to a bank's solvency or to account freezes the way deposits are; held in a private vault it stays both secure and independent. Knox supplies physical gold and offers safe custody outside the banking system.
I only have a small amount to invest — what's a good first step into gold?
A single Krugerrand, or a smaller fractional coin, is an accessible first step into gold without needing a large sum, and you can add to it over time. Knox supplies Krugerrands in various sizes and can store them as your holding grows.
Is gold a better store of value than property?
Gold and property both store value but differ in key ways: gold is liquid, portable and low-maintenance, while property is illiquid and carries costs but can generate rental income — many investors hold some of each rather than choosing one. Knox can supply and store the physical-gold side of that mix; for the property side, weigh it with a financial adviser.
I was given gold coins as a gift — should I keep them or cash them in?
You can keep gift coins as a store of value, store them securely, or sell them for their current market value — the right choice depends on whether you want the asset or the cash, so have them valued first to decide with the real number in front of you. Knox can value, store or buy gold coins.
How do I get my late mother's jewellery valued?
You can have inherited jewellery professionally valued on both its gold content and market value — essential for insurance, dividing an estate fairly, or deciding whether to keep or sell. Knox offers a valuation service for jewellery and precious metals.
I've inherited jewellery that's no longer in style — what are my options?
Rather than letting dated pieces sit unworn, you can sell them for their gold and market value and free up the money for something you'll actually use; a specialist pays a fair, metal-linked price regardless of style. Knox buys gold jewellery and pays you out, so you can put the proceeds towards new pieces or anything else.
My father left a coin collection — how do I find out what it's worth?
An inherited collection should be professionally valued, because coins like Krugerrands are priced off their gold content and the current market, not face or sentimental value. Knox values and, if you wish, buys gold coins and Krugerrands.
We're dividing an estate between siblings — how do we value the jewellery fairly?
An independent professional valuation gives everyone an objective figure to divide, which heads off disputes over who gets what. Knox provides independent valuations of jewellery and precious metals for estates.
How do I sell inherited gold jewellery without being ripped off?
Sell to a reputable buyer who values the piece transparently against the current gold price, rather than a shop offering a vague lump sum — a clear, spot-linked quote is how you know it's fair. Knox buys gold jewellery at market-linked prices and shows you the valuation.
I inherited gold but don't know if it's real or what it's worth — where do I start?
Start by having the gold professionally authenticated and valued, so you know whether it's genuine and what it's worth at current prices before deciding to keep, store or sell it. Guessing or selling blind is how people lose value. Knox can authenticate and value inherited gold, coins and jewellery.
I found old gold coins and jewellery while clearing out a house — what do I do with them?
Have the items professionally valued first, because old coins and jewellery are usually worth their gold content at today's prices even when they look worn or dated, and you don't want to sell them for a fraction of that. Once valued, you can store, keep or sell them. Knox values, buys and stores gold coins and jewellery.
I have old, broken gold jewellery and odd single earrings — is any of it worth anything?
Yes — broken, mismatched or scrap gold is still worth its gold content at current market prices, often more than people expect, so it's worth having valued rather than leaving in a drawer. Knox values and buys scrap and broken gold.
Is it better to invest in Krugerrands or gold bars?
For most individual investors Krugerrands are the more flexible choice, because they're instantly recognised, easy to resell in small quantities, and trade close to the gold price, whereas bars can suit larger lump-sum buyers seeking lower premiums. The right choice depends on how much you're investing and how you plan to sell later. Knox can advise on both and supply whichever suits your goals.
Where can I buy genuine Krugerrands in South Africa?
Buy Krugerrands from an established dealer or precious-metals specialist that sources through recognised channels, so you can be confident the coins are genuine and fairly priced; avoid informal sellers where authenticity and pricing are uncertain. Knox supplies genuine Krugerrands and can arrange secure storage.
Do I pay VAT when I buy Krugerrands in South Africa?
No, intact Krugerrands are not subject to VAT in South Africa, because they are zero-rated as gold coins that are legal tender. This is one reason they're an efficient way to hold physical gold. Knox can supply Krugerrands and explain the current costs involved.
Do I pay tax when I sell my Krugerrands?
You may have a tax liability when you sell Krugerrands at a profit, but whether it's treated as capital gains tax or as ordinary income depends on factors like how long you held them and your intention in buying them. Coins held long-term as a store of wealth are more likely to attract capital treatment, while frequent trading points to income. This is a personal tax matter, so confirm your position with a tax adviser or SARS.
How liquid are Krugerrands — can I sell them easily?
Krugerrands are highly liquid, because they're recognised worldwide and an established market of dealers stands ready to buy them, so you can usually sell quickly and close to the prevailing gold price. This easy resale is a major reason they're so popular. Knox can assist when you want to buy or sell Krugerrands.
What's the difference between buying physical gold and a gold ETF?
Physical gold like Krugerrands is an asset you own and hold directly, while a gold ETF is a paper investment that tracks the gold price without you taking possession of metal. Physical gold offers direct ownership and privacy but needs secure storage, whereas an ETF is convenient but carries counterparty and platform exposure. Knox specialises in physical gold and its secure storage.
How do I know my Krugerrand is genuine?
A genuine Krugerrand has a precise, consistent weight, diameter and thickness and a distinctive springbok design, and reputable dealers verify authenticity before sale. Buying from an established specialist is the simplest way to be sure. Knox supplies verified, genuine Krugerrands.
How do I sell my Krugerrands for the best price?
To get the best price, sell to a reputable dealer who quotes transparently against the current gold spot price with a fair margin, and avoid informal buyers offering vague valuations. Comparing a clear, spot-linked quote is the simplest way to know you're being treated fairly. Knox can value and buy your Krugerrands at market-linked prices.
