Knowledge Centre
Bullion Funder and Knox Nuggets
Learn how incremental gold accumulation and physical conversion work.
Questions in this topic
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What is the Knox Bullion Funder account?
The Bullion Funder account is a Knox account through which customers buy Knox Nuggets in smaller amounts while working towards a bullion product of their choice from Knox's range, such as…
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What are Knox Nuggets?
Each Knox Nugget is a unit sold through the Knox Bullion Funder account that counts towards a bullion product of your choice from Knox's range, such as a 1 oz gold Krugerrand, so that it…
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How many Knox Nuggets equal one Krugerrand?
100 Knox Nuggets make up the full price of one 1 oz gold Krugerrand, or of whichever bullion product you choose from Knox's range, because each nugget is 1% of the product's price. The…
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How is the price of a Knox Nugget calculated?
Under the Bullion Funder terms, each Knox Nugget is priced at 1% of the current bullion price shown on Knox's website. That price moves with the gold price and the rand, changes daily and…
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Do I own physical gold when I buy Knox Nuggets?
No, not while you are still funding the coin. Under the Bullion Funder terms, each nugget is a part payment towards the purchase of a specific coin, and ownership passes to you only once…
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Where is the underlying gold stored?
Under the Bullion Funder terms, no gold is held against your account while you are still funding a coin: each nugget is a part payment, not a holding of metal. Once the full price has been…
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Can I cash out my Knox Nuggets?
Yes. Under the Bullion Funder terms you may cash out your account, meaning you receive rand rather than a coin, at the cash-out price shown on Knox's website, which the terms state as the…
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When can I convert Knox Nuggets into a physical Krugerrand?
Once your account reaches the full purchase price of your chosen bullion, which is 100 Knox Nuggets. Under the Bullion Funder terms the coin may only be checked out at that point; Knox…
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What fees apply to Knox Nuggets or Bullion Funder?
The Bullion Funder terms set three charges: a 2% administration fee on any amount cashed out, a 2% cash-handling fee if you pay in cash, and storage at 1% of the coin's value per month if…
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How is Knox Nuggets different from a gold ETF or ordinary savings account?
These are three different kinds of product. A gold ETF is a listed security that tracks the gold price and is usually held through a broker or investment platform. A savings account is a…
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This Knowledge Centre gives general information, not financial, tax, legal or insurance advice. Prices, limits, terms and availability are confirmed by Knox before you proceed, and the agreement you sign takes precedence. Where a current figure has not yet been confirmed on this site, we ask you to contact Knox instead of relying on an estimate.
