Learn about the ins and outs of having a gold portfolio, including how many coins you can buy, how soon your purchase will be actioned and more!
FAQs - Portfolio queries
Do my Krugerrands form part of my portfolio?
Yes. Once you have bought your Krugerrands, you will be able to see the growth in value of your coins along with any shares you may hold in your portfolio. This can be viewed by clicking on the Shares/Gold tab in Online Banking. You have the option to sell your coins at any time, as well add to your portfolio by purchasing more.
How many Krugerrands can I buy?
You can buy as many as you like and hold them for as long as you like.
Is there a limit to the amount of Krugerrands I can buy and sell in one day?
Yes, currently there is a buy and sell cap that is determined by the bank. You will be notified on your portfolio if this cap is reached.
|This is a cap that can be set which will limit the maximum number of coins that may be bought per day by a single account. This limit can be changed upon the bank's discretion.
|This is a cap that can be set which will limit the maximum number of coins that may be sold per day by a single account. This limit can be changed upon the bank's discretion.
When will my Krugerrand settle in my account?
Orders placed during business hours will settle immediately. Orders placed during non-business hours and on public holidays will settle the next business day at the 08:00 price. FNB will reserve your funds until we are able to settle the order. Should the price have increased by the time the order needed to be settled, and there are insufficient funds in your account to settle, the order will automatically be rejected - thus ensuring that you never become overdrawn.
What return will I get?
Because Krugerrands are made from 22 carat gold, their intrinsic value is dependent on the gold price as well as the rand/dollar exchange rate.
Krugerrands have the ability to breakeven much faster than that of other physical investments (collector's coins, fine art, antique furniture).