At last South Africans can purchase gold bars, Krugerrand’s and silver bars and coins in London. It is also cheaper because no VAT is charged overseas on gold bars and the premium over spot is smaller. It is well known that trying to take Krugerrand’s out of South Africa is a huge problem. Every South African citizen is limited to about one 1 oz Krugerrand per person per year. Precious Metal Bars have negotiated with a large Bullion company in London to allow South Africans to buy in London and keep it in safe custody or be delivered to a destination outside of South Africa.
South African citizens are by law allowed to take R1,000,000.00 overseas for investment without a tax clearance certificate and R10,000,000.00 with a tax clearance certificate.
Minimum London investment is R200,000.00
Payment can be made via bank transfer or a credit card.