Frequently Asked Questions
We only sell registered coins that are internationally recognised; all of them have legal tender status and can be verified by the various denominations they are backed by. The American Silver Buffalo is not a legal tender, but is recognised by its trademarks and is easily confirmed by these markings. (Please read up on the Silver Buffalo on our website).
The bullion bars are stamped and we at NUcapital provide a certificate of authenticity to each client on purchase from us.
Just as you would take out a unit trust or endowment plan, you can use that amount monthly to buy silver/gold from NUcapital. The capital debited will be used to buy a coin or bar and the capital left over will remain on your account and build up toward your next monthly amount that is debited. An on-line e-certificate will be emailed to you to keep you informed of your purchases.
The vault is constructed from a thousand tons of concrete and over a hundred tons of steel. The walls, floor and ceiling are alarmed with a selection of state of the art sensors for movement and event sensitive cameras. The vault atmosphere is regulated at a temperature of 20 degrees Celsius and a relative humidity of 52% in line with required international standards.
The currency you have (silver/gold) is very much a tangible thing. The reality of wealth protection is extended to safe keeping. Keeping your precious metals in a safe place is vital, it must be locked up.
NUcapital offers a safe custody arrangement to clients. Clients can purchase metals in a lump sum or monthly. NUcapital will store the metals at a fee for your convenience and peace of mind.
The most important thing to remember in investing in precious metals is: “if you can’t touch it you don’t own it”. This is the reason why you use a private vault as we do, or you look after it yourself.
In the event of a financial collapse all financial institutions and the likes of, may shut down any withdrawals of any nature. If you feel that you would prefer to keep the precious metals close at hand, invest in a proper safe and ensure that it is suitably secured in a discreet location. Also try not to show everybody your stash as some things people remember and some they don’t.
The silver contained in an ounce bought from NUcapital precious metals is priced on that ounce in fiat currency terms. The London Bullion Market records the price of gold and silver and publishes these prices daily for the public to see. They are normally quoted in Dollar terms.
The prices we see in Dollar terms for silver is far less than what it is sold for because South Africa imports 90% of its silver at this time. This may change in the future but even now at these very low levels, there is a real shortage of silver worldwide. Much of the silver we buy in bar form is reprocessed silver from jewellers.
The following factors influence silver bullion coin pricing in South Africa.
- Mark-up on the spot silver price from the international mint. (To cover manufacture and marketing)
- Shipment to SA
- In transit insurance
- Vat ( 14% on the cost price +10%, as per SARS rules)
- Clearing costs
- Banking costs
- Rand / $ exchange rate
- Silver spot price