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INVESTGOLD'S Co-Ownership Plan offers an accessible solution for those who have the desire to own gold coins but who either lack the financial means to do so and / or really would like to diversify in such a way to own a vast variety of gold coins. It offers multiple parties a realistic and affordable way to expand their portfolios by pooling their resources and sharing the cost of an otherwise unaffordable asset, while still enjoying the benefits of the growing coin industry.Co-Ownership is a legal concept where two or more co-owners share the legal ownership of a gold coin. It is a straightforward concept which lets you buy portions of gold coins which is yours for a lifetime. |
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ADVANTAGES OF CO-OWNERSHIP |
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Complete diversification in gold coins. |
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• You can now own portions in a vast variety of gold coins by spending only a limited amount of money on each coin.
• For example R30 000 will allow you to purchase only one (1) or two (2) good gold coins, but with INVESTGOLD's Co-Ownership Plan you will be able to purchase portions in up to 30 different gold coins with the same amount of money.
• The risk of owning only one (1) gold coin and having the chance that the demand in such a coin can fall due to popularity of other coins or a sudden oversupply on the market of such coins is being eliminated completely as there would always be a good buyback on at least some of the portions of one's diversified portfolio when owning a vast variety of different gold coins.
• Should you require capital you have the option of choosing to sell the good performing portions first and do not need to sell one's only expensive coin that might not be doing so well at that moment.
Security • Gold coins are stored in safe custody with INVESTGOLD.
Ownership • In most cases one would be able to obtain 100% ownership in a gold coin over a period of time and do not have to spend a large amount of money all at once which can jeopardise one's cash flow situation. |
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Frequently ask questions |
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1. How many portions may I purchase in a coin? |
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• The total amount of one hundred (100) - each portion is equal to 1% of the value of a gold coin. |
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• INVESTGOLD allocates coins from time to time for the Co-Ownership Plan to make portions available to interested buyers - such portions are sold on a first-come-first-serve basis. |
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2. Can I get involved in any coin dealer's Co-Ownership Plan? |
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• To our knowledge, INVESTGOLD is the only coin dealer in South Africa allowing clients to purchase small portions in coins through a legal concept called Co-Ownership. |
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• Clients are advised to deal only with reputable SAAND members who has permanent membership with the organization as they are known to trade in coins reputably and honestly. |
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3. Will I ever own a coin (100% ownership)? |
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• One can start by purchasing a few portions in a coin and can purchase more portions in similar coins in the future when the portions become available through INVESTGOLD. |
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• Once the 100% portions on one type of coin has been obtained the coin will be made available to the client for full ownership |
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• It is INVESTGOLD's objective to assist clients on purchasing the full 100% portion in a coin to enable them to take full ownership of the coin. |
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4. How do I purchase a portion? |
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• You enter into an agreement with INVESTGOLD called the INVESTGOLD Co-Ownership Plan and this agreement will result in an account being opened in your name. |
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• Every time you wish to purchase a portion, your broker will forward a quotation to you and the needed payment must be made after which an invoice will be forwarded to you confirming your purchase and ownership. |
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5. How do I sell one or more of my portions? |
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• You contact your INVESTGOLD broker and inform him/her of your intension to sell a portion. Your broker will negotiate a price with you and on acceptance a purchase order will be generated. Once all conditions have been met in terms of the signed Co-ownership Plan agreement the agreed funds will be paid over to you. |
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6. How is the selling price of a portion determined? |
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• A portion is directly linked to the value of such percentage of the selling price of the coin. |
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• The same principle as above is applicable to the buying price of a portion. |
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7. Can I utilise my Golden Mile Plan (GMP) funds to purchase a portion? |
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• Yes, GMP funds may be used to purchase a portion. |
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8. Can I only sell my portion to INVESTGOLD or may I sell to anyone? |
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• INVESTGOLD has the first option to purchase a portion from you and should both parties be unable to agree on the buying price, you may sell your portion to anyone else. (Refer to the Co-Ownership Plan agreement). |
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