Authorised Gold Dealers
Gold Investment recommends that investors give preference to ‘authorised gold dealers’ or ‘qualified gold brokers’ when investing in gold in South Africa. This includes any entity which is legally authorised to buy/sell gold to investors in South Africa, through direct or indirect methods.
For example, ABSA Capital which is an ‘authorised financial service provider,’ can in addition to this, rightly be seen as an entity that’s legally authorised to buy/sell gold in South Africa. ABSA Capital is legally authorised to buy/sell gold in the form of gold bullion debentures. In addition to this, ABSA Stockbrokers is legally authorised to trade in shares, including gold shares, on behalf of clients on the Johannesburg Stock Exchange (JSE).
In other words, it is clear from the above that our definition of ‘authorised gold dealers’ or ‘authorised gold brokers’ go beyond the traditional definitions.
It is of vital importance to give preference to ‘authorised gold dealers’ or ‘qualified gold brokers’ when investing in gold…
There are many opportunists out there that will want to sell you gold, or simply steal your money, through schemes and scams with the promise of gold attached to it. Please don’t fall for it. This doesn’t mean that there are no trustworthy sellers out there, it just mean you need to be very careful when dealing with anyone that’s not an authorised gold dealer or qualified gold broker.