“If you are brave enough to say goodbye, life will reward you with a new hello.”
Emigration is a costly exercise. From initial scouting trips, emigration consultant fees, packing and removal expenses, to pet relocation costs. Plus, many unanticipated and hidden costs associated with the intended move can blindside those planning a move. The extended timeline of the emigration process plays out against a backdrop of credit rating downgrades, inflation, fall in GDP, low-interest rates, and currency instability. For those considering resettling, wealth preservation is the focus.
Gold is an internationally accepted form of hard cash and is recognised worldwide as a means of exchange. In 2000 the gold price was $276 for an ounce. Today it is trading at just over $1,880.*. In 1967, if you bought R10,000 worth of gold today, it would be worth R11m, defining gold as a safe haven asset supporting wealth preservation.
Since 1999, we have brought gold coins and collectables to South Africa. With nearly 50 years of experience, we continue to reshape the industry by listening to our clients and anticipating their needs. Our strong relationships with the world’s most prestigious mints, our commitment to introducing new technologies, and embracing cryptocurrencies mean we are redefining opportunity and ensuring that gold is for everyone.
Cash sitting in the bank has the risk of becoming worthless in terms of buying power. One reason that gold has performed well for South Africans - is because gold is priced in US Dollars. A commitment to incremental investment in gold is a positive habit to create, and it is never too soon to get started. Gold coins and collectables offer a safe store of value, are a physical asset that you can hold it in your hands, are moveable, are a currency hedge, combat inflationary concerns, can’t be hacked or erased and have high liquidity because they can be sold anywhere in the world.
Celebrated Brazilian author Paulo Coelho said, “ If you are brave enough to say goodbye, life will reward you with a new hello.” The decision to start a new life in a new place is not an impulsive one. Preserve your wealth for the other side.
*27th May 2021