Brief Overview
Xodus is a non-profit co-operative
Xodus Gold Co-operative provides small and big investors the opportunity to procure physical gold in the form of Krugerrands at a minimal cost and in an uncomplicated manner. It was established in 2003 and is the first instrument of its kind in South Africa.
The co-operative's main function is to administer the gold holdings in the form of a gold pool at a low cost. All growth (less expenses) is passed on to its members. A member's share is expressed in units in the gold pool at a daily variable unit price determined by the prices of the Krugerrands.
As a member you can take possession of your gold or make use of the co-operative's safekeeping facilities. Xodus Gold Co-operative applies your funds (any amount) as follows: Deduct R1 membership fee, administrative fee of 1.25% as well as commission* as negotiated with your broker. The balance is your member's share with which we procure a maximum amount of 1 Oz coins, thereafter maximum amount of 1/10 Oz coins. The residual fraction of cash is accounted for in your units. (*Note: RBK Asset Management is administering the Co-operative and website and may charge a minimal commission to investors registering on this website.)
Krugerrands are bought from Rand Refinery at wholesale prices which means that you will not get a better price elsewhere! No VAT applies to Krugerrands in RSA.
To find all the questions and answers (in English and Afrikaans) simply click here.
Foreign (non-RSA residents) membership
Approval from SARB
Regulations in RSA restrict the freely exportation of Krugerrands to foreign countries without SARB(South African Reserve Bank) approval. Foreigners may invest via Xodus (keeping it in safe custody) and sell their Krugerrands later on, but may have difficulty in taking delivery without approval. XODUS Gold has received approval from the SARB to export 500 Krugerrands per annum. For more info contact us.
Online pages
Existing members and new applications
Existing members can Register online to have access to their portfolios and personal details.
New members can apply online by selecting Applications above. Alternatively complete an application form and fax it to us at +27 86 680 5803.
Once logged in, a member can activate an investment, either by own EFT (Large amounts) or Debit Order instruction for smaller once-off and regular investments.
What's NEW?
Monthly debit orders and ad-hoc investments
Xodus Gold has introduced a debit order facility. AD-HOC and REGULAR investments can be handled by the debit order facility and can be activated on the secure pages once logged in. NOTE : Investments in excess of R10,000.00 should preferably done via direct EFT due to partial initial release of 90% by NETCASH debit orders
Brokerages
Want to become a broker?
Financial advisers will experience Xodus Gold as the ultimate solution to easily, quickly and safely invest investors' funds in Krugerrands. You may charge a commission of up to 5%.
To apply, please contact us or download the application form.
PLEASE TAKE NOTE THAT THIS SITE IS UNDER CONSTRUCTION AND CERTAIN ONLINE FUNCTIONS WILL NOT BE AVAILABLE YET.