Below is an Overview of the XODUS Co-operative in a Question & Answer format

Hieronder is 'n Oorsig van die XODUS Koöperasie in 'n Vraag & Antwoord formaat

CLICK ON RELEVANT QUESTIONS BELOW FOR ANSWERS

KLIK OP VRAE HIERONDER VIR ANTWOORDE

   

1) WHAT IS XODUS GOLD CO-OPERATIVE?

2) WHY IS SUCH AN INSTRUMENT NECESSARY?

3) WHICH INVESTORS WILL BE INTERESTED IN XODUS GOLD?

4) WHY A CO-OPERATIVE?

5) WHO MAY BECOME MEMBERS OF THE CO-OPERATIVE?

6) HOW ARE MEMBERS’ FUNDS EMPLOYED?

7) IS GOLD BEING BOUGHT SPECIFICALLY FOR A MEMBER?

8) WHAT ARE THE INVESTMENT REQUIREMENTS?

9) WHICH METHODS OF PAYMENT ARE ACCEPTABLE?

10) IS THE POINT IN TIME WHEN THE INVESTMENT IS MADE, IMPORTANT? 

11) DO YOU, AS A MEMBER, SHARE IN THE DISCOUNTS?

12) WHICH COSTS ARE TO BE PAID?

13) IN WHICH FORM IS GOLD BEING HELD?

14) WHERE ARE KRUGER RANDS BEING PURCHASED?

15) WHAT IS THE QUALITY OF THE KRUGER RANDS?

16) HOW SAFE IS THE GOLD STOCK BEING STORED?

17) WHICH OPTIONS IS AVAILABLE TO ME SHOULD I WISH  TO WITHDRAW MY MEMBER'S INTEREST?

18) HOW DO I TAKE DELIVERY OF MY GOLD?

19) WHAT ABOUT TAX IMPLICATIONS?

20) MAY I ADD MY OWN KRUGER RANDS?

21) HOW WILL I BE KEPT INFORMED ON MY MEMBER'S INTEREST?

22) WHAT WILL MY INVOLVEMENT AS A MEMBER ENTAIL?

23) CAN INTERNATIONAL (OUTSIDE RSA) INVESTORS BECOME MEMBERS?

 

1) WAT IS XODUS GOUD KOÖPERASIE?

2) WAAROM IS SO N INSTRUMENT NODIG?

3) WATTER BELEGGERS SAL IN XODUS GOUD BELANGSTEL?

4) WAAROM N KOÖPERASIE?

5) WIE KAN LEDE VAN DIE KOÖPERASIE WORD?

6) HOE WORD LEDE SE FONDSE AANGEWEND?

7) WORD GOUD SPESIFIEK PER LID AANGEKOOP?

8) WAT IS DIE BELEGGINGSVEREISTES?

9) WATTER BETALINGSMETODES IS AANVAARBAAR?

10) IS DIT BELANGRIK OP WATTER TYDSTIP DAAR BELÊ WORD?

11) DEEL U AS LID IN DIE KORTINGS?

12) WAT BELOOP KOSTES?

13) IS KOMMISSIE BETAALBAAR?

14) IN WATTER VORM WORD GOUD GEHOU?

15) WAAR WORD KRUGERRANDE AANGEKOOP?

16) WAT IS DIE KWALITEIT VAN DIE KRUGERRANDE?

17) HOE VEILIG WORD DIE GOUDVOORRAAD BEWAAR?

18) WAT IS MY OPSIES BY ONTTREKKING?

19) HOE ONTVANG EK MY GOUD?

20) WAT VAN BELASTINGIMPLIKASIES?

21) KAN EK MY EIE KRUGGERRANDE BYVOEG?

22) HOE BLY EK OP HOOGTE VAN MY LIDBELANG?

23) WAT IS MY BETROKKENHEID AS LID?

24) KAN INTERNASIONALE (BUITE RSA) BELEGGERS OOK LEDE WORD?

 

 

1) What is Xodus Gold Co-operative?

Xodus Gold Co-operative was established to offer an investor the opportunity to own physical gold without difficulty. Although many countries offer equivalent instruments to investors, Xodus Gold is the first instrument of its kind in South Africa.

2) Why is such an instrument necessary?

Although many South Africans acknowledge the need to buy physical gold, they experience stumbling blocks that prevent them from actually making a move in that direction, e.g.:

Lack of knowledge concerning the way in which, and where to buy gold.

Effort and costs involved in buying gold.

The dilemma of safekeeping and insuring gold stock.

Smaller investors have no negotiating powers needed in the purchasing process.

Xodus Gold deals with all these facets.

3) Which investors will be interested in Xodus Gold?

Small, as well as prime investors who:

·        - wish to apply diversification of their portfolios – in all circumstances an investor should invest 10% to 15% of his/her portfolio in physical gold

·        - are concerned about a global economic collapse that may affect all financial institutions, including banks.  In such a case tangibles, especially gold, will provide valuable hedging and could effectively be used as a medium of exchange

·        - expect positive growth in the price of gold.

Potential members must keep in mind that speculating in gold is not the objective of Xodus Gold, but rather to employ members’ funds to the maximum in order to acquire physical gold at the best prices. (BACK)

4) Why a co-operative?

A co-operative accommodates the following needs or requirements, which had been identified as being essential from an investor’s point of view:

- Liquidity: Calling in of gold should be effected without delay. A member’s gold is available within 24 hours after the required documents have been submitted.

- Protection: A co-operative protects its members against the majority interests. Every member has one share at R1 each, irrespective of the size of his gold investment. Consequently, every member has one vote.

- Right of ownership: Right of ownership of the member’s gold in the gold pool vests in the member’s name. Thus, creditors of the co-operative are currently not entitled to lay claim to any gold that is being held on behalf of the members. A further advantage is that no capital gains – or loss – realise when a member calls in his gold, because there had been no change of ownership.

- Management: The board of directors consists of selected members of the co-operative, who are investors themselves.

- Membership: This is not restricted to natural persons. (BACK)

5) Who may become members of the co-operative?
Any natural person, closed corporation, company, trust or accepted legal entity may become a member.

6) How are members’ funds employed?
You must in the first instance become a member of the co-operation by purchasing one share of R1. The membership fee of R1 is refundable at the resignation of a member and bears no interest. A 100% of the balance of your funds, after commission and administrative costs have been deducted, is being employed to establish your member’s share within the total of the members’ interest, in terms of units at the current unit price.

The members’ interest comprises of physical gold, which was bought and held within a gold pool, as well as fractions of cash that were left over after the purchasing of the gold. The number of units held by you is fixed and the value of the units will vary as and when the price per unit varies, which in turn is determined by the price of the gold stock. The funds of members are being pooled to effect bulk purchases in view of negotiating an optimal discount.

The units and working of the unit prices result in the changing value of the coins, not the number you purchased. (BACK)

7) Is gold being bought specifically for a member?
Yes. The composition of coins bought for any member is not suppose to change, unless costs are deducted from the gold pool.

8) What are the investment requirements?
Minimum single amount investment (initial or additional amounts) of R10 000 (amount may be amended from time to time).  Monthly debit order of at least R500.00.  Our debit order facility allows you to make a bigger initial investment (up to R100,000) with smaller regular payments thereafter.

No maximum, but where amounts exceed R5 000 000, Xodus must be informed beforehand in order to verify the availability of gold stock.

9)Which methods of payment are acceptable?
- Electronic transfer (preferred).

- Bank cheque or bank guaranteed cheques.

- Cash deposit, but the cost of all levy fees on cash will be recovered from the member’s investment and could even be as high as 1%.

- Debit order : for once-off amounts < R100,000.00 and/or regular smaller amounts.

 (BACK)

10) Is the point in time when the investment is made, important?
This may well be. It is your decision when to purchase gold. Xodus will not necessarily conduct its gold purchases daily, but will attempt to accumulate all new incoming funds for a maximum period of 5 working days in order to accomplish bulk purchases, thus ensuring optimal discount. Members shall earn no interest on any cash.

If the member’s investment is a substantial amount and the potential member is concerned about losing a few days’ interest, Xodus should be contacted beforehand and in good time to ascertain when the following date of purchase will be. The potential member must also take into consideration any possible waiting period, if applicable, to ensure that deposits are available in the bank account of Xodus. (BACK)

11) Do you, as a member, share in the discounts?
The co-operative was established exclusively with the aim to buy gold on behalf of members, to secure and safeguard it, to administer and manage it. It is not geared towards gain. Discounts on bulk purchases may run to 2% and is not used no purchase gold, but is diverted to an account dealing with subsidising costs. The member therefore does not benefit directly through the direct purchasing of gold, but indirectly in that costs are financed in this manner.

12) Which costs are to be paid?
Initially:

Administration costs: 1.25% of the amount being invested.

Commission (if any) : Negotiable, with a maximum of 2%.

Annually: ±0.8% which is deducted from the member's share for administration and insurance.

 The co-operative is responsible for the following costs:

Expenses:
- Starting costs, yearly auditing costs, remuneration of board of directors, ad hoc running expenses. These costs are managed strictly and are kept as low as possible. For example, currently the directors are receiving remuneration only for petrol expenditure as they are managing the co-operation as members on behalf of other members.

- A fixed contracted fee of 0.054% (exc. VAT) per month to RBK Asset Management for the management and administration of members' interests.

- Safekeeping, insurance, controls and transport of gold stock.
 

Income for the co-op:

- The initial administration fee of 1.25% (exc. VAT) on all new investments

- The discounts on bulk purchases which are being kept for running expenses

- Fraction cash (±0.5%) of new investments that are being kept separate

- Any interest earned on cash

If the income mentioned above are depleted at any time, the co-operation will supplement it from the gold pool or directly from members who prefer paying additionally. (BACK)

13) In which form is gold being held?
Only Kruger Rands are purchased in order to comply with South African legislation which makes possession of physical gold in any other form except jewellery and collection coins illegal.

Kruger Rands are known internationally and are an accepted international currency.

The gold stock will mainly consist of 1 oz and 1/10 oz coins to ensure that members - who wish to withdraw their member’s interest - receive the maximum in the form of gold coins which are equal in value to their member’s interest, thus making sure that as little fractions of cash as possible are left.

14) Where are Kruger Rands being purchased?
Although Xodus will not be limited to one specific source, purchases of Kruger Rands will be effected at Rand Refinery. Rand Refinery is one of the most renowned refineries in South Africa and acts as an exclusive agent for the SARB to prepare, amongst other activities, gold for Kruger Rands, which are then minted at the SA Mint and distributed. For more information concerning the Rand Refinery, feel free to visit them at their website at www.randrefinery.co.za
(BACK)

15) What is the quality of the Kruger Rands?
Unless gold becomes scarce, purchases will mainly be restricted to new Kruger Rands. However, if quality is guaranteed in terms of an agreement between Rand Refineries and Xodus, secondary coins, if available, will also be purchased. Rand Refinery does not trade in coins, but produces new ones for distribution. Occasionally secondary coins are available when supplied directly by the SARB.

Most of these coins have probably never been handled before. The value of a Kruger Rand does not depend upon its exterior appearance, but on its weight. The coins are also being protected by a 2-carat copper content, which improves the durability of the coins.

16) How safe is the gold stock being stored?
The directors and members have built in every security measure and control in order to safeguard the stock. Some of these include:
- Monthly auditing by external auditors

- Six-monthly auditing by another external auditor

- Stock keeping on three separate systems

- Secure measures with regards to safe visits when making deposits and withdrawals

-  Insurance on theft and fire.

If you decide to become a member, more information will be provided. (BACK)

17) Which options are available to me should I wish to withdraw my member’s interest?

A member is free to decide at any stage to partly or completely withdraw or sell his member’s interest and to end his membership. However, costs may be recovered if expenses incurred have not yet been settled by using funds from the pool. The reason for this decision is to rule out any cross subsidizing among members.

The following options are available:

1. Withdrawing physical gold

Withdrawing stock implies that the member exercises the choice to withdraw some, or all of his gold, and decides to keep it in his own custody. In such instances the member’s interest is determined by basing it on the number of units allocated to the member multiplied by the unit price on the day of withdrawal. A member may also stipulate a specific amount or the number of units he wishes to be withdrawn.
The member’s interest is presented to the member in Krugerrands, based on the value of the coins in Rands on that specific day. Should a member decide to withdraw his full member’s interest and prefer to end his membership as well, the R1 membership fee is also refunded to him. Left over fractions cash, of which the total is less than the value of a 1/10-oz, are deposited electronically into the member’s account. The member does not have the option to withdraw his member’s interest in cash. However, should the member prefer cash, the following options should be considered.


2. Selling of physical gold

Xodus can sell your coins if a buyer (another member) is available or if sufficient cash is available. Alternatively, a member may, after having instructed Xodus to withdraw his member’s interest, partially or totally, appoint an authorised broker to sell his gold. Such appointment must be submitted to Xodus in writing, and must contain the required ID particulars. Xodus or RBK Asset Management may be contacted for further information concerning a suitable broker. The member must personally negotiate the price and costs with the broker involved. Xodus will inform the member of the market prices.

3. Selling the member’s interest

A member may sell his member’s interest, valued at the number of units and the price per unit, to a third party. The third party must be a member of the co-operative. However, if the third party is not a member, the membership of R1 may be transferred to him. Xodus will inform the member of the value of the member’s interest. The member (seller) will personally be responsible for recovering the amount owed to him by the buyer. After having received the instruction issued by the member, Xodus will transfer the member’s interest to the new member on instruction. (BACK)

18) How do I take delivery of my gold?
For the sake of the members’ own protection and safety, strict control measures will be enforced when members give notice of their intention to take delivery of their gold. When you become a member more information will be available on taking delivery of gold. No charges will apply on delivery if the member collects it in Gauteng. Courier services can be arranged at the cost of the member.

19) What about the tax implications?
Income Tax:

None is payable as no interest is earned - both with regards to members’ interests and membership fees.

Capital Gains Tax:

No capital gains or loss realises when a member withdraws his member’s interest and takes delivery of his physical gold. However, if a member should sell his gold afterwards, capital gains or loss may result, in which case the member is liable to declare such gains or losses to the Receiver. If a member should sell his member’s interest to a third party, capital gains or loss must be declared to the Receiver. (BACK)

20) May I add my own Kruger Rands?
In answer to enquiries received from potential members on whether they would be allowed to place already owned Kruger Rands in the care and safekeeping of Xodus, provision has been made that this may indeed be done. Xodus must be informed of the exact number of coins and the necessary arrangements must be made to hand them in. A member’s interest will be enlarged by the added value of the Kruger Rands, based on the current procurement price at the Rand Refinery on the day on which the coins are handed in. Only 1 oz and 1/10 oz coins will be accepted.

21) How will I be kept informed of my member’s interest?

Xodus will supply annual statements to members, which, apart from personal details will also supply the following information:

- Member’s investments received.

- Units allocated.

- Value of member’s interest reflected in Rands.

- Number of Kruger Rands representing the member’s interest at market prices on the date on which the statement has been issued.

Members may request updated statements at any time.

22) What will my involvement as a member entail?

An annual meeting will be held for members within 120 days after the closing of the financial year (28 February), during which members will be afforded the opportunity to participate in important decisions regarding Xodus' state of affairs. Members will decide, amongst other issues, who are to be appointed as auditors, who are to serve on the board of directors and the remuneration they are to receive, as well as the implementation of important strategic decisions concerning Xodus.  (BACK)
 

23) Can international (outside RSA) investors become members?

Yes, they can. Special clearance will however be required from the SARB for the export thereof.   Members' shares will however be expressed in ZAR.

 

 

 

 

 

 

 

 

 

 

 

 

 

1) Wat is Xodus Goud Koöperasie?

Xodus Goud Koöperasie is gestig om beleggers die geleentheid te bied om met gemak fisiese goud te besit. Alhoewel baie lande so 'n instrument aan beleggers bied, is Xodus Goud die eerste instrument van sy soort in Suid-Afrika.

2) Waarom is so 'n instrument nodig?

Alhoewel daar 'n behoefte by baie Suid-Afrikaners bestaan om fisiese goud aan te koop, is daar struikelblokke wat hulle verhinder om tot so 'n stap oor te gaan, naamlik:

- Gebrek aan kennis oor hoe en waar goud aangekoop kan word.

- Moeite en koste om goud aan te koop.

- Die dilemma van veilige bewaring en versekering van goudvoorraad.

- Kleiner beleggers het geen bedingingsmag by aankope nie.

Xodus Goud Koöperasie spreek al hierdie fasette aan.

3) Watter beleggers sal in Xodus Goud belangstel?

Klein, sowel as groot beleggers wie:

- diversifikasie van portefeuljes wil toepas. Onder alle omstandighede behoort 'n belegger 10% tot 15% van sy/haar portefeulje in fisiese goud te belê;

- bekommerd is oor 'n globale finansiële ineenstorting wat alle finansiële instellings, onder andere banke, gaan affekteer. In so 'n geval gaan tasbare bates, veral goud, 'n doeltreffende verskansing bied en as ruilmiddel goed te pas kom; en

- 'n stewige groei in die goudprys verwag.
Lede moet in gedagte hou dat Xodus Goud nie ten doel het om met goud te spekuleer nie, maar lidfondse maksimaal te benut om fisiese goud teen die beste prys moontlik te bekom en te hou.
(TERUG)

4) Waarom 'n Koöperasie?
'n Koöperasie akkommodeer die volgende behoeftes of vereistes wat uit 'n beleggersoogpunt as noodsaaklik geïdentifiseer is:

- Likiditeit: Binne 24 uur nadat alle nodige dokumentasie ontvang is, is 'n lid se goud beskikbaar.

- Beskerming: 'n Koöperasie beskerm sy lede teen meerderheidsbelang. Elke lid beskik oor een aandeel teen R1 elk, ongeag die grootte van sy lidbelegging. Elke lid beskik oor een stem.

- Eiendomsreg: Eiendomsreg van die lid se goud in die goudpoel bly gesetel in die lid se naam. Krediteure van die koöperasie, indien enige, het dus geen eis teen enige goud wat namens lede gehou word nie. Die verdere voordeel is dat geen kapitaalwins of verlies vir belastingdoeleindes realiseer wanneer 'n lid sy goud opvra nie, aangesien eienaarskap nie verander nie.

- Bestuur: Die direksie word deur en uit die lede van die koöperasie, wat self beleggers is, gekies.
- Lidmaatskap is nie beperk tot natuurlike persone nie
(TERUG)

5) Wie kan lede van die Koöperasie word?

Enige natuurlike persoon, beslote koöperasie, maatskappy, trust of aanvaarde regsentiteit.

6) Hoe word lede se fondse aangewend?

U moet eerstens 'n lid van die koöperasie word deur 1 aandeel van R1.00 op te neem. Die lidmaatskapgelde van R1 is terugbetaalbaar by bedanking en dra geen rente nie. Die balans van u fondse, nadat die kommissie en administrasie-
koste verhaal is, word 100% aangewend om u lidbelang binne die totale ledebelang te bepaal, uitgedruk as eenhede teen die heersende eenheidsprys.

Die lidbelang bestaan uit die fisiese goud wat binne 'n goudpoel aangekoop word, sowel as fraksies kontant wat oorbly nadat goud aangekoop is. U getal eenhede is vasgepen en die waarde daarvan sal varieer namate die eenheidsprys wissel, wat weer deur die prys van die goudvoorraad bepaal word. Lidfondse word gepoel om grootmaataankope te bewerkstellig ten einde optimale korting te beding.

Die eenhede en eenheidsprys werking het tot gevolg dat die munte wat vir u aangekoop word, in aantal konstant bly, slegs die waarde verander. (TERUG)

7) Word goud spesifiek per lid aangekoop?

Ja. Die samestelling van munte wat vir die lid in die goudpoel aangekoop word, behoort nie te verander nie, tensy kostes verhaal word van die goudpoel.

8) Wat is die beleggingsvereistes?

Minimum enkelbedragbelegging (aanvanklik of byvoegings): R10 000. (Bedrag mag by tye wysig.) Maandelikse debietorder van minimum R500.00.  Ons debietorder fasiliteit stel u in staat om eenmalig 'n groter bedrag (tot R100,000) te maak met gereelde kleiner bedrae daarna.

Geen maksimum nie, maar waar bedrae meer as R5 000 000 beloop, moet Xodus vooraf in kennis gestel word om beskikbaarheid van goudvoorraad te verifieer.

9) Watter betalingsmetodes is aanvaarbaar?

- Elektroniese oordrag (verkieslik).

- ’n Bank of bankgewaarborgde tjek.

- Kontantdeposito maar die grootte van alle kontantheffingsfooie sal van die lidbelegging verhaal word en kan so hoog soos 1% wees. 

- Debietorder : eenmalige bedrae (<R100,000) en/of gereelde bedrae.

 (TERUG)

10) Is dit belangrik op watter tydstip daar bele word?

Dit mag wees. Dit is u besluit op watter tydstip u in goud wil belê. Xodus gaan nie noodwendig daagliks goud aankoop nie, maar gaan poog om nuwe fondse wat invloei oor 'n maksimum tydperk van 5 werksdae te akkumuleer ten einde grootmaataankope te bewerkstellig wat optimale korting tot gevolg sal hê. Geen rente sal lede toeval nie.

Indien die lidbelegging substansieel van aard is en die lid ongerus voel omdat 'n paar dae se rente verlore kan gaan, is dit wenslik om vooraf met Xodus te skakel om die volgende datum van aankope vas te stel. Die lid moet ook enige wag- periode, indien van toepassing, in ag neem sodat deposito's betyds in Xodus se bankrekening beskikbaar kan wees.

11) Deel U as lid in die kortings?

Die koöperasie is uitsluitlik gestig met die doel om goud namens lede aan te koop, te beveilig, te bewaar, te administreer en te bestuur. Dit is nie op winsbejag ingestel nie. Kortings op grootmaataankope wat tot 2% kan beloop, word nie aangewend om goud aan te koop nie, maar word na 'n afwagrekening geallokeer om kostes te subsidieer. Die lid ontvang dus nie direk voordeel deurdat ekstra goud aangekoop word nie, maar wel indirek deurdat kostes daaruit finansier word. (Sien volgende paragraaf) (TERUG)

12) Wat beloop kostes?

Aanvanklik :

Adminstrasiekostes : 1.25% van die bedrag wat belê word.

Kommissie (indien enige): Onderhandelbaar, met ‘n maksimum van 2%.

Jaarliks : Ongeveer 0.8% wat van u lidbelang verhaal word vir administrasie en versekering.


Die koöperasie is verantwoordelik vir die vereffening van die volgende koste. 

Uitgawes :

- Aanvangskostes, stigtingskoste, jaarlikse ouditfooie, direksievergoeding en ad-hoc bedryfsuitgawes. Hierdie uitgawes word streng bestuur en so laag as moontlik gehou. Direkteure ontvang byvoorbeeld tans slegs vergoeding vir brandstofuitgawes aangesien hulle die koöperasie as lede namens die ander lede bestuur.

- 'n Vaste uitgekontrakteerde fooi van 0.054% (BTW uitg) per maand aan RBK Batebestuur vir die bestuur en administrasie van ledebelange.

- Veilige bewaring, kontroles en vervoer van goudvoorraad.


Inkomste vir die kooperasie:
- 'n Aanvanklike administrasiefooi van 1.25% (BTW ing) op alle nuwe beleggings.

- Die kortings op grootmaat goudaankope wat in 'n afwagrekening gehou word.

- Fraksie kontant (±0.5%) van nuwe beleggings wat eenkant gehou word.

- Enige renteverdienste op kontant.

Indien die inkomste of voorsiening hierbo uitgeput raak, sal die koöperasie dit uit die goudpoel aanvul of direk van lede verhaal wat sou verkies om dit addisioneel te betaal. (TERUG)


13) Is kommissie betaalbaar?

Aanvanklike adviseurskommissie is onderhandelbaar en moet vooraf met ‘n goedgekeurde Xodus adviseur ooreengekom word. 'n Maksimum van 2% (ing. BTW) van die bedrag wat vir die ledebelang aangewend word, mag deur die adviseur gehef

14) In watter vorm word goud gehou?

Slegs Krugerrande word aangekoop weens wetgewing wat Suid-Afrikaners verbied om fisiese goud in 'n ander vorm te besit, uitgesluit juweliersware en versamelmunte.

Krugerrande is internasionaal bekend en kan internasionaal as betaalmiddel aangebied word.

Goudvoorraad sal hoofsaaklik uit 1 oz en 1/10 oz munte saamgestel wees om te verseker dat lede wat hul lede-
belange onttrek, hul belang maksimaal in goudmunte ontvang, sodat daar so min as moontlik fraksies kontant oorbly.

15) Waar word Krugerrande aangekoop?

Alhoewel Xodus nie tot een spesifieke bron beperk sal wees nie, sal aankope van Krugerrande by Rand Refinery gedoen word. Rand Refinery is een van die bekendste rafinaderye in Suid-Afrika en tree uitsluitlik as agent vir die SARB op om, onder andere, goud vir Krugerrande voor te berei, by die SA Munt te laat slaan en dan te versprei.

Vir meer inligting betreffende Rand Refinery, besoek gerus hulle webtuiste by www.randrefinery.co.za  (TERUG)

16) Wat is die kwaliteit van die Krugerrande?

Tensy goud skaars word, sal aankope hoofsaaklik tot nuwe Krugerrande beperk word. Waar die kwaliteit kragtens 'n ooreenkoms tussen Rand Refinery en Xodus gewaarborg word, sal sekondêre munte, indien beskikbaar, aangekoop word. Rand Refinery dryf nie handel in munte nie, maar slaan nuwes om versprei te word. Sekondêre munte is by tye beskikbaar wanneer dit direk deur SARB beskikbaar gestel word. Die meeste hiervan is waarskynlik nog nooit gehanteer nie. 'n Krugerrand se waarde is nie van sy voorkoms afhanklik nie, maar wel van sy gewig. Die munt word deur 'n 2-karaat koperinhoud beskerm, wat die duursaamheid daarvan verhoog.

17) Hoe veilig word die goudvoorraad bewaar?

Die direksie en lede het alle moontlike veiligheidsmaatreëls en kontroles ingebou om die voorraad te beskerm. Van die kontroles sluit in:

- Maandelikse oudit deur eksterne ouditeure.

- Ses maandelikse oudit deur ‘n ander eksterne ouditeursfirma

- Vooraadhouding op 3 afsonderlike stelsels

- Streng regulasies ten opsigte van kluisbesoek by deponering en onttrekking van goud.

- Versekering teen inbraak en vuur.

Indien u as lid aansluit, kan meer besonderhede aan u verskaf word. (TERUG)

18) Wat is my opsies by onttrekking?

'n Lid kan op enige stadium besluit om sy lidbelang gedeeltelik of ten volle te onttrek of te verkoop en om sy lidmaatskap te beëindig. 'n Fooi mag gehef word indien kostes aangegaan is wat nog nie uit die poel verhaal is nie, met die doel om enige kruissubsidie tussen lede uit te skakel.

Die volgende opsies is beskikbaar:

1) Onttrek fisiese goud

Onttrek impliseer kortliks dat die lid die keuse uitoefen om gedeeltelik of al sy goud te onttrek en in eie bewaring te hou. In so 'n geval word die lidbelang bepaal deur dit te baseer op die aantal eenhede wat aan die lid toegeken is en dit te vermenigvuldig met die eenheidsprys op die dag van onttrekking. 'n Lid kan ook 'n bepaalde bedrag, of die aantal eenhede wat onttrek moet word, spesifiseer.

Die belang word in Krugerrande, gebaseer op die randwaarde van die munte op daardie spesifieke dag, aan die lid beskikbaar gestel. Indien die lid sy volle belang onttrek en verkies om sy lidmaatskap te beëindig, word die R1 lidmaatskapfooi ook uitbetaal. Indien fraksies kontant kleiner as die waarde van 'n 1/10 oz munt oorbly, word dit elektronies in die lid se bankrekening oorgedra. Die lid het nie die keuse om sy belang in kontant te onttrek nie. Indien die lid kontant verkies, moet die opsies hieronder oorweeg word.

2) Verkoop van fisiese goud na onttrekking

Xodus kan u munte namens u verkoop indien 'n koper (ander lid) beskikbaar is. Alternatiewelik kan 'n Lid, wanneer 'n instruksie aan Xodus gegee word vir gedeeltelike of volle onttrekking, 'n goedgekeurde makelaar aanstel om sy goud te verkoop. Sodanige aanstelling moet skriftelik, met die nodige ID vereistes, aan Xodus voorsien word. Xodus of RBK Batesbestuur kan gekontak word vir meer inligting rakende 'n geskikte makelaar. Die lid moet self met sy makelaar onderhandel oor die prys en kostes. Xodus sal die lid van markpryse voorsien.

3) Verkoop van belang

'n Lid kan sy lidbelang, gewaardeer teen die aantal eenhede en die eenheidsprys, aan 'n derde party verkoop. Die derde party moet 'n lid van die koöperasie wees. Die lidmaatskap van R1 kan, indien die derde party nog nie 'n lid is nie, oorgedra word aan die derde party. Xodus sal die waarde van die lidbelang aan die lid verskaf. Die lid (verkoper) is self daarvoor verantwoordelik om die verkoopbedrag van die koper te verhaal. Xodus sal op instruksie van die lid die belange aan die nuwe lid oordra. (TERUG)

19) Hoe ontvang ek my goud?

Ter wille van die beskerming van lede self, word streng kontrolemaatreëls by die opvraging van goud toegepas. Sodra u as lid aansluit, sal besonderhede aan u gegee word. Lewering van goud hou geen koste implikasies in vir lede wat dit in Gauteng afhaal nie. Koerierdienste is beskikbaar op die koste van die lid.

20) Wat van belastingimplikasies?

Inkomstebelasting

Geen word voorsien nie, aangesien daar geensins renteverdienste ter sprake is nie - op beide ledebelange sowel as lidmaatskapfooie.

Kapitaalwinsbelasting

Geen kapitaalwins of verlies realiseer wanneer 'n lid sy belang onttrek nie en besit neem van sy fisiese goud. Indien die lid daarna sy goud verkoop, kan 'n kapitaalwins of -verlies ontstaan, in welke geval die lid dit aan die Ontvanger moet verklaar. Indien 'n lid sy belang aan 'n derde party verkoop, moet kapitaalwins of verlies aan die Ontvanger verklaar word.

21) Kan ek my eie Krugerrande byvoeg?

Weens navrae van voorgenome lede, naamlik of hulle Krugerrande, wat reeds in hul eie besit is, onder Xodus se bewaring kan plaas, is daar voorsiening gemaak dat dit wel kan geskied. Xodus moet in kennis gestel word van die presiese aantal munte en reëlings moet getref word vir die ingee daarvan. 'n Lid se belang sal vergroot word volgens die waarde van die Krugerrande, gebaseer op die gewone aankoopprys by Rand Refinery soos op die dag waarop dit ingegee is. Slegs 1 oz en 1/10 oz munte sal aanvaar word.

22) Hoe bly ek op hoogte van my lidbelang?

Xodus sal jaarliks state aan lede voorsien, wat, behalwe vir persoonlike inligting, die volgende bevat:

- Lidbeleggings ontvang.

- Eenhede toegeken.

- Waarde van lidbelang in rand.

- Aantal Krugerrande wat lidbelang verteenwoordig teen markpryse op die staatdatum.

Lede kan op enige stadium state aanvra.

 (TERUG)

23) Wat is my betrokkenheid as lid?

'n Jaarlikse ledevergadering sal binne 120 dae na boekjaareinde (28 Februarie) gehou word, waartydens lede aan belangrike besluite sal deelneem en insae sal hê in Xodus se stand van sake. Lede besluit onder andere wie as ouditeure sal dien, wie op die direksie sal dien en watter vergoeding hulle ontvang, asook of belangrike strategiese besluite betreffende Xodus geïmplementeer moet word. Die statute van Xodus is op aanvraag ter insae beskikbaar.

(TERUG)

24) Kan internasionale (buite RSA) beleggers ook lede word?

 Ja, hulle kan. Spesiale klaring sal egter by die SARB verkry moet word by uitvoer daarvan. Ledebelange word egter in ZAR uitgedruk.

(TERUG)

 

 

 

 

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