Cape Town, July 2024 — Troygold, supported by Precium, is excited to announce the launch of its subscription gold offering in the South African market.
This collaboration marks a significant milestone in democratising access to gold investment opportunities by leveraging Troygold’s expertise in digital bullion and Precium’s cutting-edge payment technology. The subscription gold service allows South African investors to purchase and own fractional amounts of real 1-ounce gold Krugerrands, which are securely stored in Johannesburg vaults.
This initiative is set to revolutionise how retail investors and businesses can invest in gold bullion, providing a convenient, transparent, and cost-effective method compared to traditional avenues. Key features of the subscription gold offering include:
- Fractional ownership: Investors can purchase small increments of physical gold Krugerrands, making gold accessible and affordable to anyone. The minimum investment is only R10.
- Secure storage: Gold is stored in secure vaults with LBMA-approved custodian Brink’s, ensuring the highest standards of security and authenticity.
- Automated contributions: Investors can set up daily, weekly, or monthly contributions to put savings on autopilot.
Precium’s payment platform enhances the subscription process by streamlining transactions and reducing operational costs, offering multiple recurring payment options relevant to South African consumers. These include debit orders and recurring card payments powered by network tokens, which ensures that the card on file does not expire.
Speaking on the launch of the gold subscription offering, Troygold’s Co-founder, Dane Viljoen, said, “Our mission is to make gold accessible and affordable for everyone, and this subscription offering, in partnership with Precium, offers a significant step towards achieving that goal. We look forward to providing all South African investors with a seamless and secure way to invest in gold on a recurring basis, at any currency amount – allowing them to protect their cash savings against inflation and stack up on a stable asset,” he added.
Precium’s Chief Operating Officer, Nicole Dunn, said, “Payment reliability and flexibility are key to supporting subscriptions at scale. We’re excited to support the Troygold team, who share our vision to be a home-grown South African company with global resonance and impact.”
Precium and Troygold’s partnership aims to offer a ground-breaking investment opportunity to South Africans by combining cutting-edge payment technology solutions and bullion expertise to redefine gold ownership and investment accessibility in our country.
The subscription gold offering is now available to investors in South Africa through Troygold’s platform.
