commerce
Is it legal to buy raw gold in South africa?
<p>Is it legal to buy raw gold in South Africa?
I see someone is selling it on Facebook and I want to make a ring for myself.</p>

<p>If you have a license, it is legal. See the <a href="https://www.gov.za/sites/default/files/gcis_document/201409/a37-050.pdf" rel="nofollow noreferrer">Precious Metals Act, 2005</a> in particular §4 which says that</p>
<blockquote>
<p>no person may acquire, possess or
dispose of, either as principal or as agent, any unwrought precious metal, unless (a) he or she is the holder of a
refining licence and acts in accordance with the terms and conditions
of his or her licence; (b) he or she is an authorised dealer; (c) he
or she is a producer who has won or recovered such unwrought precious
metal; (4 he or she has obtained a certificate from the Regulator
authorising him or her to acquire or to dispose of such unwrought
precious metal; (e) such unwrought precious metal does not exceed a
prescribed mass and is acquired in accordance with a special permit
issued by the Regulator for scientific or beneficiation purposes or to
make jewellery; or he or she is the holder of a precious metal
beneficiation licence and acts in accordance with the terms and
conditions of his or her licence</p>
</blockquote>
<p>Subsection (e) still requires a permit or license.</p>
