What is Bullion?
Bullion is the general name for pure gold or silver (at least 99.5%) which have been transformed into bars or minted into coins for investment purposes.
Why do you offer Gold Bullion instead of Cash?
Due to legislative conditions and requirements in Australian States where yourtown applies for gaming permits, there are strict rules in relation to offering cash as prizes, therefore Gold Bullion is substituted as a prize.
Gold Bullion Prizes and Contact Information
Our current suppliers of Gold Bullion prizes are"
As Good As Gold Australia
If a supporter wins Gold Bullion as part of their prize, they have the option to store the gold at no cost for the first 12 months, or sell part of or all of the gold back at any time for cash.
Gold is valued at the purchase price on the day of the draw. Selling costs of between 2 and 2.5% apply and are incurred by the winner at the time of sale. The value of the Gold Bullion could be affected by the fluctuating spot price on the day of sale. The true value of the gold if sold may not be worth the full prize value as purchased on the day of the draw.