Ready to Buy Platinum?
If you're ready to buy Platinum, you might be wondering the best way to do it and where you can get the best prices.
Direct Access to the Best Platinum Prices
When you work with OneGold, you're able to own platinum no matter where you're located and in any quantity, at the best possible price. Due to our relationships with mints around the world, we are able to give you access to institutional-grade platinum at incredible institutional pricing.
All platinum at OneGold is pooled, allocated platinum. As a result, when you're ready to sell your platinum, you know the weight and purity of your Platinum is trustworthy and guaranteed by OneGold, because it has never left secure storage.
Many people who buy platinum don't think about how important platinum integrity is when they want to sell it. However, this aspect is crucial. Plenty of platinum investors lose money when they discover lower-integrity platinum doesn't get the same spot price when they hand it back over the counter. When you work with OneGold, you'll enjoy low cost, easy transactions, two-way market at all times and low storage fees.
Not only can you start buying your platinum in any increment, but you'll also enjoy low storage charges: OneGold charges just 0.30% for platinum storage. That puts the storage fees charged by OneGold, below those charged by retail banks and less than yearly fees charged by most platinum exchange-traded funds (ETFs).
Save Money With Our Platinum Products
Another way OneGold customers save money is by eliminating the middleman. With OneGold, you don't have to worry about arranging for expensive and insured courier delivery. The platinum that you purchase is already in a vault, which is exactly where you want it. If you decide to sell and take possession, you can easily choose from a wide selection of APMEX products which will be delivered the next day.
Your Safety and Security Assured
At OneGold, your platinum is your property. You simply use OneGold to store your platinum in the United States via a private secure facility. This helps you stay away from the risks of an uncertain financial system. Unlike what may happen with investment products, a company's financial failure won't deny you your platinum. In fact, all product is fully insured, verified and audited.
Online security is very important at OneGold. That's why every account login requires two-factor authentication. To do so, you need to use either the registered mobile phone that was set up during the account creation or a two-factor authentication app.
This combination of value, transparency, accessibility, and safety has made OneGold a top option for providing direct platinum ownership service.
Important Concerns When Buying Platinum
Although many platinum buyers don't realize it, one of the most important aspects for the safe and orderly purchase of platinum is the ability to take delivery yet avoid immediate possession. At the same time, you want to ensure you can take possession later if necessary.
Although many Platinum owners want actual possession of their platinum, they don't consider the disadvantages. Even though you might get plenty of comfort from holding a platinum bar in your hands (and you can quickly get your hands on it with QuickShip redemption), you'll learn that trying to sell platinum that has been in your physical possession is difficult and comes with significant costs.
Keeping platinum in your possession comes with other drawbacks. You don't have complete assurance that the last person who owned the platinum didn't switch it out for a fake product. If you decide to sell the platinum, you may have to do so at a steep discount.
Platinum that's in your physical possession is also harder to insure because insurance fraud with platinum bars is high. Scam artists will often try to ensure platinum bars, falsely declare they were stolen, and then have insurers pay a claim. Unfortunately, this means honest people have a hard time insuring their platinum. However, insurers know OneGold is safe, and fully insured.
If you're purchasing your platinum to keep you and your family safe during a crisis and you take possession of it during that crisis, you'll find it nearly impossible to spend. In fact, even if you tried to pay for something with a platinum coin right now, you'd have a difficult time finding anyone to take it.
For these reasons, you should take actual possession of your platinum only when an extreme emergency makes it necessary.
Delivery at OneGold
Understanding the process behind delivery is an important part of buying platinum. Since your platinum is already in a vault, the moment you make a deal, you get outright ownership of your platinum. Your platinum doesn't appear on the balance sheet of OneGold, and liquidators can't make a claim on your platinum.
With outright ownership, you're completely protected from insolvencies. The law states that liquidators must give property to its rightful owners before distributing assets from the balance sheet to creditors. This gives you protection from a custodian's financial troubles.
With OneGold, you enjoy this protection with your platinum ownership. You're the outright owner of the platinum from the minute you complete your platinum purchase.
Calculation of risk shows that your platinum is safer when it's in an accredited vault than if you store it at home. That's why OneGold includes insurance from the moment you buy your platinum to the second you sell it.
Other Ways of Buying Platinum
It always helps to know all your options when you're looking to buy Platinum. Keep reading to learn about some of the other ways you can buy Platinum.
When you buy Platinum coins, you'll likely want to store them in a safe deposit box. You'll need to get insurance to cover your coins, but that's not always easy. It requires you to declare your Platinum coins, which you might not want to do. If you decide to sell your coins, you could lose up to 8 percent on your sale, depending on whether you're selling an individual coin or in bulk. In a financial meltdown, you might find it difficult to liquidate your coins, especially if your country implements exchange controls.
Although owning Platinum coins has some drawbacks, many people choose to keep a small reserve of Platinum coins. If you do decide to purchase Platinum coins, it's important to understand the difference between bullion coins and numismatic coins. Bullion coins don't have any value as a collectible; they're worth only as much as their Platinum content. On the other hand, collectors look for numismatic coins. Their value is based on factors other than metal content, such as history or rarity.
With Platinum futures, you buy Platinum on credit to get ready for your Platinum investment. This is good for short-term speculators; however, sharp volatility in the market could put you at risk for large losses.
Platinum ETFs (exchange-traded funds) are Platinum assets traded like stocks. If you've already set up a brokerage account, ETFs might be a convenient option. Before you begin, it's worth reading about Platinum ETFs to understand some of the key issues. Check out our resources at the World Platinum Investment Council.
Platinum Mining Stocks
Geology, politics, and cost have plagued Platinum mining stocks in recent years. This is mainly due to concerns about the environmental impact of Platinum mining. Although the rising cost of energy has hurt Platinum mining, people who find the right Platinum stock can make a good amount of money.
The Best Way to Buy Platinum
Now that you understand the different options available when you're ready to buy Platinum, you can see why OneGold is your best choice. When you open a free account with OneGold, you'll enjoy ownership of platinum, silver or gold at great rates and low storage fees. You'll also enjoy peace of mind knowing your platinum is stored in a secure vault and is insured against loss, theft, and damage.
How to Start Platinum Investing with OneGold
With a deep understanding of precious metals unmatched in any competing partnership, APMEX and Sprott came together with a shared vision for the evolution of precious metals ownership. OneGold is the result of the knowledge, experience, and resources of these two globally recognized partners.
- Create a Free Account at OneGold.com
- Choose between the U.S. or Vaultchain precious metals investment metals.
- Low premiums & tight spreads.
- Purchase using Bitcoin, Check, Credit Card or connect your Bank Account.
- No need to wait on funds clearing, you can “Buy Now, Pay Later”.
- Fully allocated and segregated investment grade precious metals.
- Annual storage fees are Silver .30%, Platinum .30%, and Gold .12%