Where Can I Buy Platinum?
Platinum is a critical metal for the health and wealth of the world. It's one of the rarest metals in the world with unique physical and catalytic properties making it highly valued across a number of diverse demand segments.
Let’s delve a bit into why Platinum should also be a part of your investment portfolio.
Why Should You Buy Platinum?
Platinum is 30x rarer than gold. All the platinum ever produced would only cover your ankles in one Olympic sized swimming pool. All the gold ever produced would fill three Olympic sized swimming pools. Twice as much steel is poured in the United States in only one day than the total world's platinum production in one year.
Four Core Segments Drive Platinum Demand
Platinum is central to reducing vehicle emissions both now and long term. It’s used in spark plugs, catalytic converters, supports diesel fuel efficiency and in hydrogen fuel cells, and electric cars.
Platinum catalysts increase yield in chemical processes and result in higher octane fuel per barrel. It also is used as high-density storage on hard drives and supports cloud storage technology. Platinum also supports electronic equipment, monitors and healthcare devices such as pacemakers.
China is the world’s largest market for platinum jewelry, representing well over half of the annual demand. In the US, platinum is the number one choice for engagement rings
Platinum is growing year over year as an investment vehicle of choice for many investors. It’s represented in bullion coins and bars from the world’s mint, and exchange-traded funds (ETFs) are firmly established on many exchanges.
Best Places To Buy Platinum
A prevalent oversight when buying platinum is that people only look at the price factor. When it comes to platinum, like everything else you buy, deals that might seem too good to be true usually are. If you are buying platinum online, check with reputable vendors who deal in precious metals. And of course please check us out at OneGold.com.
Things To Look For When Buying Platinum
Buying Platinum from reputed websites online can maximize your investment potential and is the safest option. When selecting the right vendor to buy Platinum from, here are a few things that you need to check.
Reviews – the first thing you need to look for are reviews about their services that you can find online. There are several review websites like ShopperApproved & Better Business Bureau that provide a record of reviews. Checking reviews will also give investors insights into how these brands handle complaints from their customers.
Large dealers – the general rule of thumb when purchasing platinum online would be – always choose the bigger platinum dealer. There are many reasons why – they have a great track record over time, more flexible to your demands, and have a larger selection of products. Vendors like OneGold and APMEX have immaculate customer review histories when it comes to precious metals. Smaller vendors tend to have higher fees and longer shipping dates, which doesn't make it a smart buy.
Buyback – is the vendor willing to buy products that it sold to its customers? Generally, if there is no buyback policy in place, investors are advised to pass on them. A guarantee that investors will not be stuck without a buyer when they want to sell Platinum is critical when it comes to making a purchase decision.
Payment – most top precious metal vendors have several methods of making payment. This adds to the convenience factor when shopping for Platinum. Also, remember to check how long the dealer takes to ship your product after the payment is cleared. Anything more than four days is unacceptable, and investors need to look elsewhere.
Online store – while a lot of people prefer brick-and-mortar over online stores, the former just doesn’t offer the same convenience as the latter. People are able to buy platinum from online vendors at any time of the day. Some vendors are even open during holidays, which never happens with a local shop. Finally, online platinum can be a lot cheaper than platinum bought from a brick-and-mortar store.
How To Buy Platinum
Buying platinum has become a relatively straightforward process with several online options available. But we suggest APMEX and of course OneGold.com. Both websites give you a lot of options to choose from, including weight, quantity, and price. The final price of the order depends on the amount you buy, with some websites offering discounts for larger quantities.
Also, you will find that vendors sometimes prefer one mode of payment over the other. For example, they might offer you discounts for wire transfers or credit cards. Most vendors offer free shipping for order values that exceed a specific amount. Few websites even offer free shipping on all their items.
Platinum Bars vs. Coins vs Digital
Platinum in all its forms holds monetary value, but some types are better for investment purposes. If you are purely after platinum for its investment value, then platinum bars are what you should buy. Platinum coins come at a premium due to their workmanship and historical significance.
But at OneGold we think the best investment is in a vaulted form until you are ready to take full physical possession. OneGold offers many ways to purchase platinum, gold or silver. You can dollar cost average into a position via AutoInvest, or you can connect your bank account, and quickly make up to 100k purchases per day.
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 our selection of investment-grade precious 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 paid quarterly are Gold .12%, Silver .30% & Platinum .30%.
A guide to investing in gold.
A guide to investing in silver.