How to Buy Platinum Bullion
Like gold and silver, platinum bullion is considered a “hard asset,” something that financial advisors recommend as part of portfolio diversification. In fact, for best results, many financial advisors recommend a weighting of 9.5% of an investment portfolio should be dedicated to “hard assets” including precious metals. Purchasing precious metals such as platinum can help strengthen and balance one’s wealth and assets.
As with all precious metals, platinum is a time-tested hedge against market uncertainty, currency devaluation, inflation and geo-political risk. Platinum bullion bars and coins are easy to buy, sell and store, and are traded worldwide, making them an asset that is not tied to or dependent on one government or country.
In addition to being a precious metal, platinum is also an important industrial metal with the majority of the available supply used for diesel autocatalyst production. As such, the demand or lack of demand for platinum from the automotive industry throughout the world can create large swings in the price of platinum, and with this inherent volatility comes periodic and impressive trading opportunites. Couple this with the fact that platinum is far rarer than gold or silver, and you have a hard asset that can quickly change in price.
Buying Platinum Bullion Bars for Sale
When investing in platinum, the best way to get the lowest cost per troy-ounce of metal is to purchase platinum bullion bars. As with all bullion bars, it is important to buy bars produced by a recognized and well-known refiner to help protect against counterfeiting. Respected refiners will also hallmark their bars to certify and guarantee the weight and purity of the investment.
The standard platinum bar, also referred to as a platinum ingot, is 10 troy ounces of pure .9995 fine metal. Monex offers these standard 10 oz bars for trading, storage, or personal delivery.
Buying Platinum Bullion Coins
In addition to platinum bullion bars, platinum bullion coins are another way for investors to purchase pure platinum. Platinum bullion coins offer the same .9995 platinum metal that is found in ingots, but in a smaller sizes. Platinum bullion coins are easy to hold, divide and trade and the most popular coins are issued by two government mints, the United States Mint and the Royal Canadian Mint. These coins are legal tender, have a face value stamped on the coins, and have their metal purity and content guaranteed by the minting institution. Both Platinum American Eagles and Platinum Canadian Maple Leafs are available in 1-oz., ½-oz, ¼-oz or 1/10-oz sizes, and provide a collectable way to invest in platinum.
Tips for Purchasing Platinum Bullion for Sale
When purchasing platinum bullion, it is important to feel comfortable knowing that you are not only getting a competitive price, but also buying from a well-established and reputable dealer. All legitimate dealers will be able to provide physical delivery of your investment, so be sure to avoid “paper” substitutes, pool investments or other schemes that may carry significant counter-party risks. It is also important to agree on a total delivered price, including commissions, delivery charges and other fees, before sending any money. By buying well-known, branded products from a trusted and reputable dealer, you will help avoid potential problems.
Call a Monex Account Representative at 1-800-444-8317 to discuss how to buy platinum bullion today. All Monex Account Representatives are versed in the many intricacies of platinum bullion investments, and can help match each investor with the platinum investment that best fits their needs.
Monex Account Representatives are normally available between 5:30am and 5:30pm Pacific time, Monday through Friday (except national holidays)... and on many weekends.
Give us a call... give our service a try... and compare our prices. You'll see why Monex has been America's trusted name in precious metals investing for more than 40 years.