10 oz Platinum Bullion Bars
Note: Brands available for purchase may vary.
What to Know Before Ordering
10 oz Platinum Bars at a Glance:
- 10 Troy ounce of .9995 pure platinum
- Hallmarked with weight and purity certification
- Manufactured by a world-leading refinery
- Eligible for Precious Metals IRAs
- Sold individually
Monex proudly offers 10 ounce bars of pure .9995 fine platinum for sale through our knowledgeable Account Representatives. For more information about how to buy platinum bullion bars, call us today.
Monex account representatives are available between 5:30 a.m. and 4:30 p.m. Pacific time each Monday through Friday (except national holidays) and on many weekends.
10 oz Platinum Bullion Bars Design and Specifications
Platinum is a widely-used although extremely rare metal, critically important to the auto industry, the jewelry trade, and the chemical, electrical and glass manufacturing industries. It is estimated that all of the platinum ever mined throughout history would fit into a cube less than 25 feet on each side. Simply put, platinum's supply and demand fundamentals are tight. According to some estimates, if platinum mining were to cease today, there would be only about a year's supply available to industry.
Platinum's relative scarcity in the face of ever-increasing demand gives platinum bullion bars incredible investment potential. Its historical price performance makes platinum a provocative and attractive investment vehicle.
Available for personal delivery or storage through the convenient Monex Atlas program, each 10 oz platinum bar is manufactured by one of the world's leading refiners, consists of 10 troy ounces of .9995 fine platinum and is hallmarked to certify weight and purity.
People Also Ask
Why should I invest in platinum bars?
Investors and experts have often recommended that 10% to 20% of an investor’s assets should be invested in precious metals but the reasons for investing don’t stop there. Throughout history, precious metals, including platinum, have been used to hedge against a declining U.S. dollar. In times of uncertainty, an investment in platinum bullion could also offer outstanding price appreciation and profit.
How much platinum is needed to diversify a portfolio?
For those that appreciate how platinum could work to improve investment reward vs volatility/risk in a portfolio, it is recommended that a minimum of 10% of an investment portfolio should be in precious metals, such as platinum. However, investors often purchase more when economic or geopolitical uncertainty in the markets and around the world rises. Your preferred mix of assets will always be dictated by your personal views and preferences.
Where can I see live Monex prices for platinum?
The best place to find live prices for platinum is on the Monex Live Prices page and through the Monex Bullion Investor smartphone app available for both Apple and Android smartphones. Along with platinum you will also have access to live prices for gold, silver, and palladium.
Visit our Live Prices page for up to the minute precious metals pricing or visit our platinum price charts page to view historical platinum pricing data.
What is the difference between platinum bars and platinum coins?
Platinum coins are more aesthetically pleasing, containing amazing designs such as those found on the Platinum American Eagle coins. Though platinum bullion does not contain such striking imagery, solid platinum ingots, like 10 oz. Palladium Bullion bars, are extremely beautiful to hold and an incredible precious metal to own. Ten ounces of platinum bullion and 10 one ounce coins have the same intrinsic value, but investment grade platinum coins trade at a premium while having the advantages of their smaller format and improved authenticity features.
Are platinum purchases reportable for tax purposes?
Your purchases of platinum do not require reporting to the IRS. Reportable platinum products include your sale of 25 ounces or more of platinum bullion. Feel free to discuss any questions you may have regarding reportability of precious metals with your Account Representative.
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