Platinum Bars for Sale
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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.
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.
Contact us and discover why Monex has been a trusted name in coin and bullion trading for more than 50 years.
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What is the best platinum bullion price?
Offering a reliable bullion marketplace for over 50 years, Monex companies have been recognized as an industry benchmark for investing in precious metals. Most importantly, Monex offers very attractive round-turn competitive prices quoted live online. To learn more about how to invest in our platinum products and current platinum prices, contact an Account Representative.
Why do some platinum products sell above spot price?
Platinum coins that have genuine collector appeal could sell at prices many times the spot platinum prices. However, it remains to be seen if platinum bullion coins that are sold at levels in excess of their bullion value will maintain that premium over the long haul; and of course, the same conditions would apply to platinum bullion bars. Monex only offers coins and bars that fluctuate in price based almost exclusively on their metal content value and not on their rarity.
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.
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.
What platinum ingot sizes are most popular?
The most popular size of ingot is our 10 oz. platinum bar for its ability to offer lower premiums and great divisibility. This low cost form of physical platinum metal is also a great way for new and veteran investors entering the precious metals market to experience how the metals move with markets.
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.
What are the advantages of storing platinum with a depository through Monex?
Whether you choose to have your metal delivered to your home, or stored in a depository custodian's vault, the option is yours. Monex can arrange for investors to store unlimited amounts of platinum in a secured third party depository like Brinks or any other depositories we work with. In addition to the gained comfort and satisfaction in knowing that your investment is safely guarded according to industry standards, stored metal provides you with the benefit of being able to liquidate your investment quicker. You may direct Monex to ship your fully paid metal investment at any time.
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.
How can I get more Information about investing in platinum bars?
The best places to get information for investing in platinum bullion would be our Platinum Investing page. You will also be able to subscribe to our Precious Metals Review (PMR) and our Precious Metals News section. Both of these subscriptions help to keep you informed on up-to-date information on the precious metals markets.
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.