How to Buy Platinum
Platinum bullion ingots and coins are considered “hard assets,” or investment products often recommended as an integral part of portfolio diversification. In fact, many financial advisors suggest that 5% to 9.5% of an investment portfolio or even more should be dedicated to hard assets. As a valued precious metal, buying platinum can help strengthen and balance a portfolio. Monex account representatives are eager to discuss the potential benefits of platinum bullion and how to purchase platinum today.
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Buying Platinum Bullion Bars & Coins
In addition to being a valuable portfolio asset, platinum is also an important industrial metal, primarily within the automotive industry. As such, changes in demand for platinum from manufacturers throughout the world can create large price swings, and with this inherent volatility comes periodic and impressive trading opportunities.
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. The standard platinum bar, also referred to as a platinum ingot, is 10 troy ounces of pure .9995 fine metal. Monex offers standard ten-ounce bars for trading, storage, or personal delivery.
Bullion coins are another option for investors to buy platinum. Coins offer the same .9995 pure metal that is found in platinum ingots, but in smaller sizes. Platinum bullion coins are easy to hold, divide and trade and the most popular coins are issued and guaranteed by the United States Mint or the Royal Canadian Mint. These coins are legal tender and imprinted with their face value, metal purity and content.
Where to Buy Platinum
When buying platinum bullion in any form, investors should be sure that they are 100% comfortable with the transaction, not only from a price perspective, but also with the terms of the sale and their chosen dealer. Established dealers offer platinum bars that are produced by recognized manufacturers and refiners. Investors should expect to pay an assay fee when selling or buying platinum bullion through a dealer to ensure the purity and authenticity of the asset. These assay checks determine the legitimacy of the metal, assuring the safety of both parties. With billions of dollars in transaction volume, a sizable buy-and-sell market, high quality platinum bullion products and consistently competitive prices, Monex remains a preferred source for buying platinum.
Call a Monex account representative at 800-444-8317 to discuss how to buy platinum today. Our Account Representatives are well-versed in the available forms of platinum bullion, and are eager to help investors start the process of buying physical platinum.
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.
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.