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Investing in Platinum

Unlike gold and silver which have been used as money for thousands of years, platinum was not used as a monetary metal until the early 19th century. Interestingly, it was earlier widely thought of as a nuisance which interfered with gold mining operations, such as by the Spanish Conquistadors during the 17th century in South America.
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Platinum Coins

Today, platinum is a widely used but extremely rare industrial metal. It is used in a wide range of applications including the automotive, jewelry, dental, medical, chemical, electrical and glass manufacturing industries. Though in similar abundance to gold in the earth’s crust, platinum is far rarer than gold above ground, but unlike gold, its annual supply is consumed by its application demand. As a result, it is claimed that all the platinum ever mined in history would fit into a cube less than 25 feet on each side.

Today, the majority of platinum is mined in just two parts of the world. South Africa produces a little over two-thirds of the world's annual supply, and Russia produces about the same as all the other regions combined. As a result, and recalling the limited amount of above-ground stockpiles, the annual supply of platinum critically needed by industry is dependent on these countries producing regular quantities of the metal with little or no interruption.

With potentially decreasing supplies coming to market, the investment potential for platinum is favorable. In past years, changes in the supply/demand dynamics of platinum have resulted in dramatic changes in the price of platinum, and the potential for more price swings in the future could be attractive to traders seeking to take advantage of the platinum market's volatility and opportunity.

Platinum bullion coins are a popular and convenient way to make an investment in platinum. The coins are easy to buy, easy to hold and store, easy to divide, widely recognized and thus, easy to sell and trade. Monex offers platinum coins produced by the U.S. Mint and the Royal Canadian Mint. United States one-ounce Platinum American Eagles are .9995 fine and have a $100 face value. They feature a stylized image of Lady Liberty, and an image of a bald eagle soaring over a setting sun with the coin's weight and purity on the reverse. Platinum American Eagle coins are guaranteed by the U.S. Mint for exact weight and purity. The one-ounce Platinum Canadian Maple Leaf is .9995 fine and carries a $50 Canadian face value. The coin features an image of Queen Elizabeth II on the obverse, and Canada's national symbol, the maple leaf, on the reverse.

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Platinum Maple Leaf Coin Reverse
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Platinum Bullion

Platinum bullion coins are a popular and convenient way to make an investment in platinum. The coins are easy to buy, easy to hold and store, easy to divide, widely recognized and thus, easy to sell and trade. Monex offers platinum coins produced by the U.S. Mint and the Royal Canadian Mint. United States one-ounce Platinum American Eagles are .9995 fine and have a $100 face value. They feature a stylized image of Lady Liberty, and an image of a bald eagle soaring over a setting sun with the coin's weight and purity on the reverse. Platinum American Eagle coins are guaranteed by the U.S. Mint for exact weight and purity. The one-ounce Platinum Canadian Maple Leaf is .9995 fine and carries a $50 Canadian face value. The coin features an image of Queen Elizabeth II on the obverse, and Canada's national symbol, the maple leaf, on the reverse.

Monex Account Representatives are normally available between 5:30am and 4:30pm Pacific time each 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 coin and bullion trading...for more than 50 years.

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Platinum Investing FAQ's
What are the Top-Ten Platinum Facts?

Monex Top-Ten Platinum Facts are:

  1. Platinum works better than palladium for diesel vehicle pollution control.
  2. Recent advances in Selective Catalytic Reduction reduces platinum/palladium use in vehicles.
  3. Jewelry market share for platinum is improving noticeably in Asia and with younger generations.
  4. During the recent bullish metals cycle, platinum outpaced gold, reaching over $2,200 per ounce.
  5. A one-ounce pure platinum coin is smaller in size than a one-ounce pure gold coin.
  6. South Africa mine production fell during most of the past decade, and is projected to decline further.
  7. Although not as malleable as gold, platinum is more ductile and can be better stretched into wire.
  8. Replacement supply versus fabrication demand has been generally seeing a surplus.
  9. About 70% of the world's mining supply comes from economically unstable South Africa.
  10. Compounds containing platinum are used in cancer treatment, referred to as “Platinum Chemo.”
Will Monex report my Platinum Purchase to the Government?

Monex is not required to report customer platinum purchases to the IRS. However, the IRS does require Monex to report platinum sales by customers to Monex if the sale is platinum bullion bars of 50 total ounces or more.

Why do some Platinum Coins sell for well above a 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 far in excess of their bullion value will maintain that premium over the long haul. Monex only offers coins that fluctuate in price based almost exclusively on their metal content value and not on their rarity.

Where is the best Place to sell-back my Platinum?

Since 1967, Monex companies have made it a priority to buy back coins and bars that customers have purchased from Monex at attractive then-current Monex bid prices. Its multi-billion dollar, two-way buy and sell market is a hallmark and tradition at Monex, and is your assurance of liquidity for your platinum bullion or coin investment. Please contact a Monex Account Representative for additional details on how you could sell platinum to Monex.

What Platinum Products does Monex offer to Investors?

Monex offers the most popular ways to own platinum including pure platinum bullion bars and government-minted bullion coins. Pure 10-ounce .9995 fine platinum bullion bars are ten ounce ingots, which are stamped with the refiner’s hallmark, exact weight and fineness, and serial number. Monex also offers legal tender, pure platinum bullion coins, including one-ounce Platinum American Eagles produced by the U.S. Mint and Platinum Canadian Maple Leaf coins produced by the Royal Canadian Mint.

What is the process of investing in Platinum with Monex?

Once you have decided on the type and quantity of platinum to purchase, your Monex Account Representative will assist you in executing your order over the phone, and your purchase and price will be confirmed on a tape recorded line after your acknowledgment. A written confirmation will be sent to you with the details of your order. Payment may be made after you order, but must be initiated on the day of purchase, which means you must mail or wire funds on the day of your purchase. You can have your metal shipped to your home, made available for pick-up at one of our affiliated secure locations located across the U.S. and Canada, or have your metal delivered to a bank/depository for storage.

What is the Minimum Amount of Platinum I can buy from Monex?

The minimum purchase amount for platinum bullion bars at Monex is 10 troy ounces. For one-ounce legal tender platinum bullion coins, such as the Platinum American Eagle and Platinum Canadian Maple Leaf, the minimum purchase is one unit, containing 10 one-ounce pure platinum coins.

What forms of Payment does Monex accept?

Monex accepts the following payment forms: Wires, cashiers' checks, personal checks, and bank checks. For bank wires from domestic banks, the funds are good (reliable) upon receipt. For bank wires of U.S. funds from foreign banks, the funds are good upon bank verification. Cashier’s checks and personal checks are also accepted, however, a hold-funds period of from five to ten days and bank verification are required. Cash, credit cards, convenience checks, payment in foreign currency, ACH forms of payment, or checks drawn on foreign banks are not acceptable.

Should I invest in Platinum Bars or Platinum Coins?

When taking personal home delivery of precious metals, especially with platinum, most would agree that coins are simply a better choice. On the other hand, if you choose to use bank/depositor delivery, bullion is likely your best choice.

Is Physical Platinum taxed?

In regards to sales tax on platinum purchases, Monex only collects sales tax on purchases for home delivery which are under $1,500 for California residents and under $1,000 for New York residents. As a general rule for investment gains, profits are only taxable when you sell platinum, no matter how long you own it. However, you should rely on your tax advisor for such advice.

Is my Platinum Investment insured?

All shipments of platinum products to you are insured against loss or damage in transit. If you decide to have your platinum delivered to and stored by a bank/depository, the metal is fully insured in transit and also while in storage.

How long does it take to receive my Platinum?

Almost every investment in physical metal is unique. For this reason, calculating shipping timing for a unique platinum product is not a universal answer. Delivery of your metal is dependent on a large variety of factors including the quantity of metals, when your purchase is made, and more. On average, physical metal will leave the shipping facility two to five days following confirmed reliable good funds. Of course, with any metal you order for delivery, you will receive a tracking number of your order so you can keep track of your metal and you’ll also be able to see whether the shipper has an estimated delivery date or not. During times when the shipping volume is extremely high, you will be notified if any delays are expected. Call a Monex account representative to learn more about estimated shipping times for your unique investment.

How does the Platinum sell-back process work?

Selling your platinum bullion or coin investment back to Monex is a relatively easy process. When you are ready to sell your platinum, just contact your Monex Account Representative for shipping instructions. Shipments must then be sent by USPS registered and insured mail with a return receipt. Customers are responsible for fully insuring their shipments, until received by Monex. Once the shipment is received and verified you will be notified and able to sell your platinum. Proceeds of your sale will be sent to you in the form of a check or bank wire, or if you prefer, credited to your account. If your platinum is in storage through Monex Credit Company at one of the banks/depositories, you can sell your metal over the phone at any time without delay. The transfer of title to the platinum from you to Monex will follow your sale, and the bank/depository will notify you by mail that the transfer of title has occurred. There are no delivery charges when your platinum stored through a Monex Atlas Account is delivered to or from a bank/depository storage facility.

How do I know the Platinum Products I get from Monex are Authentic?

Monex guarantees the authenticity and fineness of all of its bullion bars and coins. All platinum bullion bars are imprinted with the refiner’s name, exact weight and fineness. All platinum coins are produced by government mints. Platinum coins have an extraordinary benefit in that platinum is more dense than gold and by making a precise size measurement by digital caliper and using a precise digital scale for weight, one can verify the commodity’s special advantage of being the heaviest of the precious metals.

Does the Face Value of a Platinum Coin affect its Worth?

The face value of a platinum coin is low in regards to its intrinsic commodity melt value. Therefore, the face value is relatively unimportant and really does not affect its worth. However, having any government currency value is hugely important because that makes it a government guaranteed legal-tender coin and not an unsupported bullion ingot/round. If a government mint were to issue platinum coins with face value exceeding its commodity value, it would affect its worth.

Can I track my Platinum Shipment Online?

Yes. Once Monex has received payment and the funds are confirmed and considered reliable good funds, Monex will direct one of its independent shipping facilities to package and assign it to either USPS or UPS for delivery to you. Once Monex has received a tracking number for your shipment, you will be notified by email or telephone. Please call Monex and talk with an Account Representative to learn more about current pick up locations for precious metals.

Can I store my Platinum Investment through Monex?

Monex can arrange for the secure storage of your platinum bullion or coin investments. Monex will deliver your platinum with full title and ownership in your name to one of the independent bank/depository facilities that provide storage for Monex customers. These bank/depositories include Brink's in New York. When your metal is received by the bank/depository, the custodian of the facility will send you a document acknowledging the receipt and your ownership of the platinum being stored in your name.

Can I Borrow Cash Against my Physical Platinum Investment?

With storage of physical platinum through Monex at one of our storage facilities, you are able to borrow against your platinum metal holdings in two ways. You can use the loan proceeds to purchase more metal, or we can send you a check for the loan amount. There are no loan set-up fees or penalties for repayment at any time. You can call your Account Representative and have the total amount proceeds of the loan immediately sent to you, or you can use the loan to pay for a purchase.

What are Ways of investing in Platinum in 2020?

The best way to invest in platinum is in physical platinum bullion, in ether coin or bar form. Derivative investments are available such as NYMEX platinum futures contracts. However, be cautious in that platinum is difficult and costly to refine, so select only the finest forms of platinum.

The “Top-3” choices at Monex to consider for investing in platinum are:

  1. The Royal Canadian Mint’s One-Ounce Platinum Maple Leaf.
  2. The United States Mint’s One-Ounce Platinum American Eagle.
  3. Highly-refined platinum ingots of at least .9995 fineness.
Should I buy Platinum or Gold?

Buy gold. Then, when you feel you have enough gold, and you want to add some diversification benefits of a blended precious metals position, buy platinum.

Is Platinum a good Investment in 2020?

CPM Managing partner, Jeffrey Christian, states the following in the CPM Market Outlook Report, “While major changes in price direction should not be expected for these metals in 2020, the deep discount of platinum to palladium makes platinum more attractive to both investors as well as fabricators in the medium to long term. This makes buying platinum at present price levels with a medium to long-term investment objective very compelling to us.” Call 800-444-8317 now to get your free report and learn more about platinum as an investment in 2020.