What You Need to Know Before Investing in Platinum Bullion

Metal Ounce Gram
Gold £1295.79 £41.661
Silver £17.625 £0.567
Platinum £768.206 £24.698
Palladium £1539.29 £49.489
Updated 05:56 22/10/21
Time Zone: UTC
What You Need to Know Before Investing in Platinum Bullion Previous item Platinum Coin Proof Sets ... Next item Platinum Investments ...

What You Need to Know Before Investing in Platinum Bullion

Precious metals like silver, gold, and platinum have been recognized as valuable since ancient time. While most people are aware of the value and quality of silver and gold, very few people know the worth of platinum as an investment.  If you’re planning to invest in platinum bullion, but not sure about it, you must read this post until the end. In this article, we’re going to make you familiar with a few facts that you must know before investing in platinum bullion. So, without further delay, let’s get started!

Spaniards discovered platinum in 1735 when they were looking for gold. In the quest for gold, they first ignored it. However, today platinum is one of the most precious metal in the earth whose demand is growing day-by-day. This is because platinum has been used in different industries, from dentistry to electrical, to medicine to jewellery, to the petroleum industry. As a result, people are investing in platinum bullion. However, people should remember that investing in platinum bullion is a lot more costly than gold and silver.

There are three ways you can invest in platinum.

Stocks

You can also invest in platinum stocks of platinum producers. However, you must remember that this is not the same as investing in the physical platinum bullion. The price of platinum could rise, but if the company is not properly managed, you may still lose your money.

Mutual Funds or ETFs

You can now also invest in mutual funds and ETFs. While they are two of the easiest ways to invest in platinum, such investments carry management excess fee that might reduce your return somewhat.

Buy Physical Platinum Bullion

Numerous countries make platinum bullions and coin. Generally, they are available in denominations as low as 1/20 oz.

As a lot of people want to invest in physical platinum bullion, we have put together a few tips for you.

First, you need to decide if you want to invest in platinum coins and bars. If you have a small budget, then you can invest in coins. However, if you have a sufficient account, buying platinum bullions is more beneficial.

Consider if you want to buy platinum bullion online or offline. Online has the advantage of lower prices but an increased risk of fraud. Offline, you can be sure of what you’re buying, but you might have to pay a higher price.

You also need to find a safe place to store your platinum bullion or coins. If you have a small amount, you can keep it safe at home. However, if you have platinum bullions in large amount, you can consider renting a safety deposit box.

At RPS Gold, we offer 100% genuine platinum bullion as customer satisfaction is our priority. You can buy bullion both online and offline with us.  We are best known in the UK for our collection of platinum, gold, and silver bars, bullions, and coins. To know more about us, visit our website or call us at +44(0) 20 8574 2450.