Platinum bullion is an exciting, lesser-known treasure that should be seriously considered as part of your investment portfolio. The striking and shiny metal boasts a prestigious status in the bullion world, and with its increasing industrial demand, the value of platinum is set to soar. In this comprehensive guide, we will explore the rewarding investment potential of platinum bullion, its unique properties, and the reasons why platinum could be the next gold rush for your financial journey. So, dive into the world of platinum with Pre Columbian Gold.
Platinum Bullion Table of Contents
What is Platinum Bullion?
Platinum is a dense, silvery-white metal that is incredibly rare, more so than gold, which earns it its esteemed status. It is one of the least reactive metals known to man, boasting incredible resistance to corrosion and high temperatures. Platinum bullion comes in various forms, such as bars, coins, and rounds.
Bars are the most popular choice among investors, offering a precise and straightforward way of storing the precious metal. Coins are another popular option, typically crafted by government mints, these carry the allure of historical significance and limited mintages. Lastly, rounds are similar to coins but are generally made by private mints, values solely based on their platinum content.
Why Invest in Platinum Bullion?
Rarity and Demand
The rarity of platinum contributes to its high value. In addition, growing industrial applications, such as in automotive manufacturing for catalytic converters, increase the overall demand for this precious metal. Its demand in jewelry and newly emerging fuel cell technology further solidify its investment potential.
Diversification
Investment portfolios need diversification to minimize financial risks. Adding platinum bullion to your investment mix allows you to broaden your assets and reduce vulnerability to market fluctuations.
Speak to a Gold IRA Expert Today. Our Preferred Gold IRA Custodians:
Birch Gold Group
Birch Gold Group stands as your reliable ally in Gold IRA investment. Their unbeatable customer service, combined with rich educational content, makes your journey to financial growth as smooth as possible.
Noble Gold IRA
With its simple 5 minute IRA setup process and experienced team of professionals, Noble Gold is one of the easiest ways to open a Gold IRA & find out more information.
Tax Benefits
Platinum bullion, like other precious metals, can be used as part of a self-directed IRA, offering you potential tax advantages amidst other savings plans.
Hedge Against Inflation
Similar to gold, platinum bullion acts as a hedge against inflation, protecting your purchasing power as economic conditions shift.
Platinum Bullion Example
Consider a hypothetical investor named Jane. In 2010, she decides to diversify her investment portfolio by purchasing 10 ounces of platinum bullion coins at $1,500 per ounce. Fast forward to 2021, the price of platinum has increased to around $1,120 per ounce, giving her a 33% increase in investment value. By strategically adding platinum to her portfolio, Jane has successfully weathered market variations while growing her wealth.
How to Buy and Store Platinum Bullion?
Purchasing platinum bullion is as simple as doing thorough research and seeking out reputable dealers (both online or brick-and-mortar shops). Always inquire about the dealer's buy-back policy and make a point to compare prices and premiums on platinum bullion.
Once purchased, storing your platinum bullion is essential. Options include a home safe, a safety deposit box at your bank, or private vault storage. We recommend private vault storage, which usually comes with insurance against theft, damage, and loss.
The dazzling world of platinum bullion offers a shimmering opportunity for investors looking to diversify their holdings and capitalize on the growing demand for this rare precious metal. As you delve further into your investment journey, don't forget to explore the other guides available on Pre Columbian Gold, covering a wide range of information on Gold IRAs, and precious metals investments. Lastly, if you found this guide helpful, we encourage you to share it with others looking to pave their platinum path!
Speak to a Gold IRA Expert Today. Our Preferred Gold IRA Custodians:
Birch Gold Group
Birch Gold Group stands as your reliable ally in Gold IRA investment. Their unbeatable customer service, combined with rich educational content, makes your journey to financial growth as smooth as possible.
Noble Gold IRA
With its simple 5 minute IRA setup process and experienced team of professionals, Noble Gold is one of the easiest ways to open a Gold IRA & find out more information.
