Where To Buy Platinum
The platinum market is often overlooked by people who are looking for a more stable investment. Platinum prices can fluctuate wildly, but when they go up, it’s usually because of major events in the economy. Investors that want to take advantage of this volatility should know where to buy platinum before investing.
This blog post will provide an overview of where to buy platinum and the different markets and methods available for buying platinum.
What is Platinum
Platinum is a chemical element with the symbol Pt and atomic number 78. It’s the most corrosion-resistant metal and considered to be precious, which is why it’s often used for jewelry making. Platinum provides excellent protection against corrosion and oxidation of other metals since it does not oxidize easily under normal conditions. This makes platinum a good choice for jewelry because of its appeal as well as its durability.
The first documented mention of platinum was around the year 1730 by Antonio de Ulloa, who discovered what he thought was silver but it turned out to be platinum in South America while employed by Spain as a surveyor. The name comes from the Spanish word ‘platina’ meaning little silver or small silver coin.
Platinum Grades And Labels
Many people are not aware of the different grades and labels that are put on platinum metal. It is important to know what you are buying when it comes to this precious metal because there is a lot of information about it that can save you money in the long run.
The first thing to consider when buying platinum is the grade of the metal. Platinum is labeled as either 950 or 750, with 950 being more expensive and less common than 750. The difference between these two grades is that an item made from 950 platinum will have a higher percentage of pure platinum in it.
Some people are concerned about investing in pieces that are labeled as 750 because they may not be able to resell them for what they paid if there were ever any changes in demand or supply. If you’re looking for an investment piece, then purchasing platinum labeled 950 would make sense for you because it’s rarer and worth more on the market currently.
Buying Platinum
From The Market
One of the most popular reasons to buy platinum is that it retains its value and does not depreciate like other metals. There’s also the fact that it’s rarer than gold, which means there will always be a demand for it.
As an investment, you can buy platinum from the market without worrying about depreciation or inflation. In fact, with inflation on the rise, your investment will likely increase in worth over time. Platinum is also more abundant than silver and gold so there’s no need to worry about supply running out anytime soon.
One type of bar that you may want to look into purchasing is a PAMP Suisse Metal Bar, which contains 1 troy ounce (31 g) of 999 fine platinum and measures 32 mm by 27 mm by 3-mm thick.
These bars are extremely sought after because they come in protective cases that include 24k gold plating on both sides and an individual serial number for each bar. There are also some other companies out there making similar products.
Online
It’s not too difficult to buy platinum online. It might be a little more expensive than buying it in store, but the convenience of ordering platinum online is worth the price. There are many sellers on sites like eBay and Amazon that offer high quality platinum products at affordable prices.
Millions of people around the world buy platinum from online marketplaces like Amazon where you can purchase platinum coins, bars or bullion to hold for wealth preservation purposes.
Best Platinum Products
Solid Platinum Wedding Band Ring
ASN: B08MYDMYM7
Solid platinum wedding band ring is 8mm in width with a beveled edge and comfort fit. It’s also slightly thinner than the average ring at only 1mm thick, making it more comfortable to wear for long periods of time. This simple traditional style is made from 950 Platinum that has been authenticated by being stamped with an official mark just like Vermeil or Gold Plate items are marked so you can buy your rings knowing they’re real.
Cross Crucifix Charm Pendant
ASIN: B08MYCPFCH
This cross crucifix pendant is made from solid platinum and comes with an elegant storage box. The necklace features a 950 stamp, which authenticates the purity of this piece’s metal content as being 95% pure platinum. It measures 26.8mm in width by 6.5mm at its widest point where it fits into the bail-shaped opening to safely dangle your cross or crucifix on its chain around your neck for all to see.
Ichthus (Fish) Charm Pendant Chain Necklace
ASIN: B08MYBWDVB
This Ichthus charm necklace is a solid platinum chain with an adjustable length from 16-18. The elegant pendant has a 20.3×18.4mm size and comes in a beautiful box included. The pendant is made from pure platinum which is guaranteed to be authenticated by the 950 stamp, giving you peace of mind when purchasing this jewelry piece online.
Our Final Thoughts
Platinum is a beautiful metal that has many different uses. When you are looking to purchase platinum jewelry or other products, it’s important to check the 950 tag on the product before purchasing. This will ensure that your items are not plated with gold and rose gold but instead solid platinum.
Platinum also has many different markets and methods available for buying it. It is important to do your research before deciding where to buy platinum and making a purchase, as there are some risks involved in the process. When you make sure to take precautions when purchasing platinum, you can enjoy having this valuable metal without too much risk.
