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 Gold $1,769.70   $-34.30  Silver $19.27   $-0.54  Platinum $880.50   $-16.80  Palladium $1,958.00   $-30.10

First discovered in the early 1700s, platinum is a precious metal that’s a bit underrated but still highly desirable and often appreciated for investment purposes. In fact, platinum is actually more valuable than gold. As for how you can buy this particular precious metal, it can be purchased in bar form fairly easily. Here’s what you need to know about buying platinum bars, brought to you by the experts from First National Bullion. San Diego precious metals collectors know they can rely on us for high-quality service and unmatched reliability.

Standard Platinum Bars

The type of platinum bar that tends to be easiest to find is the standard platinum bar. This refers to a bar that’s 10 troy ounces and .9995 pure fine metal. These bars are appealing because they’re easy to trade. Plus, the size of standard platinum bars allows for convenient storage, which can be beneficial if you intend to gradually add to your bar collection.

Other Platinum Bar Options

Platinum is on par with gold and silver in that you don’t have to limit yourself to the standard bar size. If you prefer something a bit more affordable, you’re welcome to buy 1 gram platinum bars instead. There’s a fairly extensive range of options with other gram-sized bars of platinum as well, at least from major sellers. In other words, it shouldn’t be too difficult to find bars that fit into your price range or overall investment goals with this precious metal.

Once you move out of the gram-sized bars, platinum bars tend to be more on the pricey side. For example, single-ounce bars are typically more than a thousand dollars. This is mainly because of the higher value associated with this platinum.

Platinum Bar Perks

As with other well-known precious metals in bar form, bars are a convenient and appealing way to purchase platinum. One of the top reasons is because bullion bars purchased from reputable sellers are typically:

• Clearly marked
• Higher in purity than what’s common with other forms of platinum
• Accompanied by documentation attesting to purity and quality
• Widely accepted by other buyers if you end up selling what you purchase or trading your bars at some point

How & Where to Buy Platinum Bars

Established and trusted precious metals dealers are a reliable source for platinum in bar form. You can also find reputable online sellers if you take some time to check out sites, read reviews, and get a feel for what’s offered. It can also be helpful to brush up on your understanding of platinum bullion and the platinum market in general when getting ready to buy these bars. This is something you can do by:

• Seeking advice from an investment advisor with knowledge of precious metals
• Paying attention to spot prices and other indicators of current value
• Comparing rates for platinum bars to determine what works for your budget and investment goals
• Being mindful of both size and purity to ensure you’re getting a bar with a sufficient purity level to maintain its value

If you’re building an investment portfolio and looking for the best place to purchase San Diego gold and bullion as well as platinum and other forms of precious metals, reach out to the trustworthy professionals at First National Bullion. We can answer all your questions and help you find all the information you need on how precious metals can be great investments. Give one of our experienced dealers a call today at 858-666-6570.

The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.

By |2022-06-06T04:37:06-07:00December 13th, 2021|Miscellaneous|0 Comments