The post Is Platinum a Good Investment by Henry Stater appeared first on Benzinga. Visit Benzinga to get more great content like this.
Already decided that platinum is a good investment and just want to know where to buy some? Advantage Gold, Augusta Precious Metals, Birch Gold Group and Red Rock Secured are all world-class precious metals trading platforms that offer platinum.
Investing in platinum has become increasingly popular in recent years as it has become a more attractive option when compared to other precious metals like gold or silver. Platinum is a precious metal with a wide variety of industrial and commercial uses, including in jewelry, cars (mostly for catalytic converters) and electronics. It is a rare element and often viewed as a safe-haven asset, making it an attractive choice for investors.
Platinum has been a reliable investment option for decades, as its value has steadily increased over time. Since platinum is a rare metal, it is not subject to the same volatile price fluctuations that gold, silver and other precious metals experience. This feature can make it a more stable investment option, as the price of platinum is less likely to drop suddenly.
When investing in platinum, you’ll want to look at several factors. For example, the spot price of platinum should be taken into account and compared to your quoted price. Additionally, investors should be aware of the risks associated with investing in platinum, such as the risk of theft or fraud.
Platinum can be a great option for investors who are looking for an investment that can be safer and more reliable. As a rare metal, the price of platinum is usually less stable than silver or gold. This factor can be an advantage for investors looking for greater returns but it could also mean greater losses.
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Best Platinum Coins and Bullion
You can invest in many different forms of platinum. You can buy bars of pure platinum or pure platinum coins with various designs. If your purchase is solely for investment purposes, the type probably doesn’t matter much. Pick up the cheapest pure platinum from a reputable platform that you can find.
If you want your platinum to be stylish, for a bit more you can get platinum coins. Advantage Gold and Birch Gold offer a few different platinum coins including the American Platinum Eagle coin and the Canadian Platinum Maple Leaf coin.
Best Places to Buy Platinum
Take a look at some of the best platforms that offer platinum trading:
Get started
securely through Advantage Gold’s
website
When you choose to invest with Advantage Gold, you can set up a Gold IRA or purchase Gold, Silver, Platinum and Palladium. There is a robust learning center that teaches you how to hedge using precious metals, and you can begin to move your money to one of the more popular safety nets in the world of investing.
Best For
- Precious metals investing
- Gold IRAs
- Variety of precious metals to choose from
- Several coins and metals to buy
- Impressive educational section
- Quality customer support
- Variety of options may confound some users
get started
securely through Red Rock Secured’s
website
Retirement investing is always a tricky thing. It requires investors to look deep into the future while investing their money today. This only underscores the importance of having a diverse portfolio. Historically, investing in gold has been a great hedge against market volatility. Red Rock Secured wants to make gold and precious metals investing even easier by offering both gold and silver individual retirement accounts (IRAs).
Best For
- Retirement investors looking to diversify
- Investors looking to buy precious metals securely
- Investors looking for a simple way to buy gold or precious metals
- Offers investors the chance to diversify retirement with a precious metal IRA
- Zero maintenance fees
- Low investment minimums
- Seven-day price protection policy
- None noted
get started
securely through American Hartford Gold Group’s
website
American Hartford Gold is a family-owned business based in Los Angeles, California. The organization is a market leader in precious metal investing. American Hartford Gold specializes in selling gold, silver, platinum, and palladium coins and bars and in helping its clients to set up Individual Retirement Accounts (IRAs) invested in precious metals.
Precious metals are popular investments during times of high inflation as investors look for a hedge against inflation. Gold and silver investments may not follow the same trends as stocks, making precious metal investing a potential safe haven.
American Hartford Gold offers investors the following services:
- Gold, platinum, palladium and silver investments
- Gold IRAs
Investors need an amount of $10,000 or more to start their retirement investment journey with American Hartford Gold. The company also assists investors looking to roll their current IRAs into gold IRAs. There are no taxes or penalties on either the trustee-to-trustee or 60-day rollover IRA options it offers. American Hartford Gold will buy back the precious metals when investors want to cash out.
Best For
- Investors looking for a hedge against inflation
- Retirement savers looking for tax benefits
- Great customer reviews across the board
- Open an online account in minutes
- Online education and information on precious metal price movements
- Customer buyback available
- Online catalog doesn’t show pricing
- No international shipping available outside of the US
- Investments have the risk of loss
get free guide
securely through Augusta Precious Metals’s
website
Although diversifying your investment portfolio to include physical gold and silver can be a good idea, people generally show a greater sense of urgency in doing so when inflation goes up. Augusta Precious Metals is a leading gold IRA company that specializes in helping savers diversify their retirement savings with gold and silver. It has the best reputation of the companies we reviewed. One thing that stands out is that this company offers retirement savers education on gold IRAs and fees, the economy and high-pressure tactics to watch out for from other companies. They give Americans the chance to buy into a gold- and silver-backed individual retirement account (IRA) and to buy precious metals directly from the company.
Best For
- Investors looking for a hedge against inflation
- Investors looking to diversify their portfolio with a precious metals IRA
- People looking for a quick and easy process
- People unhappy with their current gold IRA company’s high-pressure tactics
- Investors looking for the most compliant and transparent gold IRA company — with the best reputation
- Company highly rated by users and ratings services
- Specializes in gold and silver IRAs
- Provides guides helping consumers avoid gimmicks and high pressure
- Up to 10 years of fees paid for you
- Account lifetime customer support
- Higher minimum of $50,000
get free kit
securely through Lear Capital’s
website
90,884 happy customers can’t be wrong. Over $3 billion in precious metals transactions and over 25 years in business – that’s an extremely solid track record for this industry. Doesn’t get much better than that.
Lear Capital is a full-service precious metals dealer specializing in gold and silver self-directed individual retirement accounts (SDIRAs). The company offers an extensive precious metals inventory of premium rare coins and investment-grade bullion.
You can easily diversify your portfolio with precious metals and Lear Capital shows you how. Lear Capital helps customers transfer traditional IRAs into gold IRAs seamlessly, tax and penalty-free. They also sell bullion and numismatics outside of IRAs for home storage and peace of mind.
For IRA transactions, Lear Capital ensures your physical assets are securely and properly stored in an IRS-approved vault with a solid and reputable custodian. They also have a price match guarantee and many incentives and special offers to give you great bang for your buck. With more than 25 years in the business, Lear Capital has earned a AAA rating with the Business Consumer Alliance. Lear Capital is also a professional coin-grading dealer, so they know what they are doing. No one knows the gold investing space better than Lear.
Best For
- Investors seeking diversification with precious metals
- Individuals wanting to hedge savings against global volatility
- Retirees wanting security against market crashes
- Investors aiming to capitalize on gold price action during crises
- Individuals concerned about the possibility of capital controls
- Collectors seeking premium rare numismatic coins
- Up to $15,000 in bonus metals
- Price match guarantee
- Free IRA set-up and storage; up to 3 yrs a $680 value
- 24 Hour no-risk purchase guarantee
- 1st Yr commission free after initial transaction
- Business since 1997 – 2X longer than competitors.
- IRS-approved custodians for secure IRA storage
- Personal account executives for concierge service
- 15-day delivery with free, insured shipping
- Live chat unavailable on the website
- Minimum purchase amount of $15,000
How to Buy Platinum With an IRA
Until recently, it was difficult to invest in physical precious metals with an IRA. However, IRA platforms like Advantage Gold, Augusta Precious Metals, Birch Gold Group and Red Rock Secured (along with the help of the IRS) changed that paradigm. It only takes a few minutes to set up a precious metals IRA or roll over an existing IRA. Each company has a compelling selection of coins that you can invest in with your IRA too.
Platinum vs. Other Precious Metals — Which is the Best?
Investing in platinum can be a lucrative endeavor, but it’s not the best investment for everyone. If you’re not using the best platforms like the ones above, it can be difficult because it’s not like stocks and bonds, which are generally more straightforward investments.
Three other popular precious metals are considered strong investment options — gold, silver and palladium. If you are looking to invest in the safest precious metal, silver will likely be your best bet as its value is often more stable than gold. Gold is famously a great investment even if it’s a bit more volatile than silver. You can invest in all kinds of gold, silver, platinum and palladium coins and bullion with the world-class platforms listed above.
So, is Platinum a Good Investment
So, is platinum a good investment? The short answer is yes, for some people. Platinum is a vital precious metal in multiple industries including jewelry. Like gold and silver, many investors consider it a safe-haven asset. Its price has been steadily increasing over the years, and its value is expected to continue to rise in the future.
Investing in platinum can be an excellent option for those who are looking for an investment than can be considered safer. However, it is important to be aware of the risks associated with investing in platinum and to do your research before investing. Understand the spot price of platinum and the associated costs before investing. With the right knowledge and research, platinum can be a great investment that can yield long-term returns.
The post Is Platinum a Good Investment by Henry Stater appeared first on Benzinga. Visit Benzinga to get more great content like this.
