How to Buy Platinum Bullion
One of the most popular forms of investing is the purchase of bullion. Most investors choose to purchase gold or silver bullion, but platinum is gaining popularity as an investment choice. Monex describes platinum as "a widely-used although extremely rare metal, critically important to the auto industry, the jewelry trade, and the chemical, electrical and glass manufacturing industries." Platinum bullion investment is ideal for anyone who wants to have physical assets that can later be resold for profit.
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Instructions
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Decide what form of platinum you want to buy. The primary types of bullion are coins and bars. Coins offer greater portability due to their small size and are less expensive that bars. Platinum bars are ideal for investors who want to purchase large amounts of platinum and avoid juggling multiple coins.
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Find a retailer. Platinum can be purchased online from a mining company or coin store. If you prefer to see the bullion before you purchase it, you can buy platinum in local coin shops. Many counties also host an annual coin show where local collectors get together and sell their bullion. A coin show is a good place to pick up old and rare pieces of platinum bullion.
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Examine the platinum. If you purchase your platinum bullion new, the coins or bars should be in perfect condition. There should be no scratches, dents or other signs of wear. If you purchase used bullion, make sure the platinum is still in good condition. Older platinum bullion may have some scratches, but the price should reflect the wear of the coin. Extreme wear and tarnish will reduce the resale value of the platinum.
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Make your purchase. Online mining companies will usually accept credit cards or checks and will mail your bullion to you within two to three weeks. If you want to use cash to purchase bullion, you should buy from a local coin shop or coin show.
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