Best Places to Buy Platinum Online

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Contributor, Benzinga
July 15, 2024

Market uncertainty has been a major factor in bringing precious metals investing back into the minds of experts, analysts and investors. The rise in uncertainty and fear has made platinum a popular investment. Keep reading to see the best places to buy platinum online.

Quick Look: Best Places to Buy Platinum Online

The Best Places to Buy Platinum Online

Here are some of the best places to buy platinum online that offer direct delivery and support for IRAs:

1. Overall Best for Platinum IRA + Home Delivery: Advantage Gold

Advantage Gold has earned a remarkable reputation as one of the top online precious metals dealers in just eight short years. It offers an extensive range of silver, gold, platinum and palladium coins for you to invest in.

Advantage Gold will deliver to your door if you choose, but the company is particularly known for its IRA services. It specializes in rollovers and employs knowledgeable customer service staff to help you through the IRA process. One downside of Advantage Gold is that it doesn't offer many rare or historical coins, so it may not be best for avid coin collectors.

2. Best for Gold IRA Investing: American Hartford Gold

American Hartford Gold Group, a market leader and family-owned business, offers gold, silver, platinum, and palladium bars and coins, with a minimum investment requirement of $10,000.

Combining industry experience, excellent customer service, a diverse product range, and competitive pricing, American Hartford Gold is a reputable and trustworthy choice for individuals looking to invest in a Gold IRA.

3. Best for Precious Metals IRA + Educational Resources: Birch Gold Group

If you're considering investing in silver, gold, platinum or palladium for your retirement account, then Birch Gold Group could be a great choice. It provides an easy way to set up a precious metals IRA and offers free information on gold investments so that you can make informed decisions about alternative investments. It sells coins or bullion directly to customers who want them shipped right away.

4. Best Reputation: Augusta Precious Metals

Augusta Precious Metals is renowned for its outstanding customer service and extensive educational resources when it comes to precious metals IRAs, fees and the economy. Although its minimum investment requirement of $50,000 may make it unsuitable for those looking to purchase smaller amounts of platinum, gold or silver, it is an excellent choice for retirement savers who want reliable help with rolling over their IRA investments into a precious metals account.

5. Best for Easy Access: JM Bullion

Founded in 2011, JM Bullion is a well-established precious metals dealer specializing in gold, silver, platinum, and palladium products. The company offers a wide range of bullion and collectible items for both investors and collectors.

As a provider of gold IRAs, JM Bullion enables individuals to include physical gold and other precious metals in their retirement portfolios. The initial purchase requirements for opening a gold IRA with JM Bullion can vary based on the specific products and quantities chosen.

The Benefits of Buying Precious Metals Online

When it comes to investing in precious metals, buying online has several advantages. First, it's convenient as you can do everything from the comfort of your own home. With brick-and-mortar precious metals dealers, you may have to drive all over town to find the best place to buy platinum. Shopping online also allows you to compare prices across multiple platforms in a matter of minutes.

Another major benefit of buying precious metals online is the support for IRAs. Setting up a precious metals IRA can be a complicated process, but many of the best places to buy platinum and other precious metals have streamlined the process so that you can roll over (or set up) and start using your precious metals IRA in minutes.

What to Look for in the Best Places to Buy Platinum

When determining the best places to buy platinum for you, there are a few things to consider. First, you want to make sure it's a reputable dealer, like the ones listed here. Check to ensure that they carry the form of platinum you want to invest in too. Not all precious metals dealers offer platinum.

If you want to invest in precious metals with tax benefits, don't forget to see if the platform is known for its IRA services. Finally, check if the prices are in line with competing platforms.

Is Now a Good Time to Buy Platinum?

There are too many factors that directly and indirectly affect the price of platinum to predict whether any specific time is a good time to buy platinum. However, you may be able to condense many of these factors together to predict the general direction of platinum's price. This is never perfect, however, as there are far too many unpredictable factors involved.

Compare Platinum Brokers

Here are some of the best places to buy platinum online and full breakdowns of some of the top choices.

Safe Investments in Uncertainty

In uncertain financial times, precious metals like platinum have become popular as a safe investment. Platforms like Advantage Gold, American Hartford Gold, Augusta Precious Metals and JM Bullion offer various options for purchasing platinum online, including IRA services and educational resources. The decision of when to buy platinum is influenced by market conditions and other factors, so it is important to always consult a financial professional.

Frequently Asked Questions

Q

Why should you buy platinum?

A

Platinum is a rare and valuable precious metal with various industrial applications. It is highly durable and resistant to tarnish, making it a popular choice for long-lasting jewelry. Owning platinum can provide investment diversification and potential returns.

Q

What drives platinum buying today?

A

Platinum is sought after for its industrial uses, as a precious metal and as an investment. It is used in various industries and is valued for its properties. It is also seen as a safe investment, and its demand is driven by emerging economies and limited supply.

Q

What are the advantages to investing in platinum bullion coins compared to bars?

A

Investing in platinum bullion coins has advantages over platinum bars due to their smaller size and higher liquidity. Coins are more affordable, easier to trade and have a higher demand among collectors. However, bars require larger investments and may be less accessible for some investors. The choice between coins and bars depends on individual preferences and investment goals.

Henry Stater

About Henry Stater

Henry is an expert in all things crypto. He stays up to date with all the latest coins, platforms and technologies in the field. He has particular expertise in the burgeoning decentralized finance ecosystem and loves trying out all the new platforms. He also always follows major events in other financial markets and geopolitics as a whole, especially when an event’s effects ripple through the crypto market.