Over the past decade or so platinum prices have increased overall, catching the attention of many investors looking to sell platinum at spot price. Many people look to precious metals such as platinum to help protect themselves against the devaluation of the dollar and fluctuations in the stock market. Platinum, gold, and silver are seen as safe havens of a sort in times of financial and political turmoil.
You can sell platinum at spot price and investment in the precious metal is available in many different forms including paper platinum and platinum bullion. Physical platinum bullion is most commonly found in coin, round, and bar form with several size options for each. Some investors enjoy owning government minted coins while others prefer paying lower premiums for bullion bars and rounds. In any case, there are a vast amount of options available in terms of this investment vehicle.
Aside from bullion, “paper platinum” is also available in the form of ETFs and certificates, meaning there are lots of opportunities for you to sell platinum at spot price. These options are different from physical platinum bullion in the sense that the owner never actually gets to hold the platinum in their hands. A platinum ETF or certificate is basically a piece of paper that says a bank or financial institution is holding a specified amount of platinum for you without you ever seeing that metal.