Platinum is a valuable precious metal known for its rarity, durability, and industrial applications. Whether you're looking to invest in platinum bullion, coins, or bars, purchasing online offers convenience, competitive pricing, and access to a wide selection of products. However, buying platinum online requires careful research to ensure you're dealing with reputable sellers, getting fair prices, and securing safe delivery.
Quick Look: Best Places to Buy Platinum Online
- Best for Gold IRA Investing: American Hartford Gold
- Overall Best for Platinum IRA + Home Delivery: American Alternative Assets
- Best for Precious Metals IRA + Educational Resources: Birch Gold Group
- Best Reputation: Augusta Precious Metals
- Best for Easy Access: JM Bullion
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:
Best for Gold IRA Investing: American Hartford Gold
- Best For:Gold IRAs with On Going PromotionsVIEW PROS & CONS:securely through American Hartford Gold's website
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.
- Account Minimum: $10,000
- Fees: Annual IRA fee of $75 for accounts valued at $100,000 or less, $125 for accounts valued at $100,001 or more
Best for Platinum IRA + Home Delivery: American Alternative Assets
American Alternative Assets simplifies your access to precious metals IRA. By signing up for their free guide on their website, you can connect with their team, choose your preferred assets, get them home delivered, and manage your investments seamlessly. Whether you opt for secure storage or prefer home storage, they offer flexible options to suit your needs.
- Account Minimum: $10,000; $50,000 retirement rollover
- Fees: Free
Best for Precious Metals IRA + Educational Resources: Birch Gold Group
- Best For:Retirees and Young Gold InvestorsVIEW PROS & CONS:securely through Birch Gold Group's website
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.
- Account Minimum: $10,000
- Fees: One-time fee of $50 to set up your IRA, $30 for wire transfers, annual storage and account management fees of $180-$230
Best Reputation: Augusta Precious Metals
- Best For:Gold IRAVIEW PROS & CONS:securely through Augusta Precious Metals's website
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 precious metals accounts.
- Account Minimum: $50,000
- Fees: Annual custodian and storage fee of $100 each, and a one-time custodian application fee of $50
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.
- Account Minimum: $0
- Fees: Annual fees can vary from $75 to a few hundred dollars
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.
Safe Investments in Uncertainty
In uncertain financial times, precious metals like platinum have become popular as a safe investment. The platforms mentioned in this article 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
What is the cheapest way to buy platinum?
Is platinum worth buying?
Why is platinum so cheap?
Platinum is relatively cheap compared to historical prices due to lower industrial demand, especially in the automotive sector (shift from diesel to electric vehicles), increased recycling supply, and economic uncertainty affecting investor sentiment. Additionally, market speculation and mining output fluctuations impact its price.
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.