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.
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.
- Provides a safe and secure way to invest in precious metals
- Offers a wide range of options for investing in gold, silver, platinum and palladium
- Provides excellent customer service and support like home delivery
- Requires a minimum investment, which may be a barrier for some individuals
- Some customers have reported delays in delivery or issues with order fulfillment
- Potential for market volatility and fluctuations in the value of precious metals, which can impact investment returns
2. 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.
- Easy to access and free educational information
- Direct access to precious metals
- Birch Gold Group offers secure storage options for clients’ precious metals, ensuring their safety
- The fees associated with buying and storing precious metals with Birch Gold Group can be higher compared to other investment options
- Birch Gold Group primarily focuses on physical precious metals, limiting investment options for those looking for more diverse investment portfolios
- Precious metal investments can be volatile and subject to market fluctuations
3. 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.
- Has a strong reputation and positive customer reviews
- Offers personalized customer service and guidance for investors
- Have an excellent track history with precious metals IRA management
- Requires a minimum investment amount, which may not be affordable for all investors
- Some customers have reported high fees and hidden charges
- Limited availability of physical precious metals for immediate delivery
4. Best for Selection of Coins + Low Minimums and Fees: Red Rock Secured
Red Rock Secured is a strong go-to precious metals bullion dealer for all kinds of investors. The platform boasts a wide selection of gold, silver, platinum and palladium options with low fees with minimal investment requirements ($1,500). Its customer service team is always on hand to answer queries you may have about setting up an account or IRA or making a purchase. This feature makes Red Rock’s rollover services hassle-free and takes away the stress.
- Red Rock Secured offers a wide range of investment options, including precious metals like gold and silver, which can provide a hedge against inflation
- The company has a solid reputation and has been in business for over a decade, providing a sense of trust and reliability
- Red Rock Secured has low fees and low minimums to get started
- Red Rock Secured charges fees for their services, which can eat into the overall returns on investments
- The company still has minimum investment requirements, which could limit access for smaller investors
- Precious metals can be illiquid assets, meaning they may not be easy to sell or convert into cash quickly, which can impact liquidity
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.
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securely through Lear Capital’s website
Best For:
Retirees Wanting Security Against Market Crashes
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securely through Red Rock Secured’s website
Best For:
Gold IRAs & Home Delivery Gold IRA
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securely through American Hartford Gold’s website
Best For:
Gold IRAs, New and Experienced Investors
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securely through Augusta Precious Metals’s website
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securely through Plus500’s website
86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Safe Investments in Uncertainty
In uncertain financial times, precious metals like platinum have become popular as a safe investment. Platforms like Advantage Gold, Birch Gold Group, Augusta Precious Metals and Red Rock Secured 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
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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.
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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.
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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.