Best Platinum Investment Companies

Platinum investments might be a wise choice for those who want to diversify their portfolio. However, finding the ideal platinum investment business can take time and effort. In response, we are here. In this post, we’ll examine the best platinum investment companies that provide a selection of investment choices designed to maximize profits while lowering risk.

Top 5 Gold IRA Companies of 2023 at a Glance

1. American Hartford Gold: Editor’s Choice – Best Price for Bullion (4.9/5)
2. Augusta Precious Metals: Runner up – Great Gold IRA Company Overall (4.8/5)
3. Goldco: Great Buyback Program (4.6/5)
4. Red Rock Secured: Best at Home Gold IRA (4.5/5)
5. Birch Gold Corporation: Great Staff Overall (4.2/5)

#1 American Hartford Gold: Editor’s Choice – Best Price for Bullion (4.9/5)

A respectable business that focuses on buying and selling gold and other precious metals is American Hartford Gold. American Hartford Gold has established itself as a respected authority in the precious metals industry by emphasizing first-rate client service and a depth of sector knowledge. Their team of skilled investment experts assists clients in navigating the complicated world of gold investing by providing specialized solutions tailored to each customer’s particular investment objectives. Furthermore, American Hartford Gold is dedicated to openness and giving customers the most precise and recent information about their investments. American Hartford Gold is committed to assisting you in achieving financial security via the power of gold, regardless of your experience level.

Pros

• American Hartford Gold provides a safe investment option because gold has historically been a reliable form of money.
• Because gold investments are exempt from several taxes that apply to other assets, American Hartford Gold offers tax benefits to investors.
• Investment portfolio diversity is another benefit of purchasing American Hartford Gold, which can improve stability and risk management.

Cons

• Market volatility may affect investments in American Hartford Gold, and shifts in gold prices substantially impact an investment’s value.
• Investing in American Hartford Gold may necessitate additional security measures to protect the asset. Physical gold must be stored securely.
• Unlike investments in equities or bonds, American Hartford Gold does not provide any income.

#2 Augusta Precious Metals: Runner up – Great Gold IRA Company Overall (4.8/5)

Leading precious metals supplier Augusta Precious Metals gives clients a trustworthy and secure way to invest in gold and silver. With more than 50 years in the business, Augusta Precious Metals has become recognized as a reliable brand. Their team of professionals works hard to give their clients the best possible customer care, assisting them with all aspects of investing and ensuring that they make wise choices. The organization provides several investment alternatives, such as precious metals IRAs, gold and silver coins, bars, and bullion. The reputation of Augusta Precious Metals speaks for itself; they are dedicated to openness and honesty. They put a lot of effort into preserving their clients’ peace of mind since they recognize how important it is to secure their investments. You can feel secure knowing your money is safe with Augusta Precious Metals.

Pros

• Since it has operated for over a decade, Augusta Precious Metals has built a solid reputation for offering its clients dependable and trustworthy service.
• The business provides a broad selection of precious metals that have undergone rigorous testing and certification by the most respected institutions in the market, including gold, silver, platinum, and palladium.
• All of Augusta Precious Metals’ products are reasonably priced, ensuring clients receive the most for their money.
• Customers may easily purchase precious metals from Augusta Precious Metals thanks to the company’s wide range of safe and practical payment options, including credit card, bank wire, and check.

Cons

• The cost of holding precious metals at Augusta Precious Metals can increase over time and lower the total return on investment.
• The company’s lack of investment choices compared to some of its rivals may limit some investors’ interest in it.
• Customers who depend on precious metals for financial stability may be concerned, given specific reports of delivery delays for their purchases.

#3 Goldco: Great Buyback Program (4.6/5)

A financial institution called Goldco offers clients alternatives to conventional savings plans, including stocks, bonds, and mutual funds. Precious metals, especially gold, and silver, emphasize Goldco as a means of portfolio security and diversification. Goldco also provides a novel Great Buyback Program for individuals wishing to make a long-term investment, enabling investors to sell back their precious metal investments at market value. Goldco is a reputable provider in the precious metals market, providing clients with a safe and dependable investment alternative. Goldco has a solid and knowledgeable staff of professionals. Invest in your future today by joining the thousands of happy customers who have benefited from Goldco’s Great Buyback Program.

Pros

• Gold, silver, platinum, palladium, and other precious metals are among the variety of investment alternatives Goldco provides. As a result, investors can diversify their holdings and lower their risk.
• With more than ten years of expertise and a BBB A+ rating, Goldco has a solid reputation in the precious metals sector.
• The team at Goldco includes seasoned precious metals specialists who can offer professional advice on investment tactics and market trends.
• The fees charged by Goldco are open and reasonable; no additional fees or commissions are included.
• Investors have various storage choices from Goldco, including safe vaults in the US and abroad, alternatives for home delivery, and self-directed IRAs.

Cons

• For self-directed IRAs in particular, Goldco’s storage costs can be more expensive than those of rivals.
• The minimum investment amount required by Goldco may be more significant than that of other precious metals dealers, which may restrict some investors’ access.
• The additional costs and restrictions associated with Goldco’s buyback options may impact investments’ liquidity.

#4 Red Rock Secured: Best at Home Gold IRA (4.5/5)

With its headquarters in Southern California, Red Rock Secured has been a premier precious metal investing expert in business since 2009. It is intended to provide complete security, transparency, and, most importantly, peace of mind to establish a fantastic investment platform. The business sells and delivers bullion coins, rounds, and bars made of gold, silver, platinum, and palladium. It provides its customers with unmatched protection and privacy thanks to its on-site storage facilities. The business takes great pleasure in having a highly knowledgeable team of advisors who help investors at every step, from building a balanced portfolio to selecting the best storage option. Red Rock Secured equips its clients with the knowledge and resources they need to take advantage of the uncommon opportunity to engage in the precious metals market.

Pros

• Investors can purchase a range of precious metals through Red Rock Secured, including gold, silver, platinum, and palladium. These metals are considered stable and liquid, making them a secure investment choice.
• The business enjoys a solid market reputation because of the many happy customers who have invested with them and received profitable returns.
• Red Rock Secured offers its clients excellent customer care, giving them individualized attention and educating them about the precious metals market.
• The organization offers safe storage solutions to protect valuable metals from theft and damage.
• Red Rock Secured offers its clients a buyback program that enables them to sell back their precious metals for cash at any moment.

Cons

• The company charges a fee for its storage services, which can build up and affect investment returns over time.
• The potential return on investment for customers may be constrained by the Red Rock Secured repurchase program’s less competitive rates when compared to those offered by rival dealers.
• Beyond precious metals, Red Rock Secured does not provide a broad range of investment options, restricting investors’ prospects for diversification.

#5 Birch Gold Corporation: Great Staff Overall (4.2/5)

Birch Gold Corporation is a trusted leader in the precious metals industry, specializing in helping individuals diversify their investment portfolios with physical gold, silver, platinum, and palladium. Founded in 2003, Birch Gold has built a reputation for providing top-notch customer service, expert market insight, and a straightforward approach to investing in precious metals.

Pros

• Gold, silver, platinum, and palladium are just a few of the precious metals that Birch Gold Corporation offers as investment possibilities.
• To invest in precious metals, the organization offers a clear and straightforward approach with no additional fees.
• The team of skilled experts at Birch Gold Corporation has years of expertise in precious metal investments and can offer clients comprehensive guidance.
• Customers who need to liquidate their investments in precious metals can do so through Birch Gold Corporation’s buyback program, which offers them a fair market price.

Cons

• Compared to some of its rivals, Birch Gold Corporation costs more to purchase precious metals.
• There can be restrictions or costs associated with the company’s buyback program, which could affect the investment’s returns.
• Investments in precious metals might only be appropriate for some investors, particularly if they are looking for low-risk or quick returns.
• The company’s emphasis on investments in precious metals may restrict its clients’ capacity to diversify their holdings.

The Case for Platinum Investing

Fewer people consider investing in platinum than in gold or silver, and even fewer do so. But platinum offers a particular investment with a solid argument to take into account:

• When it comes to numerous high-volume industrial uses, platinum is essential and unique;
• The most expensive of all precious metal premiums for jewelry, platinum is acknowledged as the world’s top metal for jewelry;
• Constant demand is hampered by a limited supply, low above-ground stocks, and growing fundamental mining costs;
• A wide range of technologies as well as ongoing marketing of platinum jewelry, are likely to contribute to demand increase;
• Fuel cells, which need platinum, will likely help decarbonize transportation, material handling, portable electricity, and backup power in an emergency.

Although platinum is much rarer than gold (only one ounce has ever been mined for every 30 ounces of gold), it is used in a wide variety of modern products, including the hard drives in computer servers, the carbon monoxide detectors in your home, the thermocouples used to monitor temperatures in industrial furnaces, and the durable diamond clasps found on the majority of gold engagement rings.

Over the past five years, the average annual demand for platinum has been close to $10 billion, or almost one-third the price of silver delivered to end users. In comparison, only 10% of silver’s investment demand is met by platinum. To satisfy latent and pent-up demand, metal is still a new and little-known financial asset with restricted investment product availability.

Platinum Coins for Investment

Russia has only ever used platinum as currency, and only Russia has ever accumulated platinum bar reserves for its national reserves. Today, the metal has a far smaller selection of bullion coins than gold or silver. ‘Retail’ investors have access to a far narrower selection of platinum bars.

Since 1997, the US Mint has occasionally produced platinum American Eagles and regular gold and silver coins. The Royal Canadian Mint, the Chinese central bank, and the Perth Mint in Australia started making platinum coins the following year. However, the RCM ceased issuing platinum coins in 2002 (resuming in 2009), while the Chinese Panda was last minted in platinum in 2005. In 2010, the Perth Mint stopped producing platinum Koala coins.

Why are there production pauses? After the Austrian Mint introduced a new 1-ounce Philharmonic coin in 2016, additional platinum coins from the Rand Refinery and the Royal Mint in Wales will be released in 2017 to commemorate the 50th anniversary of South Africa’s first gold Krugerrand. However, manufacturers may have trouble finding additional metal because most platinum is used annually and need help with industrial applications. It is also difficult to rely on private investor demand for coins and small bars.

Problems with Physical Platinum Investing

Platinum is a rare investment option, and thus demand bars and coins can vary widely. Due to this, refineries and mints are hesitant to keep huge stockpiles, and retailers may be hesitant to buy back items they have already sold. Small platinum bars are frequently chosen by investors who wish to save money compared to more expensive coins. However, they also frequently prefer brand-new merchandise still wrapped in original packaging. Because of this, when these used bars are sold again, they are frequently remelted as “scrap” and added to new wholesale bars. The price paid to the dealer is reduced due to that process, which also reduces the amount the dealer can quote you to repurchase a platinum bar.

Due to this, platinum is now challenging to acquire and sell as an investment, and the irregular and occasionally unpredictable quantities of newly mined metal further restrict availability. About 70% of total production comes from South Africa, where labor and energy problems have frequently affected production over the past ten years. For anyone at the other end purchasing retail investment goods, this uncertainty at the top of the supply chain might make platinum prices more volatile and widen the spread between prices to purchase and prices to sell.

On platinum bars under 1 kilogram (32 ounces), dealing margins in the US typically range from 5% to higher, whereas in Germany, the UK, and Switzerland, they can reach 10% or more. If you purchase platinum outside a professional wholesale market and take possession for home storage, you must also pay the applicable VAT sales tax there. This increases the amount of sunk costs in Switzerland by an additional 7.6%, which increases to a 19% surcharge in Germany and a 20% surcharge in the UK when sold.

Due to this, it has been challenging for private persons to trade investment platinum in Europe efficiently or without paying VAT. But there is an alternative.

Final Thought – Best Platinum Investment Companies

After careful investigation, it is evident that the top platinum investment firms have several characteristics that distinguish them from their rivals. These businesses have an excellent track record and have repeatedly outperformed the competition. They also have a solid financial foundation and a group of knowledgeable professionals familiar with the specifics of the platinum sector.