Product Details


Platinum’s name is derived from the Spanish term "Platina del Pinto", which is literally translated into "little silver of the Pinto river". Platinum is one of the rarest elements found in the Earth's crust with annual production of around 30 metric tons (vs. ~2,500 tons for gold and ~ 23,000 tons for silver). Mining is very geographically concentrated as South Africa accounts for over 80% of the world production.

The 500 gram Argor-Heraeus minted platinum bars is .9995 pure platinum and is guaranteed by the Argor-Heraeus.

Each bar is stamped with its exact weight and purity, and bears the Argor-Heraeus logo, an internationally recognized symbol of quality and sound provenance. The 500 gram platinum bar is one of the biggest sized platinum bar products in the market, thus premiums are one of the lowest. Each bar is encased and sealed in soft plastic sleeves.


Pricing Details:

Points computation: 1 bar = 160.80 points

Tier
Points required
Price
(USD)
Price/Gram
(USD)
Price/oz
(USD)
Percentage
Over Spot(ASK PRICE)
Buy/Sell
Spread
1
-
15,641.34
31.283
973.00
7.75%
11.82%
3
3000.00
15,593.11
31.186
970.00
7.42%
11.55%
5
10000.00
15,544.89
31.090
967.00
7.09%
11.27%

Unlock capital from your bullion with our Secured P2P Loans

  • Use this product as collateral to borrow 50.0% (7,258.03 USD) of its value
  • Current best rates for borrowing
    • 1 month loan at only 2.8% per annum (Interest: 16.63 USD)
    • 6-month loans at only 3.0% per annum (Interest: 108.87 USD)
    • 12-month loans at only 3.8% per annum (Interest: 272.18 USD)
    • 24-month loans at only 4.0% per annum (Interest: 580.64 USD)


Storage Fees

Duration Fixed Storage Fee
Per Bar
6 months 58.05 USD *
12 months 116.09 USD *
24 months 232.19 USD *
36 months 348.28 USD *
60 months 580.47 USD *

Other Services:

Item Cost Per Bar
Transfer-in and testing 17.59 USD

* Stored in multiples of 1 bar and can be collateralized. Any unused storage will be refunded upon sellback or delivery.