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 10 troy ounce Credit Suisse platinum bars are 311 grams of .9995 pure platinum and guaranteed by the world renowned Credit Suisse Bank of Switzerland. Platinum spot price quotes normally refer to a troy ounce.
Each bar is stamped with its exact weight and purity, and bears the Credit Suisse logo, an internationally recognized symbol of quality and sound provenance. The ten troy ounce Credit Suisse platinum bar is conveniently sized. Each bar is encased and sealed in soft plastic sleeves and has its unique serial number etched on it.
Points computation: 1 bar = 100.00 points
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Fixed Storage Fee
|6 months||34.54 USD *|
|12 months||69.09 USD *|
|24 months||138.17 USD *|
|36 months||207.26 USD *|
|60 months||345.43 USD *|
|Item||Cost Per Bar|
|Transfer-in and testing||10.52 USD|
* Stored in multiples of 1 bar and can be collateralized. Any unused storage will be refunded upon sellback or delivery.