Product Details

Degussa Minted

Degussa Platinum Bar - 100 gram

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 an 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's production.

Pricing Details:

Points computation: 1 bar = 32.20 points

Tier
Points required
Price
(SGD)
Price/Gram
(SGD)
Price/oz
(SGD)
Percentage
Over Spot(ASK PRICE)
Buy/Sell
Spread
1
-
4,412.23
44.122
1,372.36
8.25%
12.57%
3
3000.00
4,399.62
43.996
1,368.43
7.94%
12.32%
5
10000.00
4,387.01
43.870
1,364.51
7.63%
12.07%

Unlock capital from your bullion with our Secured P2P Loans

  • Use this product as collateral to borrow 50.0% (2,016.98 SGD) of its value
  • Current best rates for borrowing
    • 1 month loan at only 4.8% per annum (Interest: 7.98 SGD)
    • 6-month loans at only 5.0% per annum (Interest: 50.42 SGD)
    • 12-month loans at only 4.5% per annum (Interest: 90.76 SGD)
    • 24-month loans at only 5.5% per annum (Interest: 221.87 SGD)


Storage Fees

Duration Fixed Storage Fee
Per Parcel
6 months 15.8423 SGD
12 months 31.6846 SGD
24 months 63.3691 SGD
36 months 95.0537 SGD
60 months 158.4228 SGD

Other Services:

Item Cost Per Bar
Transfer-in and testing 19.00 SGD

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

Tier Discount

Past purchases: points
Shopping cart: points
Total: points

Get permanent tier discounts
by buying oz of gold/platinum
or oz of silver!

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