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.


Pricing Details:

Points computation: 1 bar = 32.20 points

Tier
Points required
Price
(USD)
Price/Gram
(USD)
Price/oz
(USD)
Percentage
Over Spot(ASK PRICE)
Buy/Sell
Spread
1
-
3,012.52
30.125
937.00
9.33%
13.34%
3
3000.00
3,002.88
30.029
934.00
8.98%
13.06%
5
10000.00
2,993.23
29.932
931.00
8.63%
12.78%

Unlock capital from your bullion with our Secured P2P Loans

  • Use this product as collateral to borrow 50.0% (1,377.56 USD) of its value
  • Current best rates for borrowing
    • 1 month loan at only 2.3% per annum (Interest: 2.58 USD)
    • 6-month loans at only 3.0% per annum (Interest: 20.66 USD)
    • 12-month loans at only 3.0% per annum (Interest: 41.33 USD)
    • 24-month loans at only 4.0% per annum (Interest: 110.20 USD)


Storage Fees

Duration Fixed Storage Fee
Per Bar
6 months 11.50 USD *
12 months 23.00 USD *
24 months 46.01 USD *
36 months 69.01 USD *
60 months 115.02 USD *

Other Services:

Item Cost Per Bar
Transfer-in and testing 3.63 USD

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