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 1 troy ounce PAMP Suisse platinum bars are 31.1 grams of .9995 pure platinum and guaranteed by the world renowned PAMP Suisse 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 PAMP Suisse logo, an internationally recognized symbol of quality and sound provenance. The one troy ounce PAMP 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.


Pricing Details:

Points computation: 1 bar = 10.00 points

Tier
Points required
Price
(USD)
Price/Gram
(USD)
Price/oz
(USD)
Percentage
Over Spot(ASK PRICE)
Buy/Sell
Spread
1
-
952.00
30.608
952.00
11.74%
14.18%
3
3000.00
949.00
30.511
949.00
11.38%
13.91%
5
10000.00
946.00
30.415
946.00
11.03%
13.64%

Unlock capital from your bullion with our Secured P2P Loans

  • Use this product as collateral to borrow 50.0% (426.00 USD) of its value
  • Current best rates for borrowing
    • 1 month loan at only 2.3% per annum (Interest: 0.80 USD)
    • 6-month loans at only 3.0% per annum (Interest: 6.39 USD)
    • 12-month loans at only 3.0% per annum (Interest: 12.78 USD)
    • 24-month loans at only 4.0% per annum (Interest: 34.08 USD)


Storage Fees

Duration Fixed Storage Fee
Per Bar
Fixed Storage Fee
Per Parcel
6 months 3.57 USD * 35.72 USD
12 months 7.14 USD * 71.44 USD
24 months 14.29 USD * 142.89 USD
36 months 21.43 USD * 214.33 USD
60 months 35.72 USD * 357.22 USD

* Stored in multiples of 10 bars and can be collateralized. Any unused storage will be refunded upon sellback or delivery.