Gold is cheaper than platinum because it is
Vault vaults usually impose high minimum monthly costs, so you need to have about 15 bars of 400 oz, whose approximate value is , to make it economical to open an account in your own name.
You will benefit from the same low professional market costs for the purchase and custody of the metal and will be a participant in the most liquid private gold, silver and platinum fund available today.
Through the spread on currency trading, most banks, gold dealers and brokers (for gold ETFs) typically charge hidden currency exchange fees of 1.5 to 3% to buyers who do not trade in US dollars.
We do not offer advice on tax issues and therefore it is best to contact the institution in charge of the matter in your country to find out how you should declare an investment in metal or capital gains realized after its sale.
Yes, you can. Most customers choose to keep their metal safely in vaults. After a sale, you will withdraw the money back into your bank account. But you can withdraw the metal at any time. Fees vary depending on the circumstances:GoldSilverThe cost to withdraw silver is 10% of its value and only whole bars of 1,000 troy ounces can be withdrawn.PlatinumWe only accept the shipment of whole kilos of platinum and palladium. The fee is 10%. By withdrawing gold, silver, platinum and palladium the customer accepts the possibility of being liable to pay tax on the metals which otherwise would not be payable; such as VAT on silver or platinum which is currently 20% in the UK.
Platinum and gold combined
The surveillance and control over the manufacture, commercialization and traffic of objects made with precious metals in our country is regulated by the Decree of January 29, 1934, partially modified by the Decree of August 29, 1935 and by the Order of February 17, 1936, without any provision having been promulgated subsequently which basically affects the previous legislation.
After almost half a century has elapsed without any new regulations having been issued to update the aforementioned, it is evident that there is a need to modify, to a large extent, the criteria that were effective in circumstances of volume of transactions and international trade that were very different from those of today. The need for an in-depth reform of the regulations in force stems, on the one hand, from the very uses enshrined by practice in the transactions of precious metal objects within the country, which require an adequate regulation for the due defense of the consumer, in accordance with article 51.1 of our Constitution, and on the other hand, from the need to bring our regulations closer to those in force in the countries and supranational entities with which our trade in precious metals is of greater importance.
Gold and platinum
Platinum currently trades at around $850 per ounce, a far cry from the $1,307 for gold and a long way from the $1,585 that palladium fetches. Its main applications are jewelry (platinum jewelry is becoming increasingly fashionable) and industry, mainly the automotive industry.
As for its origin, the World Platinum Investment Council (WPIC) explains that it is a metal 30 times rarer than gold, which occurs in very low concentrations in the earth’s crust.
There are only four countries in the world with platinum mining operations of any significance. Annual world production is around 6 million ounces (190 tons), which is very small compared to, for example, the 108 million ounces of gold (3,300 tons) or the 860 million ounces of silver (26,000 tons).
In addition to its rarity, WPIC points out that access to the metal is very complicated. It is estimated that around 70% of the world’s annual mining production is obtained from the surface. In contrast, platinum reserves are usually found at greater depths.
Platinum 950 price
Did you know that silver and platinum are two of the most valuable metals in the world? For this reason, both when buying gold and when buying a piece of one of these two other materials, it is logical that the buyer wants to make sure that they are authentic pieces. Next, we are going to see what is the difference between platinum and silver in order to distinguish between these two metals.
Currently the gold and silver bullion market is closed, so we cannot sell bullion, but if you wish you can buy gold or silver coins. Bullion purchases will be available within hours. Thank you very much.