Platinum Bullion FAQs

Platinum – what’s the history?

Platinum has been found on ancient artefacts dating back over two thousand years, including the famous Casket of Thebes that dates back seven centuries BC. By the mid-16th century, we find the first written reference to platinum by Italian physician Julius Scaliger. Fast forward to the 18th century, and we find a number of scientists exploring the mysterious properties of this metal. In 1741, British scientist Charles Wood was investigating the properties of the metal, whilst Antonio de Ulloa published his observations of the metal in 1848. It wasn’t long before Platinum was recognised as a metal, alongside iron, copper, silver, tin, gold, mercury and lead.

What is platinum bullion?

Bullion is a precious metal, such as platinum, gold, silver, that has been measured by weight and is cast as bars or coins, in most cases. Bullion is precious metal officially recognised as being at least 99.5% pure. However, in the case of our Umicore platinum bars, these have a more impressive fineness of 999.5 purity and come with a certificate of authentication so that you can be assured of their quality.

Platinum bullion was first produced in Japan in 1975, in the aftermath of the Arab oil embargo and the breakdown of the Bretton-woods agreement, which had seen the value of currencies linked to the price of gold. The platinum bars weighed just 5 or 10 grams, making them an attainable investment for all investors. However, Platinum grew in popularity in the late 1970’s and early 80’s; and it wasn’t long before a much wider range of platinum bullion bars were available to investors worldwide.

How to buy platinum bars?

Platinum bullion is a tangible physical commodity or a ‘hard asset’ which is crucial to strengthening your investment portfolio and giving it diversity. Platinum, like other precious metals, will help protect your portfolio against the uncertainties of the stock market. As a resource, Platinum is in high demand, utilised as it is in a number of industrial processes.

Rarer than both gold and silver, there is a finite supply of this precious commodity. Moreover, platinum bullion is traded around the world; so you’re not confined to one country in which to sell your investment or to purchase more. If you want to buy platinum bullion, buy platinum bars for the most cost-effective price per ounce. At London Gold Bullion, we offer platinum bullion in a range of weights for you to choose from 10 gram right up to 1kg and several sizes in-between, We offer free UK delivery that is insured and secure.

Why Buy Platinum bars?

Platinum is a physical commodity for which there is a huge demand today, due to its many industrial, technological and medical uses, but it is also one of the earth’s most rare materials. In fact, it’s so rare that it has been claimed that you could fit all of the platinum ever mined in your bedroom. Whatever the truth of this claim, it is certain that platinum is rarer than both silver and gold. It’s this mixture of scarcity and demand which makes platinum such a good investment today.

At times of economic uncertainty, it is also true that precious metals tend to hold their value and often rise in value when other investments are fast falling in value. That’s why investing in precious metals, like platinum, is a proven way to diversify your investment portfolio and hedge against the uncertainties of the stock market – giving you a greater range of investments on which to draw.

Why is platinum sought after?

Platinum is sought after due to its scarcity and its innate qualities that mark it out from other precious metals. Platinum is both a ‘noble’ and a ‘transition’ metal, meaning it is stable, strong and a catalyst for other chemical processes. It’s these innate properties which mean platinum is in huge demand across a variety of industries today.

Platinum uses in electronics?

Platinum is also malleable (easy to work) and ductile, so it can be drawn into a long wire, giving it lots of application in the electronics industry. In the latter, platinum is incorporated in computer hard disks and mobile phones; used in sparks plugs, electrical contacts and electrodes; and in thermocouples.

Where can I buy Platinum Bullion?

You can buy platinum bars direct from us, through a recognised refinery or through an authorised dealers like us with direct links to those refineries. Just be sure to check out their credentials before you invest. View all of our brands that we retail across all of our precious metals.

How is platinum used in industry?

As one of the ‘transition metal’ of the periodic table, Platinum has the ability to speed up chemical processes, without itself changing in the process, making it a particularly stable metal. It’s this chemical ability that makes platinum integral to a number of industrial processes, in the automotive industry, for instance; platinum is used in catalytic converters to convert harmful pollutants in less harmful emissions. Look to the chemical industry, and you’ll find Platinum utilised as a catalyst for the production of nitric acid, silicone and benzene.

Is platinum a flexible investment?

Platinum is a flexible investment as bars of this precious metal are available in a range of weights from 10 gram through to 20, 50, 100 and 500 gram options, in fact, there is even a weighty 1 kg bar available for purchase. As with all precious metal bars, there is also a 1oz option available, which is always a popular choice with investors. The range of weights available means you can invest as little or as much as you like, and you always have the opportunity to turn your investment back into cash. Each of these platinum bars comes with a certificate of authenticity and a unique serial number so you can be assured of their quality.

Uses of Platinum in medicine?

Platinum is also extremely durable, resistant to wear and corrosion, meaning it has also been identified as a ‘noble metal’. In fact, so resistant to corrosion is platinum that pre-Columbian artefacts from Northern Ecuador have been found which are neither tarnished or corroded. Today, these properties make platinum useful in some medical applications including pacemakers, as well as surgical and laboratory equipment. In fact, compounds that contain platinum are also used in a number of chemotherapy treatments

Where do we source platinum?

Our precious metal bars come from leading refineries around the world. When it comes to our platinum bars, more often than not, these are sourced from Umicore, a leading European refinery with a heritage that dates back over 200 years. Umicore melds their skills and expertise built up over two centuries, with innovative techniques, which enable them to create some of the world’s finest precious metal bullion. That’s why we are proud to offer their platinum bullion bars.

How can I pay for my platinum?

We offer a range of ways for you to pay for your platinum bars, including debit and credit cards, bank transfers and via PayPal. There is no charge for using your debit card. Credit cards are subject to a 2.5% surcharge, which will be applied at the checkout. Please note, for security reasons we are unable to take payments over the phone.

What is platinum bullion worth?

The value of platinum bullion will depend on a number of factors including the purity and weight of the bar, plus the market value at that particular point in time. The latter is affected by a range of factors such as economic and political stability, as well as commercial need, with platinum in particularly high demand in the automotive and computer industry. All investment grade precious metal is 99.5% fine, but our platinum bars are even finer, with a purity of 999.5% - making them an investment of distinction.

How should I store my platinum?

When you invest in platinum bullion or any other precious metal, it is important that you store it securely. We strongly recommend keeping your platinum bars in a vault, if not; you will need to ensure you have suitable high-security storage in your home and the right insurance in place.

We can store your platinum bullion for you for free for up to 6 months from the date of purchase, in our fully secured vault at the Sheffield Assay Office – an organisation of over 240 years standing - thus giving you peace of mind, if you don’t have appropriate storage facilities at home or elsewhere. While your platinum bullion is secured in a vault at the Sheffield Assay Office, you will receive a certificate of ownership that gives you complete legal entitlement to the precious metal you have purchased. These vaults are audited by Grant Thornton, a leader in the field of financial consulting, so you can be assured of their reliability and soundness.

If you wish to continue storing your platinum at the Assay Office after this period, you will need to make arrangements with the facility before this initial 6 month period ends. London Gold Bullion will not be held responsible for the item(s) after this time or incur any storage charges after the agreed date. We will provide free insured delivery to your home address upon the storage agreement ending. London Gold Bullion will not be held responsible for the item(s) once they have been delivered.

How will my platinum be delivered?

When buying platinum bars from London Gold Bullion, you are guaranteed safe delivery. Your precious metal will always be in safe hands, from the moment it leaves our warehouse to the moment it reaches you. What’s more, our deliveries in the UK are free, however much or how little you invest. When it comes to International delivery costs, these will be calculated for you at the checkout. Moreover, all of our deliveries are insured, so you can be assured your precious metal will arrive safely and discreetly.

We’ll process your order as quickly as possible, and most orders processed before 3 pm Monday to Friday are shipped on the same day using a reputable courier. Orders made after 3pm or at the weekend are usually dispatched on the next working day.

All of our precious metal deliveries including platinum bars will need to be signed for on delivery and can only be delivered to the address registered to the card holder’s / bank account holder’s address. You will be notified by email once your order has been dispatched. You can reach our customer care team on +44 203 409 3350 if you want to find out more.

How can I sell my platinum bullion?

Selling platinum bullion with London Gold Bullion is straightforward; just get in touch with us to discuss the sale, via email, telephone or live chat. Make sure that you have the key information about your platinum bullion, such as its weight, brand, and purity, plus details of how you are currently storing it. These details will allow us to verify your sale as quickly as possible, and to explain how you should send us your precious metal. For platinum that was originally purchased from us, we offer 100% of the spot price on the day we receive your bullion.

Once your Platinum has been appraised by our expert team, we will be in contact to confirm the sale and send your money via a bank transfer or PayPal. Though most platinum bullion is cast in bars, if you have platinum bullion coins, these can sell at a higher rate than their face value, so we will confirm the price with you after we receive your coins. You can contact us at any point during the sales process via telephone or email. For further information, or to request a callback, please contact our friendly team.