Platinum has long been used as an investment tool alongside other precious and rare metals like gold, silver and palladium. Thanks to difficulty in mining, scarcity of the ore and its many applications in industry it is a highly sought after material, and so it remains a very valuable proposition for investors that can only improve in the long run. Many industries rely on platinum, some more surprising than others if you consider its use in chemotherapy and drugs for cancer treatments. As the supply dwindles and the demand grows, with many new industries utilizing its properties, platinum is a product that already sees high peaks and low troughs and this is likely to continue. Most of the world’s supply originates in South Africa with these mines accounting for around 80% of the total supply; the rest comes from Russia, Canada and the USA, with Russia providing the lion’s share after South Africa. The astute investor that is able to buy and sell at the right times will find products like platinum bars to be a valuable asset in their portfolio.
Here at Golden Eagle Coins we are privileged to be able to say that we are the largest dealer in coins and bullion in the Washington D.C. metro area, something we have achieved through close relationships with the major international sellers and a good network of dealers nationwide. Buying platinum bars through ourselves should give you confidence that the product and service you will receive is as good as it can be, indeed we carry an A+ rating with the Better Business Bureau and have been trading on eBay since 1998 and boast an almost 100% positive rating with more than 26,000 feedback. If you are new to investing in precious metals or collecting them, then please do utilize our ‘Guide to Investing in Precious Metals’ where you will find sound advice from our experienced staff.