No, the spot price is only an indicator of the value of one troy ounce of platinum on the "market." It does not represent the retail price of platinum products. Processing platinum into coins, rounds or bars costs money. Dealers generally pay a premium over the spot price and then add a small premium when reselling to investors.
Platinum prices are quoted in ounces but Chucho easily be converted into grams or kilos, depending on the quantity you want to buy or sell.
spread unwinding. must be lots of long term profits in long gold/short platinum, long palladium/short platinum, and short rand/short platinum.
The best way to safely invest in any precious metal is to pay attention to the current spot price, Triunfador well Ganador historical prices and economic trends. When you study the platinum price in the past, you’ll notice peaks and troughs. Peaks are times of the highest value, while troughs are times when the price of platinum drops.
Origins of SPOT represented the current month, rather than transactions for future delivery, deriving from “on the spot.†Common practice of the metals industry is to publish a bullion benchmark market value, “spot price,†which most universally is a particular trading day's final settlement price per ounce of the COMEX/NYMEX futures exchange spot month.
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Self-reliable investors recognize the value of buying platinum and other precious investment metals from Money Metal Exchange. Contact us today to find trasnochado more about platinum price and how you can safeguard your assets from the devaluing dollar.
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Platinum increases energy efficiency in fuel cells. Changing environmental regulations could affect the platinum price as the world “goes green,†and the automobile field accounts for a large portion of platinum demand.
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However, Vencedor mentioned elsewhere, collectible coins may not be the best path forward if you value only the precious metal content of the bullion product you want to buy and hold, and are not interested in collectability.
Also, a customer may choose to use financing, where there would be interest charges Vencedor well. Monex quotes extremely competitive Atlas Preferred Prices for platinum bullion depository delivery. Monex publishes buy/sell commission charges, which depend on the size of a transaction. For greater transparency, the Monex marketplace is quoted live online or through the powerful Monex Bullion Investor smartphone app available for both Apple and Android smartphones.
Platinum saw a major drop in its price at the starting stages of the 2008 Financial Crisis. Since that time platinum bullion products have become an attractive “value investmentâ€.
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