Buy platinum
Are you looking for a reliable way to buy physical platinum? GoldRepublic offers you maximum security, quality and transparency. You invest directly in Good Delivery platinum bars from PGM-certified smelters, without the intervention of exchanges or ETFs. Your platinum is stored securely and VAT-free in heavily secured vaults in Zurich.
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Buy platinum at GoldRepublic
GoldRepublic guarantees you full legal ownership of physical platinum. Your assets are stored in highly secure vaults in Switzerland.
Because your platinum is stored in customs warehouses in Switzerland, you do not have to pay VAT on your platinum purchases. This gives you a significant financial advantage.
Your platinum always remains your private property, separate from banks and brokers. Would you like to cash in your position? Thanks to the buy-back guarantee, you can sell your platinum to GoldRepublic at the current platinum price at any time.
Why buy platinum?
- Rare precious metal: Platinum is scarcer than gold or silver and is mined on average 30 times less than gold per year.
- Corrosion resistant: Thanks to its high resistance to oxidation or corrosion, platinum is extremely suitable for high-tech applications.
- Industrial applications: A large part of the global demand for platinum comes from applications in catalytic converters for cars, in the medical sector (implants), electronics and hydrogen technology.
- Alternative to gold: Platinum is not only an investment for your portfolio, but also a popular precious metal for luxury jewellery.
- Physical ownership: You are the 100% owner of real platinum, not paper claims such as ETFs.
Buy platinum or gold?
Are you unsure whether to buy platinum or gold? The table below clearly shows the most important characteristics of both precious metals. This makes it easy to see the differences and decide which precious metal best suits your situation.
| Characteristic | Platinum | Gold |
|---|---|---|
| Price/kg | Lower than gold, deposits from £50 possible at GoldRepublic | Higher than platinum, but deposits from £50 also possible via GoldRepublic |
| Availability/scarcity | Very scarce, less production than gold | Widely available, largest precious metals market |
| Protection against inflation | Yes, but less pronounced track record than gold | Very strong reputation as protection in times of inflation |
| Applications | Mainly industrial (cars, medical sector) and for jewellery | Mainly as an investment and for jewellery, limited industrial demand |
| Price volatility | Higher: price fluctuates more strongly due to industrial supply and demand | Lower: relatively stable, fewer fluctuations |
| Status as an investment | Emerging, more niche; often as diversification or alternative to gold | Traditional safe haven; globally recognised |
| Protection against inflation | Yes, but less pronounced track record than gold | Very strong reputation as an inflation hedge |
| Physical ownership possible | Yes, via bars and storage with reliable parties | Yes, bars, coins and via various providers |
| VAT (Netherlands) | Normally 21%, but exempt from VAT via GoldRepublic, due to storage in customs warehouses in Switzerland | Exempt from VAT in the Netherlands and throughout the European Union |
| Diversification potential | High, especially for investors who already own gold | Very common precious metal for diversifying investment portfolios |
| Hallmark/quality standard | LBMA/Good Delivery (99.5% purity) | LBMA/Good Delivery (99.99% purity possible) |
Platinum bars from LBMA (London Bullion Market Association) certified refineries
GoldRepublic only works with internationally recognised producers of platinum bars with Good Delivery status. Each bar has a minimum purity of 99.5% and a unique serial number and goes directly from the smelter to the vault. Independent audits guarantee that the quantity and purity of your platinum always correspond to your holdings. Your investment is globally tradable and meets the strictest quality standards.
GoldRepublic provides a buy-back guarantee allowing you to easily sell your platinum at any time. Another option is that after you buy platinum, you can have it physically delivered to you. This way GoldRepublic offers you the ideal combination of the safety of physical platinum and the flexibility of online trading.
Insured and secure storage for platinum
You do not need to physically take possession of the platinum bars you purchase through GoldRepublic. The bars remain your legal property, but are stored securely and insured in high-security vaults in Zurich (Switzerland).
The GoldRepublic website provides you with daily insight into the bar lists of these custodians, including the bar numbers of the bars stored in the vaults and the total amount of platinum held by all customers combined. You will receive a daily email with your proof of ownership and current bar number(s).
Thanks to annual independent audits, you are guaranteed the presence of your platinum. These audits confirm that the platinum you have purchased is actually in the vaults and that GoldRepublic's records are complete and accurate. You can view these audit reports yourself on our website.
Your platinum is insured against loss, damage and theft. You do not have to pay extra for this; the insurance is already included in the storage costs you pay each month.
Frequently asked questions
What is the difference between platinum and palladium?
Both are precious metals that come from LBMA (London Bullion Market Association) certified refiners and are used for automotive and industrial catalysts. Platinum has a higher density, is rarer and has a wider range of applications, including jewellery and medical instruments. Palladium is subject to greater price volatility due to more erratic global production.
How scarce is platinum?
Approximately 180 tonnes of platinum are mined worldwide each year, compared to over 3,500 tonnes of gold and 25,000 tonnes of silver. Platinum reserves are highly concentrated in South Africa and Russia, which means there are supply risks.
How does the buy-back guarantee work for platinum?
You can easily sell your platinum back to GoldRepublic via your account at the current platinum price. The settlement is fast, transparent and without hidden costs.
Is platinum exempt from VAT?
Normally, you pay 21% VAT on the purchase of platinum. However, because your platinum is stored in Switzerland via GoldRepublic, you do not pay VAT on your platinum purchase.
How do I declare platinum on my tax return?
Physical platinum falls under 'other assets' (box 3) and must be declared at the value applicable on 1 January of the year for which you are filing your tax return.
Can I store platinum myself?
Physical delivery is possible, but 21% VAT will still be payable due to import into the United Kingdom
What are the costs?
You pay the purchase price plus a small spread, annual storage and insurance costs. Storage costs include insurance.
What is platinum used for?
In addition to investment and jewellery, platinum is widely used in catalytic converters for cars, hydrogen technology, precision engineering and medical devices.
Do you have any other questions? Also check out our FAQ-page
Click here for more information about risks of investing in precious metals at GoldRepublic.
