With GoldRepublic's Platinum Savings Plan, you can periodically build up a growing stock of physical platinum. You determine the frequency (weekly, fortnightly or monthly) and your deposit (from £50 per transaction), and we arrange for the secure storage of your platinum. This allows you to save step by step in this scarce and valuable precious metal, without having to worry about it yourself.
With the platinum savings plan, you automatically save a fixed amount in physical platinum. This allows you to buy platinum periodically without having to worry about it. This is possible from as little as £50 per transaction (or from 1 gram, depending on the current price).
Spread and protection:
Platinum offers excellent diversification of your portfolio, with its own price developments and scarcity.
Physical security:
You periodically save tangible platinum in your own name, under external control and insurance.
Peace of mind through automatic saving:
Periodic saving prevents emotional entry and exit moments and you automatically benefit from average purchase prices.
Immediate liquidity:
You can sell your saved platinum (part or all of your stock) at any time and transfer the amount paid out back to your account.
Accessible investment in platinum:
With a starting amount of £50 per transaction, investing in platinum is very accessible. In addition to saving in platinum, you can also save in other precious metals at GoldRepublic. Take a look at our gold savings plan and silver savings plan, for example.
Storage costs 1% (excluding VAT) per year (billed monthly), based on the value of your platinum position. When you sell your platinum, you pay 1% transaction costs. The handling costs for platinum are £8 per kilo. You do not pay VAT.
Would you like to know more about GoldRepublic's rates? View our cost overview here.
With the savings plan, you only pay 0.5% transaction costs when purchasing platinum. This is half the price of buying platinum manually and/or on a one-off basis through GoldRepublic.
Buying gold can be a wise choice, especially in times of economic uncertainty or inflation. Historically, gold has retained its value well and offers protection against declining currency purchasing power. In addition, physical gold is a tangible asset that you can keep outside the financial system...
At GoldRepublic, you can buy whole gold bars or become a co-owner of a bar. If you become a co-owner, you pay NO bar reservation fees and you may be allocated anew bar every day. Legally, this makes no difference. You are still the(co-)owner of physical gold. The gold is delivered to you. You still know which bar you own (based on the bar number). Only in the event that, due to extreme circumstances, GoldRepublic is no longer able to provide its services, will you have to agree with the co-owners on what to do with the bar (sell or melt it down). If you reserve your own bar, this is not the case.
Yes, investment gold is exempt from VAT in the United Kingdom and throughout the European Union. This exemption applies to gold bars with a purity of at least99.5% (24 carats). All gold bars you purchase through GoldRepublic must meet these conditions and are therefore exempt from VAT.
In the Netherlands, you must declare physical gold that you own as assets in box 3 of your tax return. The reference date used for this is 1 January of the tax year for which you are filing your return. This means you declare the value of your gold on 1 January, based on the gold price on that day. However, always check with your tax adviser to see what applies to your personal situation.
Open an account for free and discover how easy it is to trade physical bullion with GoldRepublic
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