Selling platinum via GoldRepublic

Have you purchased platinum through GoldRepublic? Then you can sell it back to us safely and easily at any time.

There may be various reasons why you want to sell your platinum. Perhaps you want to take profit after an increase in the platinum price. Or you expect the platinum price to fall in the short term and want to temporarily free up liquidity. It may also be that you want to adjust the composition of your portfolio and, for example, switch partially to gold or silver.

Whatever your reason, at GoldRepublic you always benefit from a buy-back guarantee on the platinum you have purchased through us.

Always a buyback guarantee on platinum purchased through GoldRepublic

Sell directly at the current international platinum price

No hidden costs: you know exactly how much you will receive in advance

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How does selling silver to GoldRepublic work?

At GoldRepublic, selling platinum is easy and completely transparent. Thanks to our buyback guarantee, you can sell the platinum you purchased from us at any time at the current platinum price.

Step 01

Step 02

Select the amount of gold you want to sell.

Step 03

Confirm the sale at the current price.

Step 04

After the transaction, you can deposit the amount into your account.

Different types of sales orders

When you sell platinum through GoldRepublic, you can choose from different types of sell orders:

Market order:
With a market order, you sell your platinum immediately at the current market price. The transaction is executed immediately at the best available price at that moment. This is the fastest way to sell your platinum.
Limit order:
With a limit order, you determine the minimum price at which you want to sell. The sale only takes place once the platinum price reaches or exceeds the limit you have set. This allows you to retain complete control over when you sell.
Amount-based order:
You can also place an order based on a desired amount of money. Our platform automatically calculates how much platinum needs to be sold to achieve this, based on the current platinum price.
Order based on bar volume:
Do you want to sell a specific number of platinum bars or an exact weight? Then simply choose an order based on volume.

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Kosten platina verkopen

Are you selling your platinum back to GoldRepublic? Then you will receive the current platinum bid price, which is slightly lower than the market price.

You pay a 1% transaction fee on the sale of your platinum. This amount is automatically deducted, after which the remaining amount is credited to your GoldRepublic account. You can reinvest this in other precious metals or have it paid out directly to your bank account.

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What people say about us.

How is the selling price of platinum determined?

The selling price of platinum continuously follows the international platinum market. This fluctuates with supply and demand, which are strongly influenced by industrial and economic developments. At GoldRepublic, we always use completely transparent pricing, so that you receive a fair and current price.

As with gold and silver, there is a difference between the purchase price and the selling price of platinum; this is known as the spread. This is caused by:

The margin between purchase and selling prices
The price risk that occurs between the time of purchase and sale. This is due to the price that smelters offer for the repurchase of platinum.

As a result, you receive slightly less than the current price when you sell, and you pay slightly more when you buy.

Have you purchased gold and/or silver through GoldRepublic in addition to gold? The buyback guarantee also applies to the sale of gold and sale of silver, provided that you purchased these precious metals through GoldRepublic.

Frequently asked questions

What is the difference between platinum and palladium?

Both are precious metals from the Platinum Group Metals (PGM) and are used for automotive and industrial catalysts. Platinum has a higher density, is rare 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 creates 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.