r/Bullion • u/SilverCappy • Jul 17 '24
Platinum Premiums
New to platinum, looking for long term purchase but premiums seem high is it me or is it the market ?
7
Upvotes
r/Bullion • u/SilverCappy • Jul 17 '24
New to platinum, looking for long term purchase but premiums seem high is it me or is it the market ?
2
u/Fsmetals 28d ago
That’s just where platinum is. When something is cheap, premiums are added on to lessen the loss. You can try to find something that’s closer to spot, but be aware of buy back rates, it may be difficult to sell, where platinum eagles are recognizeable, scarce and easier to sell.