First platinum purchase. 5g bar

[Rudy]

I understand buying the full oz. Is the best to reduce the premium. All I could afford was a fractional bar. Instead of a 1g or 2.5g I purchased a 5g. Was it worth it? What is the smallest bar choice in which the premiums start to cool down. I hope I made the right choice with the 5g. Bar

Spot at purchase was $31.38 a gram

I paid $207 for the 5 gram bar from APMEX on a cyber Monday sale 

Premium was apprx $10.00 on each gram

Edited November 29, 2022 by Rudy
Add what I paid for bar

[modofantasma]

3 hours ago, Rudy said:

Was it worth it?

Hello. It might help people give you a better answer if you mention what premium you paid (or the price and date so people can work it out) 

I personally haven't bought any Pt but there are numerous members that have.

In terms of did you make a good choice, it depends what the future price is when you come to sell 👌🏽

[James32]

10 hours ago, Rudy said:

I understand buying the full oz. Is the best to reduce the premium. All I could afford was a fractional bar. Instead of a 1g or 2.5g I purchased a 5g. Was it worth it? What is the smallest bar choice in which the premiums start to cool down. I hope I made the right choice with the 5g. Bar

Spot at purchase was $31.38 a gram

I paid $207 for the 5 gram bar from APMEX on a cyber Monday sale 

Premium was apprx $10.00 on each gram

Hi rudy.

We pay vat in the UK on platinum so its not apple's for apple's unfortunately. 

Here's how I'd view it in your shoe's ( assuming you wear shoe's 😆)

$207 ÷ 5 = $41.40

In GBP that equates to £34.61 so that's an OK premium for us ( remember we pay vat) but seems on the high side for you.

Best sticking to 1oz coins/bars to bring the premium down ( save up for next items) obviously you need spot to sit still for this to be beneficial though.

Example, I can get a 1oz coin now in UK at approximately £1000 , so that's $1196 ÷ 31.1g = €38.40 per gram ( but in the US that should be substantially less with no vat to pay)