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Can I buy platinum anywhere minus vat


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On 03/04/2024 at 01:42, coinspinner said:

can I buy platinum anywhere  minus VAT ?

ETF?

"It might make sense just to get some in case it catches on"  - Satoshi Nakamoto 2009

"Its going to Zero" - Peter Schiff 2013

"$1,000,000,000 by 2050"  - Fidelity 2024

 

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Not in the UK unless it remains vaulted unfortunately.
Another problem with Pt is the margin which I don't fully understand but it's down to supply and demand.
When Pt is relatively cheap there is very little around to purchase.
Considering that Pt historically was more precious than gold ( and higher priced ) you would expect margins to be similar to gold, or perhaps a little bit more, but not as high as they tend to be. Having said that people will still purchase Pt with its high margin and VAT included ( me being one ) and you would only loose out big time selling to the trade.

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  • 2 weeks later...
On 04/04/2024 at 02:41, ArgentSmith said:

ETF?

I agree that is the only way to go with platinum. Even then, only if you think the price will significantly rise. I don’t see it ever getting back to the old highs. 

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