If you are interested in purchasing platinum bars, it more or less goes without saying that making a purchase online trumps just about any other avenue of buying the metal. Not only does buying precious metals such as platinum online make it possible for you to make massive investments without ever leaving the house, it also saves you large amounts of money in comparison to buying from a local dealer.
The purpose of this article is to explain to you the benefits of buying platinum bars online as well as point you in the direction of a reputable site or two.
Credit Card Purchases
Perhaps the most popular way to purchase platinum online is by paying with a credit or debit card. Just like you can use your credit card when you buy sporting equipment or electronics online, precious metals like platinum purchase work the same way.
It is understandable that you may have some reservations as far as the safety of your credit card information is concerned, but the reality is that so long as you buy from a reputable dealer you have nothing to worry about. Any site that is worth going to will ensure the safety of your credit information and any other pertinent, private information from the second you make a purchase to the minute it arrives at your house.
Believe it or not, it is a common misconception that if you buy precious metals online you MUST pay via check or bank wire, but nothing could be further from the truth. While some sites do only offer check or bank wire payment options, most sites nowadays give you the option to use credit or debit cards as well. By paying with a credit card you can be rest-assured that your transaction will happen faster than a check while requiring you to jump through fewer hoops than when paying via bank wire.
Another benefit behind buying platinum bars online is that you do not have to deal with the existence of sales tax. In the United States and just about any other country in the world there are sales taxes attached to any and all purchases apart from basic necessities. When buying things online, however, sales tax does not exist. This may not seem like a big deal but the fact that sales tax doesn’t exist online means you stand the chance to save quite a hefty sum of money when buying platinum.
For example, if you were to make a purchase of platinum that totaled $30,000 from a local, brick and mortar store in an area with a 7% sales tax your total amount owed would be far more than just $30,000. In fact, the total amount you would pay for a hypothetical purchase such as this is closer to $32,100. That is an unnecessary increase of $2,100. A similar hypothetical purchase online would see you be charged the original $30,000 and nothing more (barring any unprecedented fees or surcharges).