Growth in platinum bullion
Prestige Bullion adds South Africa to a growing number of countries from around the world that have introduced platinum products over the last few years. The Royal Mint and the Austrian Mint now produce platinum bullion coins: the former as part of its Britannia and Queen’s Beasts collections and the latter through its platinum Vienna Philharmonic series.
This year sees even more choice for investors, as The Royal Mint has added a platinum Falcon to its Queen’s Beasts series and the Perth Mint has introduced the first-ever platinum proof coin as part of its Australian Lunar series III. Platinum bars and coins have been a consistent platinum demand source, averaging over 300 koz each year since 2015. As well as accessibility and liquidity, investing in platinum bullion in the form of bars and coins can be attractive to investors as it carries no credit or counterparty risk, unlike stocks or bonds. Adding platinum to a portfolio can also have diversification benefits.