Online bullion accounts enable investors to purchase, store and sell physical platinum bullion and other precious metals via a trading platform. Any eligible person, anywhere in the world, can buy, store and sell physical platinum through the platform in a secure and cost-effective way at any time of the day or night in multiple currencies. The platinum offered is 99.95 per cent fine and meets the ‘Good Delivery’ requirements as specified by the LPPM.
Investors are able to trade as little as one gram at a time, meaning that minimum investments are low. Their platinum is stored in fully-insured, high security vaults.
Distributed ledger, or blockchain database technology, is also being used to facilitate digitally recorded fractional ownership of platinum. Accurate, certified ownership of investors’ holdings is reconciled daily, allowing them to own directly platinum held in highly secure commercial or sovereign mint vaults.