Platinum Accumulation Plans

Long-established in Japan, Platinum Accumulation Plans (PAPs) enable individuals to pay a monthly amount into an account in order to purchase platinum, in many instances a core part of retirement savings.

Retail investors in Japan have been investing in precious metals for decades, with the purchase of kilogram and smaller platinum ingots produced by Japanese precious metals refiners and, more latterly, through exchange traded funds.

With a PAP, the balance of physically-owned platinum accrues each month, although they are free at any time to sell all or part of their balance, or withdraw it in the form of bullion, coins or jewellery.