Product Details


Platinum Bar Heraeus - 1 kg

Platinum’s name is derived from the Spanish term "Platina del Pinto", which is literally translated into "little silver of the Pinto river". Platinum is one of the rarest elements found in the Earth's crust with annual production of around 30 metric tons (vs. ~2,500 tons for gold and ~ 23,000 tons for silver). Mining is very geographically concentrated as South Africa accounts for over 80% of the world production.

The 1 kg Heraeus minted platinum bars are 1,000 grams of .9995 pure platinum and guaranteed by the Heraeus.

Each bar is stamped with its exact weight and purity, and bears the Heraeus logo, an internationally recognized symbol of quality and sound provenance. The 1 kg platinum bar is one of the biggest sized platinum bar products in the market, thus premiums are one of the lowest. Each bar is encased and sealed in soft plastic sleeves.


Pricing Details:

Points computation: 1 bar = 321.50 points

Tier
Points required
Price
(SGD)
Price/Gram
(SGD)
Price/oz
(SGD)
Percentage
Over Spot(ASK PRICE)
Buy/Sell
Spread
1
-
46,401.28
46.401
1,443.24
6.65%
11.45%
3
3000.00
46,271.67
46.272
1,439.21
6.36%
11.20%
5
10000.00
46,142.06
46.142
1,435.18
6.06%
10.96%

Unlock capital from your bullion with our Secured P2P Loans

  • Use this product as collateral to borrow 50.0% (21,537.28 SGD) of its value
  • Current best rates for borrowing
    • 1 month loan at only 5.5% per annum (Interest: 98.71 SGD)
    • 6-month loans at only 5.0% per annum (Interest: 538.43 SGD)
    • 12-month loans at only 5.5% per annum (Interest: 1,184.55 SGD)
    • 24-month loans at only 6.8% per annum (Interest: 2,907.53 SGD)


Storage Fees

Duration Fixed Storage Fee
Per Parcel
6 months 158.4228 SGD
12 months 316.8456 SGD
24 months 633.6912 SGD
36 months 950.5368 SGD
60 months 1,584.2280 SGD

Other Services:

Item Cost Per Bar
Transfer-in and testing 193.00 SGD

* Stored in multiples of 1 bar and can be collateralized. Any unused storage will be refunded upon sellback or delivery.