This 1 troy ounce platinum bar contains 31.103 grams of 99.95% fine platinum and comes from accredited producers, such as Valcambi Suisse. The image is indicative, we supply platinum bars from several LBMA accredited producers that are on the "Good Delivery list."
This 1 troy ounce platinum bar contains 31.103 grams of 99.95% fine platinum. We supply platinum bars from various producers, the picture is indicative. It is not known in advance which producer you will receive, however, all producers are on the LBMA Good Delivery List and therefore these bars are easy to trade and you are assured of the weight and content of the bars. At The Silver Mountain we only buy and sell LBMA accredited producers.
Platinum is considered a commodity. For that reason, platinum should usually be taxed with 21% VAT. An exception applies to the platinum coins, because these coins also have a certain collector value and therefore may be sold under the margin scheme. We sell all platinum coins under the margin scheme.
The price of these platinum coins includes 21% VAT. Important to note is that you cannot reclaim this VAT if you buy the platinum bars as a private person. For that reason we also offer platinum bars in combination with storage, because these bars are stored in a bonded warehouse you do not have to pay VAT.