Platinum next step for Britain

British Royal Mint announced a partnership Dec. 15 with the World Platinum Investment Council (WPIC) to launch a range of platinum bullion coins and bars throughout 2017. The move into platinum marks the first for the BRM.

The principal aim of the partnership is to stimulate investor demand for physical platinum worldwide. The physical products will be tailored to the requirements of international retail investors.

The products will be offered through the Royal Mint’s 24-hour bullion trading site www.royalmintbullion.com. The coins and bars will be either dispatched directly to individuals or stored on their behalf in the BRM vault – The Vault™.

David Crawford, Program Manager at the World Platinum Investment Council, said: “The Royal Mint is one of the world’s oldest and foremost authorities and issuers of bullion coins and bars, and we are honored to be working with them. It is the WPIC mission to increase the range of sustainable investment options available in global markets. Platinum has historically been a store of value and source of long-term appreciation. As such, this new product range from The Royal Mint is good news for retail investors.”

For the Royal Mint’s part, Director of Bullion, Chris Howard, observed, “The introduction of platinum to our portfolio is the next logical step for The Royal Mint and increases the choice available to our customers, supporting our ambition to provide the ‘complete bullion solution’. Given the significant growth in our bullion activities in recent years, we are excited to be entering this new marketplace and look forward to working with the WPIC to expand the range of trusted Royal Mint Bullion products available to investors.”