There are times of crisis when people get short on cash and need to do something in order to make ends meet. This is why precious metals such as gold, platinum and silver make a good investment at any given time. If you want to either buy or sell such assets, you can find a comprehensive list of Detroit platinum dealers here.

All companies are listed with all needed details, so that you can get in touch with a customer representative and see what deal you can obtain. You can save many hours of research by using directly our list instead of searching for precious metals dealers elsewhere on the web.

Gold Cash Gold

2100 Michigan Ave, Detroit, MI 48216

(313) 285-8770

Motor City Pawn Brokers

15440 E 8 Mile Rd, Detroit, MI 48205

(313) 371-8201

The Gold Stop

20930 Fenkell St, Detroit, MI 48223

(313) 533-7116

Zeidman's Jewelry & Loan

2669 Gratiot Ave, Detroit, MI 48207

(313) 879-4395

Diamond Collateral

1451 Washington Blvd, Detroit, MI 48226

(313) 963-0852

Van Dyke Coin & Jewelry

20495 Van Dyke St, Detroit, MI 48234

(313) 892-4404

MBM Check Cashing

7716 E 8 Mile Rd, Detroit, MI 48234

(313) 366-2274

American Trade Group

14471 Livernois Ave, Detroit, MI 48238

(313) 861-6284

Hamtramck Pawn

9319 Joseph Campau St, Hamtramck, MI 48212

(313) 338-3597

Gold Exchange

13225 W Warren Ave, Dearborn, MI 48126

(313) 582-7902

Summit Gold and Silver

3231 Croissant St., Dearborn, MI 48124

(313) 694-2095

AAA Diamonds & Gold

13928 Michigan Ave, Dearborn, MI 48126

(313) 846-4653

Tech And Gold

7641 wyoming, Dearborn, MI 48126

(313) 834-4485

Prestige Gold & Silver

18900 Michigan Ave, Dearborn, MI 48126

(313) 336-6999

About Buying Platinum From Dealers

Platinum is a precious metal that you can buy on paper in the commodities market, or you can buy it in person from platinum dealers. However you buy platinum, there's no doubt that you can benefit from having it in your investment portfolio.

Investment advisers often recommend that you dedicate 9.5% of your portfolio in so-called hard assets, which includes precious metals like platinum, gold, and silver. Like gold, platinum can cushion your portfolio from inflation and the fluctuations in stock prices.

Platinum has intrinsic value, meaning that it has industrial uses, especially in the car industry where it is used for making diesel autocatalyst. Unlike gold, however, it can quickly change prices depending on the demand by the auto industry, and its accompanying supply (it is rarer than gold and silver). If you are a trader, you can definitely take advantage of this characteristic of platinum as a traded commodity.

However,  if you want to secure your portfolio, you need to buy hard platinum. Your best option is to buy platinum bars because you can get the lowest-priced per-troy ounce that way.

Like gold bars, you need to buy your platinum from a reputable platinum dealers – there are many counterfeiters out there, and you definitely don't want to become a victim.  A standard platinum bar is made of 10 troy ounces of this precious metal, at a purity of 0.9995. You can trade it, or have the dealer store it for you, or you could have it delivered to you.

Aside from bars, you could also buy platinum coins. They come with the same purity as the bars when you buy them from a reputable dealer, but only in smaller sizes.  There are two governments that mint these coins – the Canadian and the US government and they are treated as legal tender and are valued at the amount stamped on them.