Monex Review

Monex was established by Louis Carabini as a coin shop near Long Beach in 1967. Today it is one of the most trusted names in America as far as gold and precious metal trading is concerned. Apart from Louis Carabini, his son Michael and daughter Christina, Monex team includes over 125 members. With client transactions over $30 billion, Monex is on the path of becoming the industry leader.

Products Offered by Monex

Monex offers a variety of precious metal investment products. Their range of products includes gold bullion and coins, silver bullions and coins, platinum bullions and coins, and palladium bullions and coins. As far as gold coins are concerned, you can choose from Gold Vienna Philharmonic, Gold American Eagles, Gold Canadian Maple leaf, Gold South African Krugerrands and Gold American Buffalos.

Vienna Philharmonic coins are known across the globe for their high quality, beauty and purity. They are produced in Austrian Mint, where currency and coinage has been produced for more than 800 years. American Eagle coins have the backing of the US government. They offers liquidity, diversity and stability to your investment profile. Canadian Maple Leaf pure gold coins are also known for their refinement and purity. These coins offer impeccable standards and are mandated by the Royal Canadian Mint. South African Kruggerrand was the first gold coin to offer precisely one troy ounce gold to buyers. Till today it is known for its gold content rather than face value. The American Buffalo coins are pure 24 carat gold coins manufactured by the United States Mint.

Monex offers a wide selection in silver, platinum and palladium coins as well. Silver coins are available in varieties like 40% Silver US coin bag, 90% silver US coin bag, Silver American Eagles, Silver Canadian Maple Leaf and Silver Vienna Philharmonics. For platinum coins, you have the option of choosing between Platinum Canadian Maple Leafs and Platinum American Eagles. Palladium is available as bullions and Palladium Canadian Maple Leafs coins.

Security Features

When you buy gold or other precious metal bullions or coins from Monex, your purchases are delivered to a depository or independent bank. The title for these metals is immediately transferred to the buyer. This ensures that you are recognized as the owner of these metals at the depository or the bank until you withdraw them personally or sell it. This means that the goods that are stored on you behalf are neither an asset of the bank/depository or Monex. So the financial conditions of these organizations do not affect the security of your metal. Standards and Poor’s has give security at Monex AAA rating.

Other Services

The company allows you to buy gold coins and other precious metals in a number of convenient ways. They offer the flexibility of having your precious metal immediately delivered to you or arrange for its safe storage at an independent bank or depository. They also provide loans up to 80% of your purchase value. This means that you can buy precious metals with down payment of just 20% of purchase value and make the most of investment leverage. You can either take a personal delivery of your purchase by paying your loan balance or sell it back to Monex.

Monex offers everything you can ask for in a precious metal trading brokerage. It offers wide variety, security and excellent customer service. Monex allows you to trade any time between 5:30 am and 5:30 pm (Pacific Time). Their connections with New York, Chicago, London, Hong Kong and Zurich markets enable them to offer extended hours. They offer the most competitive prices in the market. For anyone considering purchase of precious metals, Monex is a great option.

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