Buying Precious Metals from Monex
Today, there are a number of convenient ways to buy gold coins and other precious metals from Monex. Depending on your particular situation, investment objectives and bullion trading needs, you may decide to buy gold coins or...
- Invest in gold, silver, platinum or palladium outright in an all-cash purchase and have your purchase delivered to you via registered and insured U.S. Mail. Or, you can have your purchase stored for you at one of several secure and independent banks and depositories in the U.S. When you buy coins or bullion and utilize a Monex storage account, you retain ownership of, and title to, the precious metals, and your precious metals are insured by the bank or storage facility.
- Or, you may elect financing of your precious metals, using as little as a 25% down payment and taking advantage of investment leverage of as much as 4-to-1, through our exclusive Atlas Account program.
Whichever way you choose to purchase, buying precious metals from Monex is quick, easy and secure. Once you have decided on what and how much to purchase, your Account Representative will assist you in executing your order over the phone, and your purchase and price will be confirmed on a tape recorded line after your acknowledgment. A written confirmation of your purchase will then be mailed to you by the next business day.
Your payment for your precious metals must be initiated on the day of purchase by bank wire. Other forms of payment, when acceptable, require a holds-funds period to assure good payment. Upon good payment, your order will be processed for delivery to you, personally, or to a bank or depository for storage in the case of an Atlas account purchase. If your purchase is through a company or trust, or delivery is to a third party, you are required to provide executed legal documents authorizing you to make such purchase.
When your purchase is made for delivery to a bank or depository, the custodian will send you a Commodity Transfer Notice indicating their receipt of the metal that they are holding on your behalf.
Personal delivery is made by the U.S. Postal Service's Registered and Insured Mail. Upon transaction completion, which is after any hold-funds period, your order will be processed, packaged and delivered to the Postal Service. Please plan on four weeks. When sooner, an e-mail delivery notification is sent. Then, depending on your location relative to the Post Office where we deliver your package (generally, the Post Office nearest one of our East or West Coast depositories), the shipping time can vary significantly. While the U.S. Postal Service is not the fastest delivery service, it is the most secure method for high-value shipments. For large purchases ($500,000 or more), we may be able to provide an alternative method of shipment.
As a result of limitations on weight and value, your order may be shipped to you in more than one package and arrive on different days. The Postal Service will not provide us a delivery date at the time they receive your package from our depository. When your package arrives at your local Post Office, they will either notify you to pick up your package or, in some cases (generally, rural areas), deliver the package to your home. In all cases, they require photo identification and valid signature in order to release the package.
Selling your precious metals back to Monex is just as easy, and can be accomplished right over the phone.
For an example of how your preferred transaction would work, please speak to a Monex Account Representative by calling 1-800-444-8317.