How to Buy Precious Metals from Monex
Free Introduction to Owning Precious Metals
The Investing Experience
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 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, personal check or cashier check. Bank wires are considered "good funds," all other forms of payment will require a hold funds period, after which the order will be processed, packaged, and delivered. You may choose either personal delivery or delivery 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.
Shipping Your Metals
Personal delivery is made by UPS or the U.S. Postal Service's Registered and Insured Mail by request. Upon transaction completion, which is after any hold-funds period, your order will be processed, packaged, and sent to the delivery service. An e-mail delivery notification is sent once tracking information is received from the delivery service.
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. You will be able to follow you shipment via the tracking information. Please insure your availability based on the estimated delivery date.
Selling your metal back to Monex is also a simple process. After your metal has been securely delivered to a Monex affiliated depository, one simple call to Monex will complete your transaction.