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What Is Monex (And Why Is It Worth It?)

by sambit
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Studies show that about 10% of the American population owns some form of gold. More importantly, people continue to invest in gold much like they do with stocks.

If you’re an avid investor, you might’ve come across a service that specializes in that business called Monex. But what is Monex? Is it worth working with them on your gold investments?

That’s what we’re here to answer today. Read on to find out just what Monex is and whether you should consider doing business with them.

What Is Monex and What Do They Do?

This might surprise you, but Monex is actually one of the longest-tenured and experienced gold dealers out there for investors. They were founded in the 1960s by Louis Carabini.

Monex monitors the price of gold and other precious metals for investing. They help advise their clients on whether or not to take on an investment, and can even deliver physical metals when requested.

They also have a gold marketplace that works with you and a third party to handle transactions. Their marketplace is reliable and is known to have incredibly competitive prices.

Is Monex a Scam?

Many are wary of gold investment companies due to the possibility of getting scammed, which is why a lot of people are apprehensive about Monex. However, Monex is luckily not a scam.

Their long history speaks for itself. Their reliable services have allowed their company to not only endure but grow for nearly six decades.

Monex’s reputation as a reliable gold and metal dealer is reason enough to discount claims that they’re a scam. They also provide extensive customer service to help you through transactions and provide quotes as well.

How Does It Work?

Monex offers its clients a wide variety of metals through bars and coins. You’ll be put in contact with one of their representatives to talk through the transaction.

Their site also offers live updates on the price of metals like gold and silver. Keep in mind that not all the metals they sell are eligible for IRA storage.

You can also sign up for a Monex Atlas account. What is a Monex Atlas Account? It’s a special program that provides special discounts on certain products for metal-savvy investors.

Gold and Silver Prices on Monex

If you aren’t sure whether the Monex prices are legit, you can certainly look at other websites and compare them with Monex. As you probably know, gold prices are extremely volatile and can change at any second.

With that said, Amex has reliable prices on gold, silver, platinum, and other metals. The best part about their price charts is that you can check prices for years past, as far as 10 years!

Gold and Other Metal Deliveries

Monex offers deliveries for gold and other metals as one of their key services. If you invest in metals through their site, you can have it stored or delivered through Monex as well.

Deciding Whether Monex Is Worth It

So what is Monex and are they really worth it? If you’re someone trying to invest more in gold or other precious metals, Monex is a great place to start.

Their reliable service makes them a trustworthy source to start your investment journey. Use this article to help you understand whether it’s a good option for you and your portfolio.

For more articles on personal finance and similar topics, check out the rest of our site!

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