monex com
Thinking about buying gold or silver? Monex.com might be one of the first names you stumble across. It's been around for decades, but is it worth your time—or your money? Here’s what you actually need to know, no fluff, just facts.
What is Monex.com and why does it matter?
Monex.com is the online face of Monex Precious Metals, a well-known U.S.-based bullion dealer headquartered in Newport Beach, California. It’s been operating since the late '60s and specializes in physical precious metals—mainly gold, silver, platinum, and palladium—for retail investors. When people talk about "buying bullion," Monex is often one of the names in that conversation.
Notably, Monex runs a two-way market. That means you can both buy and sell precious metals directly through them. No middlemen, no third-party resale hassles. And they quote live bid and ask prices on their website, updated every minute during trading hours.
Monex isn’t your average online bullion shop
Most sites just list products and prices. Monex leans heavily into live trading and market data. They publish real-time charts for spot, bid, and ask prices—across all four metals—and give you technical resistance and support levels. If you're even remotely into market timing or price watching, that’s a big plus.
Say gold is hovering at $3,347 per ounce. Monex will show you immediate price action, resistance levels around $3,375 and $3,443, and support zones near $3,285. That kind of detail isn't just noise—it matters if you're planning a five-figure metals purchase.
How you actually buy from Monex
No slick e-commerce interface. You call a rep.
Seriously. You pick up the phone, talk to a real human, place an order verbally, and lock in a price. That verbal confirmation is binding. It’s old-school, but it works. Payment usually happens the same day via bank wire, personal check, or cashier’s check. Wires move fastest.
Once you’ve paid, you choose between home delivery or secure storage. Storage is handled through the Monex Atlas Program, which uses third-party vaults to store your metals. It’s not a warehouse Monex owns; it’s independent custodians. They also cover shipping and insurance if you go the storage route.
What they sell: coins, bars, and volume
Monex deals in investment-grade bullion—no jewelry, no gimmicks. You’ll find:
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Gold: American Eagles, Canadian Maple Leafs, Krugerrands, 1-oz bars
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Silver: Rounds, 100-oz bars, Silver Eagles
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Platinum and Palladium: Less popular, but still available in coins and bars
They’re also structured to handle high-volume trades. If you're not buying a few hundred ounces or more, you're not using Monex to its full potential.
Why some investors choose Monex
There are a few key reasons Monex has stuck around for over 50 years:
Transparent pricing
Prices aren’t buried behind a login. Live bid/ask spreads let you know what you're getting—and what you're giving up—on every trade.
Market data baked in
Not just charts. They publish daily market reviews, full technical reports, and commentary from analysts. Think daily updates on gold, silver, platinum, and palladium movements—plus macro trends like inflation and Fed policy.
Customer service that still answers phones
Some people like placing trades with a person, not a checkout button. You get a dedicated rep, not a rotating call center script.
Liquidity
Because Monex runs a two-way market, you're not stuck with your metals. Want to sell 1,000 ounces of silver? You’ll get a quote fast—and a check if you accept.
The 2017 regulatory black eye
Monex doesn’t have a spotless record. In 2017, the CFTC charged the company with running a fraudulent scheme, allegedly targeting over 3,000 investors—mostly older people—through leveraged metals trades advertised on TV. The company disputed the charges and said the CFTC didn’t have jurisdiction.
That case is a red flag for cautious investors. If you're handing over five or six figures, you should know that history. It's not necessarily a dealbreaker, but it's something to consider when comparing dealers.
Real-time metals snapshot (August 2025)
Here’s what the numbers looked like at the start of August:
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Gold: $3,347/oz, up $18 for the week
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Silver: $36.81/oz, down $1.18
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Platinum: $1,311/oz, down $128
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Palladium: $1,211/oz, down $67
Gold was the only winner, driven by softer-than-expected U.S. payrolls and renewed rate-cut speculation. Platinum and palladium dropped hard—likely due to weaker industrial demand and auto-sector softness.
Monex didn’t just post prices—they offered technical levels too. Gold had resistance at $3,375 and $3,443, with support at $3,285 and $3,219. For traders and analysts, those levels are tactical playbooks.
Common concerns and trade-offs
Let’s keep it real—Monex isn’t for everyone.
Minimums can be high. You won’t find $50 starter kits here. They cater to serious buyers.
It’s phone-based. That’s a turnoff for people used to one-click buying. But it's also a safeguard—fewer misclicks, more guidance.
Fees aren’t visible. You'll need to call to get full fee structures for storage or commissions. That’s less transparent than some competitors.
No crypto payments. This is strictly traditional finance. Wire, check, maybe ACH. Don’t expect Bitcoin invoices.
FAQs
Is Monex legit?
Yes, they’ve been around for over 50 years and are still operating under U.S. regulatory scrutiny. But they have faced serious legal challenges.
Can I store metals with Monex?
Yes, through their Atlas Program, which uses independent, insured vaults.
Is Monex good for small investors?
Not really. They’re better suited to medium-to-large buyers, especially those doing $10K+ trades.
Do they sell collectible coins?
No numismatics. They focus on investment-grade bullion only.
Final take
Monex is one of the few old-guard bullion dealers still in the game—and still relevant. They're built for people who trade metals like markets, not just stash shiny things in safes. The real-time data, high liquidity, and personal service are all strengths.
But don’t go in blind. Know the 2017 controversy. Ask about fees. Use them if you're serious, not just curious. For large trades or long-term diversification, Monex remains a heavyweight—just not always the most modern one.
If this is your first bullion buy, it’s probably not your best starting point. But if you're moving real capital, it’s a platform worth having on your radar.
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