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Have you been considering investing in precious metals? Doing so is a great way to diversify your portfolio and ensure you're protected against stock market volatility. Precious metals can also hedge against inflation, are easy to liquidate, and are highly-coveted across the globe. But you probably knew all that if you've already been thinking about purchasing precious metals.

What you may not know is which of the many precious metals investment companies you should work with. There certainly are an overwhelming number of options; we're here to review Monex Precious Metals to help you make a decision about whether they're the right company for you to choose!

About Monex

Monex has been in business far longer than many other precious metals investment companies. Louis Carabini first started the business in 1967 as a small coin shop in California. As demand for precious metals continued to increase, the company grew.

Today, Carabini along with his son and granddaughters all work for Monex. The company now employs a very large staff of precious metals experts who work to meet the needs of each investor.

Purchasing Precious Metals through Monex

Monex specializes in precious metals, and you'll enjoy a nice selection of coins and bars that you can purchase as a personal investment or add to an IRA (more information about IRAs below). The various coins and bars available through Monex include:

Gold

Silver

Platinum

Palladium

Precious Metals IRAs

Monex is not an IRA custodian, but they work with different custodian companies and can help you add precious metals to an IRA. If you're interested in setting up a Precious Metals IRA to diversify your retirement accounts, contact one of the trustees or custodians recommended by Monex, and tell them that Monex will be your precious metals dealer.

Then, work with the IRA custodian to fund your account, either by rolling over funds from an existing eligible retirement account or by transferring money from your bank account.

Once the funds are available, you can work with a representative at Monex to add the coins and bars you'd like to hold in your account.

Selling Precious Metals to Monex

Monex will also purchase precious metals from individuals looking to sell some or all of their holdings. They have worked to simplify the process of selling metals to be as easy as possible to help you quickly get the cash you need. Monex purchases gold, silver, platinum, and palladium bars and coins.

If you're interested in selling metals to Monex, start by making a call to speak to a representative. They will let you know the value of your metals and quote you a price for purchasing them. If you decide you'd like to go ahead and make the sale, the representative will provide instructions on how to package and ship your metals.

After your precious metals shipment has arrived, you'll be contacted by a representative to confirm the exact value of your metals and your payment will be issued.

Special Offers and Free Reports from Monex

Monex's website includes a section on special offers and free reports. In this section, you can view the various special offers that are currently being offered by the company.

One special offer is the free precious metals report, "A Better Future with Precious Metals." This report is designed to help individuals discover the benefits of investing in precious metals and how they can help secure their financial future by purchasing gold, silver, platinum, and palladium.

Another free report offered by Monex is their "Silver on the Horizon" report. This report is designed to educate users about investing in silver and share information about how it compares to gold. Reading this can help you make an informed decision about whether you will want to invest in gold, silver, or a combination of both precious metals.

Monex Referral Program

Monex offers a special referral program. When you refer someone who makes a purchase through Monex, you'll earn a 1.5-ound Silver SuperLeaf for free. If the person refers purchases more than $10,000 in precious metals, you'll get a 10 oz silver bar instead.

Are There Any Red Flags for Monex Precious Metals?

We looked up reviews of Monex from the Better Business Bureau, Business Consumer Alliance, TrustLink, and Trustpilot to help you see how other customers feel about their experiences with the company.

It is always a good idea to read through reviews from other users before making a big purchase, such as investing in precious metals. Reading reviews gives you insight into the experiences of other customers and whether or not a particular company is attentive, responsive, and trust-worthy.

These are just a few of the available reviews for Monex. There are more on other reviews sites if you'd like to take a deeper dive into the experiences that others had with this company.

Is Monex Precious Metals a Scam?

No, Monex Precious Metals is not a scam. The company has been around since 1967 and certainly would not have been able to stay in business for this amount of time if they were truly a scam company.

While Monex appears to be a legitimate company, there are a few indicators that they may not be the right company for you to choose to work with. First, they are not a BBB Accredited Business, like so many other precious metals dealers are. There have also been three complaints filed against Monex with the BBB in the past three years.

Three is not a huge number of complaints, but the fact remains that there are other precious metals companies who do not have any complaints against them. Two of these complaints were about problems with a product or service provided by the company, and one was related to advertising and sales issues.

There have also been reports filed against Monex with RipOffReports. This is very troubling, as you definitely don't want to have an issue with such a large transaction.

While there are some positive reviews for the company, we feel that the negative reviews should outweigh these as you are trying to decide which precious metals company to work with. Many customers cited rude and unhelpful sales associates in their review, and you want to choose a company where you'll be confident that you'll receive excellent support.

Monex is also not an IRA custodian. If you wish to open a Precious Metals IRA, you will first need to work with one of the IRA custodians they recommend. It doesn't appear that they are as helpful as some other companies are at facilitating the IRA set-up process.

Although we do think that Monex Precious Metals is an "OK" company, we believe that there are better companies out there to make your investment with.

===> Click here to see our top 5 recommended companies

Or, continue with Monex Precious Metals...