title: Monex Precious Metals
text: # Monex Precious Metals
  
  Monex Precious Metals is a United States bullion dealer that buys and sells precious metals to retail clients headquartered in Newport Beach, California. The company offers Gold, Silver, Platinum and Palladium coins, bars, bullion rounds, collectibles and other numismatics products from various mints around the world.
  
  ## History
  
  The company was founded in 1987 in California.
  
  In 2017, the CFTC charged the company with defrauding 3,000 clients, accusing the company of making false claims to investors, mostly to the elderly, in television commercials. The company rejected the charge saying that the CFTC did not have jurisdiction over it.
  
  