VIAMAT turn around time

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#1 Sun, Nov 6, 2011 - 1:07pm
DiamondEddie
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VIAMAT turn around time

Has anyone had experience with VIA MAT? I'm selling some metal back to Monex and they use VIA MAT in Los Angeles for processing / receiving the metal. I'm curious what kind of turn around to expect; like how long it usually takes for them to process the shipment and notify the dealer.

Edited by: DiamondEddie on Nov 8, 2014 - 5:31am
Tue, Nov 8, 2011 - 3:26pm
DiamondEddie
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If anyone cares, I talked to

If anyone cares, I talked to Monex today and they said Via Mat is fast and usually processes within 24 hours.

Wed, Nov 16, 2011 - 9:27pm
DiamondEddie
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Follow-up for my lonely

Follow-up for my lonely little thread:

It took 8 days total for monex to receive and accept the shipment. Once they get the metal, monex gives sellers 3 days to float the market and ride a rally instead of being forced into selling during a dip. If you have a trading account with them you are not bound to said 3 days of course.

Selling back to monex at 6% over spot is nice, too. cheeky

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