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About Zaner Precious Metals

Zaner is a limited liability corporation with multiple subdivisions. The company specializes in investment trading and alternative assets. They operate from the heart of Chicago and have a solid reputation for good work in the investment industry.

The precious metals division is streamlined with the rest of Zaner's offerings. Rather than focusing on the advantages of the precious metals industry alone, Zaner Precious Metals has a strong focus on general trading. The staff members watch the market and keep clients updated about potential economic forces.

Zaner Precious Metals doesn't have very many online reviews. It's difficult to find any consumer experiences through third parties like Trustlink and Trust Pilot. Their Facebook page does have seven 5 star reviews, though, with customers noting that they felt confident and happy with their investments.

Zaner offers quite a few precious metals services. They have fulfillment services, help with online IRA setups, and eCommerce marketplaces. The company works with brokers, banks, coin shops, mints, refiners, and importers.

When you work with Zaner Precious Metals, there are two main sites to navigate: the public website and the wholesale one. The wholesale trades under the name Tornado Bullion, while the public site can be found at the ZanerPreciousMetals domain.

Zaner Precious Metals

Zaner Precious Metals is the public website, which is open to any individuals or entities looking to acquire precious metals.

When you click on the IRA link on the website, you are brought to an external site. It is the homepage for New Direction Trust Company. Presumably this is the trust company that Zaner Precious Metals uses as a custodian when setting up a precious metals IRA.

It looks like New Direction handles all of the IRA setup requirements. So Zaner doesn't actually offer in-house IRA streamlining services. That said, it is nice that they have a partner they can refer you to when you're thinking about your retirement.

Company Policies

The company has a policy of calculating the final total of your order when you get to the checkout. The prices of different products and precious metals can change on a minute to minute basis, so the price you get at the final screen might not reflect the one you saw at first.

The website has an algorithm that uses spot pricing to price coins. These prices are recalculated every sixty seconds and then recalculated again when you get to the checkout screen.

The company states that it's common for coins to be graded by a third party. But grading a coin doesn't remove the risk of an investment. Zaner has a policy against guaranteeing a return on investment or giving investment advice. If you need information about what items to purchase, you should talk to your own financial services representative.

The company does not take payment in the form of cash, bank drafts, ACH, or cashier's checks.

When you make an order, you will need to put down a 5 percent deposit while confirming the items at checkout. If you decide to cancel the order or fail to make the rest of the payment in time, the company will keep this deposit. You will also need to pay back any costs from market loss.

What to Know When Ordering

If you do order through the company's eCommerce platform, it's important to understand the steps to checking out. To confirm your order, you'll need to put down a nonrefundable deposit.

Most transactions are paid through a bank wire transfer. The company needs your bank to transfer the payment in the 24 hours following your order confirmation. If more than 24 hours go by, the company may cancel your order without refunding your deposit.

If you place an order for an item that isn't in stock, the company will give you a refund for the entire purchase price. It's also important to note that you can't combine multiple orders into one shipping package, so make sure you order everything you want at once.

If the company decides that an order poses any risk to security or their policy compliance, they will void your payment. If there are issues with your payment method, you may be able to send an alternative form of payment instead.

Products and Services

The company specializes in precious metals like gold, platinum, silver, and palladium. They do stock some numismatic coins, and they have a section for daily products.

If you're looking to put some of your retirement assets in precious metals, you can browse the IRA-approved category. This has precious metals that meet the IRS's rigorous purity standards.

The company offers some storage and fulfillment services, though these may be given through a partner rather than an in-house team. They also publish a blog with insights about the precious metals industry, along with charts showing the price of different precious metals over time.

Is Zaner Precious Metals a Scam?

Zaner Precious Metals is not a scam. They operate with a wide range of different services for both wholesalers and individuals. Whether you're a business owner or someone planning their retirement, there are products available to you.

Zaner maintains an A+ rating with the Better Business Bureau. However, it is a little difficult to find customer reviews of experiences with Zaner Precious Metals. People have left positive feedback on the Facebook page, stating that the representatives of the company have always been helpful and honest.

All in all, though, this subdivision doesn't have the same power that some of the top precious metals dealers do. It's best suited to people who care about doing a lot of high-profit trading of precious metals for both short and long-term income.

If you're looking to set up an IRA, you can technically do that through this website. But there are other companies that specialize in IRAs and have significantly more online feedback.

Pros & Cons of Zaner Precious Metals

Final Thoughts

Zaner Precious Metals is part of the respected Zaner corporation, which operates in business markets all over the world. With headquarters in the business district of Chicago, this company is totally focused on how to trade alternative assets to generate a profit.

The company might entice you if you're someone who wants to get involved in high-power trading. You might also be interested if you want to purchase other alternative assets in addition to the precious metals, such as real estate.

There's no denying that the company is staffed by experts and has a broad range of influence. But it's strangely difficult to find adequate customer reviews online. In addition, the purchase process seems a little more intense than the average individual investor is looking for.

If you're looking to open a precious metals IRA, you can technically do that using this company. But this corporation doesn't specialize in retirement planning. A more specialized competitor might give you a more streamlined and hassle-free experience.

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