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Zaner Precious Metals Review4 min read

Reading Time: 3 minutes

Investing in precious metals can be lucrative, primarily if you invest in qualified precious metals into a self-directed IRA. Many companies deal in alternative assets, and today we’ll talk about Zaner Precious Metals, a subdivision of Zaner Metals LLC, a global investment and brokerage firm. Here we’ll talk more about Zaner and Zaner Precious Metals, one of their subdivisions.

About Zaner Precious Metals

Zaner Metals is a Chicago-based LLC specializing in investment trading, brokerage, and alternative assets. They have multiple subdivisions, each specializing in a different area, and all have a solid reputation. The division that deals with precious metals has an interesting approach, as they focus their efforts on general trading; their staff observes the market and updates their clients on possible trends.

The company is a National Futures Association (NFA) member and is registered with the Commodity Futures Trading Commission (CFTC). They are also registered with the Illinois Chamber of Commerce and are a National Introducing Brokers Association member.

Zaner Precious Metals Products and Services

Zaner Precious Metals is a full-service precious metals dealer, and the company is situated in the Chicago Financial District. The main Zaner Precious Metals products are gold, silver, platinum, and palladium. They trade in bullion bars and bullion coins, and they buy and sell precious metals but also have precious metals qualified IRAs. They cooperate with brokers, banks, coin shops, mints, refineries, and importers.

The website has very little information about the company, but there is quite a lot of data about the products they provide. The website’s main menu has a link to their Bullion & Coins page, the FAQ, the policies, refineries and recyclers, IRA, and contact.

On the Bullion & Coins page, you can see links to gold, silver, platinum, palladium, daily products, Pre 33 US Gold, and IRA-approved gold products. They also list their best-selling products like the American Gold Eagles Coins, Canadian Gold Maple Leafs, America, Buffalo 24-Karat Gold Coins, the American Silver Eagle, Great Britain Silver Coins, and the UK Platinum Britannia.

Since Zaner Precious Metals is a subdivision of Zaner Metals LLC, which is, in turn, a part of Zaner, they rely on another Zaner subdivision, Tornado Precious Metals, for trading. Regarding their self-directed IRAs, they cooperate with a third-party company, New Direction Trust Company. 

Zaner Precious Metals has proper Policies, similar to many other similar companies. For example, the company does not grade or authenticate the coins, but third parties do this, and they have strictly outlined that the company does not provide investment advice, nor does it guarantee profits. They always remind their clients that the market is volatile and that coin prices fluctuate, so you should go in with reasonable expectations.

The company accepts direct payments and will ship its products within 3-5 days after receiving the funds. Because the price of precious metals changes every minute, they have spot pricing, meaning the price may change from the one you’ve initially seen on the screen. They also operate on a good faith policy, so after you are issued the final price and go to the checkout window, the price you will see will be the final price.

They have a non-refundable deposit policy, so you must deposit a 5% deposit to confirm your purchase and pay the total amount within 24 hours. The company will keep the 5% deposit if you cancel your order.

Even though Zaner Precious Metals has not been in business very long, their parent company has an excellent reputation that this subdivision works on continuing.

The company is not a scam but a serious entity; they have safe and secure services, keeping their products and user data safe. However, they are still on the smaller side and don’t have as many clients as other similar companies.

Zaner Precious Metals Online Reviews

The company has not been in business as long as its competitors, so they have very few online reviews. Here are the current online reviews on Zaner Precious Metals:

  • BBB Rating – A+
  • BBB Complaints – 0 in the last three years
  • BCA Rating – N/A
  • BCA Complaints – N/A
  • Facebook – 5

Contact Information

Name: Zaner Precious Metals

Address: 150 S Wacker Dr, Ste 2350

Chicago, Illinois 60606

Phone: 1- 312-549-9986

Conclusion

While the Zaner corporation is a well-known name in online financial services, their subdivision Zaner Precious Metals still has a long way to go.

They sell and buy precious metals (gold, silver, platinum, and palladium) and have other services. This company is best suited for people interested in high-power trading and for people interested in purchasing alternative assets for self-directed IRAs.

Still, they don’t provide retirement planning services but rely on third-party partners, so if you are looking for a full-service, perhaps Zaner Precious Metals is not the company to work with. But if you want to buy or sell precious metals like gold, silver, platinum, or palladium bullion and coins, you can check them out.

Check The Website Out

About 

Edwin Cannon has spent his entire career in the financial industry and specializes in alternative investments and surviving marketing turbulence. He started My Retirement Paycheck to help educate consumers about retirement investment options that aren't typically introduced by advisors.