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For some time, Zaner Precious Metals has been the right solution for many potential investors looking to invest in precious metal assets. They have specialized in providing a wide selection of gold, silver, and platinum products at extremely reasonable prices.
They provide virtually everything you want, such as bullion coins and rounds and gold dating back to pre-1933; to complete these transactions, you simply need to click on a few buttons on their website.
Because of the numerous product options, you find on their site, many prospective investors are often confused whenever they visit the online platform.
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Zaner Precious Metals Background
For a long time, gold, silver, and platinum have continually attracted huge sums of capital for their ability to withstand tough economic times.
Even when the value of other assets is falling due to bad business, the price of gold and other precious metals has remained constant or gone up.
For this reason, most investors view precious metals as the ideal financial tool to eliminate or reduce portfolio risk.
However, investors must deal with investment-grade precious metals only, underscoring the need to deal with a dependable precious metals dealer like Zaner Precious Metals.
Based at the center of the Chicago Financial District, Zaner Precious Metals is a subsidiary of Zaner Metals LLC, helping investors with full-services precious metal investments.
The company’s products are gold, silver, platinum, palladium bars, and bullion coins. Most of the bars and coins in our inventory are new and come directly from our suppliers’ vaults.
Other services provided by Zaner Precious Metals Company include buying and selling precious metals and the sale of precious metals-secured IRAs.
Services and Products Offered
Zaner Precious Metals offers one of the greatest ranges of precious metals and currency products among a list of comparable companies found online.
The company’s list of products has over 6,000 offerings of gold, silver, platinum, and palladium in the form of bars and bullion coins.
Customers can also invest in other popular alternatives such as American Silver Eagles, Canadian Maple Leafs, and South African Krugerrands, all available for purchase on the company’s website.
Clients can also find more unique products on the company's website, such as the rare coin you learned about from your father while going through some change on the table – you can also buy that.
Zaner offers low-income investors a simple entry into the precious metals industry by selling circulated coins at affordable prices. Prospective investors can open a self-directed IRA on the company’s website.
However, it has so far been difficult to know how efficient the process of opening an account can be with the company; we have been unable to gather sufficient reviews from customers who have done it.
If you are unable to get the information you need about the process and the company, we recommend working with an alternative precious metals IRA company.
Grading and Authenticity of the Products
The company has collaborated with third-party institutions to grade and confirm the authenticity of most of the coins.
However, please note: that authentication does not mean the coin prices will not fall at some point or guarantee any risk that relates to the grading process.
Zaner Precious Metals is not a financial or investment advisory company; it does not guarantee investors' profits. At all times, the discretion to buy the coins solely lies with the customer.
In addition, Zaner Precious Metals is keen to point out that the past performance of the price of the coin does not imply that the value of the coin will continue to grow.
Professional financial advice is required when a customer has to purchase a collector coin for investment purposes. It is key to note that the coin market is quite unpredictable and the prices of coins are bound to change now and then.
In that regard, it is best to remain equally alive to the possibilities of winning and losing, as the resale value of the coin may fall below what you bought it for.
Zaner Precious Metals Pricing
One of Zaner’s key goals is to keep its products and prices as current as possible. However, some changes are likely to occur due to varying economic conditions, the demand and supply of coins and ingots, and typographical errors.
To ensure they sell at the correct price, all orders are always confirmed at the latter stage of the sale process.
Coins whose prices depend on the spot price are automatically recalibrated after every minute and at the checkout point.
Since the market price is continually changing, the closing price of the product on sale is determined at the checkout point.
What is a Gold IRA?
A precious metals IRA sometimes called a gold IRA, is a self-directed retirement account that is designed to hold the physical form of precious metals assets like gold, silver, platinum, or palladium bullion, which is part of the investor’s retirement wealth.
The structure and operation of these retirement accounts are regulated and approved by the IRS and the gold IRA custodian who safely stores the precious metals on behalf of the owner. Precious metals are stored in the physical form of coins, bars, and rounds.
Precious metals IRAs are used to help diversify an individual’s portfolio and protect an investor's retirement savings from market volatility and inflation.
Precious Metals IRA Benefits
Gold IRAs’ tax advantages are similar to those of standard IRAs. Contributions toward a traditional self-directed IRA will be taxed, while the qualified withdrawals from a Roth account are not taxed.
Long investment horizon: Because of its high liquidity, it is a bad idea to attempt to trade your gold without using an IRA. The value of gold grows best on a long-term basis and favors investors who prefer to buy and hold, especially for retirement reasons.
All gold IRAs are a form of self-directed account, enabling the account to regulate transactions and make investment decisions.
The Return Policy
To return the coins and bars purchased from Zaner Precious Metals, the customer must ship them USPS registered and insured against loss.
When the coins or bars are in transit, Zaner Precious Metals does not take any responsibility for loss; the company only assumes responsibility for the products once they take physical control and ownership of them and place them under their custody.
The company will not accept certified coins for return if the customer has already tampered with or damaged the protective case on the coins.
In addition to the protective case being intact, the company will only accept the certified coins if the customer returns the original order, which must be shipped to the company via US Post Office, insured for their total value, and postmarked within two days from when the customer received the order.
If the products are not delivered by UPS, USPS, etc., Zaner Precious Metals will not be liable to pay a refund or reship the lost product until the suitable carrier has written to them informing them of the lost package.
Then, the company may, if it deems it right, replace or refund the entire purchase price of the product. It is worthwhile to note that the company does not accept returns for bullion coins.
International Transactions with Zaner Precious Metals
Zaner Precious Metals does not accept international credit card payments. To pay for international orders, customers must use bank wire transfers and have good funds.
International customers who cancel payments or fail to pay for orders are permanently banned from doing business with Zaner Precious Metals.
If the customer has money in their account or fails to pay for future orders, the money will be used to settle the outstanding orders.
In addition, a five percent restocking fee and the applicable market loss are surcharged and the customer is barred from accessing the market again.
Customers looking to make international orders are expected to pay for the wire fees associated with the fund transfer.
Advantages of Investing in Gold
Gold is a tangible asset. Most assets need some form of maintenance or another. However, gold is a physical metal and has fewer storage risks compared to agricultural products.
In addition, most precious metals, including gold, cannot be destroyed by fire or water; they do not undergo wear and tear. Owners of precious metals do not require digital technology or similar utilities to maintain their assets.
Holding precious metals does not require the owner to sign contracts with other parties, intermediaries, or partnerships of whatever form.
Portfolio Diversification
Having a good mix of assets like real estate and precious metals is a good risk diversification strategy for your portfolio. A diversified portfolio performs better at value retention, especially when the market is volatile.
We recommend buying gold and silver as you would invest in a long-term asset; seek the best-priced asset and remain patient as you wait for the investment to pay back the money.
It helps to know the investment may take a while to give back the expected returns.
Financial Insurance
Similar to investing in life and health insurance plans, ensure you buy only from genuine and reputable agents. The greatest benefit of buying precious metals is the safety they provide to the rest of your wealth.
Ordinarily, one can buy gold from a local coin shop or a trusted online dealer. Consider going through the shops close to you and inspecting the product yourself. Avoid pawnshops; instead, look for a shop in a prime location in town.
Take caution when dealing with any seller or broker, whether in person or online. Ensure you exercise maximum caution to avoid falling for fraudulent schemes.
One useful tip to remember is that many trustworthy online brokers have a physical shop location; they avoid pressuring you to make the purchase and are ready to offer all the information you need to make the right call.
Is Zaner Precious Metals a Scam?
No Zaner Precious Metals is not a scam, they are genuine businesspeople.
The company has over 40 years of professional experience and has been approved by the Better Business Bureau for the last two decades, scoring an average A+ rating with the organization.
From the BBB website, Zaner Precious Metals company has no customer complaints or general customer reviews. The company does not have any dependable reviews from many third-party websites.
Pros
Cons
Conclusion
Zaner Precious Metals can be considered a successful business in the gold and silver bullion business and has served many clients.
Nonetheless, owing to their virtually non-existent reviews, complaints, or imprints in the precious metals industry.
For this reason, we advise interested investors to work with a more established organization.
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I started BMOGAM Viewpoints as a way to compile all my views on investing in one place. I own my home, have some real estate, and own a few stocks like most people, but what really drives my interest in investing is I have a strong love of precious metals, especially gold.
