If you pay any attention to the news or the stock market, sometimes stock prices can feel like they're constantly yo-yoing. One day they're up, the next they've dropped down, and you're in the red. Investing some of your money in precious metals, such as gold and silver, is one way to protect yourself against this stock market volatility.
Zaner Precious Metals is one company you might want to work with, but do you know enough about them yet to make a decision? We're here to help you learn more about Zaner Precious Metals so you'll be able to determine whether you're ready to give them your business, or if you think you should continue searching for another gold investment company.
About Zaner Precious Metals
Zaner Precious Metals was founded in 2013. It is a precious metals dealer that was founded by Matthew Zaner. The parent company, Zaner, has over 40 years of experience in the financial industry.
Zaner Precious Metals offers a variety of services to its customers, including selling precious metals, buying precious metals, and helping customers open a Precious Metals IRA. The parent company, Zaner, is also a member of the Natural Futures Association, the National Introducing Brokers Association, and the Illinois Chamber of Commerce.
Bullion and Coins
Zaner Precious Metals offers gold, silver, platinum, and palladium bars and coins for their investors. Here are some of the items you can choose to add to your portfolio:
Precious Metals IRAs
Zaner Precious Metals works with New Direction Trust Company to help their customers set up Precious Metals IRAs. Investing in precious metals in your IRA can help you save for retirement and diversify your portfolio to protect it against stock market volatility.
Whether you are looking to open a new Precious Metals IRA or want to roll over an existing retirement plan, New Direction Trust Company can help you. After your new account is all set up, you can choose from the various IRA-approved precious metals offered by Zaner to add to your account.
Selling Precious Metals to Zaner
Zaner Precious Metals may be interested in purchasing your gold, silver, platinum, or palladium coins or bars. Their website states that they purchase any of the items they sell, so you can check with the list of available coins and bars to see if they may be able to purchase what you want to sell.
Are There Any Red Flags for Zaner Precious Metals?
Most likely, one of the reasons you're reading this article is to determine whether there are any red flags for Zaner Precious Metals. In our experience, checking with reviews from past customers can tell you a lot about what you can expect should you decide to work with a company.
So, as we were preparing to write this review, we checked with five of our favorite review sites: the Better Business Bureau, the Business Consumer Alliance, TrustLink, Trustpilot, and Google. Out of these five sites, we only found reviews listed on Google, and even there, we only found six reviews.
While the six reviews on Google were all very positive, it would have been more reassuring to have been able to read through more positive reviews from a greater number of customers. When you have more reviews to go off of, it can definitely help you feel more confident about trusting a company. This can be even more true when you're talking about making a large purchase, such as for precious metals.
Is Zaner Precious Metals a Scam?
No, we do not believe that Zaner Precious Metals is a scam. Zaner Precious Metals has been around for nearly 10 years, and its parent company, Zaner, has over 40 years of experience in the financial industry. It is not likely that a company that was anything other than legitimate would be able to stay in business for so long.
Now we have established that Zaner Precious Metals is a legitimate company. Are they the right company for you, is the question?
We think there are some positive aspects to this company, but Zaner Precious Metals didn't make the cut to be listed as one of our top recommended precious metals companies.
One of the main reasons we can't strongly recommend Zaner Precious Metals is due to the lack of customer reviews. Like we mentioned above, we were only able to find six reviews total across the five review sites we checked. This doesn't give us enough confidence to recommend Zaner to our readers.
Another reason we think you may be happier with a different company is that some other companies offer a larger selection of precious metals than you'll find with Zaner Precious Metals.
Many of the coins, particularly the silver coins, are only available to purchase in tubes of at least 20. If you are looking to only invest in a few pieces or purchase a variety of different items, this may not be ideal for you.
Pros & Cons of Zaner Precious Metals
Zaner Precious Metals is a legitimate gold, silver, platinum, and palladium dealer. There are many positive aspects of this company, from the online shopping and checkout options on the website to the 40 years of experience the parent company has in the financial industry.
However, we still think that the companies that made our list of the best precious metals investment companies are your best bet when you're looking to purchase gold, silver, platinum, and palladium. But the decision is yours to make. What do you think? Will you be checking out Zaner Precious Metals, or would you like to learn more about some of the other options available to you?