The Tornado Bullion Cart aggregates precious metals best bids and offers from all available sources, around the clock, providing investors and traders from financial institutions to geologists to coin dealers a liquid and up-to-the-minute mobile hedging solution.
It was created based on the model of foreign exchange price aggregation needed for the world’s largest institutions and governments to know current market values of various currencies for the purpose of risk management.
Said Pete Thomas, CEO of Zaner Precious Metals: “A decade ago, my COO and partner Tom Garland and I identified a demand in the gold community; there was no way for refiners, miners and coin dealers to protect themselves against market movement with regards to ‘odd lots’, or amounts of metal that weren’t 100 ounces in size. The Tornado Bullion Cart sprang from this need to help people hedge risk in the cash market and vis a vis other precious metals assets.”
“We were the first mobile hedging platform specific to hedging risk in precious metals, and notional value that is reaching the billion dollar mark is a testament to the importance of having a price aggregation system that works for all market participants in this asset class,” Thomas stated.
Added Matt Zaner, CEO of the Zaner Group, “We recently launched our precious metals subsidiary and Pete brought the Tornado Bullion Cart technology and more than a decade of experience using it to the development of this alternative asset class. Now, Zaner’s clients and prospects also will be able to tap into the increasingly large pool of participants for accessing best prices.”
ABOUT ZANER PRECIOUS METALS:
Zaner Precious Metals is a subsidiary of Zaner Group and is a full service precious metals dealer located in Chicago at 150 S. Wacker Drive. Products include gold, silver, platinum, and palladium in the form of bullion bars, and bullion coins. The majority of the bars and coins sold are “fresh” current year straight from the vaults of suppliers. Zaner Precious Metals services include buying and selling of precious metals, an offering of qualified IRAs, assistance with storage and insurance, use of the proprietary global hedging platform Tornado Bullion Cart, and media commentaries.
ABOUT ZANER GROUP:
The Zaner Group, Established in 1980 by CEO Matt Zaner, maintains custom clearing and trading relationships with multi-billion-
Matt Zaner, Matt@Zaner.com
Pete Thomas, Director, Zaner Precious Metals – 312-277-0140 [Toll Free 1-800-621-1414]