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Texas Precious Metals is a precious metals dealer offering a wide selection of coins and bars in gold, silver, and platinum. Before we dive into this comprehensive review, we want you to understand how we come to our conclusions about the companies we evaluate.
At Barcode of Life, we understand the importance of your financial decisions and the trust you have in our information. We conduct in-depth research on every company we review, including their reputation, product offerings, and history. Our goal is to provide you with reliable, comprehensive information so you can make confident choices.
We hold a skeptical view of banks, the monetary system, and politicians, recognizing that these entities often cater more to the wealthy than everyday investors. Therefore, we strongly advocate for individuals to have greater control over their own finances, firmly believing that they should have the power to make decisions about their money, reducing dependence on institutions and politicians.
Texas Precious Metals had its grand opening in 2011 and has become one of the largest precious metal dealers in the United States. Based in Shriner, Texas, Texas Precious Metals operates a brick-and-mortar retail location and an online store.
Texas A&M University named the company the Number One Fastest Growing Aggie-Led or Owned Business Globally. Inc. Magazine ranked the company among its 200 Fastest-Growing American Companies in 2015.
Tarek Saab is the founder and president of the company, and Jason Kaspar is the co-founder. Kaspar Texas Traditions is the holding company for Texas Precious Metals.
Tarek Saab graduated from Saint Anselm College with a BA in liberal arts and then from the Catholic University of America with a BS in Electrical Engineering. Jason Kaspar graduated from May's Business School – Texas A&M University with a Bachelor of Finance/Business in 2005.
A significant part of our research involves searching for customer reviews. We want to know what customers say to determine if the company exceeds expectations or falls short. As we researched, we found many happy customers. The following are some common themes in the Texas Precious Metals reviews we read.
We could not find any truly unhappy customers. Some reviews stated the shipping process was slow, but others said it was fast. The company's overall rating appears to be favorable among customers, and most said they would buy physical precious metals from Texas Precious Metals again.
It would be best to read each Texas Precious Metals review on consumer review sites to learn how well this company competes in the precious metals industry. There are many places to research, but we always start with the Better Business Bureau.
We checked the BBB rating and found Texas Precious Metals has an A+ rating and has been accredited since 2011.
The company has no customer reviews, which seems odd given its years since opening. There was one complaint filed and solved within the last three years.
The complaint revolved around a request for customer feedback. The customer claims he gave 3.5 stars out of 5 and received email communications from the company's president. The customer says the president was aggressive and then closed his account.
The president claims the customer was aggressive, and Texas Precious Metals has the right to refuse service to anyone. The customer initially gave the lower rating because of slow shipping on his purchase of gold coins.
Our next stop was Business Consumer Alliance, which has no ratings. The company received an AA rating here. The company has zero complaints on the BCA.
Texas Precious Metals has 4.7 stars out of 5 based on 25 customer reviews. All reviews except one were glowing.
Customers seem to be very happy with the Texas Precious Metals products. The only complaint was about slow shipping. A customer stated that the company promises to ship items within three days. The customer says it can take longer, and the company did not offer a timely delivery of their silver bars.
Customers like that the company offers the most competitive prices and fanatical customer service. Most people say Texas Precious Metals is a great company that offers excellent attention to meet customers' needs.
Companies cannot please everyone. If you read customer reviews, it is clear that Texas Precious Metals is a company that is focused on customer service.
We outline the pros and cons of this company below to help you determine their overall rating.
Texas Precious Metals is affiliated with the following companies:
Checking the professional affiliations of companies in the precious metals industry is essential. Companies affiliated with the American Numismatic Association must adhere to stringent guidelines for operation. The Industry Council for Tangible Assets also holds companies affiliated with them to strict expectations.
Texas Precious Metals is a legit company with honored affiliations and various awards. They are near the top among precious metals dealers in the United States and continue receiving glowing customer reviews after completing precious metal purchases.
What metals does Texas Precious Metals offer for precious metals IRAs? The company offers a range of gold, silver, and platinum products. You can buy from them hassle-free with low premiums.
On the Texas Precious Metals website, you will find a range of gold coins and gold bars. Retail prices are based on the current gold price and are subject to change daily.
You can find the following in the company's online or store inventory.
The company currently offers gold bars in one ounce, ten ounces, and one kilo. Many of the gold options are IRA-approved.
Texas Precious Metals also offers an extensive inventory of silver bars and coins. The company provides one-ounce, ten-ounce, kilo, 100-ounce Texas, and RCM silver bars.
They also offer the following silver coins:
Silver is a popular choice among precious metals because it is more affordable than gold and platinum, making it more accessible to the average investor. Perth Mint Silver is an excellent option for strategic wealth preservation.
Platinum is a popular choice among investors, and many purchase it as a part of their precious metals IRA and store it in an approved storage facility.
We found the following options on the Texas Precious Metals website.
The company only offers one-ounce Valcambi bars, but we urge you to check back often because their inventory can change. Texas Precious Metals also provides options from the Perth Mint.
Texas Precious Metals does offer gold IRA services. The company partners with some of the top names in the precious metals industry, including GoldStar Trust Company, Midland Trust Company, Kingdom Trust, and Strata Trust.
These custodians will assist you with a gold IRA rollover or help you open an account with a wire transfer. With help from an expert who will guide you through the process, IRA rollovers are easy to conduct.
These accounts put you in control of your financial future and help you invest in gold while obtaining tax advantages. Gold IRAs are an excellent way to prepare for retirement.
The Texas Depository is ideal for storing your gold, silver, and platinum. It is fully insured by Lloyd's of London, and the company offers class 2 and 3 underground vaults for long-term company storage and short-term client storage.
It is important to note that the IRS requires investors to store their gold in approved depositories like the one Texas Precious Metals offers. You cannot store your gold at home with a precious metals IRA.
The company also partners with Strategic Wealth Preservation, a storage facility in the Cayman Islands for international storage. This depository is approved for gold IRA storage, allowing customers to store their investments outside North America. The process is easy; your custodian will handle most of the paperwork.
Texas Precious Metals bills your account on a market-to-market basis. The annual premium covers 100% of your storage and insurance.
The following are the rates, and there are no account setup fees.
Unlike some companies in the industry, the company does not charge viewing fees or withdrawal fees.
Texas Precious Metals offers a handsome buyback program for its customers. Each product page contains the buyback price, which changes regularly based on the spot and retail price of gold.
All you need to do is call the company during their normal operations and lock in your buyback price. You must have a major credit card to lock in the price.
You can choose your own shipping and insurance options or use the company's. They offer pickup and delivery through UPS. You will need to pay the cost of the label for pickup.
Not only does the company offer a buyback program for products it has sold, but Texas Precious Metals will also buy precious metals they did not sell. You will receive your funds when the company reviews your precious metals.
TPM prides itself on its fast shipping rates because it only sells what it has in stock. The company promises to ship your metals within three days of payment.
Occasionally, the company misses the mark due to no fault of their own, as customers have reported. Amendments are made immediately.
Once your order ships, the company will email you a tracking number so you can keep a check on your shipment. Orders ship insured.
You will experience great customer service throughout the process, whether you buy for your private collection or go through IRA rollovers. They will work with you every step of the way.
Many alternatives exist to Texas Precious Metals, but you should proceed cautiously when buying bullion. Vet the company carefully so you can make an informed decision. Check out our other reviews to get a good idea of what is available in the industry.
There is no sales tax on precious metals in Texas. Some states require you to pay sales tax once you receive your bullion. You may be asked to report out-of-state purchases on your state income tax return.
Texas Precious Metals takes debit and credit cards. They accept Visa and Mastercard on orders up to $10,000. They will accept cash payments for in-person bullion pickups up to $10,000 annually.
Gold is the best precious metal to buy right now because it usually performs well when the dollar drops during high inflationary periods. Investing in bullion helps diversify your investment portfolio and protect your wealth for retirement.
We have worked tirelessly to provide accurate information in this Texas Precious Metals review. We are impressed with this company overall, though we feel they could improve their shipping speeds in some instances. We feel you can trust Texas Precious Metals with your investment needs, though other options may fit your specific investment strategy better.
As always, we urge you to research and read reviews to understand what to expect from a company. We have reviewed many gold IRA companies and take great pride in offering extensively detailed information without simply slapping our opinion on a review without careful thought.
Texas Precious Metals appears to be an excellent company, though they do not offer palladium products. Whether you work with TPM or another dealer, do your research to protect your investments so you can have peace of mind. Check out your options and be sure you are making the right choice.
Recognizing that banks often serve the interests of the wealthy rather than everyday investors, we approach banks, the monetary system, and politicians with skepticism. We strongly believe that individuals should have greater power over their finances, empowering them to make decisions about their money independently and reducing reliance on institutions and politicians.
