Texas Precious Metals Review

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Last Updated on: 10th May 2023, 11:55 am

Texas Precious Metals

Texas Precious Metals - byJack Choros, April 1, 2011

4/ 5stars

Texas Precious Metals

Phone : (361) 594-3624
URL :
www.texmetals.com

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Review Summary :

Since its inception a decade ago, Texas Precious Metals has grown to become one of the largest full-service precious metal dealers in the industry. In 2015, Inc Magazine deemed it the “No. 200 Fastest-Growing Private Company in America''. Not only is Texas Precious Metals a precious metals bullion dealer, it likewise helps clients establish Gold IRAs, and operates its own Class 2 storage vault. The catalog contains a large variety of gold, silver, and platinum coins, and bars, many of which are IRA-approved. Unfortunately, many of the coins are deemed “Out of Stock”. Texas Precious Metals’ preferred custodians are Kingdom Trust Company and GoldStar Trust Company. Secure vault storage is provided by either the company’s own domestic depository or Strategic Wealth Preservation (SWP) in the Cayman Islands for an international option.

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Pros:

Work with preferred 3rd-party custodians to provide IRA services
Low fees and reasonable markups
Great customer reviews on Yelp and Trustpilot

Cons:

Not BBB accredited
Not much is known about company management team
Relatively inexperienced in the gold IRA industry (2011)

Quick Facts about Texas Precious Metals

Year Founded:2011

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Table of Contents

Company Info & Background
Texas Precious Metals Management Team
Texas Precious Metals Custodians and Storage
Texas Precious Metals Products
Texas Precious Metals IRA Info
Texas Precious Metals Reviews, Ratings, and Complaints
Texas Precious Metals Contact Information
Review All IRA Options Before Investing

Company Info & Background

Established in 2011, Texas Precious Metals has become one of the largest precious metals companies in the US. The company offers bullion coins and bars, runs its own domestic depository facility, and helps customers set up precious metals IRAs via its partnerships with Kingdom Trust Company, and GoldStar Trust Company.

The company’s inventory contains a myriad selection of gold, silver, and platinum products, including an excellent variety of products eligible to be held in a Gold IRA. In addition, there are some numismatics available for collectors.

Texas Precious Metals has a comprehensive online “Precious Metals Buyer’s Guide” providing the public with a myriad of information regarding precious metals investment. In addition, there is a “News, Updates, & Info” section on the website.

Texas Precious Metals Management Team

The founders of Texas Precious Metals are Tarek Saab and Jason Kasper. Additionally, Saab is the firm’s president.

Texas Precious Metals Custodians and Storage

Texas Precious Metals’ preferred IRA custodians are Kingdom Trust Company and GoldStar Trust Company.

The Texas Precious Metals website says the following apropos of storage:

“We offer long-term storage solutions at Texas Precious Metals Depository for individual investors as well as IRA customers. Texas Precious Metals maintains class 2 and class 3 equivalent vaults in our high-security underground Texas facility which is fully insured by Lloyd’s of London.”

Moreover, Strategic Wealth Preservation (SWP) in the Cayman Islands is an international option.

Texas Precious Metals Products

The Texas Precious Metals inventory is vast, containing a myriad of gold, silver, and platinum products. Many of the available coins and bars are eligible to be held in a Precious Metals IRA. Pertaining to IRA-eligible options, the selection includes Austrian Gold Philharmonic, American Gold Buffalo, Australian Gold Kangaroo, Gold Canadian Maple Leaf, American Platinum Eagle, American Gold Eagle, Canadian Platinum Maple Leaf, Canadian Silver Pronghorn Antelope, Canadian Silver Maple Leaf, American Silver Eagle, and the Silver Britannia.

View more Texas Precious Metals products here.

Texas Precious Metals IRA Info

Company	Texas Precious Metals
Annual Cost	Variable
Partnered Storage Vaults	Texas Precious Metals Depository, Strategic Wealth Preservation (SWP)
Partnered Custodians	GoldStar Trust Company and Kingdom Trust
Metals Available	Gold, silver, and platinum
Scaled or Flat Fees?	Flat Fees
Years in Business	10 years (2011)