Many people buy gold and silver when saving money and planning for the future. Texas Precious Metals is a well-known online gold dealer that sells these valuable metals.
They have a wide selection of items, including gold coins, silver bars, and other metals, that help people invest their money wisely. This company is known for being honest with customers, fair, and always ensuring they are happy.
In this Texas Precious Metals review, I’ll closely examine what they offer. How do their prices compare to others, how do they treat their customers, and can they be trusted?
This will help you decide if you should buy precious metals from them to help grow your investments!
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What is Texas Precious Metals?
Texas Precious Metals is a well-known company that sells precious metals and helps people invest in them. It started in 2011 and quickly became important in its field.
Tarek Saab and Jason Kaspar started the company with their parent companies, Saab & Company Inc and Kaspar Texas Traditions (KTT). They picked Texas as their main spot and worked there to help people buy metals such as gold and silver.
In the beginning, Texas Precious Metals sold a lot of metal at one time to big buyers. But now, they also help people buy precious metals daily to save money. They even allow people to add metals to their retirement savings accounts.
They have a secure underground location where they keep gold safe, and they sell gold online, too. This place helps many different customers, from everyday people to big stores.
Big mint companies worldwide and the US Mint think highly of Texas Precious Metals. They are also part of some professional groups that show they are a trustworthy and serious business.
In short, Texas Precious Metals is a company that helps people add gold and silver to their savings, teaching them how and why it’s a good idea. It’s been growing quickly and is seen as a reliable place to buy precious metals.
What Makes Texas Precious Metals Stand Out?
Texas Precious Metals stands out by making buying easy and friendly for everyone. They offer free shipping and insurance on everything you buy, no matter how much you spend.
This means your items will arrive safely without extra costs, and for orders over $1,000, they will even be shipped fast the next day.
There’s no minimum amount to spend, so you can buy whatever you need, big or small. Orders are sent out quickly, within three business days, because they only sell what they have in stock.
You can pay with Visa or MasterCard for orders up to $10,000, making payment straightforward. They make it simple if you want to include precious metals in your retirement savings.
They also let you set your buying price with limited orders, and their prices are usually less than what others charge. Everything about their prices is clear and upfront on their website, with no sales calls or hidden fees.
What Products Does Texas Precious Metals Offer?
This section discusses all the items that Texas Precious Metals sells. I’ll explain what makes these items special and the choices available for making a big or small investment.
Gold
Texas Precious Metals has a great collection of gold for investors, especially regarding coins and bars that meet different needs.
The American Gold Eagle and American Buffalo coins are very popular choices because they are pure and backed by the government, making them trustworthy for investors.
These well-known coins most often come in sizes of 1oz or 1/10oz, letting people choose how much they want to invest.
Texas Precious Metals also sells special gold rounds with Texas designs. People who collect coins like them for their unique look, and investors buy them for the gold they contain. These rounds are usually 1 ounce and come from top-quality makers, offering interesting choices for buyers.
If you are interested in gold bars, you can find options from well-known brands like Credit Suisse, Valcambi, and the Royal Canadian Mint.
These bars are usually in 1-ounce and 10-ounce sizes. They are great for those who want to invest in a lot of gold at once because they are easier to store and often have smaller extra costs than coins.
Silver
Texas Precious Metals is a top online precious metals dealer for buyers looking to get their hands on silver in various forms.
They offer a mix of large silver bars for those wanting to make a big investment and smaller coins for those who prefer buying little by little. This approach lets every investor customize their silver collection to match their plan.
Regarding silver, Texas Precious Metals shines, providing almost double the options compared to their gold items.
They’re especially proud of their partnership with the Perth Mint, which allows them to offer unique and eye-catching silver pieces to their customers.
One of their star items is the Texas Silver Round, which has been a big hit in the US, selling over 2.5 million in just five years.
They’ve also introduced a smaller version of the big 500-coin boxes called “mini-monster boxes” to make buying in bulk more manageable for more people.
Their range of silver coins includes well-known and more unusual ones, covering Australian and British special edition coins that collectors will love. However, these coins sell out quickly, showing how much people want them.
Though there aren’t as many silver bars to choose from compared to coins and rounds, the ones they do have are mainly larger, over 100 ounces. But the diverse selection of rounds offers a good alternative for those looking for something smaller.
Platinum
Platinum is a rare and valuable metal often included in investors’ portfolios. It has important industrial uses.
Popular choices include the Austrian Platinum Philharmonic Coin, known for its design featuring Vienna’s famous orchestra, and the 1 oz Valcambi Platinum Bar, praised for its high-quality Swiss make.
Other favorites are the Canadian Maple Leaf Platinum Coin and the American Platinum Eagle Coin, both known for their purity and trusted origins.
The 1 oz Royal Mint Tudor Beast Bull of Clarence Platinum Coin is also popular, appealing for its historical significance.
Prices for these items vary, generally higher for coins than bars due to their detailed designs and collectible value.
PRE-’33
Pre-’33 gold coins are special old coins made before 1933, when America stopped making gold coins for everyday use. These coins are rare and made of gold, which is why people like them.
Some well-liked old gold coins include the 20 Francs Swiss Helvetia and the 20 Francs Gold French Rooster because they look beautiful and are important pieces of history.
Also very special are the $20 Saint-Gaudens and the $20 Liberty Gold Double Eagles, which are famous for their amazing designs.
The cost of these coins can change, but they are usually quite expensive, often between $300 and $500 or more, depending on how rare they are and the current price of gold.
Gift Items
Texas Precious Metals offers cool gift items for people who like collecting or investing in precious metals. They have special boxes to keep coins safe and look nice.
You can buy silver rounds, like special coins, celebrating things like the US Navy or the US Army. They also have silver bullets, not for shooting but as a unique way to collect silver.
Plus, they sell this smart device that helps you check if your metal is real and some gold rounds with nice boxes. They even have a gold bracelet you can wear.
What Services Does Texas Precious Metals Offer?
Texas Precious Metals is great at providing many services for people who want to invest in precious metals.
Let’s find out about them below:
1. IRA Rollovers
Texas Precious Metals makes it easy for people to move their IRA into precious metals, a key step in retirement planning. They guide customers through every part of this process.
- Choosing a Custodian: You can choose a custodian (like a bank or a special firm that manages your investment) with Texas Precious Metals’ help or on your own. Custodians help with paperwork, taxes, and other services and charge fees for their services.
- Funding and Selecting Metals: After picking a custodian, you put money in your account and agree on prices with Texas Precious Metals. The custodian pays Texas Precious Metals for you. You also choose where to keep your metals, ensuring your custodian agrees.
- Buying Precious Metals: Buying metals is simple. Tell Texas Precious Metals your IRA account details, and they’ll get the payment from your custodian. Once paid, they send your metals to be stored safely.
Understanding Self-Directed IRAs
With a self-directed IRA, you decide on investments, but you can’t physically hold the metals yourself; your custodian keeps them.
Selling Metals
If you want to sell, Texas Precious Metals sets up the sale. Your custodian sends the metals to them, and they pay your custodian within a day.
Working with Custodians
Texas Precious Metals has a list of trusted custodians (GoldStar Trust Company, Kingdom Trust, and Strata Trust Company) and works with various IRA types, making it easier to find a good fit.
Texas Precious Metals ensures customers understand how to move their IRA to precious metals, offering support to make this important retirement step secure and straightforward.
2. Texas Precious Metals Depository Services
Texas Precious Metals Depository (TPMD) is a special place in Texas where people can safely keep their gold, silver, and other valuable metals.
It’s unique because it’s covered by insurance from Lloyd’s of London, which means that they are protected if anything happens to the metals, like theft or damage from a disaster.
TPMD is the biggest in Texas, and it’s good at keeping metals safe. It has strong doors, fingerprint checks, and guards to ensure security.
They don’t mix up your metals with anyone else’s, and if you ever need to sell them, TPMD makes it quick and easy.
Comparing TPMD with other places in Texas, they don’t charge you extra fees like others might for setting up an account or when you want to take out your metals.
Plus, their prices for keeping your metals safe are really good. So, opening an account with TPMD could be smart if you’re looking for a safe and affordable place to store your precious metals.
3. International Storage Service
Strategic Wealth Preservation (SWP) is a top-notch place in the Cayman Islands where you can safely keep your precious metals like gold.
It’s offered through Texas Precious Metals. This service is private and independent, making it a fantastic option for North American investors wanting to keep their assets protected abroad.
At SWP, your investments are fully secured, split from others, and insured. You have full ownership and can check on them with just a day’s notice.
SWP is especially good because it has strong security, offers quick access to your metals, and does not require you to store a minimum amount.
It’s also approved for retirement savings accounts (IRAs). Plus, you don’t have to worry about government reporting, making your investment private and secure.
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How to Buy from Texas Precious Metals
Buying precious metals from Texas Precious Metals (TPM) is easy and stress-free, with no pushy sales.
Here’s how you can buy:
- Order Online: Shop on their website whenever you like.
- Order by Phone: Call them at 361-594-3624 from Monday to Friday, between 8 a.m. and 6 p.m. CST, if you prefer speaking to someone.
- No Minimum Order: Since September 23rd, 2017, you can buy as much or as little as you want without worrying about a minimum amount.
After you order, check your email for the bill and payment details. Payment options include using cards (fastest option), cash (if picking up and under $10,000 yearly), ACH Transfer, or Bank Wire (great for bigger orders). The way you pay can change based on how much you spend.
TPM ships for free within the US, taking 3-5 days for orders under $999.99 or the next day for orders of $1,000 or more. Make sure to double-check their rules before you buy.
If you’re thinking about investing but unsure, it might be a good idea to ask for advice from a financial expert. This is how simple it is to purchase from Texas Precious Metals.
How to Sell to Texas Precious Metals
Selling your gold and silver to Texas Precious Metals is easy and safe. Here’s what you need to do:
- Call the Company: On Monday to Thursday between 8 a.m. and 6 p.m., or Friday from 8 a.m. to 4 p.m., call to set your price. You’ll need a credit card.
- Send Your Items Quickly: After locking in the price, you have one day to mail your metals. You can pick any mail service, but Texas Precious Metals can help with UPS shipping for orders over $1,000, where you only pay for the shipping label.
- Pack Securely: Double-box your items, and don’t write “gold” or “silver” on the package to avoid theft. Wrap items well inside, seal all box edges with strong tape, and include a blank check for payment through bank transfer.
- Drop Off Correctly: If you’re using UPS, take your package to a UPS Customer Center to keep your insurance valid.
They buy back even if they didn’t originally sell the item. Remember, selling certain large amounts needs to be reported to the IRS due to the law, but this mainly applies to big transactions. This way, you get cash for your investments simply by following the rules.
Payment Options
When making a purchase, customers have several payment options available, depending on the total order amount.
- For Orders Under $25,000: Customers can opt for an electronic bank transfer (ACH) by following the straightforward steps provided in the specific ACH payment guide.
- Bank Transfers: For those preferring this method, initiating a bank wire transfer might incur an additional fee ranging from $20 to $35. The necessary banking details required for the transfer are readily provided.
- Cash Payments: The company accepts cash payments of up to $10,000 annually per customer, but this can only be done in person at their location.
- Payment Options Based on Order Size: For purchases under $1,000, options include credit cards, cash (in-person), or ACH. For orders between $1,000 and $24,999.99, the same methods apply, plus the possibility of bank wire transfers. For high-value purchases of $25,000 or more, the company only accepts bank wire transfers, which need prior approval.
If You’re New to Precious Metals, Get Their Free Trading Guide!
If you’re new to investing in precious metals like gold or silver, Texas Precious Metals has a free guide just for you.
It’s simple to understand and covers everything important. You’ll learn if gold is better as an investment or for safety, how much of your money should go into precious metals, the differences between coins and bars, and how to buy them without confusion.
The guide also answers the most common questions with expert advice. Texas Precious Metals is a dependable company with a lot of experience, and their guide can help make buying precious metals easy for beginners.
Get this free guide and start your investment journey with confidence!
Customer Reviews and Ratings for Texas Precious Metals
If you’re looking to buy precious metals, it’s important to see what other customers have to say. Texas Precious Metals is known for its good service, as shown by its customer reviews and ratings.
Here’s a quick look at how they are rated on different websites:
- BBB (Better Business Bureau): They’ve earned the top score of A+ with the BBB, which means they’re doing a great job and can be trusted.
- Trustpilot: Over on Trustpilot, they have a 3.6 out of 5 rating based on two reviews, which is still a good sign from buyers around the world.
- Yelp: They have a strong score here with a 4.7 out of 5 from 26 reviews, showing that a lot of customers are really happy.
People really like Texas Precious Metals (TPM) because they’re friendly, have lots of different things to buy, and make shopping easy.
Customers trust them to buy popular coins like Silver Eagles and Maple Leafs. They have good prices, free shipping, and let you know what to expect when you buy.
They’re easy to talk to, whether you’re online or on the phone. However, when they’re very busy, it might take longer to get your order, which can be frustrating because they usually promise to send things out within three days after getting paid.
Pros and Cons of Texas Precious Metals
Before deciding to purchase precious metals from Texas Precious Metals, it’s wise to consider both the good points and the drawbacks.
Below are the pros and cons that could help guide your decision:
Pros:
Texas Precious Metals offers a wide range of gold, silver, and platinum products, giving buyers plenty of choices.
They sell unique sealed boxes that protect and organize coins, ideal for collectors. They also have their own secure storage for purchases, adding convenience.
Although they don’t handle everything for retirement accounts, they assist with setting them up by coordinating with external custodians.
Cons:
One downside is they don’t provide all the services needed to manage retirement accounts in-house. This means buyers need to work with another company for some services, making the investment process a bit more complex.
Is Texas Precious Metals a Legitimate Company?
Texas Precious Metals is a real and trusted company that started in 2011. People like it because it’s honest and treats customers well. They also keep your precious metals safe or send them straight to you.
Many people who buy and collect metals think highly of them. If you look online, you’ll find a lot of good comments from customers and signs that they are a respected company in the world of precious metals.
Conclusion
In conclusion, Texas Precious Metals is a trusted place to buy precious metals. They really care about their customers and make buying easy and clear.
If you’re looking to add gold or silver to your investments, they offer a safe way to do so. Their good practices make them a reliable choice in the market.
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