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Bear Lake Gold has conducted this Texas Precious Metals review to give our expert opinions on this precious metal company. Unlike other Texas Precious Metals reviews online, we will provide accurate, manually fact-checked, and updated information about what the company sells, its management team members, and how reputable it is in the precious metals industry.
In addition, we will give you details about its precious metals IRA (Individual Retirement Account) and bullion offerings, shipping, depository service, and payment methods.
We used our standard gold dealer review methodology for this Texas Precious Metals review. As a crucial aspect of all our review processes, we reached out to clients who have done business with the company, its customer representatives, and some of its management team members.
Sadly, the information we got from this company was not convincing enough for us to rate them as one of the top 30 recommended gold companies in the United States. To see the information we got, please read this Texas Precious Metals review till the end.
Investing your money in a market with less volatility and low risk is ideal for strategic wealth preservation. One of the markets with less volatility and low risk is the precious metals investment market. These features make it one of the safest investment vehicles to save for retirement.
Saving your money in a gold IRA or other precious metals IRA is like saving it in a tax-efficient fixed savings investment vehicle. The fixed savings regime ensures that your capital is secure. However, you may encounter slight price fluctuations when buying precious metals products, and any investment has a level of risk associated with it.
Furthermore, research has proven that precious metal investment is one of the few investments that has kept up with inflation through the years. In most of these periods, gold IRA investments outdid inflation. Hence, be rest assured that investing your savings in a precious metals IRA is one of the best investment decisions you can take.
However, you may need help finding the most reputable gold company to trust with your savings because hundreds of precious metals dealers exist in the United States.
By the end of this Texas Precious Metals review, you will not only know if Texas Precious Metals is trustworthy, but you will also find out the best gold IRA company among our top five recommendations to invest in based on your needs, goals, and budgets. Our top five gold IRA recommended companies are:
To find out which of our top recommendations suit your investment budget, please click the links above to request their detailed review guides.
Texas Precious Metals started operations in 2011 at 959 Hwy 95N, Shiner, TX 77984. Since then, the company has become the largest precious metals company in the United States. The company is also a member of reputable precious metals dealers' organizations like ANA (American Numismatic Association), ICTA (Industry Council for Tangible Assets), and CCE (Certified Coin Exchange).
Three years after its inception (2014), Texas Precious Metals hit an annual revenue of $https://numismatics.org/153 million. Amazingly, it was able to achieve this fit with only 12 employees. From 2014 till now, Texas Precious Metals have transacted precious metals for clients worth over $500 million. Texas Precious Metals is an online precious metals dealer. However, it has its physical retail outlet based in Texas.
Texas Precious Metals was recognized as the No.1 fastest-growing Aggie-owned or led global business in 2014.
In 2015, the company ranked as the No. 200 fastest-growing private company in America. When we spoke to one of the staff in the company, he told us that Texas Precious Metals aims to give its clients value by offering them the following.
Texas Precious Metals has an easy-to-navigate website containing helpful investment information. The information on the website will also help you know more about Texas Precious Metals.
At any given time, this company offers Perth Mint Sovereigns, Canadian Maple Leafs, American Eagles, numismatic coins, and bars from many of the most prestigious mints worldwide, including Sunshine Minting PAMP Suisse, Valcambi Suisse, Johnson Matthey and more.
They also offer monthly specials on their Gold and Silver coin collections. Texas Precious Metals also provides free resources for investors, including educational videos, news updates, informational downloads, and a means to engage with Texas Precious Metals directly through social media outlets.
You can purchase precious metal products from the company by visiting its website or calling their mobile number/hotline.
Suppose you decide to buy products through the company's website. In that case, you must first open an account with Texas Precious Metals. After registering and opening your account online, you can now go to the product catalog and choose the metals you want to buy. The company's website shows that they sell gold, silver, and platinum.
After choosing the type, quantity, and size of the precious metals you want, add them to the cart, and then you are set to checkout. Click the Checkout button whenever you are ready to checkout. When you do, you will need to enter details like your shipping address, contact info, and your preferred method of payment.
Click the Place Order after confirming every detail you have entered to finalize your purchase and trigger the shipping process. Placing your orders is the last step. Texas Precious Metals will send the parcel to your shipping address when it confirms your payment. All orders purchased from the company enjoy free insurance.
Texas Precious Metals is a reputable dealer in the precious metals industry. One feature that shows they are legit and committed to providing their customers with fantastic services is their affiliations.
Texas Precious Metals is a certified member of the following precious metals associations.
Kespar Texas Traditions (KTT) own Texas Precious Metals. The Kaspar family owns KTT, and Jason Kaspar, a member of the family, is the Chief Executive Officer (CEO) of Texas Precious Metals.
The Kaspar Texas Traditions owns other businesses.
The company sells authentic/high-quality precious metal coins and bars in the following categories.
Some of the products you will see in the company's products catalog are:
Gold
Silver
Platinum
The products above are some of the coins and bars you will find in the company's catalog. You will also find other helpful tips on the Texas Precious Metals website to help you make the best purchase decisions.
Texas Precious Metals offer competitive prices for its precious metal products and its displays products' prices for visitors and clients to see on its website. Amazingly, some of its products are cheaper when you compare their prices with other leading precious metals companies in the industry.
However, be aware that certain factors affect the prices of precious metal products. These factors are:
Hence, it is ideal to do your research and compare the prices of products in various companies before purchasing them. Knowing the offerings available in various precious metal companies aid you in making the best decisions.
The most prominent Texas Precious Metals products on the company's website are gold and silver coins and bars. It sells few platinum products. Below is a complete list of the products on the company's website.
Gold Coins
Gold Bars
Silver Coins
Silver Bars
Platinum
Pre - 33
Gift Item
Texas Precious Metals does not offer IRA services because it is not an IRA custodian. However, it sells IRA-eligible precious metals products. In addition, they can help you to facilitate rolling over funds from your existing retirement account to your gold IRA.
On the company's website, you will find a list of gold IRA custodians that use the Texas Precious Metals Depository (TPMD) to store their client's gold IRA precious metals. These companies are:
Even with the list of custodians on the company's website, it is still up to you to decide whether to work with any of them or look for other trusted custodians to work with. However, you will save yourself the stress of researching hundreds of custodians to find the best if you decide to work with any company mentioned on the Texas Precious Metals website.
Alternatively, suppose you do not want to work with these listed custodians and do not have time to look for others to trust. In that case, you can open your gold IRA through any of our top recommended gold IRA companies: Augusta Precious Metal, Goldco, American Hartford Gold, Birch Gold Group, and Noble Gold Investments. Click on them to see the list of gold IRA custodians our recommended companies work with.
At any given time, this company offers Perth Mint Sovereigns, Canadian Maple Leafs, American Eagles, numismatic coins, and bars from many of the most prestigious mints worldwide, including Sunshine Minting PAMP Suisse, Valcambi Suisse, Johnson Matthey and more.
They also offer monthly specials on their Gold and Silver coin collections. Texas Precious Metals also provides free resources for investors, including educational videos, news updates, informational downloads, and a means to engage with Texas Precious Metals directly through social media outlets.
Texas Precious Metals does not offer IRA services because it is not an IRA custodian. However, it sells IRA-eligible precious metals products. In addition, they can help you to facilitate rolling over funds from your existing retirement account to your gold IRA.
On the company's website, you will find a list of gold IRA custodians that use the Texas Precious Metals Depository (TPMD) to store their client's gold IRA precious metals. These companies are:
Even with the list of custodians on the company's website, it is still up to you to decide whether to work with any of them or look for other trusted custodians to work with. However, you will save yourself the stress of researching hundreds of custodians to find the best if you decide to work with any company mentioned on the Texas Precious Metals website.
Alternatively, suppose you do not want to work with these listed custodians and do not have time to look for others to trust. In that case, you can open your gold IRA through any of our top recommended gold IRA companies: Augusta Precious Metal, Goldco, American Hartford Gold, Birch Gold Group, and Noble Gold Investments. Click on them to see the list of gold IRA custodians our recommended companies work with.
Texas Precious Metals ships customers' precious metal products using UPS courier services. They offer free shipping on all orders, and orders above $1,000 will get Next Day shipping services.
In 2018, Texas Precious Metals set up its private depository. The storage facility is called Texas Precious Metals Depository, and it provides precious metals storage solutions for IRA custodians, individual investors, and other large corporations who want to store their metals in a secure storage depository.
Texas Precious Metals opened its Texas depository in Shiner, Texas. Customers who store their precious metals in this Texas depository can walk in and inspect their metals when they want to. All they need to do is to book an appointment to be allowed to access their metals.
The company accepts various payment options. Below is a list of the payment methods that Texas Precious Metals accept.
The company accepts Mastercard, Visa, Discover, and American Express payments. If you purchase products worth below $5,000 using your credit card, you will pay a 3% processing fee. Orders above $5,000 via credit cards do not attract processing fees. Making payments through bank wire transfers will attract a $45 wire transfer fee.
You can also pay with cash when you go in person to buy products from its physical office in Shiner, Texas.
The company offers its customers a money-back guarantee of 30 days. In addition, it allows customers to cancel their orders within 30 days if they are unsatisfied with or change their minds about their product purchases. In summary, you can cancel your orders or return products bought from the company if unsatisfied.
Texas Precious Metals requires that you contact the company's customer service within a 30-day time window from the day you placed your order or received your delivery before you proceed to cancel or return orders and products you are unsatisfied with.
After contacting the customer service department and informing them that you want to cancel your orders or return the product, you will be asked to ship the products back to Texas Precious Metals. You will be responsible for the shipping fee back to Texas Precious Metals. In addition, every order cancellation attracts a cancellation fee of $35.
Texas Precious Metals offers its customers a buyback program on all their precious metals products. However, the metals you intend to sell to the company must meet Texas Precious Metals requirements. You must contact the Texas Precious Metals customer service representative department to facilitate the process if you want the company to buy back your precious metals.
When you contact the department and inform them about the metals you want to sell, they will give you a quote. You must agree to the quote to lock in the buyback price. After agreeing with the quote, you must ship the metals to Texas Precious Metals within a day of locking in the quotation price. If you do not have time to send the metals to the company, you can opt for their door-to-door pickup service.
As part of the company's buyback requirements, your metals and the original packaging must be in good condition. In addition, the company will buy your metals based on their current market price.
If you sell precious metals worth below $5,000 to the company, you will pay a 1% buyback fee. This fee is not applicable for the buyback of metals worth above $5,000.
Texas Precious Metals offers its customers a school of educational resources to help them learn more about gold and silver investing. In addition, these resources will help them make informed investment decisions about their precious metal purchases. The educational resources that Texas Precious Metals offer its customers are:
The company has dozens of publications on precious metals investing. These articles and blogs cover topics ranging from gold and silver investing basics to advanced precious metals investment plans.
You will find an Updates and News section on the Texas Precious Metals website. This section gives investors the latest information and updates about the gold and silver industry. Aside from written content, you will also find videos and infographics explaining very complex concepts of the gold and silver market in a way beginner investors can understand.
The company has a YouTube channel containing videos on gold and silver investments and investing.
Apart from offering traditional video and written educational resources, Texas Precious Metals customers can enjoy physical seminars and webinars. These webinars and seminars aim to avail investors the opportunity to learn from leading precious metal experts in the industry and get answers to their questions.
One of the ways you can know if a company deserves your trust is how it treats its investors. From the details we got from a few customers who do business with the company about customer satisfaction, it treats its investors well. Hence, although the company has few reviews, some of them are positive.
Sadly, Texas Precious Metals does not have life a chat feature. Customers who want to reach the company urgently must go through its call center or send an email through the company's address on the website.
Texas Precious Metals has no current promotions for new investors buying precious metals. Suppose you want to get a head start in your gold investment journey via amazing promotional offers. In that case, we suggest you begin your gold IRA investment journey with Goldco.
The company rewards new investors with free silver worth $10,000 when they open their gold IRA accounts and qualify for a rollover. Click the banner below to CLAIM YOUR FREE SILVER WORTH $10,000 NOW!
A+
One closed complaint in the last three years.
AA Rating
We are not really sure how they scored an AA rating as we could not find any reviews on this site for Texas Precious Metals.
5 out of 5 stars
This rating was only based on 6 reviews
No rating
No reviews
3.7 Stars out of 5
Again this was a tiny sample as there are only 1review of on Trustpilot currently
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To conclude this Texas Precious Metals review, we will give our final verdict on this precious metal company. Texas Precious Metals is a legit Texas-based precious metals dealer and an affiliate of Texas Bullion, Ltd., located in Austin and Dallas, Texas.
The dealer aims to allow investors to buy precious metals at affordable rates and offers many valuable incentives, such as free shipping and competitive pricing across their entire catalog of gold and silver products.
Texas Precious Metals gives its investors free resources such as educational videos, news updates, informational downloads, and a means to engage directly through social media outlets.
Their website has plenty of helpful information, including videos that will walk you through how to buy physical gold & silver from the website. In addition, they have a guide on investing in gold & silver, which will let you know the best investment options for your needs.
Texas Precious Metals is a good choice for investing in gold bullion and precious metal coins, whether it be your first time or hundredth time buying gold online. However, we did not rate the precious metals firm in the top 30 providers of gold IRAs because they do not offer IRA services. In addition, their lack of ratings on trusted consumer rating websites, even after raking in transactions worth over half a billion dollars over the years, can be because most customers wanted more services.
There are better and stronger players in the physical precious metals market that offer IRA services and have thousands of positive reviews and 5-star ratings on trusted consumer rating websites. For instance, our top-rated gold IRA companies are Augusta Precious Metals, Goldco, Hartford American Gold, Birch Gold Group, and Noble Gold Investments.
If you want to open a gold or precious metals IRA plan or transfer money from your 401k, 457b, or 403b plan, we suggest you check out our reviews of the top five gold IRA companies on our homepage. Alternatively, download the precious metals IRA guides from our top recommendations below.
Yes! You can pay for orders from the company's website using Visa, Discover, MasterCard, and American Express credit and debit cards.
