Texas Precious Metals Review

Texas Precious Metals Review

Are you considering an investment in precious metals? Look no further than Texas Precious Metals, a leader in the industry with a storied history dating back to 1898. In this blog post, you’ll learn about the company’s origins, product offerings, and the benefits of storing your precious metals with their world-class depository. Discover the Texas Mint’s innovative bullion products and the buying and selling process through trusted partners. Get ready to unlock the value of Texas precious metals!

Key Takeaways

  • Texas Precious Metals is a leader in the precious metals industry, offering gold and silver coins/bars of varying sizes & purity.
  • The Texas Precious Metals Depository provides secure storage solutions with comprehensive insurance coverage for clients.
  • The company is associated with local coin shops and online platforms, as well as experienced industry leaders such as Tarek Saab (President) & Jeff Irving (Director of Depository Operations).

Exploring Texas Precious Metals

Established in 1898, Texas Precious Metals commenced its operations as one of the top precious metals wholesalers in the United States. With their expertise, texas precious metals spun a niche for themselves in the industry, specializing in the acquisition and disposal of:
  • Gold coins
  • Silver coins
  • Gold bars
  • Silver bars
Throughout the years, the company has seen considerable growth and has become one of the top precious metals dealers in the industry.

The Birth of Texas Precious Metals

Jason Kaspar co-founded Texas Precious Metals, which has evolved from its modest origins to become a formidable force in the precious metals market. The growth trajectory of the company is a testament to its unwavering dedication to stellar customer service, competitive pricing, and a diverse array of superior products.

Texas Precious Metals’ Products

Texas Precious Metals' Products Texas Precious Metals offers an extensive selection of precious metal products, including:
  • Gold
  • Silver
  • Platinum
  • Palladium
Their gold products range from coins to bars, catering to various investor preferences. Silver products offered by Texas Precious Metals include ten-ounce silver bars with a lower premium and a compact size for convenient transport, as well as the ounce Texas Silver Round, which boasts a purity of .9999 silver and weighs one Troy ounce. For those interested in diversifying their precious metals portfolio, one ounce gold rounds are also available, and the popular Silver Eagle can be a great addition. The platinum and palladium offerings are procured from trustworthy mints and refiners, guaranteeing unparalleled quality and purity.

Texas Precious Metals Depository: Secure Storage Solutions

High-security vault door at Texas Precious Metals Depository As a world-class, private establishment, the Texas Precious Metals Depository provides storage services for precious metals to a diverse clientele. This includes retail clients, IRA custodians, family offices, and large institutions. The insurance policy for the depository covers the full value of metal contents in the facility, adjusted to prevailing market rates, and provides coverage for external theft, employee theft, fire, flood, and other natural disasters.

Private and Segregated Storage

Private and segregated storage in precious metals depositories guarantees that each investor’s metals are held separately from others and are not intermixed. By offering private and segregated storage, Texas Precious Metals Depository avoids commingling or allocating customers’ assets, thereby offering investment clarity and security. The advantages of utilizing private and segregated storage for precious metals include complete segregation, guaranteeing that your bullion is protected under your name and not shared with others or other assets.

Security Measures

Texas Precious Metals Depository implements extensive security measures to ensure the safety of the facility and its contents. Some of these measures include:
  • Bulletproof doors
  • Metal detection
  • Man traps
  • Truck traps
  • Biometric access
  • Armed security
In addition, the depository has 24/7 surveillance and 3 layers of concentric protection to help ensure complete safety. The facility’s security is further bolstered by man traps and truck traps, designed to keep unauthorized individuals and vehicles away from restricted areas.

Texas Mint: Crafting World-Class Bullion Products

Crafting process of the Texas Silver Round at Texas Mint Known for its superior bullion products, Texas Mint offers a range of options for investors, including:
  • The innovative “Texas Silver Round,” a favorite among investors
  • One-ounce gold bars
  • One-ounce silver bars
  • Texas Gold Rounds, featuring the Texas State Capitol as their theme

Texas Mint Introduces New Products

With a commitment to innovation, Texas Mint regularly updates its product lineup, introducing fresh and unique designs to attract investors and contribute to the Texas silver round’s popularity. Recent examples include the Texas Silver Bar, the Texas Gold Round, and the silver round featured – the 2023 Texas Silver Round with a custom gift box. Limited edition releases, such as the 1oz Texas Mint silver round coin sold by GSI Exchange, the mint silver eagle, and the Texas Rangers 2023 World Series Champions collection released by Highland Mint, provide collectors with rare and desirable pieces.

Unique Packaging and Presentation

Setting Texas Mint apart from competitors is its distinctive packaging and presentation. Individual plastic packaging is provided for 1 oz bars, heat-sealed polyvinyl for 10 oz bars, and custom boxes for 100 oz bars. The packaging of Texas Mint products ensures the protection and integrity of the precious metals, with each product presented in a way that highlights its uniqueness and value.

Buying and Selling Precious Metals with Texas Precious Metals

Customer purchasing gold bullion at Texas Precious Metals Texas Precious Metals offers a simplified and intuitive process for buying and selling precious metals. The process is as follows:
  1. Visit their website
  2. Select your preferred metals
  3. Add the metals to your cart
  4. Proceed with the checkout process
To sell precious metals, customers can contact Texas Precious Metals directly to inquire about the process and obtain a quote for their precious metals.

Guardian Commodities: A Trusted Partner

Texas Precious Metals has a trusted partnership with Guardian Commodities, a subsidiary of Kaspar Companies. This collaboration offers a host of benefits, including:
  • Long-term storage at the Texas Precious Metals Depository
  • Dependable pricing
  • Rapid transactions
  • Expert consultations
  • Convenient door-to-door pickup and delivery service for selling gold coins
Customers collaborating with Guardian Commodities gain access to a dependable partner in the precious metals industry, competitive pricing, and secure storage options.

Local Coin Shops and Online Platforms

In addition to working with Guardian Commodities, Texas Precious Metals is associated with various local coin shops and online platforms for purchasing and selling precious metals. Prominent local coin shops in Texas include Dallas Rare Coins LTD and Forth Worth Coin Company, Inc.. Texas Precious Metals’ online platform allows customers to buy and sell precious metals, and they are also associated with CyberMetals.com for the purpose of buying and selling precious metals.

The Texas Precious Metals Team: Industry Leaders

The success of Texas Precious Metals is spearheaded by a team of industry veterans, prominent among whom are President and Co-Founder Tarek Saab, and Jeff Irving, the Director of Depository Operations. These individuals have played crucial roles in the growth and success of the company, ensuring the highest standards of service and product quality.

President and Co-Founder: Tarek Saab

As a successful entrepreneur and investor with a solid background in finance and business, Tarek Saab:
  • Co-founded Texas Precious Metals
  • Serves as its President
  • Implemented the industry-changing UPS Proactive Response
  • Built a business that generates an impressive annual revenue of $180 million from trading gold and silver.

Director of Depository Operations: Jeff Irving

As the Director of Depository Operations, Jeff Irving oversees the operations of the depository services offered by Texas Precious Metals. Leveraging his extensive, over two-decade experience in the precious metals industry, he ensures the secure storage and handling of precious metals and other assets held within the depository.

Summary

In conclusion, Texas Precious Metals offers a comprehensive solution for precious metals investing, from its extensive product offerings to secure storage solutions and trusted partners. By choosing Texas Precious Metals, you’re investing in a company with a rich history and a team of industry leaders committed to providing exceptional service and products. Unlock the value of Texas precious metals and safeguard your wealth today!

Frequently Asked Questions

Are precious metals taxed in Texas?

Texas does not tax the sale of precious metals such as numismatic coins, gold, silver or platinum bullion.

How much gold does Texas own?

The University of Texas/Texas A&M Investment Management Company holds $1 billion worth of gold bullion at the HSBC Bank in New York City, representing the assets of the University of Texas and Texas A&M systems.

What states do not tax precious metals?

Alaska, Delaware, New Hampshire, Montana, and Oregon do not tax precious metals, while Mississippi, Virginia, Tennessee, Ohio, and Arkansas have either removed or are in the process of removing sales taxes from these monetary metals. New Jersey and Wisconsin could be the next two states to follow suit.

What types of precious metals does Texas Precious Metals provide?

Texas Precious Metals offers a variety of precious metals, including gold, silver, platinum and palladium products such as one-ounce gold rounds.

What are the advantages of utilizing private and segregated storage at Texas Precious Metals Depository?

Texas Precious Metals Depository provides enhanced security and defense for physical precious metals, while also ensuring complete segregation of your bullion, thus offering distinct advantages over other storage solutions.
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