Texas Precious Metals Review

Welcome to the world of Texas Precious Metals, where the value of gold and other precious metals is more than just a number on a chart. The Lone Star State has long been associated with its rich history of oil and gas, but there’s another type of wealth that’s becoming increasingly popular in the state – precious metals.

In this Texas Precious Metals review, we’ll take a deep dive into the world of Texas Precious Metals and explore why so many people are turning to these valuable commodities as a way to protect their wealth and diversify their portfolios.

From the history of gold and silver in Texas to the latest market trends and investment strategies, this review will give you a comprehensive overview of everything you need to know about Texas Precious Metals.

So, whether you’re a seasoned investor or just curious about the world of precious metals, get ready to discover a whole new world of wealth and opportunity.

Advisory! Prior to diving into this review, we’d like to stress that at Investors Circle, our mission is to protect your wealth. We know that our research reports may alter your investment decisions, so we want to be 100% sure you are investing your hard earned money with the right company!

With this in mind, we urge you to check out our list of the top five companies in this space (we found 1 that fits 99% of investors needs)

>> Click Here To View Our Updated List of the 5 Best Companies <<

See if Texas Precious Metals made our list this year, or continue with this review below to see if they are possibly the right company for your investment needs.

Table of Contents

Texas Precious Metals Review: Introduction to Texas Precious Metals

Texas Precious Metals is a well-known precious metals dealer based in Shiner, Texas. The precious metals firm was founded in 2011 and has since become one of the largest online precious metals dealers in the United States.

The company offers a variety of investment-grade physical precious metals products, including gold, silver, platinum, and palladium bullion coins and bars. Texas Precious Metals sources its products from trusted mints and refiners around the world, including the United States Mint, Royal Canadian Mint, Perth Mint, and others.

One of the unique features of Texas Precious Metals is that it is a vertically integrated company, which means that it controls every aspect of the precious metals production process, from sourcing the raw materials to refining and minting the finished products. This ensures that customers receive high-quality products that meet strict quality standards.

In addition to offering a wide range of products, Texas Precious Metals is known for its competitive pricing, with prices that are often lower than those offered by other precious metals dealers. Texas Precious Metals offer free shipping on all orders over $99 and uses discreet packaging to ensure that packages arrive safely and securely.

Overall, Texas Precious Metals has earned a reputation as a reliable and trustworthy dealer in the precious metals industry. The company has an A+ rating with the Better Business Bureau and has received numerous positive reviews from satisfied customers.

History of Texas Precious Metals

Texas Precious Metals was founded in 2011 by Tarek Saab, a former US Marine Corps veteran, and entrepreneur. Saab’s vision was to create a company that offered a more transparent and customer-focused approach to precious metals investment, in contrast to the often-opaque and impersonal world of Wall Street.

The company began as a small online-only retailer, offering a limited selection of gold and silver coins and bars to customers across the United States. However, Texas Precious Metals quickly gained a reputation for its competitive pricing, fast shipping, and exceptional customer service. They soon grew to become one of the largest precious metals dealers in the state.

In 2013, Texas Precious Metals expanded its operations by opening a state-of-the-art refining facility in Shiner, Texas. This allowed the company to refine its own precious metals, ensuring the highest quality and purity for its customers. Today, Texas Precious Metals is a full-service precious metals dealer, offering a wide range of products and services to investors and collectors alike.

Despite its relatively short history, Texas Precious Metals has become a trusted and respected name in the precious metals industry. The company’s commitment to transparency, quality, and customer service has earned it a loyal following among investors and collectors, and its continued growth and success show no signs of slowing down.

What Are the Products offered by Texas Precious Metals?

Texas Precious Metals offers a wide range of investment-grade precious metals products, including:

Gold Bullion Coins

Texas Precious Metals offers gold coins from various mints, including the American Gold Eagle, Canadian Gold Maple Leaf, South African Krugerrand, and many others.

Gold Bullion Bars

The company offers a variety of gold bars, ranging from 1 gram to 1 kilogram, from trusted refiners such as PAMP Suisse, Perth Mint, and Royal Canadian Mint.

Silver Bullion Coins

Texas Precious Metals offers a range of silver coins, including the American Silver Eagle, Canadian Silver Maple Leaf, Australian Silver Kangaroo, and more.

Silver Bullion Bars

The company offers a variety of silver bars, ranging from 1 ounce to 100 ounces, from trusted refiners such as Engelhard, Johnson Matthey, and Sunshine Minting.

Platinum Bullion Coins and Bars

Texas Precious Metals offers platinum coins and bars from trusted mints and refiners such as the Royal Canadian Mint, PAMP Suisse, and Valcambi.

Palladium Bullion Coins and Bars

The company also offers palladium coins and bars from trusted mints and refiners, including the Canadian Palladium Maple Leaf and the PAMP Suisse Palladium Bar.

In addition to these products, Texas Precious Metals also offers various accessories, including coin capsules, coin tubes, and storage boxes. Customers can purchase these products online through the company’s website, and the products are shipped directly to the customer’s preferred address.

Pricing and Payment Options

Texas Precious Metals offers competitive pricing on a wide range of precious metal products, including gold, silver, platinum, and palladium coins and bars. The company’s pricing is based on current market conditions and is updated in real-time on its website. Customers can view the current prices of various products, along with the premiums and fees associated with each item.

In terms of payment options, Texas Precious Metals accepts a variety of payment methods, including bank wire transfers, personal checks, cashier’s checks, money orders, and credit/debit cards. Bank wire transfers are the preferred payment method for larger orders, as they offer the most secure and efficient transfer of funds. Personal checks and money orders are also accepted, but orders paid with these methods will be subject to a holding period to allow for funds to clear.

Texas Precious Metals also accepts credit and debit cards for smaller orders, but these payment methods may be subject to additional fees to cover processing costs. Customers should also note that credit card payments are limited to a maximum of $5,000 per transaction.

Texas Precious Metals offers a variety of payment options to suit the needs of different customers, and their competitive pricing makes them an attractive choice for investors and collectors alike.

Customer Reviews and Testimonials

Texas Precious Metals has received many positive reviews and testimonials from satisfied customers, both on its website and on third-party review sites such as Trustpilot and the Better Business Bureau.

Many customers praise the company’s customer service, with several reviewers noting the prompt and helpful responses they received from Texas Precious Metals representatives. Customers also appreciate the company’s commitment to transparency and quality, with many noting the high quality of the products they received and the ease of the ordering and delivery process.

Here are some examples of customer reviews and testimonials for Texas Precious Metals:

“Texas Precious Metals provides top-notch service and quality products. Their website is user-friendly and provides real-time pricing updates. I received my order promptly and was impressed with the quality of the product. Highly recommended!” – Trustpilot reviewer

“I have used Texas Precious Metals for a few years now and have always been extremely happy with their products and service. They have a great selection of products, and their prices are very competitive. Highly recommended!” – Better Business Bureau reviewer

“I recently purchased some silver coins from Texas Precious Metals and was very impressed with the level of customer service I received. The representatives were knowledgeable, friendly, and prompt in answering my questions. The coins I received were of excellent quality and shipped quickly. I will definitely be a returning customer!” – Texas Precious Metals website testimonial

Overall, the reviews and testimonials for Texas Precious Metals are overwhelmingly positive, indicating that the company is highly regarded by its customers for its quality, customer service, and transparency.

FAQs

Are Texas Precious Metals Legit?

Yes, Texas Precious Metals is a legitimate company and a reputable dealer in the precious metals industry. The company has been in business since 2011 and has established a strong reputation for providing high-quality products, competitive pricing, and excellent customer service.

Texas Precious Metals is a member of various industry organizations, including the Industry Council for Tangible Assets (ICTA) and the Professional Numismatists Guild (PNG), which further supports its legitimacy and commitment to ethical business practices.

The company has also received numerous positive reviews from satisfied customers, which can be found on various third-party review websites. In addition, Texas Precious Metals has an A+ rating with the Better Business Bureau (BBB), which further affirms its legitimacy.

We can say that Texas Precious Metals is one of the largest precious metals companies in the precious metals industry. Customers can confidently purchase precious metals from them with the assurance of receiving high-quality products and excellent customer service.

Who Owns Texas Precious Metals?

Texas Precious Metals is a privately held company, and its ownership is not publicly disclosed. However, it was founded in 2011 by Tarek Saab, who has been the company’s CEO since its inception. Tarek Saab is an entrepreneur and business leader who has extensive experience in the precious metals industry.

Under Tarek Saab’s leadership, Texas Precious Metals has grown to become one of the largest online precious metals dealers in the United States. The company has established a strong reputation for providing high-quality products, competitive pricing, and excellent customer service, which has contributed to its success and growth.

While the company’s ownership is not publicly disclosed, Texas Precious Metals has a management team with a wealth of experience in the precious metals industry, which ensures that the company operates with integrity and adheres to ethical business practices.

Does Texas Have Sales Tax on Precious Metals?

Yes, Texas does have sales tax on precious metals, but some exemptions may apply. The sales tax rate in Texas is currently 6.25%, but local jurisdictions may add an additional sales tax of up to 2%.

However, certain Texas Precious Metals products are exempt from sales tax in Texas. For example, purchases of gold, silver, platinum, or palladium bullion coins and bars that meet certain purity and weight requirements are exempt from sales tax in Texas.

To qualify for the exemption, gold, silver, platinum, or palladium bullion must have a purity of at least 0.995 fine. It must be in the form of a bar or coin that is sold based on its precious metal content and not its rarity or collectible value.

It’s important to note that the exemption may not apply to all precious metals products, such as numismatic or collector coins that have significant collectible or historical value, and therefore may be subject to sales tax.

In summary, while Texas does have sales tax on precious metals IRAs, some precious metals products may qualify for an exemption, depending on their purity and form. It’s recommended to consult with a tax professional or the Texas Comptroller of Public Accounts to determine the sales tax requirements for specific precious metals products.

Conclusion-Texas Precious Metals Review

To sum up our Texas Precious Metals review, Texas Precious Metals appears to be a legitimate and reputable precious metals dealer that offers a wide range of investment-grade precious metals products, including gold, silver, platinum, and palladium, and gold coins and bars. The company has established a strong reputation for providing high-quality Texas Precious Metals products, competitive pricing, and excellent customer service and has received numerous positive reviews from satisfied customers.

While Texas does have sales tax on precious metals, certain precious metals products may qualify for an exemption, depending on their purity and form. It’s important to consult with a tax professional or the Texas Comptroller of Public Accounts to determine the sales tax requirements for specific precious metals products.

Overall, Texas Precious Metals is a trustworthy and reliable dealer in the precious metals industry. Customers can confidently purchase precious metals from them with the assurance of receiving high-quality products and excellent customer service.

James McCollum