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People are more worried about retirement than ever. While investing in precious metals can help diversify your investment portfolio, finding the right company is challenging. In addition to locating a company that checks all the boxes, you also have to worry about scams.
We go in-depth with our reviews because we understand how hard you work for your money. We investigate until we find all the answers and can deliver the truth to our readers.
In today's inflation-driven market, precious metals are a safe haven. Today, we will be taking a look at Texas Precious Metals. In this Texas Precious Metals review, we will give you all the details to help you make an informed decision.
Is this company the right one to help you invest in physical precious metals? Keep reading until the end to get our full assessment with all the details. Before we go any further, we would like to inform you how we approach our reviews.
At The Gold Information Network, we understand the importance of your financial choices and the trust you place in our insights. We conduct in-depth research on each company we review, evaluating its reviews, reputation, product offerings, fees, and history while meticulously comparing it with similar market products.
In a financial landscape where banks appear geared towards serving the wealthy, we hold reservations about these institutions, the monetary system, and politicians. We passionately advocate empowering individuals like you with greater control over their finances. We firmly believe that you should have the authority to shape your financial future independently, reducing your dependence on institutions and politicians.
We are a precious metals dealer review site that aims to provide information about various companies in the industry.
Texas Precious Metals is headquartered in Shiner, Texas, and was founded in 2011. The company is an official distributor for the Perth Mint of Australia and is one of the largest precious metals dealers in the United States.
The company's signature product is the Texas Silver Round, and it offers many tangible assets, like gold bars. This American precious metals dealer has a trademarked slogan: “Business the Texas Way.”
Texas Precious Metals is a subsidiary business of Kaspar Companies, a company with a well-established reputation that has been around for over 126 years. Although Texas Precious Metals only has around 12 employees, its parent company has over 200. The company has processed over $2 billion in client transactions at this time.
To truly understand what a company stands for, you need to search for customer reviews and check the Better Business Bureau for rating information. The BBB has accredited the company since 2011, and it has an A+ rating.
Surprisingly, there have been no customer reviews on the BBB, but there was one complaint closed in the last three years. The complaint states the company criticized the customer aggressively after complaining about delayed shipping. The company responded by saying the customer was the one doing the berating.
We next searched on Business Consumer Alliance for trusted information on the company. Texas Precious Metals has an AA rating with no reviews or customer complaints. We find it odd the company has been around so long and has no reviews on either of these two major consumer rating sites.
We also looked at Yelp, where TPM has 4.7 stars out of five with 26 customer reviews. The company received mostly glowing reviews, stating it offers fanatical customer service, but there were two complaints. One claimed slow shipping rates, and the other claimed unauthorized charges on their credit card without being sent any precious metal purchases.
Although we have few reviews to work with, it appears the company focuses on offering great customer service. The only complaint that seemed truly legitimate was based on slow shipping.
We could not verify the other claims of aggressive behavior and unauthorized charges. In the eyes of a few customers, Texas Precious Metals appears to be a decent company to purchase Perth Mint gold. Customers rave about the low premiums, and the company has received high marks for competitive prices and excellent service.
After checking out the BBB rating, we believe Texas Precious Metals is trustworthy. Their parent company is Kaspar Texas Traditions, which has been around for over 126 years.
If you are looking for help with strategic wealth preservation, Texas Precious Metals offers some of the most competitive prices in the industry. However, its small size may prevent it from providing timely delivery when customers purchase metals.
Every company has pros and cons, and Texas Precious Metals is no exception. Although they are a great company, they will not fit everyone's needs. Examine the pros and cons below to help you make a decision.
Pros
Cons
The company offers many precious metals for its small size, including a mixture of gold, silver, and platinum products. This precious metals dealer has an overall rating of very good for its selection in Texas.
You can purchase online or from the retail store. We outline some of the most popular choices below.
Many people like TPM because they are upfront about their inventory. Their motto is: “We Will Not Sell What We Don't Have.” If an item says “in stock” on the Texas Precious Metals website, you can expect to receive it when you place an order.
Texas Precious Metal promises to ship your order within three business days of receiving payment after purchasing precious metals. You will receive an email with a tracking number, and all packages are sent with full insurance.
The company offers free shipping on all orders. Orders over $1,000 ship via UPS Next Day Air. Unlike some companies, TPM does not require a minimum order amount or restrict order size, so there are no limits to what you can purchase.
Texas Precious Metals does buy precious metals through its buyback program. They publish a buyback price on each product page, subject to change with retail price fluctuations.
Call the company and discuss the gold, silver, or platinum products you want to sell. Ship your products as directed by the company. Once the company inspects and verifies your precious metals, you will receive prompt payment.
Although TPM is not a custodian, they help you get started with a gold IRA. You can open a new account or commit to gold IRA rollover services.
You can choose your custodian or one recommended by TPM. Follow these steps to get started with precious metals IRAs.
You can always choose your own precious metals custodian. Texas Precious Metals partners with Cayman Islands Strategic Wealth Preservation to help its customers invest in precious metals for their IRA.
This company and others offer excellent customer service and a commitment to your investment success. They will help you with the wire transfer or any other aspect of your account management.
TPM partners with the Texas Depository, a highly trustworthy name in the industry. This depository offers both short-term client storage options and long-term company storage.
You can count on this storage facility to protect your precious metals until you withdraw them after retirement. Texas Precious Metals reviews state customers are pleased with their depository.
You will not find fee information on the TPM website, but this is not uncommon for precious metal companies. The fees for custodianship and storage typically range from $180 to $250 per year.
Some companies charge fees based on the size of your account. The Texas Depository charges 0.5% for deposits up to $2.5 million.
There are many alternatives to Texas Precious Metals. We have conducted thorough research on many of the top companies in the precious metals industry and invite you to check them out for further information. We have also included a comparison chart to help you see how Texas Precious Metals compares to the competition.
Texas Precious Metals is a good company despite its small size. However, it lacks the services of some of the top names in the precious metals market, so we urge you to research carefully before committing to any company.
We receive many questions from readers who want to know as much as possible about companies before they buy gold coins. We have outlined the Texas Precious Metals products, fee structure, and services, but we realize further questions may arise. The following are some of our top questions regarding this precious metals dealer.
Texas Precious Metals accepts debit and credit card payments for orders up to $10,000. They accept Visa and Mastercard; you can also pay with cash, wire transfers, or ACH payments. If you pay in cash, you must pick up your order from their retail location.
Remember that you cannot take possession of gold coins meant for your IRA. These must be sent directly to the Texas Precious Metals Depository or your chosen storage facility.
Texas Precious Metals does not offer a price match guarantee. Through our research for this Texas Precious Metals review, we discovered the company provides a competitive gold price but no guarantee of being the lowest in the industry or matching other retailer prices.
Texas Precious Metals provides free shipping on all large or small orders. There is no minimum order amount, and the company does not limit large orders. If your order totals at least $1,000 or above, it will ship UPS Next Day Air. All gold orders ship with free insurance.
Texas Precious Metals does not offer gold IRA services themselves. However, they partner with custodians like GoldStar Trust Company, Kingdom Trust, Preferred Trust Company, and Cayman Islands Strategic Wealth Preservation.
Texas does not charge taxes on numismatic precious metals. If you purchase the coins from outside Texas, you may owe a tax, depending on your state's taxation laws. You should review these laws carefully before purchasing from this or any other precious metals dealer.
Our conclusion is Texas Precious Metals, may be worth looking at. Texas Precious Metals is a trustworthy precious metals dealer. We would not consider them the best in the industry, but they perform well despite their small size and few employees.
We have provided extensive information in this Texas Precious Metals review, but we invite you to dig deeper. Please read our other reviews to educate yourself on the possibilities.
Texas Precious Metals partners with the Texas Precious Metals Depository, one of the best in the industry. They are also associated with the Industry Council for Tangible Assets and the American Numismatic Association, making them a good option, especially if you prefer an in-person experience such as offered at their retail location.
We recognize the significance of your financial decisions and the trust you place in us. We've extensively researched reviews, reputation, products, fees, and history, ensuring you receive accurate insights.
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