Precious metals companies have often raised eyebrows concerning whether or not they are legit. One such company is Houston Precious Metals. What is Houston Precious Metals? Is this company legit or a scam? Let´s have a look!
Company: Houston Precious Metals
Website: houstonpreciousmetals.com
Owner: No info found on the website?
Founded: 1978 (according to their website)
Who is it for: Precious metals investors
P.S.
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What is Houston Precious Metals?
Houston Precious Metals is a company that buys and sells precious metals, including gold, silver, and platinum. The company is based in Houston, Texas, and serves customers in the United States and worldwide. 
Since 1978, Houston Precious Metals has specialized in recycling precious metal scrap, including old jewelry and sterling silver tableware. According to their site, as a locally owned and operated company with 38 years of experience, they place a high value on fine quality items such as antique jewelry, large diamonds, modern and antique watches, and sterling silver and offer especially high prices for these items.
HPM Products and Services
The company also specializes in buying and selling gold, including gold jewelry, coins, and bars. They offer great prices for old and new gold, as well as buy all types of gold coins, such as
- 1 oz Silver Rounds,
- US Gold Eagles,
- Canadian Mapleleafs,
- South African Krugerrands,
- Mexican pesos.
Additionally, Houston Precious metals buy and sell all gold bars, including Credit Swiss, English Sovereigns, Swiss and French 20 Franks. Do you have any unwanted gold that you would like to sell? Bring it to Houston Precious Metals, and we will be happy to make you an offer.
The company also has a well-stocked inventory of silver for sale, including
- 1 oz silver rounds,
- 1 oz US Silver Eagles,
- 10 oz silver bars,
- 100 oz silver bars,
- US 90% silver coins and dollars, such as dimes, quarters, halves, Peace dollars, 1921 Morgan dollars, and 1878-1904 Morgan dollars. You can call them for a quote.
They also offer various services related to these metals, watches, including refining, storage, and transportation, and diamonds. Other services may include Appraisals and consultants to help customers determine the value of their precious metal items.
Is the Houston Precious Metals a Scam or Legit?
I would say that Houston Precious Metals is a legit business, it´s been conducting business since 1978 and it they wouldn´t have survived that long if it was a scam, right? However, I understand that it is difficult to recommend whether the company is legit or not. This is because it is poorly rated across the board. We (almost) didn´t find any reviews or ratings on them from the most well-known and trusted consumer protection agencies:
Houston Precious Metals reviews:
BBB (Better Business Bureau)
Overall rating: N/A
Trustpilot
Overall rating: N/A
BCA (Business Consumer Alliance)
Overall rating: N/A
Trustlink
Overall rating: N/A
Yelp
Overall rating: 
(4.5 / 5) (from 3 reviews) click here for details (opens in new window)
The conclusions from the above ratings:
As you clearly can see, there are no ratings nor reviews on both BBB or TrustPilot and those are the most well-known and trusted, independent third-party consu,mer protection agencies in the industry. However, even if I would prefer to find something there it don´t have to mean anything bad, could have many explanations to why there is nothing to be found. The only reviews we found was on the Yelp website, that is also a well trusted internet watchdog site.
Final Thoughs
Verdict: Legit!
Overall rating: 
(3 / 5)
Yes, this company is legit, am pretty sure about that, especially since it was founded 1978 (if that is correct). However, we can not be able to recommend Houston precious metals for investment. The company has too few reviews and ratings. However, if you feel that you would want to invest in the company, you have to do your due diligence. Not sure how that would work though as there is so little to be found on them.
Recommendation:
There are hundreds of gold investing companies out there, and we have listed A LOT of them on this website. The absolute best rated ones we have collected on a top-5 list, you might want to have a look on those:
See our Top-5 List of Gold & Silver Investing Companies (in the US)
I hope you found this short review of Houston Precious Metals to be helpful and that you now have a better understanding on what it is and if it is something for you or not. If you have used any of their services then please share it in the comment section below as it can help others!
I wish you success!
Glanz, investor and team member on goldretired.com
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