Hello and welcome to another review at Gold Retired! Today we’ll be looking at Texas Precious Metals. What is Texas Precious Metals? What are the products and services it offers? Does it offer IRAs? How does it compare to our #1 Recommended companies? Let’s get started and find out!
Company: Texas Precious Metals
Owner: Kaspar Texas Traditions (KTT).
Who is it for? People who would like to invest in precious metals.
Overall rating: (4 / 5)
Important to mention (before we go into more details of this review)
We strongly recommend doing your own research online before choosing a company to invest with. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly and compare different alternatives before you make your decision.
One example: 99.9% of companies got “pushy” salespeople trying to stress you into acting fast.
Here is the thing, the #1 Recommended Gold & Silver IRA Dealer on our top-5 list got No-salesy representatives… So they won´t bother or terrorize you with phone calls.
You are a smart person, so I am absolutely sure that you understand the benefits of dealing with such a company instead, right?
+They got a couple more benefits you might appreciate as much as I do, you will understand yourself once you have visited the page (link) above.
==> See our Top-5 List of Precious Metals IRA Companies on this page <==
With that being said, let´s continue with the review on Texas Precious Metals!
What is Texas Precious Metals?
Based in Shiner, Texas and founded in 2011, Texas Precious Metals dealer is an American precious metals dealer that is a member of is a member of the Industry Council for Tangible Assets (ICTA), the American Numismatic Association (ANA), and the Certified Coin Exchange (CCE).
This company is fairly small with just 12 employees, but it has $153.2M in revenue as of 2014.
The Texmetals website looks great! It’s easy to navigate and has a lot of useful information.
Here’s a screenshot of the Physical Address of this company:
What are the products and services offered?
Texas Precious Metals offers a variety of bars and coins primarily in gold and silver but also in palladium and platinum.
Here’s a screenshot of its featured products:
Does Texas Precious Metals offer IRAs?
Texas Precious Metals isn’t an IRA custodian but it allows its clients to Rollover their IRA into Physical Precious Metals as explained in the following excerpt from their website:
To create or rollover an IRA into precious metals, you must first select a custodian. We can place you in contact with well-established custodians, or you can select the custodian of your choosing. Once you have selected your custodian, you must fund an account with your custodian and lock in pricing terms with us. Your custodian will issue a bank wire payment to us on your behalf, and we will ship your precious metals to your depository.
Honestly, I prefer working with IRA custodians that also sell and offer precious metals. Working with a single company is always simpler. It’s a great way to avoid any problems that can take place while contacting different companies. Less paperwork, fewer phone calls, less hassle.
==> Want to take a look at our #1 recommended IRA solution instead? (low one-time flat fee)
Can you store with the company?
Yes, you can store with this company. Texas Precious Metals gives its clients two options for precious metals storage: Texas Precious Metals depository or storage in the Cayman Islands ( STRATEGIC WEALTH PRESERVATION ).
Each option has different fees, taxes, and advantages. You can visit their website for more information.
Can you sell back to the company?
Yes, Texas Precious Metals can buy precious metals from you. The following excerpt from their website explains the whole process:
Call us Monday through Thursday between 8 a.m. and 6 p.m. CST or Friday between 8 a.m. and 4 p.m. CST to lock in your sell price (major credit card required). You will need to ship your bullion to us within 24 hours of “lock in.” Customers have the option of selecting their own shipping and insurance provider. However, we offer door-to-door pickup and delivery via UPS for your convenience. For this service, customers pay only the cost of the label. If you would like us to arrange shipping (sales of $1,000 or more), we will e-mail you a shipping label for overnight shipment, and we will schedule a pickup for the following day.
Can you get the precious metals delivered home?
Texas Precious Metals is a precious metals dealer. So, of course, it offers delivery.
Here’s an excerpt that explains Texas Precious metals’ shipping process:
All packages ship for FREE domestically via UPS, fully insured. If a package is lost or stolen in transit, it is our responsibility to file a claim and issue you a new package. We will ship to homes, offices, banks, depositories, or UPS Customer Centers. We will not ship to mail forwarding companies, PO Boxes, APOs/FPOs, or US territories like Guam and Puerto Rico. Orders shipping to SWP in the Cayman Islands will incur a shipping charge.
Texas Precious Metals serves people in North America.
What about online ratings and reviews?
Getting an idea about online reviews, ratings, and complaints is always highly recommended. You can never be safe enough, a huge company with billions of dollars of assets under its custody can have awful reviews. On the other hand, a fairly small company can have promising reviews. We save you the effort of investigating different companies you might be considering and gather all the reviews here in one place!
Here’s what the top review websites have to say about Texas Precious Metals:
Customer Reviews: (5 / 5) out of 2 reviews
Click here for more details ( opens in new window )
Rating: (5 / 5) out of 19 reviews
Click here for more details ( opens in new window )
Texas Precious Metals has a great review on Yelp andon the BBB website. But, they are not that many. This company is fairly new, and that might explain this. But the lack of reviews of this company makes it fall behind compared to other competitors with thousands of positive reviews and next to no complaints!
Learn about the #1 rated company by most 3rd party consumer protection agencies in the industry on this page
Do you Own or Represent Texas Precious Metals?
If you are a representative, or associate of Texas Precious Metals and have found something not to be correct in this review please, feel free to tell and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or else you got the e-mail on the about page.
Final Words and Verdict
Verdict: Legit ( Based on the physical address provided and BBB accreditation )
Overall rating: (4 / 5)
Okay, I think this sums up everything there is to know about Texas Precious Metals. It has a great website and decent reviews. Overall, It’s a good option for people looking to buy small amounts of precious metals. But as I said above, if you’re looking to include precious metals in your IRA, I recommend looking in other directions.
What IRA company do we recommend?
You made a wise decision to read this review, and you are a smart person. I am sure that you will find the right company that suits your needs the best. I would advise you to compare different alternatives against each other before you make a decision. Below you got my absolute #1 recommended IRA custodian:
See my #1 recommended IRA solution here!
That’s it for this review! I hope you found it useful and now you know what Texas Precious Metals is. If you have any questions, remarks, or personal experience with this company, please share it in the comments below, I look forward to your input!
Until the next one!
Owner of: Gold retired.
Texas Precious Metals
- Mostly positive reviews from their clients
- On the other hand, not that many reviews from clients
Leave a Reply