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These days the entire investment craze is generally geared toward crypto. Are the simpler times of investing in precious metals just gone? Not quite! Many people are still on the hunt for a capable metal investment firm and struggle to find one daily.
I believe I may have found a reliable company perfect for all your investment needs. Texas Precious Metals is a renowned name for this purpose. No longer will you have to work under the threat of losing your life savings to a scam!
Before we get started with this review, here is something important that you should know!
I realize that choosing a company to invest your life saving is an integral decision. Because of this, I do my best to ensure the validity of information mentioned in my articles! I do all of this to guarantee you pick the best financial choices for them.
After carrying out through research and reviewing dozens of companies, I created a list of various gold companies and their reviews. It should help you in deciding the company most suitable for you and your needs.
You can check this list to see if Texas Precious Metals is something I recommend!
Or you can get yourself a FREE Gold IRA Kit from the company I recommend the most below!
Continue reading below the article for Texas Precious Metals review. Let’s move on to find out what the aims of this company are.
A Brief Overlook Of Texas Precious Metals
Texas Precious Metals became a subsidiary business of Kaspar companies in 2011. From 2011 to 2022, Texas Precious Metals processed more than $1.2 billion in customer transactions and over 100,000 orders shipped to all 50 states.
This should give you an idea about its security with purchases and the reason for its popularity. In 2015, the Inc. magazine gave it the title of the 200th fastest growing Private Company in America, which is very impressive.
The Texas Precious Metals depository offers long-term solutions for individual and IRA clients. Class 2 and 3 equivalent vaults are maintained in their high-security underground facility which is fully insured by the Lloyd’s of London.
Texas Precious Metals Mission
Texas Precious Metals sole mission is to provide value to clients through over-the-top client support, low charges, unrivaled items, and simple requests.
The company tries to give the most user-friendly interface and simple process to purchase and invest in your desired precious metals securely. They provide an innovative feature to limit orders. This is just one of the ways that the company makes sure to cater to its large list of clients.
Moreover, the company revolves around making all of its processes easy to understand and carry out. The lack of restrictions on payment methods, buying limits, and high premiums make the entire process hassle-free and user-friendly.
This small overview of Texas Precious Metals is bound to raise your interest. You can use the relevant information listed below if you want to contact the company or access its services directly.
The Services Provided By Texas Precious Metals
To decide whether or not you would like to invest in any such company, you must carefully look at what services they provide.
A lack of basic services might be a major red flag. For that purpose, in this next part of the article, I will write about some of the services Texas Precious Metals provides. You can use this to gauge whether the company is suited to your requirements or not.
Usually, when you buy precious metals, you typically look for a storage facility to keep them secure. Keeping them at your house is obviously of no use and risky. Texas Precious Metals provides 2 storage options.
These are Class 2 or 3 equivalent vaults in high-security areas fully insured by the Lloyd’s of London. Having options like these are sure to keep your precious metals safe and secure.
IRA Rollover Service
Texas Precious Metals offers its clients IRA Rollover services. Their self-directed IRAs make it easy to invest in precious metals. This is all thanks to the team of professionals who help the clients’ plan their investment needs, making it hassle-free.
So if you are looking to roll over your IRA or 401(k) into gold or silver, this would be a safe and easy bet. Additionally, you do not have to worry about the entire shifting process. You can relax while the company handles everything from shifting your precious metals to wire transfers.
Sometimes you might be interested in investing in some precious metal, but the prices may differ from your liking, and if you wait too long, you can miss the optimal time for investment. This is all nullified by the limiting feature of Texas Precious Metals.
You can choose your buying price; whenever the market reaches your price, it will automatically buy the stock. This is perfect if you want to buy precious metals at a particular price. It can also be great to get the upper hand if you think a price drop is imminent.
Immediate And Free Shipping
If you buy any products sold by Texas Precious Metals, they are available for immediate shipment. They have a policy: “If we don’t have it, we don’t sell it.” They ensure delivery within 3 business days of payment or less.
All shipping packages are completely free. If a package is lost or stolen, the company will take responsibility and issue you a new package. Sadly, the company does not provide this service for free, at least not for certain purchases. You will need to cross a certain threshold of purchasing price to get free shipping.
Normally, companies make sure to provide live prices of precious metals. They show whether the prices have risen or decreased, allowing users to gauge whether they should invest.
Texas Precious Metals take this one step further by giving you a proper chart of the prices of precious metals. You can use this to gauge the overall scope of the precious metal you want to invest in. The service itself has been integrated into their website.
One thing to note is that you can get the same service on other, more general sites like Google. That being said, it offers a nice convenience to the people using it.
Texas Precious Metals Products
Many companies with similar services tend to provide one of the two; either buy products or invest in metals. Texas Precious Metals provides both.
This company has a wide array of coins, bars, and other products made of various precious metals. I will list the products Texas Precious Metals provides below.
- 1/10 Oz Gold Coins
- Texas Gold Rounds
- American Gold Eagle
- South African Gold
- American Buffalo Gold Coins
- Australian Gold Philharmonics
- 1/4 Oz Gold Coins
- Royal Mint Gold Coins
- Silver Monster Boxes
- Texas Silver Round
- American Silver Eagle
- Canadian Silver Maple Leaf
- Perth Mint Silver Coins
- Silver Krugerrand
- British Royal Mint Silver
- St. Helena Silver
- Generic Silver Rounds
Other Metals (Platinum)
- Platinum Coins
- 1 Oz Platinum Bars
Texas Precious Metals also sell ammunition made out of different metals. Its addition and this long list of products given above should give you an idea of how much variety Texas Precious Metals provides for the customers.
Do look into the availability of your desired product since many orders are being sent out constantly.
Pros And Cons Of Texas Precious Metals
Factors like ratings and services provided should give you an idea whether investing in metals through a company is a good idea or not.
In this part of the article, I will write about the pros and cons of Texas Precious Metals. This should help you decide whether investing in metals through this company’s services is good.
- Self-directed IRAs.
- IRA and 401 k Rollovers.
- Fast Shipping Processing.
- Free shipping and insurance.
- No minimum order restriction.
- Credit/Debit cards are accepted.
- Limit orders offered.
- Full transparency.
- Low premiums.
- Not a lot of attention is placed on precious metal IRAs.
- No palladium.
- Platinum is usually out of stock.
- No free shipping.
As clearly stated, the company has a minimalist approach with many good services. Despite having a lack of positive reviews of feedback in general, the huge list of pros should outweigh the cons on paper. So it is worth checking out.
Texas Precious Metals Ratings
Texas Precious Metals has great but few reviews. This lack of reviews can be explained due the company being relatively new.
Despite that, the few reviews it does have are mostly positive. A company’s credibility is based on the perception of the community. Here is how Texas Precious Metals does when it comes to ratings:
- Texas Precious Metals generally has a positive rating on various review websites.
- It has an A+ rating given by the Better Business Bureau.
- It has more than 10,6k followers on Facebook and more than 10,000 likes on its page.
- The company has 4.5 out of stars on Yelp. This is across 25 reviews.
- Generally, positive user remarks.
Texas Precious Metals is not a scam; instead, it is a well-established organization that with necessary precautions and prevailing market rates could satisfy your needs.
There are not any mixed reviews, unlike other companies. There are no major red flags that arise. Therefore, checking it out would not be a bad idea.
Is Texas Precious Metals A Reliable Company?
Texas Precious Metals has shown to be a reliable company for sure. It is not a scam by any means. While having many excellent services, such as the limiting orders feature, etc., it may lack in some departments, which other companies can fulfill better. However, this is a reliable and trustworthy source of investment in metals.
The experienced staffs, along with the quality of life features like the free and fast shipping, sway most people, for a good reason. Its pros outweigh its cons. Many clients trusted their life savings with Texas Precious Metals, and the vast majority has been satisfied with their decision.
Fees In Texas Precious Metals
Another important factor you need to consider to invest in a company is its pricing. Companies usually have an annual fee system when it comes to IRAs. However, Texas Precious Metals provides custodians through which your self-directed IRA can be established.
This means that the fee depends upon the custodian and the services desired. The most used custodian provided by Texas Precious Metals is “Preferred Trust Company.”
They require a $50 IRA account establishment fee. And they, like other companies, also have an annual fee that depends on the account value. It starts at $300 and goes up to $1,000 for any account worth $600,000.
The company also provides secure depositories for your metals. They have no Account set up or withdrawal fee. An annual rate for all products worth anything below $100,000 is 0.5% except for silver which is 0.6%.
It stays the same for any non-bullion product despite the value. For metals, the rate percentage decreases as the worth increases ending up with a minimum of 0.35% if worth everything above $5,000,000. There is also a minimum monthly billing of $10.
For clients that seek additional security for gold, platinum, and/or palladium. They are placed in tann safes (considered the best safes in the world) and moved to class 2 vaults in underground depositories. Tann safes have an additional charge of $1.50 per ounce annually.
Current Promotions By Texas Precious Metals
At the moment of time, no promotions are being launched by Texas Precious Metals. This is to their detriment in an industry where special offers can have a huge impact.
That being said, they can always launch a special promotion or a limited-time offer. Hence, you should take your time to check the site periodically if you want to capitalize on some free goodies.
Frequently Asked Questions
Q1: Who Are The Owners Of Texas Precious Metals?
Kaspar Companies, a direct subsidiary of this group, own this company. Kaspar Companies has been around since 1898 and is now in its 5th generation of family-run leadership. The owner group is currently 124 years old and operates mainly in Southern Texas.
Q2: Do Precious Metals Have Tax On Them In Texas?
The purchase of precious metals does not have any tax on them in Texas. If you order from outside of Texas, you will be liable for sales tax on precious metals. Although you should conduct proper research if you want to get your precious metals delivered outside of Texas.
With this Texas Precious Metals review coming to a close, it is safe to say that the company itself is top-notch. While I would recommend the company in its own right, you should know that you can get a much better deal if you look harder.
A lack of special offers and general features hurt the recommendation of this company. Its only saving grace is its limiting order services. I have reviewed various sites apart from Texas Precious Metals.
You should check them out before you decide to stick with this company. Choosing this company right away would not be a bad decision.
Invest with the right company by reading my article, which lists the best companies of this year. Alternatively, you can also request a Gold IRA Kit for absolutely free!
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