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Texas Precious Metals occupies a distinct position in the precious metals industry that most of its competitors cannot replicate: it built and operates its own private depository, holds U.S. Mint national dealer status, and grew out of a fifth-generation Texas family business with roots stretching back to 1898. That operational infrastructure sets it apart from the typical online bullion shop. The company handles both direct bullion sales and self-directed IRA setups, reaching significant scale — recognized by Inc. Magazine as one of the fastest-growing private companies in America. But scale and differentiated infrastructure are not the same as investor fit. Investors evaluating Texas Precious Metals for a Gold IRA will want to look carefully at what that setup actually costs, what is in stock when they are ready to buy, and whether the company’s primarily transactional model matches what they need from a precious metals partner.
#1 Rated Gold Company for 2026
Before going further into Texas Precious Metals, know that our top recommendation for U.S. retirement investors in 2026 remains Noble Gold Investments. Noble Gold offers transparent fees, a dedicated IRA specialist for every account, and a free Gold IRA guide that walks you through the entire rollover process — no sales pressure required.
Quick Company Snapshot
| Company | Texas Precious Metals (texmetals.com) |
| Founded | 2011 (retail launch); parent company Kaspar Texas Traditions founded 1898 |
| CEO / Co-founder | Jason Kaspar |
| President / Co-founder | Tarek Saab |
| Headquarters | 50 CR 356, Shiner, TX 77984 |
| Additional Offices | College Station TX • Dallas TX • Lucerne, Switzerland |
| Phone | (361) 594-3624 |
| contactus-tpm@texmetals.com | |
| Metals Offered | Gold, Silver, Platinum (no Palladium) |
| IRA Support | Yes — Self-Directed Precious Metals IRAs |
| IRA Custodians | GoldStar Trust Company, Kingdom Trust |
| Own Depository | Yes — Texas Precious Metals Depository (TPMD), insured by Lloyd’s of London |
| Website | www.texmetals.com |
Texas Precious Metals at a Glance
Texas Precious Metals is one of the few precious metals firms in the nation to be truly vertically integrated in that it not only sells gold bullion but also assists customers in setting up self-directed IRAs and storing their metals in its private underground vault facility. This particular point can be counted as a distinct advantage. Unlike most other dealers, the Texas Precious Metals uses its own facility. In regards to the firm’s IRA service, GoldStar Trust Company and Kingdom Trust serve as its custodians; thus, customers have an option when choosing one or another. The major disadvantage of Texas Precious Metals as perceived by both analysts and investors is related to the “Out of Stock” issue (a considerable share of the inventory is marked with this status) and the lack of publicly available information about the fees for IRA opening and maintenance.
Pros & Cons
Company Background
The company formally opened its retail branch in May 2011; however, the company’s background is much older than that. Texas Precious Metals is a wholly-owned subsidiary of Kaspar Texas Traditions (KTT), which has operated since 1898 and whose history has been traced back for five generations as a manufacturing company, retailer and a rancher in Texas. This history makes Texas Precious Metals a company with deep institutional experience and background, an aspect that many other precious metals start-ups lack.
Texas Precious Metals started off as a wholesaler for precious metals, selling gold and silver bullion only to coin shops and retailers. Later on, in 2011, the company opened a branch for direct sales of the precious metals to individuals. In 2018, Texas Precious Metals established its own depository, known as the Texas Precious Metals Depository (TPMD), which is a Class 2 and Class 3 vault equivalent underground facility based in Texas and fully insured by Lloyd’s of London.
The company has been recognized by the U.S. Mint as a national bullion dealer and market maker for U.S. Mint products, and was named by Inc. Magazine as the No. 200 Fastest-Growing Private Company in America. For broader context on how precious metals fit into a retirement strategy, see our guide to precious metals IRA reviews.
Management Team
CEO — Jason Kaspar
Jason Kaspar is the CEO and co-founder of Texas Precious Metals and a fifth-generation member of the Kaspar family. He serves on the board of directors of Kaspar Companies, the broader family enterprise. His background spans the full operational history of the company, from its wholesale origins to its current full-service structure.
President — Tarek Saab
Tarek Saab is the President and co-founder of Texas Precious Metals. He holds a BS in Electrical Engineering from The Catholic University of America and began his career at Texas Instruments. He later appeared on NBC’s The Apprentice in 2006. Tarek has been a member of the Customer Advisory Board for UPS Capital since 2019 and has guided the company’s growth from wholesale roots to a vertically integrated operation reporting over $1 billion in annual sales.
The Texas Precious Metals Depository — A Key Differentiator
Texas Precious Metals is the owner of one of the relatively few precious metals depositories that is not affiliated with the government. Class 2 and 3 equivalent underground vault facilities are available at a highly secure location in Texas. All the stored metals are segregated, sealed, annually audited, and insured against all risks by Lloyd’s of London.
The assets of the clients are stored under the bailment terms, which means that they belong to the clients rather than the depository, and thus cannot be incorporated into its balance sheets. Moreover, no assets can ever be commingled with those belonging to other clients or to Texas Precious Metals itself. Such a setup ensures greater protection of investors’ interests than is provided by most third-party depositories. For context on why storage structure matters, see our article on gold storage vaults.
For investors who prefer international storage, Texas Precious Metals has partnered with Strategic Wealth Preservation (SWP) in the Cayman Islands. The company also lists a Lucerne, Switzerland office. Our coverage of offshore gold storage covers what international vault arrangements involve for U.S. investors.
Products Available
Texas Precious Metals provides customers with a vast array of gold, silver, and platinum coins, and also bars. In particular, there is considerable focus on IRA-qualified bullion. The store also provides collectors and numismatists with rare coins. However, one of the consistent challenges that should be noted is the fact that a significant percentage of items have been listed as Out of Stock. Should you require a certain item for your purchase, check its availability before proceeding to create an account. Palladium is not available.
Gold Products (Examples)
- American Gold Eagle
- Gold Canadian Maple Leaf
- Australian Gold Kangaroo
- American Gold Buffalo
- Austrian Gold Philharmonic
- Gold bars in multiple weights
Silver Products (Examples)
- American Silver Eagle
- Canadian Silver Maple Leaf
- Silver Britannia
- Canadian Silver Pronghorn Antelope
- Silver bars in multiple weights
Platinum Products (Examples)
- American Platinum Eagle
- Canadian Platinum Maple Leaf
A selection of collectible and numismatic coins is also available for investors with broader collecting interests. IRA-eligible products are clearly designated in the catalog. Confirm IRS purity and form requirements before purchasing any product for use inside a retirement account. For a broader overview of metals selection strategy, see our guide to precious metals investing.
Noble Gold Is Our #1 Pick for 2026
Texas Precious Metals has genuine strengths — particularly its own depository and its scale as a full-service bullion dealer. But for retirement investors who want the most guided, transparent Gold IRA experience available domestically, Noble Gold Investments is where we consistently point people first. Request their free guide — it answers the fee and rollover questions that Texas Precious Metals leaves unpublished.
Texas Precious Metals vs Other Gold IRA Companies
Texas Precious Metals is most usefully compared against a focused shortlist rather than the entire market. Here is how it stacks up against key peers:
Noble Gold Investments — our #1 rated company for 2026 — for retirement investors who want transparent pricing, a dedicated IRA specialist, and the most guided U.S.-focused rollover experience available. Noble Gold is the benchmark we hold all other companies against.
Augusta Precious Metals for investors prioritizing a premium, education-heavy experience with deep hand-holding throughout the IRA setup process.
Goldline for investors who want to compare a nationally recognized brand with a long retail history in precious metals against a more operationally integrated provider like TPM.
USAGOLD for investors drawn to a legacy dealer focused on physical bullion ownership and long-term education, rather than IRA-first positioning.
GoldCore for investors specifically interested in international custody infrastructure as a core feature — a priority that Texas Precious Metals also serves, but with a primarily domestic footprint.
Advantage Gold for rollover-focused investors who want a more guided, IRA-education-first experience than the primarily transactional model Texas Precious Metals offers.
Best gold investment companies — our full comparison page for investors who want to evaluate the broader field before narrowing down.
Texas Precious Metals’ strongest competitive position is its own depository and its U.S. Mint dealer status. Those are real differentiators. Where it is more exposed than some peers is on IRA experience quality, fee transparency, and product availability consistency.
We Recommend Noble Gold Investments First
Texas Precious Metals is a legitimate, well-scaled operation worth researching. But for a fully guided, fee-transparent Gold IRA experience built around the U.S. retirement investor, Noble Gold Investments is where we recommend beginning. Request their free guide before speaking to any rep.
Final Verdict
Texas Precious Metals is a legitimate, well-scaled precious metals dealer with infrastructure and credentials most of its competitors lack. Operating your own underground depository, holding U.S. Mint dealer status, and being backed by a century-old family business are not marketing claims — they are operational realities that matter for investors who care about counterparty quality and long-term stability of the company they are doing business with.
Where the company is harder to recommend without qualification is for retirement investors who want a deeply personalized IRA rollover experience with transparent upfront costs. Fees are not published. Products are not always in stock. And the company’s primary identity is as a high-volume bullion dealer first, IRA facilitator second. Those are not disqualifying factors — but they are important to know before calling.
If Texas Precious Metals is on your list, verify product availability for what you actually intend to buy, get a written cost breakdown, and compare that against Noble Gold Investments and at least one other provider before committing any retirement funds.
Founded in 2011, Texas Precious Metals has become one of the largest precious metals retailers in the United States. It operates as a bullion dealer, Gold IRA company, and has its own depository. The inventory contains gold, silver, and platinum products, many of which are eligible to be held in a Precious Metals IRA. Texas Precious Metals has partnered with GoldStar Trust Company and Kingdom Trust for custodial services. Storage options are its own Texas Precious Metals Depository, and Strategic Wealth Preservation (SWP) in the Cayman Islands. Some of the coins listed in the catalog are marked as “Out of Stock”.
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Mohammed Saqib is a finance professional and CFA Level II Candidate with a Master of Finance from Wilfrid Laurier University. He specializes in financial content covering equities, alternative assets, precious metals, and capital markets.
