Company Updates

  • (VIDEO) MARCH 15th, 2020: IMPORTANT UPDATE REGARDING FUTURE ORDERS

    Video topics:

    • - Thursday, March 19th will be our last day of shipping. All existing orders, as well as any orders placed on Monday, 3/15, will ship this week provided we receive payment before 12pm CST on Tuesday.
    • - If you have selected “Payment by Check” and you do not believe your check will arrive by Tuesday at 12pm CST, please email operations@texmetals.com and we can send you documentation that will allow us to pull funds from your account directly.
    • - If you order on Tuesday, March 17th, or after, your only shipping option will be to store at Texas Precious Metals Depository. We are offering two months of free storage to all customers who open an account in the month of March. When normal operations resume, you can choose to continue storing at normal rates, or we can ship your metal to you. If you intend to use this facility, please open an account at texasdepository.com.
    • - Effective immediately, we are temporarily raising our minimum order quantity to $1,000. This will not affect any pre-existing orders.
  • AN  UPDATE  REGARDING  ORDER  PLACEMENT

    Dear TPM clients,

    The market dynamics are changing rapidly, and the physical inventory situation industry-wide has worsened considerably since my message yesterday. I want to remind each of you that we will only sell products that we have in stock. We will not forward sell demand and ship after long delays. The future supply chain is uncertain at this point and we can only guarantee what we have in stock. Therefore, I need to apprise you of two important announcements. Read More

  • Limit Orders Temporarily Suspended

    Dear TPM Clients,

    A long running policy of Texas Precious Metals has been "If we don't have it, we don't sell it." Over the last few days the supply of most common items has greatly decreased, and we are only selling what we have in stock. We will not forward sell. Read More

  • Important Update

    Dear TPM Clients,

    As you all know, the effects of coronavirus (COVID-19) have accelerated what is now a precipitous decline in equities. Access to liquidity in the markets has become an issue, and all asset classes are being affected - including precious metals. This historic turn of events has created a demand shock in the physical precious metals industry. Following years of slow to moderate sales following the Greek crisis in 2015, the entire industry has been cautious to build large inventories. This includes the United States Mint, which experienced a terrible production decline of Silver American Eagles, down to only 14.9M ounces minted in 2019. Read More

  • Liquidity Crisis Accelerates and Hits Metals Hard

    The sell off in markets accelerated by coronavirus and the global reaction to curtail the pandemic has left no prisoners, as nearly all asset classes are selling off in a flight to liquidity. As large institutions face margin calls, they are forced to close positions or raise cash by selling anything and everything that is liquid. Gold and silver - the “safe haven” assets - are no exception. I would remind readers that in the global financial crisis gold fell 27% and silver fell 55% in nominal terms. Gold outperformed equities on a relative basis, but silver actually underperformed. Read More

  • Coronavirus Update | 3-9-2020

    Dear TPM Customers,

    As a health and safety precaution we will be closing our client lounge for the next thirty days. If you wish to purchase or sell metals, please contact our trading desk at 361-594-3624. We will either ship items we sell to you or arrange shipment for items we buy back from clients.

    Texas Precious Metals Depository will remain open for clients to retrieve or drop off contents during this time. We appreciate your understanding.

  • Thanksgiving Holiday Schedule - 2019

    *During holiday breaks please note that we do "hold" packages from shipping on certain days for security reasons (packages lingering in sort facilities around holidays pose higher security risks). We believe this grace period is in the customer's best interest, and could potentially impact the 3-day shipping window slightly.

    Read More

  • [VIDEO] Gold Price Update, Nov 15, 2019

    Gold Price – Breakdown, or Another Leg Higher?

    Picking up from last week’s video, I wanted to do a deep dive into gold, particularly because there is a diversity of opinions regarding whether we break down from here or we make another leg higher. In this video, I address a recent chart from JC Parets at All Star Charts and my opinion regarding his analysis in the short term.

    The big question is whether gold has completed a fifth wave from the $1170 low (setting up and A-B-C correction), or whether the recent high was only wave 3, setting up a fifth wave higher. I am of the latter opinion.

    As always, we would love to hear your feedback whether you agree or disagree.

  • 2018 Texas Precious Metals Holiday Schedule

    *During long holiday breaks, such as Thanksgiving, Christmas, and New Year's, please note that we do "hold" packages from shipping on certain days for security reasons (packages lingering in sort facilities around holidays pose higher security risks). We believe this grace period is in the customer's best interest, and could potentially impact the 3-day shipping window slightly.

    Read More

  • New Direction IRA to Offer Self-directed IRA Services at Texas Precious Metals Depository

    Texas Precious Metals Depository announces the addition of New Direction IRA - a provider of self-directed IRAs, 401(k)s, health savings accounts (HSAs), and other such tax-advantaged savings vehicles – as a preferred custodian for self-directed IRA services at its new storage facility. In conjunction with New Direction, Texas Precious Metals Depository (TPMD) will complement the retail services provided by Texas Precious Metals to meet the needs of precious metals IRA investors.

    Read More