Company Updates

  • Shipping Update 02-16-2021

    As we feared, the severe weather conditions affecting all of Texas have greatly impacted our business operations and supply chain.

    - We are presently experiencing rolling blackouts lasting 3-4 hours at a time. We have tried to keep the phone lines open by spreading the staff across multiple locations, but phone service may be intermittently unavailable for the next 24-48 hours. If the matter is urgent, email may be a more effective means of communication: contactus-tpm@texmetals.com

    - UPS has not retrieved packages for the last two days, and we do not know at this time if they will be picking up packages tomorrow, Wednesday, February 17th.

    Please understand that the shipping delays enhanced by these conditions are equally as frustrating to our staff as they are for you. We will continue to do everything humanly possible to move metal out the door.

    I will keep you posted as conditions change. Thank you for your patience with us.

    Sincerely,
    Tarek Saab
    President

  • Company Update 2-5-21

    This week we are proud to celebrate our 10-year anniversary, and over the coming months we look forward to celebrating this milestone with you. Never in those ten years have we ever experienced the challenges and unprecedented spike in volume that we have experienced over the past week – not even during the Covid crisis. The news of the attempted silver short squeeze has been well-reported and has driven historic demand during a period in which inventories have not yet fully recovered from supply chain disruptions.

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  • 2020 End of Year 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.

    LAST DAY TO ORDER FOR DELIVERY BY CHRISTMAS!

    (YES, PROCRASTINATORS, WE SEE YOU.)

    Wednesday, December 16th: Orders less than $1,000
    Monday, December 21st: Orders larger than $1,000

    Please note that these dates refer to the date your payment clears. Orders paid by electronic check (ACH) may take 1 to 2 additional days to process from the time you submit your electronic check (ACH) Registration Documents.

     

    CHRISTMAS WEEK HOURS

    Monday, December 21st: 8:00 AM - 6:00 PM CST
    Tuesday, December 22nd: 8:00 AM - 6:00 PM CST. *Last day of shipping for the week.
    Wednesday, December 23rd: 8:00 AM - 2:00 PM CST. *Our vault will not be shipping.
    Thursday, December 24th: Christmas Eve.  We are CLOSED.
    Friday, December 25th: Christmas Day. We are CLOSED.

    NEW YEAR'S WEEK HOURS

    Monday, December 28th: 8:00 AM - 6:00 PM CST
    Tuesday, December 29th: 8:00 AM - 6:00 PM CST - Last day of shipping for the week.
    Wednesday, December 30th: 8:00 AM - 6:00 PM CST - Our vault will not be shipping.
    Thursday, December 31st: 8:00 AM - 12:00 PM CST - Our vault will not be shipping.
    Friday, January 1st: New Year's Day - We Are Closed

  • 2020 Thanksgiving 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.

    Monday, November 23rd: We are open during normal business hours. Full shipping day.

    Tuesday, November 24th: We are open during normal business hours. *Last day of shipping for the week.

    Wednesday, November 25th: Our offices will close at 2pm CST. Our vault will not be shipping.

    Thursday, November 22nd: Thanksgiving Day.  We are CLOSED.

    Friday, November 23rd: We are CLOSED.

  • Big Breakouts Across Metals Complex: Gold, Silver, Miners

    Precious metals prices broke out this morning above key resistance levels in the mining sector as well as the underlying futures market for the raw metal.

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  • 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.

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  • 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.