Company Updates
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October 01, 2014
We are excited to announce the arrival of the new 2015 Gold Australian Perth Mint Kangaroo! The beautiful new coin is .9999 fine gold with a legal tender face value of AUD$100. Each year, the Perth Mint changes the design of the reverse of the coin, and this year's design features a leaping Kangaroo with a full moon backdrop. Texas Precious Metals is one of the world's largest distributors of Perth Mint gold products, responsible for nearly 30% of domestic gold sales and 10% of worldwide gold sales.
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September 03, 2014
Texas Precious Metals and The Perth Mint release spectacular Houston-Perth “Sister Cities” Coin, celebrating the strong ties between the cities’ booming energy sectors
Shiner, TX: Texas Precious Metals is excited to announce the release of an exclusive Houston-Perth “Sister Cities” coin in partnership with The Perth Mint, Australia. The half-ounce, 99.9% pure silver coin features offshore and onshore oil rigs showcasing the cities’ historic energy sectors. The coin also pays homage to the flags of Texas and Australia.
The Sister Cities coin will have a legal tender face value of AUD$0.50 and be restricted to a limited mintage of only 500,000 coins.
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August 25, 2014
We are excited to announce that, following months of development, we released a major upgrade to our website on August 23rd. Despite a few minor hiccups, the rollover to the new website proceeded without any major disruptions.
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August 05, 2014
We're cleaning up the "house", and we have a few items sitting in the vault that are looking for a new home at rock bottom prices. Call us to lock in your trade. These will be sold on a first come, first serve basis.
SALE ENDS AT NOON ON AUGUST 6TH.
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July 31, 2014
Dear TexMetals family,
We are very proud to present you a short video on our company.
One of the most common concerns voiced from prospective clients is the question of company credibility. It is only logical given the nature of our products, our industry, and the large sums of money transacted on a daily basis. Local clients in South Texas have the distinct advantage of being able to visit our offices, meet the staff, and become comfortable with the people with whom they will conduct business. For everyone else, especially first timers living far from our offices, that first order can seem like a leap of faith with a faceless internet company.
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July 15, 2014
Market share increases, but sales down 11% from 2H13 and 17% annualized on weaker precious metals demand
(Shiner, TX): Texas Precious Metals (TPM) suffered the effects of weaker demand in the precious metals market in the first two quarters of 2014, posting sales of $74.9M for 1H14, down from $85M in 2H13. The company sold 36,738 ounces of gold (up from 32,855 in 2H13), and 1.16M ounces of silver (down from 1.48M in 2H13). Sales of the company’s 1 oz “Texas Silver Round” remained strong at 283,063 ounces.
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July 07, 2014
Laura Baverman, USA TODAY, July 7th, 2014: In the past three years, Tarek Saab has built a $180 million a year business buying and selling gold and silver, one that is now among the largest distributors for Australia's Perth Mint and the fastest growing companies in its industry.
Saab has built an online retail business that upends an industry still dominated by mom-and-pop coin shops with "We Buy/Sell Gold" billboards along the highway.
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May 12, 2014
We're cleaning up the "house", and we have a few items sitting in the vault that are looking for a new home at rock bottom prices. Call us to lock in your trade. These will be sold on a first come, first serve basis.
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May 09, 2014
"We are using UPS Proactive Response not only to transform our business, but to transform the precious metals industry," says Tarek Saab, chief operating officer and co-founder of Texas Precious Metals LLC, and a finalist on the fifth season of the NBC reality show The Apprentice.
For Texas Precious Metals, using an effective, quick and secure method of delivery is a priority.
Based in Shiner, Texas, the company began in 2011 as a precious metals wholesaler and quickly expanded into the retail market, doing about $200 million in business in 2013. The company is recognized by the United States Mint as a national bullion dealer and a market maker for U.S. Mint products. -
May 05, 2014
The Perth Mint, best known in the US for its line of gold coins and bars, has begun making a more active push into the silver market. The new 100 oz silver bars are the first major investment-grade offering in this space. These beautiful, brand new bars are now available for immediate shipment.