Success story: Precious metals company grows revenue to $200 million


"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.

"We believe that UPS Proactive Response Secure has been critical to our phenomenal growth and, even more importantly, UPS supports our business philosophy – we really see it as a partnership vital to our delivery process," Saab says. "The speed of delivery and high level of security, in tandem with the insurance protection from UPS Capital (/UPS-Ext-UPS-Capital/)®, go hand in hand to ease both our clients' anxieties and our own."

Securing customers' savings

"We understand that people investing in precious metals may be sending us their life savings, so we designed our supply chain for speed and customer reassurance," Saab says. "Today, the industry's average delivery time, from when the customer wires the funds to delivery of the package, is normally six to 12 weeks, which is incredibly frustrating to the customer. It holds the customer's funds at risk and makes the buyer very vulnerable."


Sorry, you must be logged in to post a comment.


Though there is some debate among historians, Texans themselves generally cite 1836 as the year of Texas’ independence. In the early 1930s, large celebrations were planned...
The American Gold Eagle is one of the world’s most popular bullion coins. First introduced in 1986, it has become one of the most recognized and frequently traded forms of gold....
When the $20 “Saint” was first introduced in 1907, the United States Mint struggled to perfect the coin’s design. In its original form, the coin’s design was extremely...
The Morgan silver dollar, for a number of reasons, is arguably the most popular of all United States coins. For one, they are big, beautiful coins. Their substantial size and...