USA Today: Service makes precious metals start-up shine
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.
His start-up, Texas Precious Metals, isn't devoted to persuading people to buy gold and silver. Instead, it provides existing gold and silver investors a sophisticated e-commerce and payments platform and real-time access to prices for gold, silver and other rare metals, coins and bullion.
The company has a vault in Shiner, Texas, full of the 40 products listed for sale on its website, all purchased new from government mints. It focuses on customer service with a partnership with the United Parcel Service guaranteeing shipment within three days and overnight delivery.