Our review of Texas Precious Metals

Updated: August 9, 2026

OPRS may receive compensation when readers open an account through partner links on this page. Our analysis is based on independent research, BBB data, and IRS publications. OPRS is not an affiliate of Texas Precious Metals and receives no compensation from any Texas Precious Metals link, mention, or reader action.

If you found Texas Precious Metals through a search for a Gold IRA provider, the short answer is nuanced. TPM is a legitimate bullion dealer and a working depository operator. It is not a one-stop Gold IRA firm the way Augusta, Birch, or Noble are marketed. That distinction changes what questions matter before you send funds.

Below is a 2026 refresh of our review, verified against SEC EDGAR filings, TPM’s own current pages, IRS publications, and 26 U.S. Code section 408. We kept only facts we could source live and cut anything we could not confirm in August 2026.

What Texas Precious Metals actually is in 2026

Texas Precious Metals is a private bullion dealer and depository operator headquartered at 50 CR 356, Shiner, Texas 77984. Its published customer line is 361-594-3624. Its website, texmetals.com, was live and taking orders when we checked in August 2026.

The company describes itself as a subsidiary of Kaspar Companies, a family-owned South Texas business it dates to 1898. Kaspar Companies also states it is the largest employer in Lavaca County, with more than 500 people across four operating businesses. That parent-company scale is uncommon in the bullion-dealer sector and worth verifying on your own before you commit funds.

The Texas Precious Metals brand itself is younger than its parent. The company states on its site that it has processed orders since its inception in 2011. The older 1898 date belongs to the parent, not to the bullion dealer directly. Both facts are worth keeping straight if you compare TPM with dealers that market a much longer bullion track record.

Is Texas Precious Metals a Gold IRA dealer?

Partially. TPM sells IRA-eligible bullion and offers a documented IRA rollover workflow, but the IRA account itself must be opened with a separate IRS-approved trustee or custodian. TPM is the dealer leg of the Gold IRA structure, not the custodian leg.

A legal Gold IRA needs three parties working together. First, an IRS-approved trustee or custodian holds the account. Second, a dealer supplies IRA-eligible metals that meet the purity rules in IRC section 408(m). Third, an IRS-approved depository stores the physical metal, because home storage triggers a disqualified taxable distribution under the same statute. TPM can act as the dealer and, through TPMD, as the depository. The custodian is separate.

If a Gold IRA is your goal, start from the custodian side, not the dealer side. Our gold IRA custodian selection framework walks through the criteria that matter and how to check them at the source.

What we verified about Texas Precious Metals in 2026

We only kept facts we could source from a primary document, an IRS or SEC record, or the company’s own current pages. Anything we could not verify was cut. If a claim in an older review does not appear here, treat it as unverified until you check the live source yourself.

• Operating status: Active. The public storefront at texmetals.com was live and processing orders in August 2026.
• Legal parent: Kaspar Companies, per TPM’s own site copy, which describes TPM as a subsidiary and states Kaspar Companies has operated since 1898.
• Bullion dealer inception: 2011, per TPM’s own history section on texmetals.com.
• Headquarters: 50 CR 356, Shiner, TX 77984. Customer phone 361-594-3624. Both per TPM’s public pages.
• Product mix: Gold, silver, platinum, and palladium coins and bars from sovereign and private mints.
• Depository: Texas Precious Metals Depository (TPMD), operated under the same parent, published at texasdepository.com. TPM’s site states TPMD is insured by underwriters at Lloyd’s of London on an all-risks basis, subject to standard exclusions.
• Storage type: Segregated only. TPM’s site states that from the moment metals enter the vault, they remain the property of the client and independent of TPMD assets.
• ETF trust affiliation: TPMD is named on TPM’s site as the custodian of the Y’all Street Physical Gold ETF (YSAU) and Y’all Street Physical Silver ETF (YSAG). The related entity, Texas Precious Metals Trust (CIK 0002087989), has filed 52 documents with the SEC between September 2025 and July 2026, including Form S-1 registration statements, Form 8-A12B exchange registration, and quarterly and annual reports.
• Regulatory record we searched: A full-text SEC EDGAR search for “Texas Precious Metals” returns only routine registration and reporting filings for the Trust, plus unrelated mentions in A-Mark Precious Metals filings. We found no CFTC or SEC enforcement action against Texas Precious Metals or Kaspar Companies in that search window. Absence of a hit is not proof of a clean record; it is what our search returned.

What we could not independently verify from our infrastructure at the time of writing: the current BBB letter rating and complaint count, the Trustpilot star average, and current premium ranges by SKU. The BBB and Trustpilot pages returned bot-protection responses when we tried. We recommend that you pull the live BBB profile and the current Trustpilot page yourself before committing an order.

Texas Precious Metals Depository, in plain terms

TPMD is the storage arm. It sits on the same corporate family tree as TPM and is marketed at texasdepository.com. Per TPM’s own site, it serves individual investors, family offices, IRA custodians, and institutional clients, all on segregated terms.

The site states the facility is insured by underwriters at Lloyd’s of London on an all-risks basis, covering physical loss and damage, including theft, fire, and flood, for the designated insured value. Standard exclusions apply. Storage fees, minimum balances, and withdrawal terms are published on the TPMD site itself and are the version you should rely on at the time you sign.

The 2025 to 2026 SEC filings from Texas Precious Metals Trust are relevant here because they attach TPMD to a NYSE-listed ETF workflow. That level of documentation is unusual for a private depository and, for the retirement saver, means the operator has to keep public books under SEC oversight for the ETF trust it services. That is not the same thing as SEC oversight of your personal metals stored there, but it is a meaningful counterparty signal.

If you want TPM to sit inside your retirement account

The workable path has three legs. First, open or move a self-directed IRA to a trustee that accepts precious-metals holdings. Second, direct that custodian to buy IRA-eligible bullion from TPM at your chosen price, in a size the custodian’s approved-dealer process allows. Third, direct the custodian to have the metal stored at TPMD or at another IRS-approved depository the custodian works with.

Two practical notes. TPM’s approved-custodian relationships change over time, so verify current partners with TPM directly before you decide. And any premium above spot on IRA metal is the same math as premium on retail metal. Our bid-ask spread explainer covers what you actually pay versus what you would receive if you sold the next day.

If you plan to fund the IRA from a 401(k), 403(b), TSP, or existing IRA, work through the rollover mechanics before you pick the dealer. Our gold IRA rollover guide covers the 60-day rule, the 20 percent mandatory withholding on indirect rollovers, and the trustee-to-trustee path most retirement savers should use.

What to check before you send TPM money

• Total price at your order size: Ask for the spot-plus-premium quote for the exact SKU, funded by your intended payment method, at the moment you plan to order. Bullion premiums move throughout the day.
• Payment method impact: Wire and check normally price better than credit or debit. Confirm the discount before you check out.
• Buy-back policy and today’s bid: A dealer that will not quote a same-day buy price on the SKU it just sold you is a warning. Get the number in writing.
• Numismatic upsell risk: TPM is a bullion-first dealer, not a numismatic-heavy operator, but graded coins carry very different premium math. Our numismatic coin upsell red-flag guide covers the phrases to watch for.
• State sales tax at your shipping address: Bullion tax rules vary by state and by product. Confirm what applies at your delivery ZIP before you check out.
• Delivery timing, insurance, and packaging: How many business days after cleared funds, insured to what value, and what happens if a shipment is lost or delayed.
• For IRA orders, custodian sign-off: The order has to route through your IRA custodian’s approved workflow. If it does not, the purchase is not held inside the IRA and may create a taxable distribution.

Where Texas Precious Metals fits on the OPRS dealer list

The public OPRS shortlist at gold IRA dealers to avoid scopes to firms that market themselves as full Gold IRA providers. TPM does not market that way in 2026. It presents as a bullion dealer that can serve IRA orders through third-party custodians and can store the metal at TPMD.

That scope note is not an endorsement of TPM and not a warning against it. It is a category call. If you are researching a company that does market itself as a full Gold IRA firm, check it against our 2026 list before you commit funds.

If you already sent money to a Gold IRA operator and you feel misled or pressured, read our 2026 recovery playbook for gold IRA scam victims. It covers the CFTC, state securities regulator, and BBB paths, and what a realistic outcome looks like.

Frequently asked questions

Is Texas Precious Metals still in business in 2026?

Yes. Their storefront at texmetals.com was live and accepting orders when we checked in August 2026. The affiliated Texas Precious Metals Trust also had active SEC filings through July 2026.

Who owns Texas Precious Metals?

TPM’s own site presents it as a subsidiary of Kaspar Companies, a family-owned South Texas business operating since 1898. Kaspar Companies states it employs more than 500 people across four operating businesses in Lavaca County.

Can I open a Gold IRA directly at Texas Precious Metals?

No. TPM is a bullion dealer. A Gold IRA requires an IRS-approved custodian to hold the account and an IRS-approved depository to store the metal. TPM can act as the dealer leg and, through TPMD, as the depository leg. The custodian is a separate party.

Is the Texas Precious Metals Depository IRS-approved?

TPMD markets itself to IRA custodians and states it serves that channel. IRS-approved status for depository use inside a self-directed IRA depends on the specific custodian’s approved-depository list. Confirm with your custodian in writing that TPMD is on that list before you direct storage there.

Is there any SEC or CFTC action against Texas Precious Metals?

Our SEC EDGAR full-text search returned only registration and reporting filings for the Texas Precious Metals Trust, plus unrelated mentions in A-Mark filings. We found no enforcement filing in that search window. Absence of a hit is not proof of a clean record. Run your own check at the SEC and CFTC before you decide.

What is Texas Precious Metals’ phone number?

Their public customer line is 361-594-3624, per texmetals.com. Verify on the site before calling in case hours or numbers change.

Bottom line

Texas Precious Metals in 2026 is an active bullion dealer with a family-owned Texas parent, its own segregated Lloyd’s-insured depository, and a recently registered ETF trust workflow attached to it. That is a stronger paper trail than most private bullion shops offer.

It is not a full Gold IRA firm. If you want IRA-held metals, you still need a qualified self-directed custodian and confirmation that your custodian will work with TPM as dealer and TPMD as depository. Start from the custodian side, verify the current BBB profile and premium math yourself, and only then decide whether TPM is the right dealer for your retirement account.

Sources cited

1. U.S. Securities and Exchange Commission, EDGAR full-text search results for “Texas Precious Metals” (returns Texas Precious Metals Trust CIK 0002087989 and related filings). SEC EDGAR full-text search.
2. U.S. Securities and Exchange Commission, EDGAR company filings page for Texas Precious Metals Trust (CIK 0002087989), which lists all Form S-1, 10-K, 10-Q, 8-K, and 8-A12B filings from 2025 to 2026. SEC EDGAR filings for CIK 0002087989.
3. Internal Revenue Service, Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs). IRS Publication 590-A.
4. Internal Revenue Service, Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs). IRS Publication 590-B.
5. 26 U.S. Code Section 408, Individual retirement accounts. Subsection m covers bullion and coin purity rules for IRA holdings. 26 USC 408 on Cornell LII.
6. Better Business Bureau business profile lookup for Texas Precious Metals, Shiner, TX (for reader self-verification of current rating and complaint history). BBB business profile.
7. Better Business Bureau consumer guidance on how to read a business profile and complaint record. BBB consumer tips.