The Texas Precious Metals Depository, TPMD, is a storage facility for precious metals. It specifically is an option for those who have gold, silver, platinum, and palladium in their self-directed IRAs. With amazing security measures, full insurance, and strict adherence to IRS rules, TPMD, offers a solution for those who are interested in protecting their assets in a confidential way.
I added gold and silver to my IRA years ago with the Goldco company and chose this depository to storage my metals. This is my full review based on my personal experience storing my valuable metals there.
Texas Precious Metals Depository – What Is It?
The Texas Precious Metals Depository is a storage option for those who are looking for a secure storage facility. Located in Shiner, TX, this depository is known around the country for its exceptional security, full insurance coverage, and excellent customer service. It also offers competitive and transparent pricing. This depository is part of the State of Texas, and it is the only state-administered storage facility in the country.
Services Available from the Depository
TPMD has a number of services available. There are both segregated and non-segregated options for storing precious metals. Specifically, the depository is a secure storage option for storing precious metals for IRAs. The depository has very strict inventory management practices, a fair pricing structure, reliable shipping, and 24/7 surveillance. To improve safety even more, the company offers biometric access controls and fire-resistant vaults.
Is Texas Precious Metals Depository a Reputable Storage Facility?
Yes, TPMD is a very reputable storage facility. It is consistently endorsed by financial advisors and precious metals companies from coast to coast. Over the years, TPMD has a solid reputation for service quality, customer satisfaction, security, and competitive pricing. It is accredited by the ANA and the ICTA, and it is fully insured by Lloyd’s of London.
One of the best ways to see how much a company is trusted is to look at consumer reviews. These can help you make well-informed decisions:
Better Business Bureau
Texas Precious Metals Depository holds an A+ rating with the BBB. The company has been accredited with the BBB since 2011, and there are no complaints filed.
TrustPilot
On TrustPilot, there are three reviews – two of them are 5-star reviews and one is a 4-star review.
On Google, there are more reviews for TPMD, and it is rated as with 4.9/5 stars.
Texas Precious Metals Depository – Benefits
There are many benefits to working with TPMD for storage. Of course, there is a very high level of enhanced security. This advanced technology ensures that the investments stored here, from gold bars and Canadian Gold Maple Leafs to American Gold Eagles and Canadian Silver Maple Leafs are protected.
The company is also compliant with IRS regulations for storing precious metals. This gives you peace of mind, as you can be 100% sure that your metals will be safe both now and in the future, no matter what market trends do.
Another benefit of working with Texas Precious Metals is the strong level of customer service the company offers.
Finally, there are options that investors can choose from, including segregated and non-segregated storage options.
Storing IRA Precious Metals at TPMD
If you work with a precious metals dealer, and you are ready to purchase precious metals for a self-directed IRA, you need to adhere to IRS guidelines. You will need to work with an IRA custodian, like Goldstar Trust Company or Equity Trust Company, choose your metals, and then you can use TPMD for your storage.
You cannot store precious metals in gold IRAs, or other precious metals IRAs, at home. You must store them in an IRS approved depository like TPMD.
Keep in mind that you can also buy precious metals directly from Texas Precious Metals. Product quality is reported to be wonderful, and the company works with other well-reviewed companies like Lone Star Tangible Assets, Nexstar Media, Inc, and much more.
Texas Precious Metals Depository FAQ
Is Texas Precious Metals Depository Approved by the IRS?
Yes, TPMD is recognized by the IRS to store precious metals for IRAs.
Can I Store Gold, Silver, Platinum, and Palladium at TPMD?
Yes, you can store gold, silver, platinum, and palladium at TPMD. You can store coins, bullion, bars, and more.
Can I Visit TPMD?
You can visit TPMD if you make an appointment and follow the security protocols.
What are the Best Precious Metal IRA Depositories
There are many amazing depositories in the US, and sometimes it’s difficult to determine if one might be best, or if you should consider competitors. Here are the depositories we have chosen as the best:
Texas Precious Metals Depository
One of our top choices, TPMD is known for secure, IRS-compliant solutions with a focus on customer service and security.
Delaware Depository
Another very high-security vault that offers amazing storage and insurance for IRA-eligible precious metals.
Loomis International
This company is a specialist in storing precious metals on a global scale.
Brink’s Global Services
Offers secure logistics and storage. It uses a large global network.
HSBC Bank USA
With secure vaults and an international banking infrastructure, HSBC Bank is known for it’s full service solutions.
CNT Depository
Known for the highest levels of security, the company is known for offering segregated and insured storage.
International Depository Services
Offers secure storage in the US and Canada. There are customizable options, and everything is compliant with IRS regulations.
Dakota Depository Company
Both personalized service and privacy are emphasized here in the insured and secure storage facility.
JP Morgan Chase Bank
Offers services including precious metals storage, and also ensures compliance and security.
Know the IRA Rollover Process Before You Choose a Depository to Store Precious Metals
Before you choose a depository for precious metals storage, you must understand how gold IRA rollovers work. This is the process that involves transferring funds from one retirement account to a new precious metals IRA.
The process must comply with IRS regulations to ensure tax benefits are fully taken advantage of. You cannot store physical metals at home if they are part of an IRA. A custodian will help with this.
Also, Choose the Best Precious Metals IRA Custodian
Choosing the custodian is an important part for investors who want to invest in a precious metals IRA. The custodian must have experience in managing a precious metals IRA, and it should offer a number of investment options and help guide investors through the process.
Final Thoughts About Texas Precious Metals
You have a choice when it comes to storing your precious metals. One of the best depositories out there is the Texas Precious Metals Depository. I’m speaking from first hand experience here. Clients around the country use this depository, and the company is known for its security, honesty, and resources.
About Tim Schmidt Sr.
Tim Schmidt is an Entrepreneur and Serial Investor. Since 2012 he’s been an advocate of alternative investments using a Self Directed IRA. His work has been featured in Yahoo! Finance, USA Today, Business Insider, and Tech Times, among others.
