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Investing in precious metals such as gold and silver is an excellent strategy to diversify your investment portfolio. Regardless of how close you are to retirement, there is still time to enhance your portfolio's stability with precious metal investments.
Traditional investments like stocks, bonds, and mutual funds often decline in value during times of crisis. In such periods, investors frequently seek refuge in more stable assets.
Precious metals, including gold, silver, and platinum, tend to retain or even appreciate in value during crises. For instance, during the COVID-19 pandemic, gold prices soared to an all-time high.
This growing interest in precious metals has led many to explore investment opportunities in this sector.
To assist you in making informed decisions, we present our comprehensive review of the Texas Bullion Exchange.
Before we get started, investing your savings is a serious task. When it comes to adding precious metals to your portfolio, how do you know which companies to trust?
That is why we have researched every company in the industry and selected the very few with the highest customer service standards.
This way you can easily compare the best companies in the business, and choose one that fits your needs and investment goals.
Read the list to see if Texas Bullion Exchange passed our strict customer service standards to become one of our top recommendations.
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Investing in precious metals is different than investing in a conventional IRA. The IRS sets rules around how you can purchase, store, and manage your precious metal investments.
You must purchase your precious metal investments using a self-directed IRA. An approved IRA custodian must manage your investments, and an approved depository must store the investments.
Some precious metal dealers also offer IRA account setup and custodian services. Many precious metal dealers have partnerships with reputable custodians and depositories. Before selecting your Gold IRA company, investors should become familiar with the different types of Gold IRAs.
If you open a traditional Gold IRA, you will fund the account with pre-tax dollars. With a Roth Gold IRA, you will fund the account with post-tax dollars. If you are self-employed, you may want to look into a SEP Gold IRA.
No matter which IRA you choose to store your precious metal investments, you'll need to fund your account. Like conventional IRAs, you can fund your new precious metals IRA with cash contributions, transfers, or rollovers. Some companies may help you set up an indirect rollover.
About Texas Bullion Exchange
Founded in 2013, Texas Bullion Exchange operates out of Beaumont, Texas. They received Better Business Accreditation in 2014. Texas Bullion Exchange boasts that they are one of the country's most trusted precious metal dealers. Their team has years of experience in the precious metals industry. TBE focuses on selling precious metal coins and bullion to collectors and investors.
Texas Bullion Exchange offers a wide selection of precious metals at low prices. The company prioritizes customer satisfaction, so they offer a money-back guarantee. When you make a purchase with Texas Bullion Exchange, the company assigns you an account specialist to help you manage your purchases. Texas Bullion Exchange also offers educational materials for new investors on its website.
Texas Bullion Exchange is a member of the Industry Council for Tangible Assets (ICTA), Numismatic Guarantee Corporation (NGC), Professional Coin Grading Service (PCGS), and American Numismatic Association (ANA). They are BBB Accredited and registered with the Texas Crafted Precious Metals Administration.
Texas Bullion Exchange Management Team
Chief Executive Officer and Founder: After a lifelong interest in coins and precious metals, Edward Hein founded Texas Bullion Exchange in 2013.
He has over 20 years of experience in the precious metals industry. Hein now focuses on directing precious metal investment strategies for others.
Hein is a member of the Industry Council for Tangible Assets (ICTA), Numismatic Guarantee Corporation (NGC), Professional Coin Grading Service (PCGS), and American Numismatic Association (ANA).
Why Choose Texas Bullion Exchange
Texas Bullion Exchange approaches every customer with a promise to offer expertise, personalized service, transparency, competitive pricing, secure transactions, and a strong reputation in the industry.
Texas Bullion Exchange's account managers have a reputation for providing exceptional service and high-quality products. They have been in the precious metals and rare coin industry for many years and have built a loyal customer base.
Texas Bullion Exchange's account managers bring years of experience in the precious metals and rare coin industries. They use their industry knowledge to provide valuable insights and personalized service to every customer. While some companies may pass off customers to different account reps, Texas Bullion Exchange's account managers take the time to get to know every customer and their goals.
Texas Bullion Exchange also promises to operate with transparency and honesty. TBE's account managers want every customer to make informed investment decisions without feeling pressured. Since Texas Bullion Exchange keeps overhead costs low, they can offer competitive prices and a money-back guarantee.
Texas Bullion Exchange guarantees that every transaction is secure. The company uses advanced security measures to protect customers' personal and financial information. Every precious metals purchase is guaranteed and fully insured.
Services Provided by Texas Bullion Exchange
Texas Bullion Exchange offers numismatic coins, novelty coins, gold, silver, platinum, and palladium. They also offer self-directed IRA services. Not all coins sold by Texas Bullion Exchange are IRA-approved, so customers should check with a TBE account manager before purchasing.
The Texas Bullion Exchange website allows users to browse all of the company's products and limit their search to IRA-approved precious metals. The Knowledge Center features articles on coin collecting, investing, and coin grading.
Storage Options
Texas Bullion Exchange states that they work with a network of approved depositories. The website does not list these depositories. Customers should inquire about which depositories they recommend and investigate them further. New investors also may store their precious metals in an FDIC-approved bank safe deposit box.
Texas Bullion Exchange Buyback Program
Texas Bullion Exchange offers a buyback or return policy. TBE offers all our customers a refund, return, and/or exchange policy on everything they sell. Customers may return their items up to five days after receiving the items.
Between 5 and 30 days after receiving the items, customers may return their items, but TBE will apply a 20 percent restocking fee. After the 30-day window, TBE applies the market loss policy.
To request a refund, return, or exchange, customers must call the Customer Service Department by phone within 5 days of receiving their items. Customers will fill out a return form, and the customer service representative will give instructions on how to return the items.
Shipping and handling charges are non-refundable, and customers are responsible for return packaging and shipping fees. Customers must return items in their original packaging.
Texas Bullion Exchange reserves the right to reject any return that does not comply with these requirements. The company will not issue refunds for items lost in shipping, so customers should use a return shipping service with tracking.
The Precious Metals Offered
Texas Bullion Exchange offers a selection of gold, silver, platinum, and palladium. The company sells IRA-approved precious metals like:
Our Rating
Pros & Cons
Pros
Cons
Can I Trust Texas Bullion Exchange?
Texas Bullion Exchange is a member of professional organizations serving the coin and precious metals industries.
Reviews and Accolades
Member of:
Texas Bullion Exchange is accredited by the Better Business Bureau and registered with the Texas Crafted Precious Metals Administration.
Reviews on Other Websites
Although the Better Business Bureau gives Texas Bullion Exchange an A rating, there are not enough reviews on the BBB site to assess the company.
TBE has two reviews on the BBB site and an average rating of 2 out of 5 stars.
One reviewer left a negative review because Texas Bullion Exchange did not offer a first-time customer promotion. Another negative review stated that an item that was out of stock was still available for purchase on the website.
On Facebook, Texas Bullion Exchange has an average rating of 5 stars from 19 ratings. Some of the ratings appear to be advertising cryptocurrency scams. These ratings frequently appear on precious metal dealers' Facebook pages and are not a reflection on Texas Bullion Exchange. Legitimate reviews praise Texas Bullion Exchange's team for their knowledge and professionalism.
Texas Bullion Exchange is not listed on Trustpilot or Business Consumer Alliance. Birdeye does have reviews for Texas Bullion Exchange out of Houston; however, one reviewer states that this is not affiliated with Texas Bullion Exchange in Beaumont.
Fees
Texas Bullion Exchange does not list a fee schedule on its website. Customers should inquire about fees directly with the company. The company does charge an additional fee for credit card payments.
Each item on the Texas Bullion Exchange's website features two prices: the check/wire price and the credit card price. The credit card price reflects this additional charge for using a credit card.
Final Thoughts
Texas Bullion Exchange offers investors and collectors competitively-priced precious metals and numismatics. The company also employs an IRA team to help new investors set up a self-directed IRA.
In addition to Better Business Bureau accreditation, Texas Bullion Exchange is a member of several professional organizations related to numismatics and precious metals. These professional organizations give Texas Bullion Exchange added credibility in the industry.
The Texas Bullion Exchange website reflects the company's primary focus on coins and numismatics. Each product available for sale features detailed descriptions and price information.
Customers may narrow their search to IRA-approved precious metals and filter the results down to their preferred price. Some pages on the site, such as the Grading Guide and Customer Disclosures, were unavailable.
Although Texas Bullion Exchange offers self-directed IRAs, the company's website does not have much information about this service. The website includes general information about how and why customers should open a Gold IRA.
TBE also states that customers can contact TBE's IRA team to open a Gold IRA. Texas Bullion Exchange states that they work with a network of approved depositories, but they do not provide a list of partners.
Customers in the Beaumont, Texas area may prefer to visit Texas Bullion Exchange's showroom. Investors can view and purchase products in person.
Before purchasing online or in person, customers should familiarize themselves with Texas Bullion Exchange's return policy. The company accepts returns but may charge additional fees depending on when the customer initiates the return.
Texas Bullion Exchange's strength is in its offerings of precious metals and numismatics. Customers will enjoy browsing their products and reading the detailed descriptions. Information about IRA services is limited. Investors may prefer to open an IRA with a company that is more transparent about its custodian and depository network.
Remember to read out list of the Top Gold Companies to see if Texas Bullion Exchange made the cut.
>> Click HERE to read our Best Precious Metals Investment Companies list <<
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