Texas Precious Metals joins LBMA as an Affiliate Member
What were the reasons for you wanting to join LBMA and what do you see as the key benefits of membership?
We have enjoyed meteoric growth in revenue and depository holdings over the past 15 years, expanding beyond retail to service the bullion banks, refineries, custodians, and larger brokers/dealers. Our joining LBMA was a necessary progression for enhancing communication and collaboration in global trading.
Tell us about your company’s role in the precious metals market?
We are a vertically-integrated precious metals operation that offers online retail and wholesale trading, in-house logistics, and retail and commercial segregated storage in our world-class, 54,000 square foot depository. In addition to gold, platinum, and palladium, our depository now holds more than 100M ounces of silver for over 30,000 clients.
What’s the background and history of the company?
Founded in 2011 as a subsidiary of Kaspar Companies (a family-run business established in 1898), Texas Precious Metals (TPM) has grown to become one of the largest retailers of bullion in the United States.
What factors do you expect to impact your business in the short to long term?
Our depository expansion into offshore markets, partnerships with global brands like UFC and Professional Rodeo, our streaming media platform YallStreet.com, as well as new ventures supporting capital markets, will further stimulate our growth.
What are your future plans for the business?
Texas is now the eighth-largest economy in the world and is emerging as a major financial centre. With initiatives such as NYSE Texas and the planned Texas Stock Exchange (2026), we see clear momentum shifting from New York toward Texas.
Our facilities currently hold over 100 million ounces of silver, with annual growth of more than 30 million ounces. This positions us to play a central role in the ongoing geographic shift in the metals market.
Looking ahead, we anticipate either an expansion of COMEX beyond New York or the emergence of a new regional competitor - a “TEXMEX” network of depositories in the southern and western United States. We are positioning our business to be at the forefront of either outcome, ensuring that our infrastructure, partnerships, and capacity can support the industry’s next phase of growth.
