What Texas Precious Metals Depository does

Texas Precious Metals Depository (TPMD) is a private vaulting and storage division of Texas Precious Metals, LLC, itself part of fifth-generation family-owned Kaspar Companies (founded 1898, 400+ employees across four Texas locations). TPMD opened in 2018 and operates a 54,000+ square foot purpose-built reinforced concrete facility in Shiner, Texas, positioning itself as one of the largest precious metals depositories in the world and the largest in Texas by size and value of holdings. The business serves individual investors, high-net-worth clients, self-directed IRA holders, and international/offshore clients with fully segregated, individually sealed storage for gold, silver, platinum, and palladium — explicitly never commingled and held under a bailment structure that keeps client assets independent of TPMD's balance sheet.

The core technology stack centers on physical and operational security: UL Class II Rated TRTL-60x6 steel-and-concrete vaulting, 4,000-pound dual-controlled timer-based vault doors, man traps and truck traps, biometric scanners with facial recognition, RFID/barcoded inventory managed by autonomous robotic shuttles, and 24/7 redundant surveillance with alarms tied directly to local police and the county sheriff within one mile of the facility. Security personnel are full-time commissioned police officers or ex-military with SWAT experience — explicitly not outsourced. The platform is LBMA Member Facility certified, SOC 2 Type II and SOC 3 audited (by San Antonio firm ADKF), and fully insured on an all-risks basis through Lloyd's of London underwriters for full replacement value.

TPMD's revenue model is predominantly subscription/recurring storage fees billed monthly at 0.28%–0.6% annually on marked-to-market value (using LBMA reference prices), with tiered discounts at higher balances, a $1.50/oz/year premium vault leasing surcharge, a $10 monthly minimum, and zero account setup, deposit, withdrawal, or viewing fees. Go-to-market combines direct-to-consumer acquisition through texasdepository.com and phone sales with a channel-partner motion via five self-directed IRA custodians (GoldStar Trust, STRATA Trust, Horizon Trust, Digital Trust, IRA Financial Trust). In 2024, TPMD extended its offering globally through TPMD Cayman (partnering with Strategic Wealth Preservation) and TPMD Swiss (partnering with Loomis), enabling clients to hold and transfer assets across Texas, Cayman Islands, and Swiss bonded warehouse (OZL) locations under a single account and unified billing, with the Switzerland location enabling VAT-free precious metals purchases.

Name

Texas Precious Metals Depository

Legal name

Texas Precious Metals, LLC

Website

https://texasdepository.com

Company type

Private

Founded year

2018

Operating status

Operating

Short description

Texas Precious Metals Depository is a private, fully-segregated precious metals vaulting division of Texas Precious Metals LLC (Kaspar Companies), operating a 54,000+ sq ft UL Class II facility in Shiner, Texas, with global extensions in the Cayman Islands and Switzerland, serving HNW individuals, self-directed IRA holders, and international investors through subscription storage fees and IRA custodian partnerships.

Ownership category

akta.pro rank

Product category

Precious Metals Vaulting and Custody

NAICS

Investigation, Guard, and Armored Car Services (56161)

SIC

Services-Detective, Guard & Armored Car Services (7381)

akta.pro primary industry

Secure Storage, Vault Rental & Safe Custody (Non-Bank) (BPAKAIAJ)

akta.pro secondary industry

Precious Metals & Bullion Logistics Security (BPAKAIAF)

Keywords

• Precious metals storage
• Bullion vaulting services
• Segregated metal custody
• Self-directed IRA storage
• Offshore gold storage

Headquarters

HQ city

Shiner

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Storage Fees: Annual storage fees billed monthly based on the marked-to-market value of holdings. Rates vary by asset type (gold/platinum/palladium vs silver) and account balance tier, ranging from 0.28% to 0.6% annually for Texas location. Includes 100% insurance coverage through Lloyd's of London in the annual premium.
2. Premium Vault Leasing: Additional surcharge of $1.50 per ounce per year for leased space inside dual-controlled TRTL-30X6 drill-resistant treasury safes nested in Class 2 vault within concrete entombed depository.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Texas Precious Metals Depository provides secure, fully segregated vaulting and storage services for physical gold, silver, platinum, and palladium coins, bars, and rounds in a 54,000+ square foot purpose-built reinforced concrete facility in Shiner, Texas. All client metals are individually sealed and never commingled, insured for full replacement value by Lloyd's of London, marked to market daily against the LBMA reference price, and audited annually by an independent CPA firm. Clients access a single account to store domestically or transfer offshore to Cayman Islands and Switzerland locations, and can self-direct precious metals held within IRAs through five custodian partners.

Product overview

Texas Precious Metals Depository (TPMD) is a private vaulting and storage division of Texas Precious Metals LLC that opened in 2018. The company offers a unified platform for secure, segregated storage of gold, silver, platinum, and palladium. Core offerings include the Texas-based TPMD facility (54,000+ sq ft Shiner, TX vault), offshore TPMD Cayman storage, and Swiss TPMD Swiss storage — all accessible through a single client account with unified billing. Additional services include self-directed Precious Metals IRA storage through five custodian partners, on-site trading desk operations for fast liquidation, and comprehensive insurance through Lloyd's of London. The product ecosystem spans from domestic vaulting to international offshore storage with full segregation, insurance, and IRA compatibility across all locations.

Differentiator

Problem solved

Functional benefit

Brands

• TPMD Cayman: Offshore storage option in the Cayman Islands in partnership with Strategic Wealth Preservation
• TPMD Swiss

Products and services

• Texas Precious Metals Depository (TPMD) Secure, fully segregated vaulting and storage services for gold, silver, platinum, and palladium coins, bars, and rounds at the 54,000+ square foot Shiner, Texas facility, with 100% insurance through Lloyd's of London, daily LBMA mark-to-market valuation, and on-site trading desk for fast liquidation.
• TPMD Cayman Offshore storage in the Cayman Islands through a partnership with Strategic Wealth Preservation, offering a British Overseas Territory jurisdiction with political neutrality, English-speaking environment, and U.S. dollar acceptance, accessible through a unified TPMD account.
• TPMD Swiss Swiss bonded warehouse storage (OZL) through a partnership with Loomis, enabling VAT-free purchase and storage of silver, platinum, and gold in Switzerland, accessible through the same unified TPMD account.
• Precious Metals IRA Storage Self-directed IRA storage for physical precious metals, supported by five custodian partners (GoldStar Trust Company, STRATA Trust Company, Horizon Trust Company, Digital Trust, and IRA Financial Trust Company), enabling clients to hold physical bullion in tax-advantaged retirement accounts at TPMD facilities.
• Private Storage Fully segregated private storage where individual gold, silver, platinum, and palladium coins, bars, or rounds are individually sealed and never commingled with other clients' holdings, available across Texas, Cayman, and Swiss vaults.
• Global Storage Program Multi-jurisdiction storage program allowing clients to buy, sell, or transfer assets to any TPMD global location (Texas, Cayman Islands, Switzerland) through a single account, single bill, and single portal.

Quantifiable outcome

• Deposits generally complete within three business days of settlement
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Strategic Wealth Preservation (SWP)coreStrategic or Co-development PartnerTPMD Cayman partnership providing secure offshore storage in the Cayman Islands. British Overseas Territory with stable legal system backed by the UK government, politically neutral, English-speaking with U.S. dollars accepted. Provides clients access to global storage diversification close to home.
• LoomiscoreStrategic or Co-development PartnerTPMD Swiss partnership providing secure storage in Switzerland through Loomis, one of the world's most recognized names in secure logistics and vaulting. Provides access to Swiss bonded warehouse storage (OZL), allowing silver, platinum, and gold to be purchased and stored VAT-free. Switzerland known for stability, strong property rights, and no history of gold confiscation.
• GoldStar Trust CompanycoreChannel Partner/ Reseller/ DistributorSelf-directed IRA custodian partner founded in 1989. One of the largest IRA custodians in the United States. Manages required IRA custody and administrative responsibilities for precious metals investments stored at TPMD.
• STRATA Trust CompanycoreChannel Partner/ Reseller/ DistributorSelf-directed IRA custodian partner since 2008, backed by Horizon Bank. Supports thousands of investors in diversifying retirement portfolios across traditional and alternative assets. Manages IRA custody and administrative responsibilities for precious metals stored at TPMD.
• Horizon Trust CompanycoreChannel Partner/ Reseller/ DistributorSelf-directed IRA custodian partner founded in 2011, based in Albuquerque, New Mexico. Licensed custodian governed by IRS and Department of Labor, offering all-inclusive account with no hidden fees for precious metals IRAs stored at TPMD.
• Digital TrustcoreChannel Partner/ Reseller/ DistributorSelf-directed IRA custodian partner. Leading custodian specializing in non-traditional assets, empowering clients to diversify beyond standard publicly traded options. Provides custodial services for precious metals stored at TPMD.
• IRA Financial Trust CompanycoreChannel Partner/ Reseller/ DistributorSelf-directed IRA custodian partner founded in 2010, headquartered in South Dakota. Helped over 25,000 clients invest more than $4 billion in assets through Self-Directed IRAs and Solo 401(k)s. Offers flat-fee pricing for precious metals storage at TPMD.
• Lloyd's of London (Underwriters)coreOthersInsurance coverage provider for all client holdings on an all-risks basis against physical loss and damage, including theft, fire, and flood, for full replacement value. Leading insurers of specialized assets. Insurance included in annual storage premium.
• ADKF (San Antonio firm)minorOthersAnnual auditor for client accounts. San Antonio-based accounting firm conducting annual audits of TPMD operations and client accounts.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Loomis: Global secure logistics and vaulting provider (and TPMD's actual Swiss storage partner). Provides precious metals storage internationally; competes with TPMD in the broader vaulting space while also serving as an upstream infrastructure partner.
• APMEX: Largest US online precious metals retailer with an adjacent storage and IRA offering. Comparable to TPMD's value proposition for retail and IRA customers, though APMEX's primary business is metals distribution rather than vaulting.
• Brink's: Global secure logistics, cash-in-transit, and vaulting giant with established precious metals storage services worldwide. Competes with TPMD through scale, brand, and institutional relationships; broader portfolio includes currency logistics and ATMs beyond the precious metals niche.
• Royal Canadian Mint: Government mint offering precious metals bullion products alongside vaulting and storage services. Comparable to TPMD's vaulting business for institutional and HNW clients, with sovereign-grade security and brand trust.
• Perth Mint: Australian government-backed mint with precious metals production, vaulting, and allocated storage programs. Comparable to TPMD's global storage positioning, particularly for international HNW and institutional customers seeking jurisdictional diversification.

Direct peers

• Idaho Depository Services: Specialty precious metals depository offering fully segregated storage and IRA integration. Direct competitor in the US private precious metals vaulting niche, with a similar value proposition around security and IRA compatibility.
• Delaware Depository: One of the largest US precious metals depositories, offering segregated storage, IRA support, and global vaulting options. Direct competitor to TPMD across both direct consumer and IRA custodian channels, and the most-cited benchmark for US private vaulting.
• A-Mark Precious Metals: Vertically integrated precious metals trading, refining, and storage platform serving dealers, IRA investors, and institutional clients. Comparable to TPMD on storage and IRA channels, with added trading and minting capabilities.
• CNT Depository: US precious metals depository providing segregated and non-segregated storage with self-directed IRA custodian partnerships. Closely comparable operating model and target customer (HNW individuals, IRA investors) to TPMD.

Emerging players

• Goldmoney: Digital precious metals platform offering allocated vaulting across multiple global jurisdictions. Comparable to TPMD on the storage-as-a-service concept, with a more technology-forward UX and competing for the same digital-native HNW and self-directed investor segment.

Market position

Strengths4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Texas Precious Metals Depository