Goldstar Trust Company Expands Partnership with Texas Precious Metals
CANYON, Texas, June 8, 2021 / PRNewswire / – GoldStar Trust Company, One of America’s Largest Self-Directed Precious Metals IRA Custodians, Announces the Addition of Texas Precious Metals Depository (“TPMD”) as a Secure Storage Location for clients. In conjunction with GoldStar custodial services, TPMD will complement the retail services provided by Texas Precious Metals to provide turnkey solutions to Precious Metals IRA investors.
In accordance with the Internal Revenue Code, retired investors can incorporate physical bullion and coins that meet specific criteria into their portfolios while retaining the tax benefits applicable to their accounts. All precious metals held in these accounts must be stored in a custodian or other qualified third party storage facility.
“We are delighted to serve the growing needs of GoldStar Trust’s precious metals investors by providing them with a secure storage option right here in Texas,” mentionned Jeff Kelley, Chairman of GoldStar Trust Company. “Tarek and his team have been great partners for many years, and Texas Precious Metals was the obvious choice.”
“Having worked with GoldStar Trust for over a decade, we believe they are the first IRA custodian in United States. We are delighted to have the opportunity to expand our partnership and provide a Texasstorage option for GoldStar customers, ”said Tarek Saab, president of Texas Precious Metals and TPMD.
Texas Precious Metals Depository is a private underground bullion depository. The facility is buried in concrete with multiple layers of protection, bulletproof doors, biometric access, armed security, and 24/7/365 indoor and outdoor surveillance. TPMD is fully insured by Lloyd’s of London and monitored by county and city law enforcement.
About the GoldStar Trust Company
GoldStar Trust began serving clients in 1989 and is the leader in providing specialist services as a Self-Directed IRA Custodian, Trustee and Escrow / Payor Agent. With over $ 2.5 billion In assets, GoldStar Trust is the custodian of more than 37,000 self-directed IRAs and offers unique retirement solutions that allow investors across the country to diversify their IRA portfolios with alternative investments to traditional stocks, bonds and mutual funds. GoldStar Trust is the fiduciary subsidiary of Happy State Bank.
About the Texas Precious Metals Deposit
TPMD has been used as the primary storage and logistics center for Texas Precious Metals since 2012, processing nearly $ 1 billion in precious metals transactions during this period while serving private, commercial and institutional clients. Texas Precious Metals and TPMD are subsidiaries of Kaspar Companies, a fifth generation company Texas company founded in 1898.
SOURCE GoldStar Trust Company