Show notes
Tarek Saab, CEO of Texas Precious Metals, joins Trevor Hall on Mining Stock Daily for a wide-ranging conversation about entrepreneurship, precious metals, hard assets and the accelerating migration of financial capital to Texas.
Tarek shares his unconventional path from growing up in an immigrant family in Massachusetts to becoming an electrical engineer at Texas Instruments, appearing on The Apprentice, losing nearly everything during the Global Financial Crisis, and ultimately building one of the largest precious metals businesses in the United States. He explains how those experiences shaped his views on money, risk and entrepreneurship—and why learning about the long-term depreciation of the dollar ultimately led him toward gold.
The conversation then turns to what differentiates Texas Precious Metals in a business where the underlying product is a commodity. Tarek explains why the company views trust, speed, inventory and customer experience as its real products, along with the logistical challenges of delivering and storing increasingly valuable physical gold and silver.
Tarek and Trevor also discuss Y’all Street, Texas Precious Metals' gold and silver ETFs, the development of precious-metals infrastructure inside the United States, and why Tarek believes Texas is positioned to capture a growing share of global financial activity. With financial firms, exchanges, technology companies and capital increasingly moving into the state, could the center of American finance eventually shift away from New York and toward Texas?
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