JM Bullion Review: Products, Pricing, Complaints & Ratings

JM Bullion, recognized for its A+ rating with the Better Business Bureau, offers a platform for investing in precious metals, including gold, silver, platinum, and palladium. The company also offers precious metal IRAs.

This overview will examine JM Bullion’s offerings, pricing, and the advantages and disadvantages to assist you in making informed decisions about investing in precious metals.

Company Info & Background

Founded in 2011 by Jonathan Wanchalk and Michael Wittmeyer, JM Bullion is a Texas-based online retailer specializing in precious metals. The company offers a wide range of products, including gold, silver, platinum, and palladium bars, coins, and rounds.

JM Bullion has received notable recognition, including being listed #96 on the Internet Retailer Top 500 Guide. It was also ranked as the fastest-growing precious metals company in the U.S. by Inc. 500.

The company operates online, with its headquarters in Dallas, Texas, and a warehouse in Las Vegas.

JM Bullion Product and Service Offerings

JM Bullion offers a comprehensive suite of products and services designed to cater to the diverse needs of precious metal investors. Their most popular offerings include:

Gold

• American Eagle and Buffalo coins
• Canadian Maple Leaf coin
• South African Krugerrand coin
• Austrian Philharmonic coin
• Chinese Panda coin
• Australian Lunar coin
• Mexican Libertad coin
• Pamp Swiss bars
• Perth Mint bars
• Valcambi bars

Silver

• American Eagle coin
• Great Britain Britannia coin
• South African Krugerrand coin
• Canadian Maple Leaf coin
• Australian Kangaroo coin
• Austrian Philharmonic coin
• One-gram to one-kilogram bars

Platinum

•  Austrian Philharmonic coin
• Canadian Maple Leaf coin
• British Tudor Beasts Seymour Unicorn coin
• British Queen’s Beast White Horse coin
• American Eagle coin
• Australian Lunar Mouse coin
• Pamp Swiss bars
• Argor Heraeus bars
• Valcambi bars

Palladium

• Canadian Maple Leaf coin
• American Eagle coin
• Argor Heraeus bars
• Valcambi bars

Precious Metals IRA

JM Bullion’s precious metals IRAs, particularly the highly sought-after gold IRA, provide investors with a secure way to diversify retirement savings with IRS-approved metals, offering a hedge against economic downturns and a streamlined process for wealth preservation

JM Bullion assists with setting up new IRAs and transferring funds from existing accounts, ensuring a streamlined process for investors to grow and preserve wealth for retirement with tax-advantaged contributions or withdrawals, depending on the IRA type.

Educational Resources

The company also offers additional educational resources to help beginner and seasoned investors make better precious metal investing decisions. JM Bullion has free online articles and industry reports that cover types of precious metal investments, taxes, real-time prices, and market trends.

Loan Options

JM Bullion offers a unique loan option that allows investors to take loans by using their gold and silver investments as collateral. By partnering with Collateral Finance Corporation, JM Bullion offers loans ranging from $25,000 to $5 million. Your specific loan amount may vary based on how much you have invested in gold and silver, which you can use as collateral.

The loan is repaid directly to JM Bullion in monthly installments. Failure to make payments could result in JM Bullion seizing your gold and silver assets.

JM Bullion Fees and Costs

Delving deeper into our JM Bullion review, we find that specific cost details for JM Bullion’s precious metal IRA accounts are not easily available. However, they do mention that your storage and administration costs will vary based on your invested amount. Here is a breakdown of some of JM Bullion’s costs for IRA accounts:

1. Account opening fee: $30 if completed online or $75 otherwise
2. Annual account administration fee: $130 for investments under $100,000 or $180 for investments over $100,000

If you choose to store your precious metals with JM Bullion, the company offers several secure storage options with TDS Vaults. TDS Vaults offers fully allocated storage, meaning the specific metals you purchase are the exact ones stored under your name. Your stored assets are also fully insured.

TDS Vaults offers worldwide storage locations, including Las Vegas, Toronto, Zurich, and Singapore.

For investors purchasing physical assets for home delivery, JM Bullion offers free shipping on orders exceeding $199. If the order value is less, a $7.99 flat shipping fee will be charged. All shipments include free insurance and tracking.

Pros and Cons of JM Bullion

As with any investment platform, investors should consider weighing the pros against the cons to make an informed decision that aligns with their financial goals and investment strategy.

How to Open an Account With JM Bullion

With the help of JM Bullion’s IRA specialists, investors can open an account with three easy steps:

1. Establish a Self-Directed IRA: To open a precious metals IRA with JM Bullion, you can start the process online or over the phone. A company representative can help you roll over an existing retirement account or open a new one.
2. Fund Your IRA: To fund your IRA with JM Bullion, you have two main options: roll over an existing retirement account, which must be done within 60 days, or directly transfer funds from a bank account.
3. Buy Precious Metals: With your account funded, you’re all set to purchase IRS-approved precious metals. A representative from JM Bullion can help advise you on which assets to include.

JM Bullion Review, Ratings, and Complaints

JM Bullion boasts an A+ rating from the Better Business Bureau (BBB) and a 4.4/5 rating on TrustPilot, showcasing its reputable status in the precious metals market. These ratings reflect a strong customer trust and satisfaction level, underscoring JM Bullion’s commitment to quality service and reliability.

FAQ

The following FAQ section addresses common inquiries and provides further clarity on what to expect, enhancing the comprehensive insights from our JM Bullion Review.

Is JM Bullion Legit?

JM Bullion has been in business for over 12 years and has sold over $7 billion worth of precious metals, establishing itself as a legitimate and reputable online retailer of precious metals. It is known for its wide selection of gold, silver, platinum, and palladium products. With accreditation from the Better Business Bureau and positive customer reviews, JM Bullion has established itself as a trusted source for investors and collectors.

Where Does JM Bullion Store Their Gold?

JM Bullion partners with Transcontinental Depository Services (TDS Vaults) to offer secure storage for their gold bars and coins, as well as other precious metals.

What Payment Does JM Bullion Accept?

JM Bullion accepts various payment methods to accommodate different customer preferences. These include:

1. Credit/Debit Card & Google/Apple Pay: Accepted for orders up to $100,000.
2. PayPal: Accepted for orders up to $250,000.
3. Paper Check & eCheck (ACH): Accepted for orders up to $100,000. Eligible for a 4% discount.
4. Bank Wire: Accepted for orders between $500 and $1,000,000. Eligible for a 4% discount.
5. Bitcoin: Accepted for orders up to $1,000,000. Eligible for a 3% discount.

How Can I Withdraw from My Account?

JM Bullion offers their customers a buyback option when they want to liquidate their precious metals. Here’s how you can withdraw from your account and sell your assets:

1. Start by clicking on the “Sell to Us Online” option on their website to select the items you’re interested in selling. If your items aren’t listed on their site, you can contact them via email or phone for further assistance. Once you’ve selected your products, complete the checkout process to secure your quoted price.
2. Shipping Your Items: After confirming your sale, you’ll receive an email containing detailed instructions on how to mail your products to the company. It’s important to follow these guidelines carefully to ensure your items arrive safely.
3. Finalizing the Sale and Receiving Payment: Upon receiving your package, JM Bullion’s team will examine each product to confirm its condition and finalize the sale. Once everything is approved, they will proceed to issue your payment.

How Does JM Bullion Work?

JM Bullion is an online dealer selling precious metals, including gold, silver, platinum, and palladium. Here’s how the company works for investors looking to purchase precious metals:

1. Browse the Selection: Customers start by visiting JM Bullion’s website to explore a wide variety of precious metals products. The inventory includes coins, bars, rounds, and bullion from various mints around the world.
2. Select Products: Once you find your desired products, you can add them to your shopping cart. Detailed product information and prices are provided to help you make informed decisions.
3. Checkout Process: After selecting your products, proceed to checkout. At this stage, you’ll provide shipping and billing information. JM Bullion offers a range of payment options, including credit cards, PayPal, bank wires, and even cryptocurrencies like Bitcoin.
4. Payment and Confirmation: Once you finalize your payment, you’ll receive an order confirmation detailing your purchase. JM Bullion processes orders promptly, ensuring secure packaging and discreet shipping to protect your investment.
5. Delivery: JM Bullion ships your precious metals directly to your chosen address, with options for insured and trackable shipping methods to ensure the safe arrival of your items.

Contact Information