If you want to invest in precious metal products, you have many choices. One of them is JM Bullion. This well-known company provides the best and highest quality gold and silver, which can be delivered right to your home.
Even people who don’t have a lot of experience in precious metals investing have heard of JM Bullion, but is it the right company for you to invest with? I want to make sure you know everything there is to know about this company, and then you can decide if this is the right company for you.
Headquartered in Dallas, TX, JM Bullion is certainly a company people should consider if they are looking to purchase bullion or if they are comparing gold IRA companies. One of the things I like about JM Bullion is that the company is well-known for its ethics, transparency, and customer service. This has led to the company gaining a loyal customer base, and it’s one of the most popular companies out there.
What Makes JM Bullion Stand Out?
I have looked at many companies over the years, and JM Bullion is one that definitely stands out from the crowd. I have taken a look at many of these factors, and I want to explain why I like this company. The quality products are only the tip of the iceberg.
JM Bullion Gold, Silver, and Precious Metals
JM Bullion decided many years ago to offer a wide range of precious metals to meet customer demands. This large variety includes something for most investors, including both first-time investors and experienced coin collectors.
Do you want silver bullion? They have it. Considering gold coins? Check. Platinum or Palladium? Yes. Other precious metals? You know it.
Here are some of the products you should know about:
- Gold: JM Bullion has many options for those who are looking for gold. I found gold coins, gold bars, and rounds on the website, and some of the most popular are American Gold Eagle, South African Gold Krugerrand, and Canadian Gold Maple Leaf.
- Silver: JM Bullion also offers silver coins, silver bars, and rounds including the popular Austrian Silver Philharmonic, Canadian Silver Maple Leaf, and American Silver Eagle.
- Platinum: For those who want to further diversify, platinum is also available, including the British Platinum Britannia and the American Platinum Eagle.
- Palladium: The company also offers palladium bars, coins, and rounds.
- Copper: Looking for something different? JM Bullion offers copper, too, including copper bars, rounds, and bullets…and copper pennies.
- Accessories: If you need accessories, JM Bullion has those, too. In fact, they have a vast array of accessories including coin capsules, display cases, storage tubes, and protective gloves.
You can buy all of these metals from the website, and you can pay with ACH payments, Check, PayPal, or even with Cryptocurrency. Quick shipping is available, they just need a shipping address and other shipping information. You might be able to buy metals from a local dealer faster, but with this, you never have to leave the comfort of your home.
JM Bullion Precious Metals IRAs
For those of you who want to invest in precious metals IRAs, JM Bullion offers this, too. Known for its reliable service, the company always meets the quality standards for IRA precious metals. It also has a team of IRA specialists who help you throughout the entire process. Even if you don’t know how to open an IRA, the company helps you make the best investment decision based on your current situation. You can use gold, silver, platinum, or palladium to fund the IRA, but they must be IRS-approved metals.
On-Sale Gold, Silver, and Other Metals
One of the things I really like about JM Bullion is that they always have products that are available at a reduced price. When I checked while writing this review, there were 15 different coins/bars available at up to 74% off the premium price.
New Arrivals from JM Bullion
Shockingly, there are still more products available from JM Bullion. There is also a new arrival section on the site that lists all of the new coins, rounds, and bars. Some of the new and ‘coming soon’ products are also already listed below the typical purchase price.
JM Bullion’s Auto Buy Feature
Another thing that makes JM Bullion stand out is that it has an Auto Buy feature, which allows you to invest based on a schedule and at a certain amount. It comes right out of your bank account weekly, biweekly, or monthly, and you can track it right in your personal account.
JM Bullion’s Simplified Selling Option
There is still more! Do you see why I said JM Bullion is one of the most popular companies for those looking to invest in precious metal products? The company also offers a simplified selling feature. This is a tool that allows you to sell your precious metals back to the company with a simple DIY tool.
It’s available 24/7, and you don’t have to talk to a customer service agent if you don’t want to. However, to further enhance the customer experience, JM Bullion does offer on-call assistance for those who want to speak to a person and have phone support during the sale.
Gold and Silver Loans from JM Bullion
Another service from JM Bullion you might be interested in is the gold and silver loans it offers. Basically, the company allows investors to get cash while using their gold or silver as collateral. They work with Collateral Finance Corp to offer this service, and it is a very quick process. It takes around 15 minutes, there is no credit check, and once you apply, you get a response within a business day.
Precious Metals Price Analysis Charts
You also get access to precious metals price analysis charts from JM Bullion. On the website, there is a section where you can view and examine price charts for gold, silver, platinum, and palladium.
In addition to these charts, there is a feature called the “Fear and Greed Index.” Basically, this is a chart that shows why people are purchasing gold; are they buying because they are scared or are they buying because they know it will go up and they want to make money?
This is an awesome tool for investors, especially beginners, who are just learning about the precious metals industry.
Investing Through the JM Bullion Official Website
I have been in this industry for a while, and I have to say that JM Bullion offers one of the easiest ways to both buy precious metals and setup a gold IRA.
The process of setting up a self-directed IRA can be done in three easy steps:
Step #1 – Open a Self-Directed IRA Account
The first step is to open a self-directed account. JM Bullion has IRA Specialists who help to manage the process. They explain everything, from the payment options and allowable metals to explaining storage, fees, and other information.
Step #2 – Fund the Self-Directed IRA Account
After you open the account, you need to fund it. There are many ways to do this. You can do a bank wire transfer from your financial institution, for instance, or you can rollover the funds from an existing IRA or 401(k). Again, the specialists will help every step of the way.
Step #3 – Purchase Metals
Finally, you can purchase your metals. As I mentioned above, JM Bullion has so many options available, but keep in mind, that not every precious metal option is eligible for an IRA. The company’s experts will help you choose the best products for your budget and investment style.
JM Bullion Fees for IRAs
After my full analysis of JM Bullion, I can tell you that the costs are comparable to competitors. There are no commissions or fees, but there is a small up charge to the metals as you buy them. This is how the company makes money. There are some small shipping fees of less than $10 for purchases, unless you spend $199 or more. Then shipping is free.
Is JM Bullion Legit? The Rating on Consumer Sites
Here is a chart that shows how JM Bullion rates on some of the leading consumer sites out there, including the Better Business Bureau (BBB site):
Though most of the reviews are very positive for JM Bullion, some reviewers have had issues. Many of the issues were about shipping, with one calling the shipment process a “horrible experience.” Another reviewer said that the shipping label JM Bullion created was for PayPal’s billing address instead of their own. Yet another person said the company sent products to their old address, slowing delivery. Some of the reviews I saw blamed the postal service.
All of this being said, JM Bullion did reply to many of these reviews saying that they “sincerely apologize,” and some reviewers say the company offered a refund and ACH reversal for their transaction. Making sure your address is correct, especially when paying via PayPal is of utmost importance here.
Pros & Cons of JM Bullion
JM Bullion Pros
- There are no commissions or fees
- There are many products available, some of which aren’t offered by many other companies
- Discounts are available for Military personnel
- Live market prices are available on the website
- The company offers one-of-a-kind collateral loans
- There is an automatic buy-back tool that allows customers to sell 24/7
- Accepts cryptocurrency
JM Bullion Cons
- The company does not ship overseas
- If you need help, the customer service team is only available from 8am to 6pm CST, Monday through Friday
To me, this is a better option than a couple competitors I’ve looked into offering similar services. Most recently I’ve written about OneGold and Blanchard Gold. I find JM to be a superior option.
My Opinion on JM Bullion
JM Bullion is a very reliable company. It has an impressive list of products and services, many of which you won’t find elsewhere. There are almost endless investment options, you can get loans, there are do-it-yourself services, transparent pricing, Auto Buy options, and of course, a quick precious metals IRA process.
Overall, reviews are great, but there were a few red flags, specifically with shipping issues. Though this company is definitely not a scam, I would suggest that you check everything before you click the “place order” button, and when you shop online here, if you aren’t sure about everything, reach out to the customer service team.
About Tim Schmidt Sr.
Tim Schmidt is an Entrepreneur and Serial Investor. Since 2012 he’s been an advocate of alternative investments using a Self Directed IRA. His work has been featured in Yahoo! Finance, USA Today, Business Insider, and Tech Times, among others.
