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You have probably clicked this JM Bullion Review link because you want to learn more about this precious metal company. We assure you that you will get all the answers to your questions.
The details we will give you in this review document will provide you with the crucial information you will need to decide whether it is wise to do business with JM Bullion or not.
Bear Lake Gold is an independent review organization aiming to give our readers unbiased opinions about various precious metal dealers operating in the market. The sole reason for crafting our reviews with our readers' interest at the center is to ensure that we achieve our chief aim, which is "to provide our readers with unbiased opinions about the precious metals companies that we are reviewing."
We achieve our principal aim of providing unbiased opinions by using our professional gold dealer review methodology to judge the details of the companies we review. Our gold dealer review methodology guides us to review companies fairly, relatively, and independently.
As part of our review process, we contact various people in the organizations we review, like the people at the helm of affairs, the staff team, and the customers who have bought or sold to the company. We ask these people interrogative questions about these companies, and their answers inform our opinions about how ethical, suitable, and moral the companies are for doing business with.
Hence, the details we will give you in this JM Bullion review article will cover various aspects of the company, like the people that make up its leadership team, its services and products, pros and cons, and how customers have rated them on third-party rating sites.
With the details we will provide in this article, we will answer the three fundamental questions below.
Summary for Those Who Want a Quick-Abridged Answer
When we interrogated various people in JM Bullion about the company, the responses we got drove us to make the following conclusions about the company.
If you want to know why we made these conclusions about JM Bullion, please read till the end of this review.
Nevertheless, there is still one question that we have not answered, “Which companies would we recommend as the best gold IRA investment companies to do business with if we do not recommend JM Bullion?”
Our main aim is to give you the information you need to make an informed decision and to provide recommendations based on our extensive research; we have therefore carefully handpicked the gold IRA companies we deem the best in the industry. We have rated these companies as the top three in the market because of their amazing qualities over others. These gold IRA companies are Augusta Precious Metals, Goldco, and American Hartford Gold.
We can find out more from each of these three companies in the guides obtainable by clicking the buttons below. These guides are straightforward, easy to understand, and free. All you need to do is register your details and the super valuable guides will be yours to keep. We promise that the documents will be worth your reading time.
#1 Recommendation Best Overall Precious Metal Provider
#2 Recommendation Best Gold IRA Based On Price
#3 Recommendation Best Gold IRA Based On Price
JM Bullion is a precious metals company that Mike Whittmeyer founded in 2011. The company is located at 11700 Preston Road, Suite 660153, Dallas, Texas 75230, United States. JM Bullion operates online even though it has a physical store. It allows customers to purchase and sell precious metals.
JM Bullion has a variety of products for customers to choose from. It sells gold, silver, platinum, and palladium coins and bars. It also sells copper rounds and bullets. Primarily, they are famous in the United States for gold coins and bars. According to one of the management team members, JM Bullion is among the fastest-growing precious metals firms in the United States of America.
The company generates between $600 million to $1 billion yearly. JM Bullion is a US-based precious metals company.
When you order precious metals from JM Bullion, It will ship your products within 24 hours after it confirms your payments. However, when we spoke to one of the company’s staff about shipping from the company and how some customers complained that their products take more than 24 hours to get to them, he told us that JM Bullion ships in 24 hours, but the shipment may take longer based on the carrier.
The CEO (Chief Executive Officer) of JM Bullion is Michael Wittmeyer. Wittmeyer was an affiliate marketer and web developer during his adolescence. Just after his teenage years, in 2011, Michael Wittmeyer co-founded JM Bullion in Lancaster, Pennsylvania. Michael Wittmeyer started in a basement.
After so many years, with Michael Wittmeyer as the CEO, JM Bullion grew exponentially. After five years (2016), the company became number 40 on the INC 500 list. Through Michael Wittmeyer's expertise, he has built the company to become one of the world's biggest online gold and silver dealerships.
JM Bullion has over 2,000 precious metals products in its inventory. The company sells famous IRA-eligible gold, silver, palladium, and platinum coins and bars. Its products are premium quality products. In addition, the company sells copper rounds, bullets, and bars. Interested customers can also purchase 1-ounce gold bullion bracelets from JM bullion.
JM Bullion partners with New Direction IRA to provide self-directed IRA custodianship services to interested investors. The company partners with Transcontinental Depository Services Vaults (TDS) for its secure storage services.
JM Bullion is transparent about its product pricing. It does not charge its customers commission or additional service fees for purchase. You will find the live spot prices of the bullion in its inventory on its website.
If you choose to receive your precious metals after you have placed the orders from JM Bullion, you will be charged at most $7.99 for shipping. However, if your orders are above $199, JM Bullion will ship your metals for free.
When we asked a customer care agent about the minimum order quantity, he told us that “anyone could buy precious metals from JM Bullion for as low as $100 using credit and debit cards, paper checks, PayPal, and Bitcoin. For bank wire transactions, the minimum purchase order is $2,500.”
The agent also mentioned to us that “there are maximum purchase limits. For Bitcoin, the maximum order limit is $250,000. The maximum limit for purchasing through Bank Wire is $150,000. PayPal and paper check maximum limits are $10,000 and $50,000, respectively. The maximum limit for credit card transactions is $5,000.”
However, according to him, customers buying products above $150,000 must complete the process over a phone call instead of ordering online. The only people exempted from this rule are customers buying products using Bitcoin. When you contact JM Bullion on the phone for orders above $150,000 and finalize your purchase, JM Bullion will lock in the prices and arrange for your payments.
JM Bullion ships customers' orders by UPS or the United States Postal Service. According to the customer care agent that we spoke with, every purchase has basic insurance and shipping. However, customers can purchase upgrades for additional shipping and insurance benefits. . Customers who want to upgrade need to contact JM Bullion's customer service department.
JM Bullion wraps the precious metals its ships out in protective materials. Then it puts the wrapped products in shipping containers to prevent them from moving when the shipment is in transit. When we spoke to one of the customer care representatives about JM Bullion's packaging, she said, "JM Bullion believes that customers' products are very valuable, so it uses a discrete external cover to wrap them during shipping. The aim is to prevent other people from knowing what is in the package."
She also said, "Once JM Bullion delivers the package to its customers, the insurance on that package from JM Bullion ends. Hence customers ought to keep in touch with the shipment firms to know when their packages will arrive at their destinations.
Customers can purchase and sell precious metals from and to JM Bullion. It also sells copper to interested customers.
Listed below are some of the precious metal and copper products you can find in JM Bullion's Inventory.
Apart from precious metal coins and bars, you can purchase popular culture jewelry and coins from JM Bullion, for example, Disney and Star Trek. It is also important to know that JM Bullion is not a jeweler. However, you will find gold jewelry in the company's product inventory.
JM Bullion supports various payment mediums, which is an added advantage. It means that any investor can pay using a more convenient medium. The various payment methods that you will find on JM Bullion's website are;
The agent we spoke with on the company's payment methods told us that orders made through bank wire, prepaid cards, and convenience checks must be above $1,000 before JM Bullion processes them.
Customers who want to sell their precious metals can sell to JM Bullion. If you have metals that you want to sell to JM Bullion, you will have to contact its office via its toll-free number.
After informing the customer care representative about your intentions, the agent will give you a quote for your products. According to the agent we spoke to about the company's buyback service, JM Bullion offers one of the best buyback prices in the precious metals market.
He told us that JM Bullion locks in its buyback prices with the customer over the phone. JM Bullion will not buy from customers whose products are not above $1000. He also told us to check the company's website for some of its buyback prices.
Immediately after JM Bullion locks in the prices and you finalize the sale, it will send you its mailing instructions and insured shipping labels via email.
When you ship the products to JM Bullion and it finishes its checks and confirmations, you will get your payment between one to three working days. JM Bullion pays through ACH transfer, wire transfer, and checks. You will have to specify the payment method that is more convenient for you.
The agent we spoke to also issued a warning to us. He said, "JM Bullion will not accept or spare customers who tried to sell fake products to it. We will destroy the products and report such customers to the local authorities. Hence, customers must verify that their products are authentic and from verified dealers."
"JM Bullion is a verified dealer, and it ensures that all its products for sale are legitimate and original." He added.
JM Bullion partners with TDS for its secure storage solutions. We also contacted JM Bullion about how customers can open TDS accounts. Another agent we spoke to told us that customers who do not want their products shipped to them could open a storage account with TDS by filling out a form on JM Bullion's website.
TDS has storage vaults in the following locations.
Hence, it is up to customers to choose the storage vaults where they want to store their precious metals. When you select your preferred vault location and purchase precious metals from JM Bullion, it will send the products to your chosen vault.
You can reach JM Bullion via email and the contact number on its website. When we asked some customers who have tried reaching the firm for inquiries about various services and issue resolutions, they told us that JM Bullion is neither accountable nor professional. Among the customers we spoke to, some said that they stopped dealing with JM Bullion because of this problem.
However, when we asked one of JM Bullion's representatives about how they resolve issues and how long it takes, he told us it depends on the complexity of the issue customers bring to them. Still, JM Bullion tries to ensure that it resolves every issue that customers bring to its table.
According to him, customers can reach JM Bullion from Monday to Friday between 8 am and 6 pm, and the company's toll-free number is 800-276-6508.
BBB is showing 233 closed complaints in the last three years
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4.5 out of 5 stars
This rating was based on 1,243 rviews recieved on the Facebook review platform
4.5 out of 5 stars
This rating was based on 1,068 review received on the Trustpilot platform
JM Bullion Promotions
Currently, JM Bullion is not offering any promotions to its new clients.
We suggest investing in a gold IRA or buying precious metals through Goldco for amazing promotional offers. Goldco gives $10,000 worth of free silver to new customers who qualify for a rollover. Such an amount is a good start for someone investing in precious metals. A similar offer is also available from Hartford American Gold, so the banner is on the top right of this page.
JM Bullion Conclusion
After thoroughly interrogating this company's customers and staff members, we found out that JM Bullion is not a scam company operator. It is a legitimate gold and silver firm that has been doing business for a long time in the precious metal market.
However, we do not rate them as one of our top three companies in this sector, although they did creep into our top ten.
In our opinion there are better companies to invest in precious metals through especially if you are looking to open or rollover money into a gold or silver IRA.
Rather, we would suggest one of our top three recommended gold IRA companies for your gold IRA investments. When we contacted the customers who have done business with these companies (Augusta Precious Metals, Goldco, and American Hartford Gold), they told us that the companies' customer teams are swift to respond to and resolve issues, and they are very professional. Aside from this feature, they have other amazing features that we have put together in their review documents.
Please click the links in the 'Top Three JM Bullion Alternatives' section below to see these amazing features.
Our #1 Precious Metals & Gold IRA Company - Best Overall
Augusta Precious Metals is our best rated overall precious metals company
Our #2 Recommendation - Best For Promotions
Goldco is our second top rated gold and precious metal company. Having been top rated all of last year they were very close top Augusta Precious metals
Our #3 Gold & Silver Company -Great Prices and Great Customer Service
American Hartford Gold is our third top rated company.