JM Bullion is a family-owned, American company that was founded in 1977. JM Bullion stocks a wide variety of precious metals and provides the best prices on gold, silver, platinum, and palladium bullion coins from around the world. JM Bullion has been at this for over 35 years, and they have grown to be one of America’s leading providers of precious metal bullions.
JM Bullion Review – Everything You Need to Know
What is JM Bullion?
JM Bullion is a company that sells gold, silver, and other metals. They are best known for their gold coins and bars, which are worth a lot of money. Investors value them because they are so expensive.
JM Bullion was founded in 2011. It is now in Lancaster, PA. But it moved to Dallas, TX, two years ago because it had $1M of sales a day. JM Bullion then became the fastest-growing precious metals company on Inc’s list for America.
JM Bullion is a company that makes $661.3M every year, but it only has 30 employees. It operates only in the US through its website and call center. Though it may seem like they sell many different types of investments, JM Bullion has had a lot of success selling their precious metal products.
Who are its owners?
Michael started the company JM Bullion in Lancaster, Pennsylvania, on September 30, 2011. It happened at a time when the precious metals industry was going up. Michael has led JM through some tough times. It has grown and moved to Dallas, Texas. It has had more than one million orders fulfilled. It has earned a #40 ranking on the Inc. 500 list of companies in America, and it’s the first on the Dallas 100 list of best companies in Dallas, Texas.
What Does JM Bullion Offer?
JM Bullion sells many different types of gold, silver, copper, platinum, and palladium.
We have tens of millions of items in the inventory. And they can do this for big clients because they don’t have any extra stuff to take up space and make the company more expensive. This lets us charge less than other stores. They have a lot of things to sell, and they don’t need as much money for those things.
You can invest in gold and silver through a self-directed IRA if you want to save money. These IRAs let you save in many things like gold and silver. In this arrangement, New Direction is the custodian of the account. They will buy and manage metals for you. JM Bullion is a metals dealer who sells you metal to invest in.
JM Bullion – IRA Fees
Investments in gold, silver and more precious metals can be expensive. You will need to get a good understanding of the costs or fees before you start investing in this type of investment. If you want to invest in a precious metals IRA, you need to find an approved bank to hold your account. An IRA is a particular account that can be tax-deferred. The following are some of the costs:
- Account application fees — You can make an IRA with gold or silver. You might have to pay a fee to start the process, though. Costs vary from one company to the next, but on average, you will pay around $50.
- Transaction fees — Some companies that can hold your money can charge you for things. You may have to pay them every time you buy or sell something. The cost of this is $40 per transaction, but it could be more or less than $40.
- Annual account fees — A precious metals custodian is in business to make money. They do it by taking care of your accounts and ensuring that everything is recorded with the correct information. There are many kinds of fees. For example, you may have to pay $75 per year or more. IRA custodians will show you how much they cost in their information packets or account paperwork. Sometimes they offer discounts based on the size of your account, too.
- Wiring fees —An IRA custodian might charge a fee if you wire money out of your account. This is because they don’t want to pay the fee to the bank. The wire fees are usually $25 each time that you wire money out.
- Storage fees — Gold, silver, and other precious metals that are put in an IRA account must be kept safe. These depositories charge fees to hold and protect them. The fees may change depending on which depository is used. The typical fee ranges from .5% to 1% per year based on the value of the precious metal they have there.
- The cost of the precious metals — An investor also has to buy the precious metals from a dealer. The cost of gold and silver is more than the price of metal. The price for people who invest in these metals is also higher because the type of metal, demand, and dealer premiums change.
One thing you might want to think about when it comes to the cost is how they compare with other products. For example, think about investing in both paper and precious metals.
There are many costs associated with maintaining a gold IRA. These include things like managing the account and buying shares. There is also a fee for these services, such as GLD’s management fee. According to Morningstar, the annual fund management fee of GLD is .40%. This means that one pays the fund management nearly half a percent on their assets every year. When you compare paper gold (GLD) to physical gold, this is something worth considering. Many people do not know that owning gold can come with fees and charges. They don’t seem to realize this.
When you buy something with GLD, it is hard to take the thing that is inside. It might be impossible to take physical possession of any of the gold owned by the fund. That means you are paying management fees for something you cannot have. The bottom line is that while there are costs to buy and invest in precious metals, there are costs with other types of investments like investing in stocks. Weigh the costs. Try to make the best decision for yourself, given your financial situation and objectives.
A precious metals IRA account is a good way to put money in the bank. If you put your money in this account, it can save you money. As with any purchase or investment, you need to do your research before starting a precious metals IRA. People can research different gold and silver bullion dealers. They also need to look at IRA custodians. There are many different ones. It’s very important that people compare all the fees before they choose an account.
The JM Bullion Pros and Cons
JM Bullion is a good place to shop for gold or silver. It has some good things and some not-so-good things. Let’s go over them now.
- Unique DIY buy-back tool on the website
- Good reputation
- Excellent customer feedback about service overall
- Up to date current prices
- No commissions or service charges
- Military discounts available
- Customer service is not gladly available on weekends
- Only ship inside the USA
- No storage options (recent partnership launched, but the information is unclear)
- Not a listed US Mint dealer
- Limited purchase options (lots of items not in stock)
JM Bullion Ratings (Updated 2021)
JM Bullion has received mostly positive feedback, but there are some negatives. The company received an A+ from the Better Business Bureau and has a 4.7-star rating based on 1,044 customer reviews. It also does well on Facebook with a 4.5-star rating based on 1,185 people’s opinions.
The outlier in JM Bullion’s glowing online reputation is its Trustpilot profile. The company receives a score of 3.4 out of 5, but this score is based on feedback from just 342 customers, which is a drop in the bucket compared to the number of customers who weighed in on Facebook and the BBB.
JM Bullion’s customers say that the company’s orders are promptly executed and well-packaged. But the company is not very receptive to questions from their customers.
JM Bullion Reviews and Complaints
How is JM Bullion’s Customer Support?
A company’s customer service can tell a lot about how the company is run. No company has perfect service, but it says something about how they are run if their customer service is good.
Some people who use JM Bullion think it has problems with professionalism and accountability. Some customers don’t like how they can contact them through email and phone. They need to contact them and talk and meet the customer face-to-face.
Nevertheless, the company sometimes tries to fix complaints shown on the BBB website. But there are multiple people who say that JM Bullion representatives only give them “the runaround” when they complain about their orders. This probably isn’t exactly what you would call “good” customer service…
Augusta Precious Metals
Augusta Precious Metals is a family-possess company that has been selling gold and silver for nearly 50 years. They provide a service of helping you build wealth and have a secure retirement. Augusta Precious Metals helps investors open an IRA that is not in a retirement account. Investors can then buy gold or silver there.
The United States Securities and Exchange Commission advises that you diversify your investments. This will help to manage the risk of losing money. Augusta Precious Metals representatives work with people who have opened a retirement account. This account is made of gold and other precious metals. It has the same tax-deferred status as other self-directed IRAs.
American Hartford Gold
Group is a family-owned company that sells gold. You can acquire gold as bars or coins. Gold and silver IRAs are an alternative to regular IRAs. They allow you to invest in precious metals. These IRAs also help diversify your retirement savings.
American Hartford Gold offers gold and other types of precious metals. The metal comes in either coin or bar form. A gold IRA is a type of account that you can use to invest in precious metals without paying any taxes.
Goldco helps people with their old age. They can make sure they have money so they won’t be poor again. Goldco is a company that makes this happen. They are rated A+ by the Better Business Bureau and have Triple-A ratings from Business Consumer Alliance because customers like how they do things, like their dependability and ethical business practices. To learn how to preserve your wealth and reach your retirement goals, call to find out how you can use precious metals like gold or silver.
Goldco is a company that helps you set up and maintain an IRA account, but they only offer gold and silver IRAs. You can invest in other precious metals within these accounts if you want to.
Birch Gold Group helps you save money. They have been around since 2003 and are headquartered in Burbank, California. They specialize in helping people with their savings accounts, retirement accounts, and precious metals. The company has helped people move their IRA, 401(k), and other tax-advantaged retirement accounts out of stocks, bonds, and mutual funds throughout the years. Birch Gold is a company that helps people save money. They do this by adding it to precious metals, like gold. If you want to learn more about how they can help you, visit their site or call them.
Birch Gold Group is a company that helps people with gold IRAs. It gives you the chance to start one or move your current one.
Regal Assets is the best gold IRA company because they have great reviews, no complaints, and competitive prices. They sell precious metals like gold and silver coins. At the time of this review, Regal Assets is not charging any fees for rollovers or money transfers. They also offer the quickest shipping at under seven days. There are no storage or administrative fees for the first year.
Regal Assets is the best company of all 60+ Gold IRA companies and bullion dealers. They have an A+ rating because they had four resolved complaints about a 3-year period. Trust link has given Regal Assets a 5-star rating. They have 600+ good reviews from their clients on the website. Twelve of these reviews are five stars on Yellow Pages. The Business Consumer Alliance (BCA) has not had any complaints about Regal Assets in the last three years.
Regal Assets is a company that helps you buy gold and silver (IRA-approved). They have great reviews. The company has many complaints. It is because they have a lot of customers. At the time of writing this review, Regal Assets is charging $0 for rollover/transfer fees. They offer guaranteed shipping in under seven days. Their rates are the lowest in the industry for storage and admin fees. First, they charge $190 per year for administration and storage if there are only metals in the account or $230 if there are metals and other things.
For those who are interested in buying precious metals, JM Bullion is a great place to start. The company offers an expansive selection of products and services that can be used by investors or collectors alike. Whether you’re looking for gold coins, silver bars, platinum rounds, or palladium bullions – they’ve got it all!