Founded in 2011 and based in Dallas, Texas, JM Bullion is one of the largest players in the U.S. precious metals industry. It is an IRS-approved online precious metals dealer that sells gold, silver, platinum, and palladium coins and bars, available for both direct purchase and retirement accounts.
Find out everything you need to know about JM Bullion’s products, fees, pros and cons, and how they compare to other precious metals dealers.
Overview of JM bullion
JM Bullion is an online marketplace where you can buy and sell precious metals. The company offers thousands of products ranging from bullion coins and bars to collectible limited edition pieces.
You can order directly on the website and have your items shipped to your home or to secure storage through JM Bullion’s third-party storage partner, TDS Vaults. If you’re investing for retirement, JM Bullion works with third-party custodians, specifically New Directions IRA, to help you add eligible precious metals to your self-directed IRA.
JM Bullion also has a Sell to Us program that allows you to sell your metals even if you did not purchase them from the company in the first place.
JM bullion products and services
- Physical metal: The JM bullion catalog includes precious metals such as gold, silver, copper, platinum and palladium in a variety of forms.
- Precious Metals IRA: JM Bullion has partnered with New Direction Trust Company to offer a self-directed precious metals IRA that allows you to hold IRS-approved gold, silver, platinum, and palladium in a tax-advantaged retirement account.
- Automatic purchase: This is JM Bullion’s subscription program that allows you to set up orders for the products you need at a frequency that fits your budget, allowing you to dollar-cost average without having to time the market.
- Our sales program: JM Bullion offers a 24/7 do-it-yourself buying service that allows you to complete the process without contacting a professional. However, please note that the minimum sales price is $1,000.
- Storage: For metals you don’t want shipped to your home, JM Bullion offers secure storage through TDS storage.
Invest in gold with JM Bullion
How the JM bullion process works
Here’s what you can expect if you choose to become a JM Bullion customer.
- Shop online. Visit the JM Bullion website and choose from our wide selection of gold, silver, platinum and palladium coins, bars and rounds.
- Please order. Add your desired products to your shopping cart and complete checkout.
- Select your payment method. JM Bullion accepts several payment options including bank wire transfer, paper check, credit card, PayPal, and cryptocurrency. We currently offer a 4% discount to those who pay by bank transfer, ACH, or paper check. Additionally, those paying with Bitcoin, Ethereum, and Ripple will receive a 3% discount.
- Fix the price. Your purchase price will be fixed once your order is confirmed, even if the price of precious metals changes before your payment is processed.
- Receive metal items. After payment is completed, JM Bullion will ship your order directly to your address.
- Sell your metal when you’re ready. If you ultimately decide to liquidate your holdings, JM Bullion has a buyback program that allows you to sell eligible precious metals back to the company.
If you want to buy metals with a Gold IRA, first open and fund a self-directed IRA account with JM Bullion. Once your account is funded, you can select IRA-eligible products and lock in prices.
JM Bullion Fees and Pricing Considerations
Like most precious metals dealers, JM Bullion charges a higher price than the spot price, which is the current market price for gold and silver. However, JM Bullion is transparent about its pricing and has a live ticker on its website that shows spot prices for gold and silver in real time, so you can shop with more confidence.
The price of each product is based on the current spot price plus a premium that varies depending on metal type, product, purchase quantity, and market conditions. Although JM Bullion does not publish a standard premium schedule, you can compare a product’s listed price to the spot price to see exactly how much above the market price of the metal you are paying. Please note that for small orders under $199, you will have to pay a shipping fee of $9.95.
If you’re interested in a precious metals IRA, fees will vary depending on the custodian you choose. However, you can generally expect to pay setup fees, annual fees, and storage fees.
JM Bullion reputation and customer experience
JM Bullion has an A+ rating with the Better Business Bureau, with an average rating of 4.5 stars based on over 500 customer reviews. Many customers say they are satisfied with the smooth ordering process, fast shipping, and excellent packaging.
JM Bullion also provides good feedback on Trustpilot, with an average of 4.3 stars across over 2,000 reviews. Customers praised the quality of the product, stating that it was always as described. However, some people were dissatisfied with the company’s lowest price with free shipping and had issues with orders getting lost in transit.
Advantages and disadvantages of JM Bullion
Consider the following pros and cons before choosing JM Bullion.
Strong Points
- High rating from BBB
- No minimum investment required
- Transparent pricing model
- Offers IRS-approved physical gold and silver
Cons
- Customer support is available Monday through Friday only
- Must spend $199 or more to qualify for free shipping
- Banknote inventory is concentrated almost exclusively in US fiat currencies
JM Bullion and competitors
Here’s how JM Bullion compares to other gold dealers:
conclusion
JM Bullion is a reputable precious metals dealer who buys and sells precious metals in the form of bars, rounds, and collectible coins. We also work with your IRA administrator to give you the option of adding precious metals to your retirement portfolio.
However, investing in precious metals is not without risks. To buy gold safely, compare at least three companies and request written fee disclosure so you know what you’re getting into. You can also consult a qualified financial professional to determine which precious metals fit your risk tolerance and retirement schedule.
Frequently asked questions about JM Bullion
Is JM Bullion an authorized precious metals dealer?
Yes, JM Bullion is an authorized online precious metals dealer based in Dallas with an A+ BBB rating and BBB Accreditation.
Does JM Bullion offer a Gold IRA?
JM Bullion offers a range of Gold products that meet Gold IRA eligibility requirements. We also partner with approved custodians, such as New Direction IRA, to handle account setup and management.
Is it safe to buy gold through a dealer like JM Bullion?
While buying gold through a dealer like JM Bullion is generally safe, there are market risks with gold, so always do your own due diligence before investing.
How can I track my order at JM Bullion?
You can track your order by going to the “Check Order Status” page and entering your order number and email address.
