Are you looking for a stable investment options to keep your money safe for retirement? If yes, then gold IRAs might be just what you need. It is much less volatile than other traditional retirement accounts and offers great returns in the long run.
However, finding a suitable gold IRA Company is vital; since it can help you make the right investment decisions. We will look at JM Bullion's services, pricing, and other aspects to help you learn more about the company.
JM Bullion’s History
JM Bullion has been in business for more than a decade. The company has its headquarters in Dallas, Texas, but it started its operations in Pennsylvania. You can find various precious items from the company, such as gold, silver, copper, palladium, and platinum.
JM Bullion has experienced rapid growth as the company went on from two employees to around 100 in a few years. The company has exceptional revenue of more than 600 million USD yearly. Due to its rapid growth, many considered JM Bullion as the best performing company in the US by 2019.
Customers have praised the company's services, especially in how they are setting up the gold IRA. JM Bullion has thousands of positive reviews on various platforms. However, customers have pointed out a few issues that with its shipments and delivery.
Nevertheless, the company's customer services have been quick enough to address such issues and resolve these claims. The company has even resolved issues for clients where it wasn't at fault, thus, giving JM Bullion a reputable name in the industry.
While the company doesn’t sell any gold IRAs, it does partner with New Direction IRA. Customers can buy their valuable commodities from JM Bullion and set up an IRA with its partner company.
JM Bullion Pros and Cons
Since JM Bullion is an online retailer, you can purchase gold bars, bullions, and coins from the company, but it can't store them for a gold IRA. The company has partnered with a facility to allow its customers to store their precious metals for an IRA or personal use.
Also, investors should remember that JM Bullion does not allow transactions without physical delivery. Let's go over the pros and cons of doing business with JM Bullion.
Pros
The best thing about the company is its high rating on various platforms. It has a high rating on BBB (Better Business Bureau) website with an A+ rating. The website also shows a rating of 4.64/5 with more than 1,000 reviews.
Additionally, the company also offers free shipping and delivery on certain orders. So, if you place an order of $199 or above, the company will give you free shipping.
Also, JM Bullion has linked with a facility that offers storage services for its customers. The customers can keep their gold and other precious metals in a secure place. Therefore, you can also get services for a reliable and trustworthy storage partner through JM Bullion.
Cons
While the company partners with a reliable storage facility, JM Bullion does not offer any gold storage services. On the other hand, many top gold IRA companies offer storage facilities, which puts JM Bullion at a disadvantage.
The other drawback of JM Bullion is the delay between purchases and shipment. It may take a while for customers to receive the shipment after they purchase gold, bullion bars, or coins.
JM Bullion Gold IRAs
JM Bullion doesn't provide any type of services for IRAs. However, the company partners with reliable custodians, and you can discuss setting up a gold IRA account with them.
Another thing to remember is that company does buy back the gold and other valuable metals it sold. You can easily contact them to get the best prices for buybacks.
Check here to learn more about the gold IRAs and the companies that can help you set up one.
JM Bullion Products
You Can Buy Gold and Other Precious Metals
From JM Bullion, you can find various precious metals, such as gold, silver, platinum, etc. The company offers various standard American coins, such as the Gold Eagles, and coins minted before 1933.
The company also offers different international products, such as Canadian coins, British gold, Mexican coins, and many more. The company is also popular for its Chinese gold products, collectibles, and other valuable products.
Besides gold, you can also find an extensive collection of silver from JM Bullion. Customers can purchase silver rounds, coins, bars, and other products from the company. JM Bullion also offers coins from books, movies, and television properties, like Marvel, The Simpsons, etc. Though it has a limited collection, you can also find copper, platinum, and palladium products from JM Bullion.
You Can Sell Back Your Gold and Other Precious Metals
The best thing about JM Bullion is that it allows you to sell back the items you gave. You can call them or use the buyback tool to sell your precious metals. Many customers choose the buyback tools since it is available 24/7 and streamlines the process of selling gold, silver, and other valuable commodities.
JM Bullion also has an email option for customers to purchase their gold and silver holdings. Regardless of the option you pick, the process will remain the same. You would have to lock the price for your precious metals and send them to the company. After the inspection and the acceptance process is complete, the company will transfer the payment for your metals.
You'll get a UPS shipping label to put your items and ship them to the company's office. Usually, customers will receive their payment within three business days after JM Bullion receives their shipment.
Gold IRAs (Through JM Bullion’s Recommended Custodian)
JM Bullion doesn't provide services for the gold IRAs directly. The company has collaborated with local facilities and custodians to help customers set up new accounts.
JM Bullion Pricing
You have to pay additional charges when setting up a gold IRA with New Direction IRA. But, JM Bullion offers reasonable rates to its customers. You can choose from JM Bullion’s many products according to your needs.
The company allows you to hit a minimum buy amount of $100 when paying through cryptocurrencies, PayPal, or cheque. If you are making a bank transfer, then you need to purchase products worth $2,500. Investors also need to be aware of the maximum buy amount, which is:
- $5,000 for payments by card
- $10,000 for a PayPal purchase
- $50,000 for a check
- $150,000 for a bank transfer
- $250,000 when purchasing with Bitcoin
Does JM Bullion Accept Cryptocurrency as Payment?
JM Bullion allows customers to check out using crypto payments, unlike others that allow dealing with cash alone. The company lets customers use digital currencies like Ethereum and Bitcoin Cash to make payments and get gold coins, bars, etc.
Does JM Bullion Offer?
JM Bullion partners with TDS Vaults and provides storage services to customers who want to store their precious metals in a safe place. It is a reliable option for gold owners, since TDS Vaults is a multinational storage company and offers valuable metals storage in the following locations, such as:
- Las Vegas
- Singapore
- Toronto
- Zurich
Customers who want to choose this storage option need to open a new account with the partner company. They will have to choose a facility where they would like to store their gold. Once that’s done, you can complete your purchase with JM Bullion.
JM and TDS will coordinate and ship the item to the facility of your choice. TDS Vaults also have a double insurance policy to protect customers' precious metals. The facility ensures your valuable metal and provides coverage for your valuables.
How Does JM Bullion Stack Up Against SD Bullion?
SD Bullion is a primary competitor of JM Bullion as both companies share many similarities. JM Bullion has a slight competitive edge due to its customers' variety of products.
Moreover, JM Bullion has a five-day return policy compared to only a three-day return policy from its competitor. The conclusion is that it will depend on your requirements and needs to determine which retailer is best for you.
What Should I Look For in a Gold Bullion Dealer?
Investing in precious metals is a huge step for many people, so you want to choose the best gold bullion dealer. Firstly, you should look at the dealer's reputation on various websites. Go through their ratings on different platforms and ask for testimonials.
The second thing you need to check is if there is any physical store or office of this dealer. Even though many retailers are operating online now, they should have a P.O box number on their website. Next, there should be complete transparency about the fees or commissions that the dealer charges. They should also give you updates about the changes in price, since the value of precious metals fluctuates over time.
Also, check for the payment options that the gold bullion dealers accept. It is best not to choose a dealer that requires cash upfront. Lastly, check the company's shipping and return policy, as well as their their buyback options. All these factors will help you find a reliable and trustworthy gold bullion dealer.
Conclusion
JM Bullion has made a name for itself by offering quality customer services, fair prices, and transparency. The company's only drawback is that it doesn't allow you to open a direct gold IRA account.
Before you open a gold IRA, it is best to get complete knowledge about all options for opening a gold IRA. So, contact What Is A Gold IRA today to learn more about opening and investing in a gold IRA.
