What is JM Bullion?
JM Bullion is a Texas-based precious metals company that was founded in 2011 by Jonathan Wanchalk, the CEO, and Michael Wittmeyer, the Vice President of Operations.
JM Bullion provides a comprehensive range of precious metals products and maintains a streamlined and consistent product catalog to ensure ample inventory of each item.
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In addition, they are a member of the Industry Council for Tangible Assets (ICTA) and the Professional Numismatists Guild (PNG).
People behind JM Bullion:
JM Bullion was established in 2011 by Jonathan Wanchalk and Michael Wittmeyer. Michael Wittmeyer currently holds the position of CEO within the company, while Tom Fougerousse serves as the Vice President of Operations. The company has experienced significant growth, with a workforce of over 100 individuals, including customer service representatives, operations personnel, and executives. The team at JM Bullion is committed to assisting investors in diversifying their portfolios or securing their retirement through the acquisition of physical precious metals.
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How to Open a Gold IRA with JM Bullion?
Investing in a JM Bullion IRA is a commonly chosen option for individuals looking to expand their retirement portfolio by including precious metals.
These are the steps you need to follow in order to invest in a JM Bullion IRA:
- If you don’t have an IRA account, you’ll need to open one with a custodian that permits investments in precious metals. JM Bullion suggests considering New Direction Trust Company or Equity Trust Company as custodians.
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- When it comes to funding your IRA account, it’s important to ensure that you have enough cash or assets from an existing retirement account. You have the option to accomplish this through a rollover or transfer.
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- Once you have successfully funded your IRA account, you have the freedom to select the precious metals you would like to invest in directly from JM Bullion’s website. They have a diverse selection of gold, silver, platinum, and palladium coins and bars that can be included in an IRA investment.
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- After choosing the precious metals you want, simply go to JM Bullion’s website to place your order. To complete the purchase, please provide your IRA account information and use funds from your IRA account for payment.
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- Once your purchase is finalized, JM Bullion will safely deliver your precious metals to a storage facility of your choosing. They suggest considering the Delaware Depository or IDS of Delaware as storage providers.
JM Bullion Products:
At JM Bullion, you’ll find an extensive selection of precious metal products, ranging from gold, silver, platinum, to palladium coins and bars.
Here’s a quick rundown of some of the products they offer:
Gold Products:
- American Gold Eagles
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- American Gold Buffaloes
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- Canadian Gold Maple Leafs
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- South African Gold Krugerrands and
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- Gold bars available from a variety of manufacturers
And many more.
Silver Products:
- American Silver Eagles
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- Canadian Silver Maple Leafs
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- Austrian Silver Philharmonics
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- Silver bars from different manufacturers
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- Junk silver coins, specifically pre-1965 US dimes, quarters, and half dollars, can be a wise financial decision.
Platinum Products
- American Platinum Eagles
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- Canadian Platinum Maple Leafs
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- Platinum Bars
Palladium Products:
Palladium is a highly sought-after precious metal due to its rarity and value. It finds extensive use in various industries such as catalytic converters, electronics, and jewelry. It has become increasingly popular as an investment choice in recent years because of its limited supply and potential for value growth.
- Canadian Palladium Maple Leafs
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- Palladium Bars
Furthermore, JM Bullion provides a wide range of specialty and collector coins, including lunar series coins, historical coins, and limited edition releases. In addition, they provide IRA-eligible products for individuals interested in investing in precious metals using a self-directed IRA account.
JM Bullion Fees:
JM Bullion applies different fees based on the specific product and chosen payment method. Here is a detailed breakdown of the charges associated with purchasing from JM Bullion:
JM Bullion provides complimentary shipping for all orders over $199 within the continental US. If your order total is less than $199, there will be a flat shipping fee of $9.95 applied. There are also expedited shipping options available for an additional fee. Customers can choose to enhance their shipping method for an extra charge at the time of checkout.
Furthermore, JM Bullion offers a range of payment options for your convenience, such as credit/debit cards, bank wires, paper checks, and PayPal. However, there may be additional fees associated with certain payment methods.
Regarding a gold IRA, you’d need to get in touch with one of their experts to find out their IRA-related fees. This includes set up charges, maintenance fee, storage fees as well as custodian fees.
JM Bullion has partnered with New Direction Trust Company to offer IRA custodial services. The fees for these services will vary based on the type of account and the value of your assets.
JM Bullion Reviews and Ratings on Other Platforms:
Better Business Bureau (BBB):
JM Bullion has received excellent ratings from the Better Business Bureau (BBB), with an A+ rating and an impressive 4.58 out of 5 stars in their BBB account. They have received reviews from around 7,947 customers on the consumer platform. In the past three years, they have received a total of 248 closed complaints. Overall, the company and its services received glowing reviews from all customers. However, there are also a few negative reviews.
Trustpilot:
JM Bullion has received a rating of 4.3 stars out of 5 stars on Trustpilot, as per the feedback from 1,088 satisfied customers. The reviews have a variety of positive and negative ratings. Here are a few examples of both ratings:
ShopperApproved:
JM Bullion has received a stellar rating of 4.8 out of 5 stars on ShopperApproved. There were approximately 351,271 customers who provided reviews for them. Most of them are positive, with only a few being negative.
Siterjabber:
The company has an impressive rating of 4.8 out of 5 stars on Sitejabbar. There, the bullion dealer has received feedback from 3,104 customers to determine this rating. The majority of them are positive, with only a small number being negative.
JM Bullion Review: Conclusion
Indeed, investing with them is a viable option.
JM Bullion is a reputable precious metals dealer with a solid track record since 2011.
The company has positioned itself as a top player in the industry.
In addition, they are highly regarded in the industry and have received numerous positive reviews. In addition, they have received accreditation from the Better Business Bureau and hold an impressive A+ rating.
At JM Bullion, you’ll find an extensive selection of gold, silver, platinum, and palladium products from trusted mints and manufacturers. Plus, they make it easy to see their pricing and fees with transparent information on their website.
On the other hand, it’s worth mentioning that JM Bullion has faced numerous lawsuits, which could be a significant disadvantage.
