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Company Info and Background
JM Bullion (www.jmbullion.com) is a precious metals online retailer headquartered in Dallas, Texas. It was founded in November 2011 by Michael Wittmeyer and Jonathan Wanchalk. In 2016, it was recognized as 40th on Inc. magazine’s coveted Inc 500 annual list.
The company rightfully lauds itself as being an industry leader in the online precious metals space. In the Internet Retailer Top 500 list for 2019, the company ranked 96th overall, and for the Primary Merchandise Category (Specialty), it ranked 5th on the list.
JM Bullion Management Team
CEO Michael Wittmeyer
As an adolescent, Wittmeyer worked in affiliate marketing and web development to make extra money. Just out of his teens in 2011, JM Bullion’s CEO co-found the company in a basement in Lancaster, Pennsylvania.
In the subsequent years with Wittmeyer at the helm, JM Bullion enjoyed exponential growth. So much so, that a mere five years after its inception, the company was ranked 40th on the much-coveted INC. 500 list in 2016. He has navigated the company to become one of the largest online precious metals retailers on Earth, with annual revenues of $1 billion USD.
JM Bullion Education and Customer Satisfaction
JM Bullion provides a comprehensive guide to investing in precious metals. This guide covers a myriad of topics including Gold & Silver History, Legal Tender Laws, and Should You Buy Bars, Rounds, or Coins?. They also provide a wealth of articles touching on subjects involving the types of physical metals, buying physical metal, and taxes, reporting and IRAs, to name a few. The company also has an Info menu that provides resources such as gold and silver pricing charts, market news, and a blog discussing a variety of topics related to precious metals.
JM Bullion has low prices for their precious metals products, with many items listed “on sale”. The company also has a seamless buyback program, offering some of the best buyback prices within the space. Take note that they do have a minimum purchase policy of $1,000 for the buyback program. JM Bullion also provides free, insured shipping for all orders over $199 (orders under $199 are charged $7.99). All these components combined ensure that they offer excellent customer service.
JM Bullion Storage and Buyback Program
JM Bullion offers fully allocated storage to its clients via Transcontinental Depository Services Vaults (TDS). TDS is renowned for its secure vault facilities located around the world including Toronto, ON, New York, NY, Las Vegas, NV, Zurich, Switzerland, and Singapore.
JM Bullion also offers a buyback option with its minimum purchase price being $1,000. Clients need only lock in an agreed upon price over the phone, follow mailing instructions for their precious metals to JM Bullion, then receive payment once the inventory team inspects the mailed precious metals products (typically within 1 to 3 business days).
JM Bullion Products
JM Bullion proudly offers over 2,000 bullion products, including the most popular IRA-approved gold, silver, platinum, and palladium bullion bars, and coins. For collectors, the company offers an extensive selection of premium quality gold, silver, platinum, and palladium coins. Additionally, JM Bullion even offers clients a selection of copper rounds, bars, and bullets. For those so inclined, the company also provides one-ounce gold bullion bracelets.
Regarding IRAs, JM Bullion has partnered with acclaimed IRA custodian, New Direction IRA. Other preferred self-directed IRA custodians include Equity Trust, GoldStar Trust, and Strata Trust. The company’s preferred depository for IRA-approved precious metals is A-M Global Logistics, situated in Las Vegas, Nevada.
JM Bullion Precious Metals IRA Info
|Company Name||JM Bullion|
|Annual Cost||Precious Metals IRA below $100,000 - $130
Precious Metals IRA $100,000 and above - $180
|Scaled or Flat Fees?||Flat Fees|
|Partnered Storage Vault||Transcontinental Depository Services Vaults (TDS)|
|Partnered Custodian||New Direction IRA Inc.|
|Metals Available||IRA-approved gold, silver, platinum, and palladium coins and bars.
Copper rounds, copper bars, and copper bullets
|Years in Business||10 years (2011)|
JM Bullion Reviews, Ratings, and Complaints
Below we offer a diverse selection of reviews, ratings, and complaints that you can read on JM Bullion from trusted consumer reporting and rating agencies sites. Simply click on the links provided to study the reviews in greater detail.
- BBB Rating: A+ (Details)
- BBB Complaints: 233 complaints closed in the last 3 years (Details)
- CitySearch: N/A
- Google+: N/A
- RipOff Report: 23 Reports (Details)
- SiteJabber: 5/5 based on 2,588 reviews (Details)
- Trustlink: Profile (Details)
- Yellow Pages: Profile (Details)
- Yelp: Profile (Details)
- TrustPilot: (4.5 / 5) based on 889 reviews (Details)
- Facebook: Profile (Details)
JM Bullion Contact Information
- Phone: (800)276-6508 Monday-Friday 8 AM-6 PM CST
- Address: 11700 Preston Road Ste 660153, Dallas, Texas 75230
- Website: www.JMBullion.com
Review All IRA Options Before Investing
It is essential to carefully consider the different precious metals companies available, prior to making any purchases as part of your IRA investment strategy. In addition to its overall reputation, be mindful of a company’s bullion prices, policies, practices, and most importantly, storage fees for precious metals.
JM Bullion Review Summary
In less than a decade, JM Bullion has become one of the largest precious metals online retailers in the world. This company offers a wide selection of precious metals, including IRA-approved gold, silver, platinum, and palladium. Presently, JM Bullion does not offer international shipping - shipments can only be fulfilled within the United States and to US Military boxes.