MJPM Review | Gold IRA Guide
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MJPM (Michaels Jewelers Precious Metals) (http://www.mjpm.com/) is a precious metals dealer based in Corvallis, Oregon. The business was founded in 1985 and has had an open file with the BBB since 2001 (although they've not yet become BBB-accredited). They're a member of the Numismatic Guaranty Corporation (NGC) and an authorized dealer of the Professional Coin Grading Service (PCGS).

About the Management

MJPM was founded by current Owner and President Michael Chambers. Mr. Chambers has been doing business in the Corvallis, OR area for nearly three decades as a precious metals investment specialist and coin grading expert.

MJPM Ratings and Complaints

Here are some of the most important ratings from the internet's most popular business directories and ratings bureaus:

  • BBB Rating: A+ (Details)
  • BBB Complaints: 0 complaints in the last 3 years (Details)
  • BCA Rating: Not Listed
  • BCA Complaints: Not Listed
  • CitySearch: Not Rated (Details)
  • Google+:  Not Listed
  • RipOff Report: Not Listed
  • SiteJabber: Not Rated (Details)
  • Trustlink: Not Listed
  • Yellow Pages: 5 Stars (5 / 5) based on 8 reviews  (Details)
  • Yelp: Not Rated (Details)

While MJPM doesn't have a very extensive web presence, the ratings that it does have are fairly decent. With a perfect A+ rating from the BBB and an above average rating of 4.5 on Google+, MJPM has done a good job of maintaining a relatively positive online reputation while operating primarily as a local storefront.

MJPM Prices and Products

MJPM sells a variety of gold, silver, and platinum coins, as well as fine jewelry. Being based in Oregon, they do not charge any sales tax on the precious metals they sell. They also have a Daily Specials page that lists their latest discounts and promoted items. As far as Gold IRAs are concerned, MJPM is willing to accept payments from and deliver directly to IRA custodians. However, it is not clear whether they are already partnered with a preferred IRA custodian.

MJPM Contact Details

  • Address: 425 SW 3rd St, Corvallis, OR 97333
  • Phone: (800) 279-4337
  • Local Phone: (541) 753-4337
  • Website: http://www.mjpm.com/

Key Pages From MJPM Website

The following are some of the key pages on MJPM's website for the Gold IRA investor:

  • Gold Coins – MJPM's complete catalog of gold bullion coins and bars.
  • Investing in Precious Metals – Discusses the history, advantages, and facts about precious metals investing.
  • American Gold Eagle – Lists historical and denomination-related facts about the American Gold Eagle, which is one of the most popular gold coins held in Gold IRAs.

Comparing the Competition Before Investing in a Gold IRA

Choosing a Gold IRA company can be a stressful process; after all, you're probably going to be investing a significant portion of your retirement savings. Most financial advisers recommend allocating between 5%-20% of your investment portfolio to precious metals like gold, which act as a hedge against inflation due to their ability to retain and gain wealth in times of economic hardship.

While less than one fifth of your portfolio may seem like a minority, in reality it could wind up being the most important portion to consider in the long-term, for two primary reasons-

A) If inflation continues on its current course, precious metals will probably at least keep their current value, while the dollar will continue to decrease in value.

B) If inflation takes a turn for the worse, precious metals will likely increase in value while most other forms of currency will decrease in value.

So no you know that dedicating a portion of your portfolio in a precious metals IRA is an effective way to protect the value of your retirement savings. However, keep in mind that the cost of storing precious metals in an IRA will vary depending on the Gold IRA company and/or IRA custodian you choose. Ideally, you'll want to deal with a custodian that charges a low flat-rate fee instead of a sliding scale fee (which increases as the account value rises).

Contact Us if You Own or Represent MJPM

If you're an owner, representative, or associate of MJPM and you've noticed any information in this review that is inaccurate, misleading, or outdated, please feel free to contact us with your concerns. With the aim of giving our readers the most accurate reviews possible, we will honor any revision requests that are based on fact.

MJPM
  • Editor Rating

  • Rated 3 stars
  • Good
  • 0/5 Avg. User Rating

  • Rated 0 stars
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  • MJPM
  • Reviewed by:
  • Published on:
  • Last modified: October 31, 2016
  • Quality
    Editor: 90%
  • Customer Support
    Editor: 85%
  • Pricing & Fees
    Editor: 80%

Review Summary:

MJPM sells a variety of gold, silver, and platinum coins, as well as fine jewelry. Being based in Oregon, they do not charge any sales tax on the precious metals they sell. They also have a Daily Specials page that lists their latest discounts and promoted items. As far as Gold IRAs are concerned, MJPM is willing to accept payments from and deliver directly to IRA custodians. However, it is not clear whether they are already partnered with a preferred IRA custodian.

MJPM sells a variety of gold, silver, and platinum coins, as well as fine jewelry. Being based in Oregon, they do not charge any sales tax on the precious metals they sell. They also have a Daily Specials page that lists their latest discounts and promoted items. As far as Gold IRAs are concerned, MJPM is willing to accept payments from and deliver directly to IRA custodians. However, it is not clear whether they are already partnered with a preferred IRA custodian.

Editor rating
Rated 3 stars
User rating
Rated 0 stars
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