One of the longest standing currencies to date, that’s withstood the test of time even in the face of rising, and falling nations is gold. It’s a highly precious metal and, for centuries, has been the lynchpin holding civilizations together in both war and peace.
Because of its inherent stability, dependability, and security, It’s no surprise that some of the smartest investors choose to invest in gold. As a precious metal commodity, investing in it is one of the best ways of increasing your real tangible assets.
However, it’s not just a commodity but also has the characteristics and behavior of monetary assets. Its inverse relationship with the dollar is the only common feature it has with other commodities from an investment standpoint.
That said, because it’s barely exposed to the fluctuation of business cycles, it’s less volatile to market conditions and is relatively stable in times of financial distress. This makes it a great investment vehicle for hedging your portfolio against changing market conditions.
Investing in gold and adding it to an IRA is one of the best ways of safeguarding your retirement while simultaneously increasing its value. Now, if you’re here, you’re probably wondering if JM Bullion is competent enough to handle your IRA account.
In this JM Bullion review, we’ll be putting the precious metal vendor under a microscope to help you decide whether you should invest in their bullions or have them be custodians of your gold-backed IRA account.
Without further ado, here’s our detailed JM Bullion review. But first,
JMBullion is a Dallas, Texas-based online retailer that specializes in selling precious metals and their products. As a precious metal dealer, JMBullion offers its investors a unique opportunity to purchase gold, silver, and other precious metals and have them shipped directly to their front door.
They primarily sell physical bullions, i.e., from coins to bullets to rounds to bars to coins to statues. Quality is at the heart of their service, and they maintain it by working directly with precious metals distributors and mints to ensure the products investors receive are of exceptional quality.
Having been founded in the fall of 2011 by Jonathan Wanchalk and Michael Wittmeyer, JMBullion has remained true to its mission, which is to help investors worldwide own physical bullions instead of owning precious metals on paper.
The company first opened its doors in Lancaster, PA, where it would remain for the first two years of its life. Michael and Jonathan started way back when the average weekly asking price for gold per Troy ounce was about $1,755.52, and that of silver was $37.24.
Fast-forward nine months later, and JMBollion hit its first $100,000 sales a day, a significant milestone in the life of the company, especially when you consider that it was a two-person job. With it’s first-anniversary just around the corner, Jonathan and Michael hired their first employee.
Now a little over a year old, with more than a few employees and sales going through the roof, JMBullion hit $ 1M in sales. Riding their wave of success, JMBullion made a critical decision to maintain their growth trajectory; they moved to Dallas, Texas.
The move was aimed at improving market penetration and help the company to access a much wider talent pool. And the move paid off, because two months later and the company had grown their customer base to over 100,000 customers.
With sales going through the roof, an exponentially growing customer base and workforce, JMBullion got its first monumental recognition. Having recently ventured into Dallas, the company acquired the number one rank in Dallas 100 in 2015.
Barely a year after its move to Dallas, Texas, JMBullion delivered its one-millionth order since its inception back in 2011. This was a testament to its continued growth, reach, and popularity.
Soon after, the company made it to the Inc. 500 and came in at number 40 as one of the fastest-growing private companies in the US, competing with big names like Microsoft, Oracle, etc.
JMBullion offers free shipping and shipping insurance on all orders over $99 and charges a base shipping fee of $3.99 on orders below $99. This allows customers to maximize the value of their orders, but they also provide shipping options on checkout.
However, it’s worth noting that JMBullion only ships to addresses in the US, and this includes shipping to P.O Boxes as well as military addresses. They also offer a variety of shipping carriers, but the two most popular ones are UPS and USPS.
They’re able to ship at a considerably low fee thanks to their base shipping carrier, but depending on the order, they allow customers to upgrade their shipping carrier during checkout. And because they know the value of discretion when shipping precious metals, they securely wrap your order in a protective package before placing it a shipping parcel with packing material to keep it safe.
They also allow customers to track their shipment from the moment you order to the moment your order arrives on your front door. They ship orders within a day of clearing payment and send you an email notification the moment your order is shipped.
As an online retailer for precious metals, the company provides a variety of payment options. They also have a transparent payment process that makes it extremely easy for customers to check out.
That said, they’ve laid out some conditions for each payment method to streamline the whole process. While they accept credit or debit cards, they need to have a minimum balance of $0 and a maximum balance of not less than $5,000 without discounts.
JMBullion supports the most popular online payment method, PayPal, albeit customers need to have a minimum balance of zero with a maximum of $10,000, and they don’t provide any discounts. To get a discount on your order, then we recommend using a Paper check, ACH, BankWire, or Bitcoin.
They offer 4% discounts on all orders paid through Paper Check, BankWire, and ACH. However, for Paper Check and ACH, customers need to have a minimum balance of $0 and a maximum balance of $50,000 and $10,000, respectively.
With Bank Wire transfers, JMBullion customers need to have a minimum account balance of $2,500 and a maximum of $250,000. To pay with Bitcoin, customers need to have a minimum balance of $0 and a maximum of $150,000, but they get to enjoy a 3% discount on all orders.
JMBullion has a variety of American Gold Eagle coins for sale at any one point. The iconic gold eagle coin featuring lady liberty created by Augustus Saint-Gaudens in 1907 and a limited reverse design is one of their most popular products.
It was designed to be an accurate depiction of the country’s growing economy and usher in the 20th century. JMBullions also sells American silver eagle, which is one of the country’s most popular choices for both collectors and investors.
APMEX has made a name for itself thanks to the unrivaled shopping experience it provides it’s customers throughout the U.S, the U.K, Canada as well as Europe. They’ve even gone the extra mile to show custom pages with customized prices to cater to customers from these regions.
Regardless of location, APMEX provides it’s customers with expert advice, news, and content regularly coupled with superior customer service, making it one of the best options to buy bullion for investors no matter where they are on the planet.
JMBullion, on the other hand, has made a name for itself as one of the precious metals vendors in the United States. Their bullions are competitively priced, and thanks to their weekly sales deals, customers get to make huge savings.
Once customers build rapport with the company after making a few purchases, they get one of the most natural checkout options online. Add in the free shipping for orders above $99, shipment tracking, and superior customer service; then, you get a genuinely unbeatable shopping experience.
SD Bullion, which is an acronym for Silver Doctors, is an online retailer of precious metals, was founded a year after JMBullion came into being i.e., 2012.
They’ve got a diverse range of highly valuable metals on their website that includes gold, platinum, and silver bullions, as well as a variety of bars and coins. The company came into being after the massive success of its parent company—SilverDoctors which was founded in 2011.
It was built to be an educational resource for collectors and investors, and after seeing a need for inexpensive top quality bullions, the founders—“Bull Run” and “The Doc” created SDBullion.
JMBullion is the brainchild of two entrepreneurs—Jonathan and Michael, who are deeply passionate about precious metals. While the retail of precious metals online is nothing new, they saw a gap in the market and decided to fulfill it.
By improving user experience, providing dedicated customer support, a variety of payment methods, as well as investor-friendly options such as AIP, i.e., Automatic Investment Program, JMBullion, have quickly set themselves apart as a premier precious metals retailer.
JMBullion makes it incredibly easy for investors and collectors alike to sell their silver and gold bullions. After being in the industry for nearly a decade, JMBullion has streamlined the entire process and shortened it to just three easy steps with some of the highest buyback rates on the market for almost all precious metals.
The first thing an investor needs to do is call their toll-free number, negotiate the price of their gold or silver bullions before finalizing the sale. Once you’ve locked in a price, the next is to ship your bullions to them using their mailing instructions.
After your product is received, they first inspect it and after approval, the funds are released to you either through wire transfer—takes between 1 to 3 days, ACH or Paper Check.
Review by: Jordan Tuwiner
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