JM Bullion Review (2023): Fake or Legit Gold?

What is JM Bullion?

JM Bullion, founded in 2011 by Jonathan Wanchalk and currently led by CEO Michael Wittmeyer, is a prominent Texas-based company specializing in precious metals. 

If you're an investor looking to diversify your portfolio or safeguard your retirement, JM Bullion offers a range of high-quality products to meet your needs. As an online retailer, they exclusively deal in physical bullion, ensuring that your gold or silver is securely delivered right to your doorstep. 

Let's delve deeper into what makes JM Bullion a trustworthy and reputable option.

JM Bullion Pros & Cons

JM Bullion Product Offerings 

Gold

From American Gold Eagles to Canadian Gold Coins, they offer something for every gold enthusiast, including themed pieces like Lunar New Year and James Bond. They even carry gold jewelry for those seeking a touch of elegance.

Silver

When it comes to silver, JM Bullion boasts a collection as diverse as it is impressive. Silver bullion bars, coins, and rounds from renowned mints worldwide await you, along with unique offerings like silver statues and bullets.

Platinum, Palladium & Copper

JM Bullion doesn't stop at gold and silver. They cater to platinum and palladium fans, offering a selection of bars and coins. For those looking to add variety to their portfolio, JM Bullion offers copper products, including rounds and bars.

Legal Tender & Accessories

$2 It’s A Girl Birth Announcement Legal Tender Note

In addition to precious metals, JM Bullion provides numismatic treasures like legal tender notes and clad coins. To protect and showcase your collection, they offer accessories like coin and bar capsules.

JM Bullion Services & Features 

Precious metals IRA

Investing in a precious metals IRA is made easy through JM Bullion's partnership with New Direction IRA. Their experienced IRA Specialists will guide you through the process, from opening a self-directed IRA account to funding it and purchasing IRA-eligible precious metals. Rest assured that JM Bullion adheres to the strict guidelines of approved metals for IRAs, ensuring compliance with depository requirements.

Do-It-Yourself Buyback Service

Streamline the process of selling your gold or silver with JM Bullion's convenient do-it-yourself buyback service.

Enjoy 24/7 access to lock in your price online without the need for a specialist. And for added peace of mind, ship your items using a JM Bullion label through FedEx with insurance coverage up to $100,000.

Gold & Silver Loans - Unlock Cash Liquidity

  Photo by Alexander Mils on Unsplash

In collaboration with Collateral Finance Corporation (CFC), JM Bullion provides customers with the opportunity to borrow against their existing gold and silver holdings. By using your bullion as collateral, you can access cash liquidity without the need to sell your assets.

Secure Storage for Your Precious Metals

Through their partnership with TDS Vaults, a leading provider of precious metals storage, JM Bullion ensures your investments are secure and accessible. TDS Vaults offers multiple storage locations in various countries, including Las Vegas, Toronto, Zurich, and Singapore. You can enjoy the flexibility of placing your metals where you desire, ensuring the desired regulatory environment. 

For a limited time, new JM Bullion customers can even enjoy 6 months of free storage for orders over $3,000 at the Las Vegas location.

Stay Informed with Charts & Price Alerts

Stay in the know and make informed decisions with JM Bullion’s comprehensive charts. You'll find charts for each precious metal, including Bitcoin, allowing you to analyze market trends, explore different timeframes, and employ technical analysis and dollar-cost averaging strategies. 

And with the price alert feature, you'll be notified when your target price is met, so you never miss an opportunity.

Customer Service & Support

Fees & Cost Structure

When it comes to the cost of investing with JM Bullion, there's nothing to hide. Their fees come from a minor spread above the market rate, with no hidden charges or special commissions to worry about. The price you see on their site is the price you pay, pure and simple.

Shipping

JM Bullion offers convenient shipping options for their customers. Orders over $199 qualify for free shipping, while orders below that threshold are charged a flat rate of $7.99. 

You can easily track your shipment and expect prompt delivery. Rest assured that JM Bullion provides clear pricing information for gold and other precious metals, along with the market rate.

Payment Options

JM Bullion understands the importance of flexible payment options. They accept Visa, MasterCard, American Express, Discover, PayPal, bank wires, paper checks, ACH/eCheck, and Bitcoin. If you choose to pay with a paper check or bank wire, you'll enjoy a 4% discount on your order.

Return Policy

JM Bullion offers a customer-friendly return policy, allowing returns within 5 days. While they don't specify a restocking fee, please note that any market losses incurred during the return process will be the customer's responsibility. Additionally, JM Bullion has a minimum buyback requirement of $1,000.

Reviews & Ratings 

JM Bullion has garnered praise for their prompt delivery, professional packaging, fair pricing, and exceptional customer support. Here are some of their notable reviews and ratings:

JM Bullion vs SD Bullion: How do they compare? 

JM Bullion offers a slightly larger selection of gold products compared to SD Bullion. However, unless you have a specific product in mind, the difference may not be significant. Ultimately, the best choice between the two will depend on whether they have the exact product you're seeking.

Read more on our comprehensive SD Bullion review.

FAQs About JM Bullion

1. Is JM Bullion a trustworthy company?

JM Bullion is widely recognized as a trustworthy company in the precious metals industry. They have been in operation for several years and have established a solid reputation for their reliability, professionalism, and customer satisfaction. Additionally, they have received positive reviews and ratings from reputable sources, indicating the trustworthiness of their business practices.

2. Has JM Bullion ever sold fake gold?

Based on thorough web searches, there is no evidence to suggest that JM Bullion has ever sold fake gold. They prioritize the authenticity of their products and maintain strong relationships with trusted mints and distributors. By ensuring the quality and genuineness of their offerings, JM Bullion instils confidence in their customers and upholds their reputation as a reputable dealer.

Final Thoughts

When considering JM Bullion, it is evident that they are a trusted and reliable precious metals company. Their commitment to quality, extensive selection, and positive customer reviews make them a favorable choice for individuals interested in purchasing gold, silver, and other precious metals. With their reputable track record and dedication to customer satisfaction, JM Bullion stands out as a reliable partner for precious metals investments.