JM Bullion Reviews- Legitimate Or a Scam? Uncover the Truth Now

Is JM Bullion a legitimate company or a scam? Can you trust them with your money? In this detailed review of JM Bullion, we’ll cover their products, services, pros, and cons, and whether we recommend them for purchasing or investing in precious metals.

Let’s get started.

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What Is JM Bullion?

JM Bullion Reviews

JM Bullion is a precious metals company founded in 2011 by Jonathan Wanchalk and Michael Wittmeyer. Their mission is to provide precious metals to investors seeking to diversify their portfolios or safeguard their retirement from economic downturns. The company specializes in the purchase and sale of precious metals such as gold, silver, platinum, and palladium. JM Bullion is based in Dallas, Texas.

JM Bullion Review Summary

Location:

Dallas, TX

Address:

11700 Preston RD STE 660153

Management:

CEO: Michael Wittmeyer, VP of Operations: Tom Fougerousse

JM Bullion Products and Services

JM Bullion allows investors to purchase precious metals online in a convenient manner. As previously stated, they sell various forms of bullion, providing customers with an extensive selection of bullion, rare coins, and jewelry.

This company’s superb, modern website is a distinguishing characteristic. They make obtaining metals online incredibly simple. All products and their respective prices are listed in the catalog, making it simple to select the appropriate items.

Now, let’s review the two primary precious metals offered by JM Bullion.

  • Gold

JM Bullion Products

They offer an extensive selection of gold bullion coins and bars. Customers favor coins because they are backed by the government. Among the available gold bullion coins are the Australian Gold Kangaroo, the Austrian Gold Philharmonic, the American Gold Buffalo, the American Gold Eagle, and the South African Krugerrand.

JM Bullion gold bars are available in various shapes and weights. Gold bars are manufactured by licensed private mints and are therefore legal. Among the available bullion bars are RMC Gold Bars, Credit Suisse Gold Bars, and Sunshine Mint Gold Bars.

  • Silver

Silver products are also available from JM Bullion. They are available as coins, bars, and rounds. Silver bullion is preferred not only because it is inexpensive, but also because it is available in various shapes and sizes.

Does JM Bullion Offer Precious Metals IRAs?

JM Bullion doesn’t offer precious metals IRAs; they only sell precious metals. You’ll need to find a company that provides both precious metals and IRA services. Click here to see our recommended precious metals IRA company now!

Pros of JM Bullion

  • Free Shipping

JM Bullion does not charge any shipping fees on all orders.

  • A Wide Selection of Products

They have hundreds of products in stock and are one of the largest retailers. Thus, you will find everything you require under one roof.

Cons of JM Bullion

  • Lack of  Storage Facilities

Because the company does not provide storage services, investors are forced to locate their own depository (which may result in higher fees).

  • Shipping Delays

According to some online reviews, JM Bullion has recently lowered its shipping standards, resulting in shipping delays and dissatisfied customers.

  • Poor Customer Support

Customers have frequently complained about the lack of urgency with which customer service representatives respond to inquiries. In some instances, customer emails are ignored, resulting in numerous online customer complaints. Additionally, numerous customers have accused JM Bullion employees of peddling low-quality or tainted products.

  • Neither Listed By US Mint as a Dealer Nor TRUSTe Verified

The majority of trustworthy precious metal companies are listed by the United States Mint as dealers and are TRUSTe-verified. JM Bullion is neither listed nor verified, which inspires mistrust and suspicion. Since the majority of investors do not wish to jeopardize their hard-earned money, they have shifted their investments to more reliable companies.

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Customer Reviews and Ratings

Customer reviews

This section will examine JM Bullion reviews found on online review sites. The BBB has accredited JM Bullion since July 2014 and currently holds a 4.59 out of 5-star rating based on 461 customer reviews and an astounding 172 customer complaints.

Additionally, there are 1, 385 reviews of JM Bullion on Trustpilot, with an average rating of 4.6 stars. On the Business Consumer Alliance, JM Bullion has a dismal ‘F’ rating based on a single review, while on Trustlink, they have a 1-star rating based on a single review as well. Yelp lacks reviews and evaluations for the company.

JM Bullion BBB

Frequently Asked Questions

Is JM Bullion Legit?

JM Bullion has multiple locations throughout the United States. The company is also managed by reputable professionals, so it is not a scam but a legitimate precious metals business that has been in operation for over a decade.

Where is JM Bullion Located?

JM Bullion is headquartered in Dallas but has offices in Chicago, Lancaster, and a number of other cities.

What Does JM Bullion Stand for?

The company’s name is derived from the founders’ first names: Jonathan Wanchalk and Michael Wittmeyer.

Can I Buy Silver Bars at JM Bullion?

Yes. JM Bullion offers an extensive selection of silver bars, including Geiger Edelmetalle Bars and PAMP Suisse Fortuna Bars, among others.

How Long Does JM Bullion Take to Ship Products?

Despite JM Bullion’s promise to ship within a single day, Some consumers have reported delays of up to seven days.

Which Is the Better Investment Between Gold and Silver?

Gold is a superior investment due to its stability over time, but silver remains a viable alternative for those who cannot afford gold. In addition to its affordability, silver is available in a variety of forms, including coins, ingots, rounds, and even statues.

Should You Buy from JM Bullion?

Deciding whether to buy from JM Bullion depends on your specific needs and preferences. JM Bullion is known for its wide selection of precious metals, competitive pricing, and user-friendly website. However, they don’t offer precious metals IRAs, so if you’re looking to invest in an IRA, you’ll need to look elsewhere. Overall, JM Bullion is a trustworthy choice for purchasing precious metals, but it’s important to consider your individual investment goals and requirements before making a decision.

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JM Bullion Reviews Conclusion

Thank you for reading our JM Bullion review. You now have the knowledge necessary to make a more informed investment decision and avoid the risks associated with purchasing precious metals and IRA rollovers.

Despite having advantageous offers such as free shipping and a vast selection of metals, the company has numerous disadvantages, as we have just seen. Therefore, you must consider all of these factors before making any investment decisions, as they are crucial.

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