Welcome to my JM Bullion Scam review.
What is JM Bullion, and what kind of product and services does this company offer you? Is this company a legit investment, or is it just a waste of time and money? Well, let's find out.
This review will take an in-depth look at JM Bullion and try to answer all your questions about this company and see what they have to offer.
So let's get right to it.
JM Bullion Quick Summary
What Is JM Bullion?
JM Bullion is a company that was founded in 2011, and Mike Whittmeyer owns it.
The company is located at 1813 Olde Homestead Ln, Lancaster, PA 17601, USA.
JM Bullion is a leading online retailer, and they offer a variety of precious metals such as gold, silver, copper, and platinum products at highly competitive prices.
Now let's dig in on how this company works.
How Does JM Bullion Work?
In this company, you can either buy or sell precious metals. They also offer other related services.
The products offered are primarily coins and bars in the form of gold and silver.
Here are the metals that the company offers:
Gold
These precious metals are considered the most valuable types of them all. It remains a primary vehicle for private investment and the protection of wealth.
More so, gold bullion coins are preferred by many investors because they have the backing of central banks and federal governments. Additionally, these coins are issued by national sovereign mints and other state-owned facilities.
Silver
On the other hand, JM Bullion also sells silver. Silver is a quiet hero that many investors turn to for diversity and affordability.
Platinum
This type of precious metal is the most desirable precious metal, but it is often overlooked by investors interested in gold and silver because of the greater value of gold and the increased variety of both metals.
Palladium
More so, palladium is an often-overlooked precious metal as an investment but is slowly growing in popularity. It does not have the background that gold and silver bullion coins possess, or even platinum coins for that matter.
Copper
This precious metal is a relative newcomer in the world of investment bullion. The base metal started in the 21st century trading at under $1/lb while over the next 10 years it would continue to rise and top off at around $4.50/lb.
Accessories
Aside from precious metals, JM Bullion also sells accessories. A few extra accessories to help store and protect your valuable new product. In the world of precious metals, condition is everything. Any blemishes, smudges, contact marks, or other flaws that mar the surface of your gold, silver, or platinum products can result in a loss of value.
IRAs
JM Bullion offers precious metals IRAs. To have a precious metals IRA, you have to:
- Open a Self-Directed IRA Account
- Fund Your Self-Directed IRA Account
- Purchase Precious Metals from JM Bullion
They have recommended Self Directed IRA custodians like:
- New Direction Trust Company
- Equity Trust
- GoldStar Trust
They also have a preferred depository like A-M Global Logistics, LLC.
Does JM Bullion Accept Returns?
Yes, they accept returned or exchanged items within five business days of delivery, and some product returns require photos.
You can also contact customer support by phone, email, or live chat if you want to request a return.
Once they authorize your return, you can now mail the product back to the company.
As for the charges, you are responsible for all shipping charges and may be responsible for market losses.
JM Bullion only accepts buyback prices based on the current price, not the price that you paid.
If the market goes down, you stand to lose money in the return process.
What Payment Methods Does JM Bullion Accept?
There are a variety of payment methods that JM Bullion supports, and each one comes with its own set of purchasing:
- ACH transfer - Pay for orders up to $25,000, and get a 4% discount over credit card and PayPal purchases.
- Cryptocurrency - Bitcoin, Bitcoin Cash, and Ethereum are accepted for up to $150,000, and you will get a 3% discount on credit card and PayPal purchases.
- Check - Checks are accepted for orders of up to $50,000, and receive a 4% discount over credit card and PayPal purchases.
- Debit or Credit card - Pay for orders up to $5,000 with Visa, Mastercard, Amex, or Discover card.
- PayPal - Pay with PayPal with orders up to $10,000.
- Wire transfer - Transfer orders between $2,500 and $250,000 and get a 4% discount over credit card and PayPal purchases.
JM Bullion Shipping
The company uses USPS or UPS to ship their products, and the insurance costs for orders are $99 or higher.
If the order is less than $99, it could cost $3.99 or more if you upgrade your shipping options at the checkout.
If you order more than $1,000, it will need a signature on delivery, but you can opt for an essential signature on delivery at the checkout.
The shipping goes out around two to four days after your payment is clear.
As for the amount of time for the delivery, that depends on the payment method you choose.
Payment clearance:
- ACH transfer - 3–5 business days
- Cryptocurrency - Immediately
- Check - 3–5 business days from the date on which they are marked paid
- Credit or debit card - Immediately
- PayPal - Immediately
- Wire transfer - Immediately
JM Bullion Reviews And Complaints
Here I will show you some websites where people give their reviews about JM Bullion and their experiences.
What I Like About JM Bullion
- Variety range of products offered
JM Bullion offers A LOT of products. You will see it on their website as they offer gold, silver, platinum, palladium, copper, and even accessories.
- It has been around since 2011
The company has been in the industry for quite some time, so they have proven their legitimacy. They are also an experienced company given the time that they have been serving clients and customers.
- E-commerce Site
The website is an e-commerce website. You can directly order from their website, you can also see its price and how much you will pay for what you have ordered.
Aside from this, they also offer a lot of payment methods.
What I Don't Like About JM Bullion6
- A lot of negative reviews
Recently, websites like the BBB have been flooded with complaints. However, they try their best to reply to each complaint, so that's a good sign.
- No Referral Discount Bonus
JM Bullion does not provide referral discounts or bonuses.
Is JM Bullion A Scam?
JM Bullion is not a scam. It is a legit company with an actual owner and a real physical address.
The company has been around since 2011, and for me, if a company has been around that long, it means that they have good customer service and most people are satisfied with their purchase.
However, I can't recommend this company to you because there are other ways to invest your money where you can do business rather than spending it on buying metals.
Now I have shared with you my review of JM Bullion, but again, this is just my opinion.
It is still up to you to decide if you want to purchase some of their products.
Final Thoughts
Now you know what JM Bullion is and what products they offer.
My only problem with this company is that there are some pretty serious complaints about them online.
As you already know, they offer IRAs through their partners, making it hard to know what it would cost you.
Also, they are not listed as a US Mint dealer. It is hard to give this company a higher rating than 3 out of 5 stars. At least for now.
That is why I don't recommend this company to you because of the complaints that I saw, and I don't want you to experience that.
If you are looking for a better alternative, I would recommend GOLDCO.
Goldco is a company that has proven itself in the industry. They are trusted by many, and you'll be sure that you can trust them with your investments. Click below to learn more about them!
Thank you for taking the time to read my JM Bullion scam review. If you have any questions or experiences with JM Bullion, please share them in the comments below.