JM Bullion Review: Gold IRAs & Precious Metals

4.3 _/5

LendEDU Rating

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Gold IRA & Metals

• Free shipping on all metals orders over $199 (includes insurance and tracking)
• Website has separate sections for IRA-approved metals, making them easy to find and purchase
• No commissions or surcharges for IRA purchases
• Has been in business since 2011
• Plentiful information regarding metals pricing and trends

• Only offers metal purchases; must purchase IRAs and storage through other providers
• Multiple negative reviews note problems with shipping and customer service when using the company

JM Bullion is a Dallas-based precious metals dealer with nearly a decade of experience. The company offers gold, silver and precious metals for collectors and investors to purchase. It also partners with precious metal IRA custodians, like New Direction, to provide assets for your portfolio. 

The JM Bullion review will help you decide if this precious metals dealer is the right choice for your future investment. 

What precious metals does JM Bullion offer?

As a dealer, JM Bullion offers a variety of precious metals like gold, silver, copper, platinum, and palladium. Its large selection of products can be purchased directly through its website. While coins are the most stocked item, you can also find bars, rounds, and even bullets. 

Does JM Bullion offer gold IRAs?

Yes, JM Bullion can offer gold IRAs by partnering with a precious metals IRA custodian of your choice. The company supplies the precious metals for your self-directed IRA account and your custodian handles all the transactions and IRS compliance. 

While JM Bullion is not working with a specific partner, the company offers flexibility and can supply metals for your retirement portfolio.

How much does JM Bullion cost?

If you are buying bullion you can hold from JM Bullion, then you can expect the cost to vary depending on the type of metal and quantity you choose. The good news is that JM Bullion’s prices are regularly updated on its website. 

Since there are no commissions or hidden fees, the prices reflect the current market conditions and provide buyers with transparency.

The costs of setting up a gold IRA can also vary depending on the custodian you choose. JM Bullion can partner with any custodian you choose to transfer your assets. Here are some common fees you might expect to run into:

Fee	Details	Cost
Setup fee	A one-time flat fee for creating a self-directed IRA	$50 – $100+
Admin fees	An annual flat fee or percentage of account value for IRS record-keeping	$275 – $2250
Transaction fees	Per transaction fee for buying, selling and trading precious metals	$10 – $95+
Storage fees	A recurring fee for IRS-approved gold depository	$125+
Misc. fees	Learn more	Vary

Smaller fees might apply for miscellaneous services, so it’s important to review these fees with your IRA custodian to fully understand the fee structure. 

Is JM Bullion a reputable company?

Yes, JM Bullion is a reputable company. Its customer satisfaction ratings reflect its commitment to customer service. Customer reviews are great for comparing products, and JM Bullion’s positive feedback suggests it’s a trustworthy option for precious metals. 

Here’s a look at where JM Bullion stands with customers:

Source	Customer rating	Number of reviews
Trustpilot	4.6/5	1,473
Better Business Bureau	4.61/5	490

Where does JM Bullion store my precious metals?

JM Bullion partners with TDS Vaults to store your precious metals in their fully allocated, insured vaults. TDS insures your precious metals through a commercial “all-risk” policy that protects your investments during transport and storage. 

TDS Vaults has storage facilities in Las Vegas, Toronto, Zurich and Singapore. JM Bullion arranges the delivery of your purchased metals directly to the vault of your choice. 

How to open an account with JM Bullion

Opening a precious metals IRA in a few steps with JM Bullion:

1. Open a self directed IRA. Contact a custodian of your choice to set up your account.

2. Fund your account. After your account is set up, the next step is to fund it with cash, a check, or a rollover from a retirement account, such as an IRA or 401(k).

3. Purchase metals from JM Bullion. Once your account is funded, contact JM Bullion at 1-800-276-6508 to select your eligible precious metals. After locking in the pricing, JM Bullion will help you complete the purchase and coordinate secure storage of your metals in a depository.

How can I withdraw from my account?

You must complete a distribution form from your IRA custodian stating what you’d like to withdraw from the account. 

Consider your tax situation and retirement plans before withdrawing. In a traditional IRA, withdrawals before the age of 59½ receive a 10% penalty, and after 59½ are penalty-free. 

With a Roth IRA, withdrawals after 59½ are tax and penalty-free if the account has been open for at least five years. 

Where to find JM Bullion alternatives

JM Bullion is a strong option for investing in gold and precious metals, but it’s always good to compare companies and see what suit fits. To get started, use our guide to the best gold IRA companies.

How we rated JM Bullion 

LendEDU’s editorial rating system is designed to help readers find companies that offer the best gold IRAs. Our system awards higher ratings to companies with affordable solutions, positive customer reviews, and online transparency of benefits and terms.

JM Bullion’s gold IRA was compared to several gold IRA companies, using hundreds of data points from company websites, public disclosures, customer reviews, and direct communication with company representatives. We weighted, scored, and combined each factor to produce a final editorial rating. This rating is expressed on a scale from 1 to 5, with 5 being the highest possible score. Our take is represented in our rating and best-for designation, recapped below.

Product	Our rating
JM Bullion gold IRA	4.3/5