Over the past five years, the price of gold has skyrocketed by nearly 72%. With the upcoming election and concerns about the economy, more people are turning to gold as an alternative to the stock market. A gold individual retirement account (IRA) allows you to invest in gold inside of a tax-advantaged retirement account but choosing the right provider is key.
JM Bullion is one of the best gold IRA companies in the industry, boasting low premiums and excellent customer service. In this JM Bullion review, learn about its gold IRAs, fees, and investment minimums.
JM Bullion
| Account minimums: | $0 |
| Better Business Bureau (BBB) rating: | 4.61/5 |
| Approximate spread on American Eagle Gold 1-ounce coin: | $59.48 |
Pros
- Low account minimum
- Strong customer reviews
- Multiple precious metals to choose from
Cons
- Unclear storage fees
- Limited customer support availability
JM Bullion services
JM Bullion is a wholly owned subsidiary of A-Mark Precious Metals, Inc., a publicly traded company. It has two main services:
- IRAs: Besides gold individual retirement accounts (IRAs), JM Bullion also offers other precious metals IRAs, including silver and platinum.
- Direct-to-consumer precious metals: If you don’t want to invest in an IRA or would prefer to hold onto your precious metals yourself, you can purchase coins, bars, and bullion directly from JM Bullion.
How JM Bullion fees work
JM Bullion has a $100 order minimum on all purchases.
Your costs will vary based on the custodian you choose to hold your gold investments, but you can expect the following:
- Account setup fee: About $50
- Transaction fees: About $40 per transaction
- Annual fees: $75 and up, depending on your account balance
- Storage fees: Storage fees vary by custodian and account balance.
JM Bullion’s consumer reviews
JM Bullion has excellent reviews. It’s accredited with an “A+” rating with the BBB, and it has a 4.61 rating out of five with the BBB.
On Trustpilot, its TrustScore is 4.5 out of five based on over 1,300 reviews, placing it in the “excellent” category. Reviews report that the company has an excellent variety of precious metals, its website is easy to use, and its premiums are lower than most. As one reviewer said:
“I’m a recent customer of JM Bullion. So far, I’ve made four separate orders. I’ve used the resources to learn about buying precious metals to expand my portfolio. The resources have helped so much in learning about buying gold, silver, and other metals. The buying experience has been amazing. The website is easy to navigate, and the buying process is supereasy. Delivery has been fast and accurate. I’ve been happy with the selections I’ve made. I intend to continue buying from JM.”
How to open a JM Bullion account
To open a new JM Bullion gold IRA, follow these steps:
- Contact customer support: You can register for an account online, or you can call customer support to open a gold IRA. Call (844) 598-3627 to start the process.
- Fund the account: Once the IRA is open, provide your banking information to fund the account. You’ll need at least $100 to meet the company’s minimum order requirements.
- Select your gold: JM Bullion has several IRS-approved gold products for your IRA. You can choose from a variety of coins and bars, including American Gold Eagle coins, Canadian Gold Maple Leaf coins, and Australian Gold Kangaroo coins.
JM Bullion alternatives
JM Bullion is a leading gold IRA provider, but it’s not the only option. Other top choices include Allegiance Gold and Silver Gold Bull.
JM Bullion and Silver Gold Bull share low investment minimums, allowing people to open gold IRAs with less than $1,000. However, Silver Gold Bull has less information readily available. It doesn’t post details about the company’s background or fees, making it more difficult to compare your options.
Allegiance Gold has a higher investment minimum than JM Bullion, but it outpaces JM Bullion in customer service ratings and reviews.
| JM Bullion |  Allegiance Gold |  Silver Gold Bull |
|---|---|---|
| Minimum investment to open an account | Minimum investment to open an account | Minimum investment to open an account |
| $0 | $10,000 | $0 |
| Disclose price of gold on website | Disclose price of gold on website | Disclose price of gold on website |
| Yes | Yes | Yes |
| Years in business | Years in business | Years in business |
| 13 | 11 | 15 |
| Read our Allegiance Gold review | Read our Silver Gold Bull review |
The takeaway
In this JM Bullion review, we’ve covered why it’s one of the best gold IRA companies right now. Its low premium on gold coins, low investment minimums, and strong reviews make it a solid choice for those who want to diversify their investment portfolios and retirement funds with gold.
