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Wednesday, December 4th
JM Bullion was founded in 2011 by two individuals in a basement in Pennsylvania, and since then it has expanded into one of the world's largest precious metals retailers. Currently, JM Bullion dispatches more than 60,000 orders monthly and has achieved the distinction of being recognized as the #1 Fastest-Growing Precious Metals Company in the Nation on Inc. 500's list.
About 900 options in stock for buying gold
We recommend that you start your search for gold on the In Stock page: like many places where you can buy gold, JM Bullion lists an inventory of multiple types, like gold bars, coins, jewelry, and even shipwreck gold, but in-stock availability varies. At the time of our most recent visit to the site, we were excited to see that there were nearly 900 options ready for purchase.
Prices range from very affordable to super expensive
On the low end, we found quite a few Goldback Notes (if you're a collector of such things) for under $20, but the lowest price gold itself was a 1/2 gram Australian Gold Mini Roo Coin for $79.85. On the opposite end of the spectrum, JM Bullion had the usual one-kilo gold bars in the neighborhood of $60,000+, which was competitively priced among the sellers on our list. However, there was an absolute show-stopper in JM Bullion's inventory that we didn't see anywhere else: the 1935 402.122 oz US Assay Office at New York Manhattan Marvel Gold Bar, priced at "just” $925,000 for buyers paying by check or wire transfer.
The usual discounts for certain payment types
That brings us to another point: like most places to buy gold, JM Bullion gives you a discount when paying by check, wire, or even crypto. You'll see those discounted prices clearly displayed as you browse individual gold items in their inventory. And, also like many other gold stores, you'll get free shipping here if your order is over $199.
Storage offered through a partner vault
If you'd rather not keep your gold at home, JM Bullion offers storage through a partnership with TDS Vaults. You'll want to make those arrangements prior to making your purchase, so that your gold can be delivered directly to your vault account. That's not as seamless as some of JM Bullion's rivals, who offer storage as part of their own packages, but we appreciate having the option through a partner.
Some concerns arise from customer reviews
Reputation-wise, JM Bullion has us feeling a little conflicted. On the one hand, they have an "A+” and accreditation from the Better Business Bureau - but on the other, there were over 200 complaints filed with the BBB over the last three years. Granted, that flawless rating means that all of those issues have been addressed appropriately, but we don't love that so many investors had a problem in the first place. Many complaints describe rude customer service reps or items delivered that differed from what the customer purchased, and that's not what you want to hear when making an investment in gold.
Even the positive ratings are a little iffy
And yet, in other places, we found over a thousand five-star reviews, bringing JM Bullion to an overall average of 4.9 out of 5. Many customers offer praise for the ease of buying gold through this platform, and quite a few of those are return buyers. Still, as we looked even through those 4- and 5-star ratings, the comments often didn't align with the score: four stars for "fix the system, I could not buy because the system kept giving me errors”? Another 4-star review for "let me know when you get [specific type of gold bar] in stock”?
Good but not great
Don't get us wrong: we're not saying that there's anything fishy about JM Bullion. Their track record with the BBB is evidence enough that they're attentive to their business and responding to all complaints. But, when looking at other places to buy gold, there are several options out there that are doing a better job of not making mistakes in the first place. We'd suggest that you use JM Bullion as a backup if you don't find what you're looking for among its higher-ranking competitors.
If you're interested in buying gold, you're not alone. Buying gold online has seen a surge in popularity over the last few years. Several factors have converged to make this option increasingly attractive for investors and consumers alike.
Of course, buying gold has been a popular investment and store of value for centuries. One primary motive is as a hedge against economic uncertainty. In times of financial instability or inflation, investors seek assets with intrinsic value and a history of retaining worth. Gold, with its enduring allure and historical significance as a store of value, becomes an attractive option.
Regardless of global economic conditions, investors also buy gold to diversify their portfolios. This spreads financial risk across different asset classes, which can strengthen a portfolio. Additionally, gold has intrinsic value, as it's used in industries like jewelry and technology, creating demand that can support its price.
In recent years, online platforms have made it easier for people to purchase gold from the comfort of their homes. Buying gold online offers several advantages. First, it provides convenience. You can research, compare prices, and make purchases anytime, anywhere. Online platforms typically have a wider selection of gold products, from coins to bars, making it easier to find the exact type of gold you want.
Reputable online retailers typically offer lower premiums over the current market price, making it a cost-effective choice. And, of course, online transactions are secure and transparent, with most dealers offering multiple payment and delivery options.
So, if you're interested in buying gold online, where do you go? There are so many options out there, and not all of them are as reputable. As you consider which platform to use for your purchase, keep these factors in mind to make a comparison:
Buying gold online can be a practical and secure way to invest in this precious metal. To help you in your gold buying search, we here at Top Consumer Reviews have researched and ranked today's most popular sites to buy gold. We hope this information makes it easy for you to get the gold you're looking for!
Select any 2 Sites to Buy Gold to compare them head to head