Best JM Bullion Alternatives

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Contributor, Benzinga
March 9, 2023

Looking for alternatives to JM Bullion? With the variety of options available, choosing the best bullion provider that suits your investment needs can be challenging. JM Bullion is a well-known online precious metals dealer that specializes in gold, silver, platinum and palladium products. It's a useful platform for many investors and coin collectors, but it isn't the best option for everyone. Keep reading to learn more about the best JM Bullion alternatives.

What is JM Bullion?

JM Bullion is a reputable online precious metals dealer that specializes in selling gold, silver, platinum, palladium, copper and bullion. The company was founded in 2011, and it's already one of the fastest-growing companies in the precious metals sphere.

The platform is well-known for its impressive selection of precious metals and other products like copper coins and special colorized notes (often $2 dollar bills). JM Bullion's selection, competitive prices and smooth user experience make it a great choice for most coin collectors and some investors. However, it is missing a few key features that some investors shouldn't go without.

Pros and Cons of JM Bullion

JM Bullion has quite a few great benefits over many of its competitors including:

  • Incredible selection
  • User experience
  • Veteran discounts
  • Refurbished products

JM Bullion is not the best gold dealer for everyone because of these disadvantages:

  • IRA support: The platform doesn't directly offer precious metals IRAs. However, if you set up an IRA with its IRA partner, New Direction IRA, you can purchase the metals through JM Bullion and have them sent to your IRA.
  • Prices: While JM Bullion prices are usually competitive, they aren't always the lowest and are sometimes beaten out by platforms like SD Bullion.
  • No international shipping: JM Bullion only ships to U.S. addresses.

Best JM Bullion Alternatives

Now that you know why you may want to use a different platform, here are some of the best JM Bullion alternatives:

Advantage Gold

Advantage Gold is rapidly becoming one of the most popular precious metals dealers globally. It offers direct delivery and IRA purchases. It specializes in IRA rollovers, so it only takes a few minutes to roll over your IRA. Advantage Gold employs a team of knowledgeable customer service representatives that can help you through the process.

The main downside to Advantage Gold is that it has a smaller selection of coins and bullion. It offers a decent number of gold, silver, platinum and palladium coins, but they likely won't be the best option for historical or rare coin collectors.

Birch Gold Group

Birch Gold Group is an excellent precious metals dealer offering exceptional IRA services and direct delivery purchases. What sets it apart from the competition, however, are its informative educational resources. It provides investors with useful guides and info about the precious metals market to help them on their investing journey.

Opening a Precious Metals IRA with Birch Gold Group only takes minutes to start; once it is set up, you're ready to start investing in gold, silver, platinum or palladium. Its selection of bullion may not be extensive but will likely suffice for most investor needs.

Red Rock Secured

Red Rock Secured is a highly reputable precious metals dealer with some of the lowest fees in the industry and an accessible minimum investment requirement. Customers can buy coins and bullion for their IRA or have it delivered straight to their doorstep.

The selection offered by Red Rock Secured is great, but it doesn't quite match up to JM Bullion. It does offer circulated coins like 1964 JFK Half Dollars and Silver Walking Liberty Half Dollars as well as the most popular investment bullion like bars and proof coins.

American Hartford Gold

American Hartford Gold is a family-owned precious metals dealer based in Los Angeles, California. It was recognized as the #1 gold company by Inc. 5000's 2021 List of America’s Fastest-Growing Private Companies. It offers precious metal investments, from bars to coins, that can be purchased directly or through an IRA platform.

In addition to its wide range of metals available for purchase, American Hartford Gold also provides educational resources that are invaluable for new investors looking to enter the market. It will buy back your precious metals when you wish to sell them. The platform has a great reputation, and it consistently receives positive reviews. It's also recommended by influential people like Bill O'Reilly, Rudy Giuliani, Roman Balmakov and Dave Rubin.

Augusta Precious Metals

Augusta Precious Metals is an exceptional precious metals IRA platform with the mission to help savers and retirees invest in precious metals. It has one of the highest reputations of all gold IRA companies from its users and reviewers.

Augusta Precious Metals stands out for its mission to help savers by providing important educational resources about the market and its benefits. You can set up a precious metals IRA or buy directly. However, Augusta Precious Metals specifies a $50,000 minimum investment requirement, which might be too much for some investors.

Is Now a Good Time to Invest in Precious Metals?

Investing in gold and silver is an attractive proposition for many investors because of precious metals’ long-term track record of appreciation and their status as safe-haven assets. When the markets fall into turmoil, precious metals (especially gold) may beat the market significantly. However, investing in precious metals comes with significant financial risk. Despite their status as safe-haven assets, they can still be volatile.

Henry Stater

About Henry Stater

Henry is an expert in all things crypto. He stays up to date with all the latest coins, platforms and technologies in the field. He has particular expertise in the burgeoning decentralized finance ecosystem and loves trying out all the new platforms. He also always follows major events in other financial markets and geopolitics as a whole, especially when an event’s effects ripple through the crypto market.