Goldco vs JM Bullion
Goldco & JM Bullion Comparison & Review
Key Takeaways
- Goldco offers a comprehensive range of gold IRA services, including Roth and Traditional IRAs, SEP IRAs, and 401k rollovers.
- JM Bullion is known for its straightforward approach, allowing investors to partner with any custodian of their choice for gold IRAs.
- Both companies have strong reputations, but Goldco receives slightly higher ratings for customer service and educational resources.
- Goldco’s white-glove service ensures a smooth IRA setup process, while JM Bullion provides competitive pricing on precious metals.
- Understanding the fee structures of both companies is crucial, as they can significantly impact your investment’s long-term value.
A Heads Up before getting deep into this comparison:
Having evaluated a great number of Gold IRA providers over the past decade or so I am well positioned and committed to providing you with comprehensive and informative content to empower your decision-making process. I've meticulously compiled a list of the top gold IRA investing companies, so you can easily compare and select the one that perfectly aligns with your needs. My in-depth research and analysis ensure that you have all the knowledge necessary to make an informed choice. Explore my handpicked selection of the very best Gold IRA Companies of by clicking here. Or save time and go straight to my review of Augusta Precious Metals, the gold IRA provider that I confidently recommend as the market leader in .
Goldco Overview
Goldco, a Los Angeles-based precious metals company, has been a trusted name in the industry since 2011. Their primary focus is on helping clients secure their retirement savings through precious metals IRAs. Goldco’s commitment to customer service and education makes them a standout choice for investors seeking guidance and support.
One of Goldco’s key offerings is their extensive range of IRA options. They provide services for Roth and Traditional IRAs, SEP IRAs, Simple IRAs, and 401k rollovers. This flexibility allows investors to choose the account type that best suits their financial goals and tax considerations.
Goldco also emphasizes education, ensuring clients understand the benefits and risks associated with precious metals investing. Each client is paired with a dedicated account representative who provides tailored advice and guidance throughout the investment process. This personalized approach helps investors feel confident and informed about their decisions.
JM Bullion Overview
One of the standout features of JM Bullion is their user-friendly website, which makes it easy for investors to find and purchase IRA-approved metals. The company provides transparent pricing and detailed information about market trends, helping investors make informed decisions.
JM Bullion’s focus on customer satisfaction is evident in their positive reviews and ratings. They are known for their competitive pricing and efficient service, making them a strong option for those looking to invest in precious metals.
Gold IRA Services
Goldco’s Gold IRA
Goldco offers a streamlined process for setting up a gold IRA, ensuring a hassle-free experience for clients. Their white-glove service includes expert guidance throughout the setup process, from selecting the right account type to completing the necessary paperwork. This attention to detail helps investors avoid common pitfalls and ensures their investments are properly managed.
Goldco’s focus on education ensures that clients understand the intricacies of precious metals investing, empowering them to make informed decisions.
JM Bullion’s Gold IRA
JM Bullion takes a different approach to gold IRAs by allowing investors to choose their own custodian. This flexibility can be appealing to those who already have a preferred custodian or want to shop around for the best rates. Once a custodian is selected, JM Bullion supplies the precious metals for the self-directed IRA account, while the custodian handles transactions and IRS compliance.
While JM Bullion’s approach may require a bit more legwork on the part of the investor, it also offers greater control over the investment process. Their transparent pricing and extensive selection of IRA-approved metals make it easy for investors to build a diverse portfolio.
Years in Business / Minimum IRA Investment Comparisons
| Started in Business | Minimum IRA Investment Levels | |
| Goldco | 2011 | No purchase minimums |
| JM Bullion | 2010 | No account minimum |
Independent Ratings Compared
Ratings at Better Business Bureau (BBB), Business Consumer Alliance (BCA) and Trustlink:
| BBB | BCA | Trustlink | |
| Goldco | A+ | AAA | 5 out of 5 Stars |
| JM Bullion | A+ | C | 1 out of 5 Stars |
Industry-wide Accreditations & Reputation Compared
Accreditations and industry reputation play a crucial role in determining a company’s reliability and trustworthiness. Goldco is recognized as one of the top precious metals companies, consistently ranking highly on various industry lists. Their commitment to education, personalized service, and transparent business practices has earned them accolades and a strong reputation among investors.
JM Bullion, while not as widely accredited as Goldco, has built a solid reputation through competitive pricing and a user-friendly platform. Their approach to precious metals investing, combined with positive customer feedback, has established them as a reliable option for both new and experienced investors.
In terms of industry reputation, both companies are well-regarded, but Goldco’s additional accreditations and consistent recognition give them a slight advantage. This recognition underscores their dedication to providing high-quality service and maintaining industry standards.
Complaints Compared
Complaints registered at Better Business Bureau (BBB) and Business Consumer Alliance (BCA):
| BBB | BCA | |
| Goldco | 48 complaints closed in last 3 years
28 complaints closed in last 12 months |
1 in last 3 years |
| JM Bullion | 146 complaints closed in last 3 years
36 complaints closed in last 12 months |
1 in last 3 years |
Gold IRA Fees Compared
| Set up Fees | Admin Fees (annually) | Storage Fees (annually) | |
| Goldco | $50 + $30 wire fee | $80 | $150 for segregated $100 for non-segregated |
| JM Bullion | $30 – $60 (dependent upon Custodian) | $100 – $250 (dependent upon Custodian) | $150 for segregated $100 for non-segregated |
Client Education and Resources Compared
Goldco places a strong emphasis on client education, offering a wealth of resources to help investors make informed decisions. Their educational materials cover a wide range of topics, from the basics of precious metals investing to more advanced strategies. This comprehensive approach ensures that investors of all experience levels have access to the information they need to succeed.
JM Bullion also provides educational resources, though their offerings are not as extensive as Goldco’s. Their website features a range of articles and guides that cover essential topics, but they do not offer the same level of personalized support. Investors who prefer a more hands-on approach may find Goldco’s resources more beneficial.
Customer Service and Support Compared
Customer service is a critical factor when choosing a precious metals company, and both Goldco and JM Bullion excel in this area.
Goldco’s commitment to customer satisfaction is evident in their high ratings and positive reviews. Each Goldco client is paired with a dedicated account representative who provides personalized advice and guidance throughout the investment process. This level of support is invaluable, especially for new investors who may be unfamiliar with the intricacies of precious metals investing.
JM Bullion also receives high marks for customer service, with many clients praising their efficient and friendly support team. While they may not offer the same level of personalized service as Goldco, their commitment to resolving issues quickly and effectively makes them a reliable choice for investors.
Buyback Programs Offered
Goldco’s buyback program is a standout feature, offering clients the option to sell their precious metals back to the company at competitive prices. This program provides flexibility and peace of mind, knowing that you can easily liquidate your assets if necessary. Goldco’s buyback process is straightforward and efficient, making it an attractive option for investors.
JM Bullion also offers a buyback program. However, it is worth noting that customer feedback indicates that the selling process may not always be as smooth as that of Goldco. Several investors have reported instances of delays and occasional communication challenges when attempting to sell their precious metals back to JM Bullion.
New IRA Customer Incentives
| Incentive #1 | Incentive #2 | Incentive #3 | |
| Goldco | Up to 5% back in free silver when you invest $50,000-$100,000 | Up to10% back in free silver when you invest $100,000+ (no maximum) | First year fees waived for IRAs above $50,000 |
| JM Bullion | None advertised |
My Verdict: Why Goldco comes Out on Top
Goldco emerges as a prominent industry leader, excelling in various aspects. These include top ratings, dedicated customer support, competitive pricing, exclusive offers and exceptional educational resources. By prioritizing customer satisfaction and offering a comprehensive range of services, Goldco consistently sets a high benchmark for those seeking to invest in precious metals through an IRA.
About the Author: Doug YoungDoug is a highly experienced professional and widely trusted authority in financial investing, commodity trading, and precious metals. With over 20 years of expertise, he helps others make informed decisions by sharing a combination of personal experience, extensive knowledge and meticulously researched information on gold IRAs, precious metals investing and retirement planning. He regularly writes news items on these topics. He has considerable experience of evaluating Gold IRA and Precious Metals Companies, gained over a period spanning more than a decade.
See full bio
