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The JM Bullion Automatic Investment Program (AIP) - the easiest and smartest way to build your precious metals portfolio, in just four simple steps:
- Pick your schedule: choose between weekly, bi-weekly, or monthly shipments of gold and/or silver.
- Choose your payment method: go with a credit/debit card for automatic payments, or choose paper check or bank wire for the lowest prices.
- Choose your products: Our entire product catalogue is available for AIP ordering, so your selection is vast.
- Set your investment amounts: Designate your targeted investment amount in US Dollars for each of your selected products. Then, when we automatically place your orders, we will ship you the largest quantity of each selected product you can afford, while staying below your targeted investment amount. This is dollar cost averaging at work, and is widely considered the smartest and most efficient way to invest in any asset.
Once you have set up your automatic investment, you can let it run as long as you wish. Our Program allows you to literally sit back and watch the metal stack up, with minimal ongoing effort on your part. There are no cancellation fees, and your pricing is exactly the same as it would be on normal, one time-only orders.
AIP Frequently Asked Questions
To learn more about the program, read our FAQ, below:
Products
Are all your normal products available for AIP investments?
Yes. Our entire product catalogue is available for automatic investments.
How does pricing work interval to interval?
When you create your Automatic Investment, you lock in pricing based on the spot price of silver and/or gold, plus our premiums on each product. These premiums will remain the same interval to interval, while the spot prices of silver and/or gold will change.
On the date of each interval at 12:00 PM EST, the spot prices of silver and/or gold are calculated, the premiums per product are added, and your product pricing is finalized.
How do the quantity discounts work?
Automatic investments receive the same quantity discounts as normal one time-only orders. If your Investment Amount is high enough to qualify for a quantity discount, that discount will be automatically applied to your product pricing each interval.
You can see all of the quantity discounts for each product on the third step of AIP creation - when you select your products and set your Investment Amounts.
How does "per unit" pricing work?
All of our product premiums are set as "per unit" premiums. This means that the premiums you see listed on our products and pricing page represent the amount over spot price you pay per unit of that product. A 10 oz silver bar with a $20 premium means you pay $20 over the spot price of 10 troy ounces of silver - not that you pay $20 over spot per troy ounce. The same goes for our percentage premiums - a 1/4 oz Gold American Eagle, for example, may have a 14% premium over the spot price of gold. This means that at the time of investment creation, we calculate the spot price of 1/4 troy ounce of gold, then add our 14% premium.
Payment Methods
Why are paper check and bank wire investments cheaper than credit/debit card investments?
We are able to offer a discount to paper check and bank wire investors, as the processing fees for those payment types are significantly less than the processing fees for credit/debit cards.
If I use paper check or bank wire, do I have to manually send payment each interval?
Yes. Paper check or bank wire automatic investments require you to manually initiate payment after the automatic creation of each order. You will receive an email each time an order is automatically created, which will contain either our mailing address or wiring instructions depending on your payment method. You then have two business days to either postmark your check or initiate your bank wire payment.
Why do I need to list a credit/debit card if I'm paying by paper check or bank wire?
We require a credit/debit card on file to both confirm your identity/address as well as enforce our Market Loss Policy should you fail to send payment for an automatically created order.
Investment Amounts
How do the Investment Amounts work?
Your investment amount is the maximum amount of dollars you wish to invest in each product per interval. At the time of automatic order creation, your product pricing will be calculated based on the current spot prices of gold and/or silver along with our previously fixed product premiums. Then, you will be billed for the maximum quantity of products you can afford while remaining below your Investment Amount. This system ensures that you are never charged more than you intended to invest, even as gold and/or silver prices move interval to interval.
Is it possible to be billed more than my Investment Amounts?
Yes. Investment Amounts do not include shipping charges, so it is possible, albeit unlikely, for your order total to slightly eclipse your Investment Amounts. It is an extremely rare event for an order to eclipse your Investment Amount, although it is technically possible if the spot pricing ends up just right.
Shipping
How does shipping work?
Our shipping policy for automatic investments is the same as our normal, one time-only order shipping policy:
- Orders < $100 – $5.95 – USPS First Class Mail (including Delivery Confirmation and insurance)
- Orders $100-$499 – $9.95 – USPS First Class Mail (including Delivery Confirmation and insurance)
- Orders $500-$2,499 – $19.95 – UPS Ground (including Signature Confirmation and insurance)
- Orders $2,500-$4,999 -$29.95 – UPS Ground (including Signature Confirmation and insurance)
- Orders $5,000-$14,999 – $44.95 – UPS Ground (including Signature Confirmation and insurance)
- Orders $15,000+ – FREE – UPS Ground (including Signature Confirmation and insurance)
Each time an order is automatically created, our system will determine the order's dollar amount and apply the related shipping charges.
Are shipments insured?
Yes. All shipping prices/methods include full shipping insurance to protect you in the event of a lost or damaged shipment.
Cancelation/Modification
How do I cancel an automatic investment?
Simply call us at 800-276-6508 or email us at support@jmbullion.com, and we will cancel your AIP immediately.
Are there any cancellation fees?
No. However, if you cancel your AIP after an order has already been created, that order will be subject to our normal Terms and Conditions including our cancellation and Market Loss policies.
Can I modify my AIP?
Yes. Simply call us at 800-276-6508 or email us at support@jmbullion.com to make modifications to your AIP.
Miscellaneous
Can you remind me when my orders will be created?
Yes. You will receive automatic emails the day before each automatic order is set to be created. This way you can cancel or modify the order if necessary before it is created.
Can you help me create an AIP?
Yes, absolutely. We realize the process can be a bit intimidating as the AIP is an entirely new form of investing, so feel free to call us at 800-276-6508 for help setting up your AIP.
Can you explain an example AIP?
Yes. Let's consider an example for a precious metals investor named Mike. Mike decides he wants to invest no more than $1,050 per month in precious metals, and would prefer to fund the investments with his credit card, as he doesn't have time to mail a paper check or initiate a bank wire transfer every month.
Mike would select "Monthly" on the Interval selection page. This means that his first investment will be placed today, and subsequent investments will be automatically placed every month. So assuming today is June 13th, 2012, his next three investments would come on July 13th, August 13th, and September 13th.
On the next page, Mike would select "Credit/Debit Card" as his payment method. Mike realizes that he will not qualify for the 4% discounts that paper check or bank wire payments provide, but he is willing to pay a small bit extra for the convenience of automatic billing.
On the next page, Mike would select his products and input his Investment Amounts. Mike wants to spend $550 per month on 1 oz SilverTowne silver bars, and his other $500 per month on 1 oz Buffalo silver rounds. He checkmarks both of those products, and inputs his $550 and $500 investment amounts on the right side of each product listing.
When he moves to the checkout page, he will see the details for his first order on the right side of the page. Mike's first order may total $1,025 or so, as he is billed for the maximum amount of each product he can afford while remaining below his investment amounts.
Mike will enter his billing and shipping details as well as his credit card details, and can then complete his checkout and finalize his AIP. Once he checks out, he will see his receipt for his first AIP order. This amount will have been automatically billed to his credit card. Then, each month Mike will receive a reminder the day before his next automatic order so he is ready for it and can modify/cancel if he wishes. One the day of order creation, his order will be placed at 12 PM EST using the up to the second spot prices as well as his previously agreed upon product premiums.
Mike can now let his AIP run as long as he wishes. His credit card will automatically be billed every month, and his orders are shipped out with no further effort. His silver products will literally just show up on his doorstep every 30 days for as long as he wishes.
