Posted on October 01, 2021
On September 30, 2011, JM Bullion was officially founded as an online precious metals retailer. Founded at a time of unprecedented demand for gold and silver amidst record prices for both metals, JM Bullion made its first forays into the market. Now, a decade later, JM Bullion has enjoyed strong, continuous growth that has seen it become one of the market leaders in the precious metals industry. From a two-man operation to a company with a diverse workforce dedicated to providing a first-class experience when buying precious metals.
When JM Bullion was founded in 2011, the company was based out of Pennsylvania. A small operation with just two employees at first, JM Bullion would operate out of Pennsylvania until the summer of 2014. At that time, the company relocated to Dallas-Ft. Worth, but the journey was just beginning. The move to the DFW Metro Area allowed JM Bullion to tap into a population of 7.1 million residents to build a team of talented individuals that would help the company grow in the years to come. Within months, the move was paying dividends as JM Bullion reached a total of 100,000 customers just after its third anniversary. Within a year, Dallas 100 had ranked JM Bullion as the #1 Fastest-Growing Mid-Market business in the DFW Metro Area.
Over the next several years, JM Bullion would reach one milestone after another as it racked up achievements and accolades from industry watchers. In 2016, JM Bullion was ranked #40 on the Inc. 500’s list of the fastest-growing private companies based on its revenue growth. That same year, JM Bullion also released its first branded silver bullion item in the form of a JM Bullion Silver Round. Other accomplishments to happen during this time period included growing our customer base to 500,000 in 2018, expanding our offerings to include 2,000-plus unique items, and shipping our 2 millionth order.
During this period of rapid growth for JM Bullion, our CEO and founder, Michael Wittmeyer, was honored by EY as a 2019 Entrepreneur of the Year. This honor was awarded in the Retail and Consumer Products category and is given to entrepreneurs who have established a track record in guiding high-growth, market-leading companies.
2020 was, by a number of measures, a record year for JM Bullion. We not only surpassed $3 billion in total sales over the course of company history, but also surpassed $1 billion in sales in a single year for the first time ever. Our workforce has grown from those two daring entrepreneurs in 2011 to a team of nearly 100 individuals working hard to make this company a leader in the precious metals industry.
In early 2021, JM Bullion was acquired by A-Mark Precious Metals in an exciting deal that allows us to continue to spread our wings and build a company that will be versatile and adaptive in meeting the demands of the precious metals industry. As we chart a new path forward, we will continue to expand our offerings and services to ensure that JM Bullion’s dedicated customer base has access to all the best the precious metals industry has to offer.
JM Bullion’s growth over the course of time wouldn’t be possible without the trust and continued support of our customer base. At the same time, the ever-growing team of employees at JM Bullion works diligently to make sure that each customer’s experience with our company, from start to finish, is an exceptional one. Thanks for your support over the last decade and here’s to another exciting decade ahead!