CMI Gold & Silver Review

In today’s world, it’s important to keep your money safe, especially with how unpredictable things can be.

Many savvy individuals are investing in gold and silver, as they are considered safe and reliable assets. However, choosing the right company to assist with purchasing these precious metals can be challenging.

That’s where CMI Gold & Silver comes into the picture. They’re known for being very trustworthy and have a lot of experience.

Since 1973, they’ve been helping people make good decisions about investing in precious metals like gold and silver.

They’re based in Phoenix in USA, and have always focused on teaching their customers about investing while also making a profit for themselves.

In this CMI Gold & Silver review, I’ll really dig into what CMI Gold & Silver does, how they treat their customers, and the true value they offer.

Let’s find out why they might be the best at keeping your investments safe!

What is CMI Gold & Silver?

CMI Gold & Silver Inc. is a leading company that deals with gold and silver, located in the bustling area of downtown Phoenix, Arizona. You can find their offices on the 11th floor at 3800 North Central Avenue, inside the busy City Square area.

Even though they’re based in Phoenix, they help customers all over the United States, including places as far as Hawaii and Alaska.

This company started at a time when silver was super cheap, only $2.00 an ounce. It was founded by someone from Phoenix who knew a lot about Arizona’s mining world.

They began in 1973, believing that silver was going to become more valuable — and they were right. The price of silver went up to $50 an ounce in both 1980 and 2011.

Arizona is famous for mining, especially for copper and silver, making it the perfect place for a company like CMI Gold & Silver Inc.

When Americans could again own gold bullion in 1974, this company was one of the first to suggest that people should buy gold.

Since then, they’ve been all about helping their customers make good choices in the precious metals market. Gold, for instance, went from being worth $160 an ounce to over $2,200 an ounce, showing how good their advice was.

I think what’s great about CMI Gold & Silver Inc. is that they’re really focused on helping investors understand what they’re getting into.

They’re not just trying to make money from selling gold and silver. They offer advice based on what will make the most money for their customers, not what makes the most money for them.

They’re also strongly against selling overpriced items, and they put a lot of effort into teaching their customers about the risks and benefits of investing in precious metals. This kind of honesty and dedication is very important.

One way they help educate people is through Bill’s Blog, written by the company’s president, Bill Haynes. He talks about how different things happening in the world can affect the prices of precious metals. This blog is a great resource for anyone interested in precious metals.

What I really admire about CMI Gold & Silver Inc. is their promise to always look out for the customer’s best interest.

They focus on what will benefit their customers the most. Whether someone is looking to make a profit or just wants to keep their wealth safe, this company guides them in making the best choice for their situation.

Bill Haynes: President

Bill Haynes is the president of CMI Gold & Silver and has been working in investments for 50 years, with 45 of those years focusing on gold and silver.

He went to the University of Colorado and started leading CMI Gold & Silver in 1973. Bill believes that gold and silver are the best ways to keep your money safe when the value of money goes down.

He doesn’t support buying expensive collectible coins because they make more money for the sellers but don’t protect the buyers as well.

Bill writes blog posts to share his knowledge. He wrote a famous guide called Myths, Misunderstandings and Outright Lies, which warns about the risks of buying collectible coins. It’s a must-read for anyone new to investing in gold and silver.

With the government creating more money for various programs and wars, Bill thinks it’s more important now than ever to invest in gold and silver. Through his blog, he wants to help more people understand why owning gold and silver is a good idea.

Products Offered by CMI Gold & Silver

Let’s dive into what CMI Gold & Silver has to offer. I think it’s fascinating how they’re one of the oldest places you can buy precious metals from in the US.

They have a great selection that includes gold, silver, platinum, and palladium. Each type of metal comes with its own special deals and options, perfect whether you’re just starting out or have been investing for years.

Gold

At CMI Gold and Silver, they offer a wide selection of gold bars and coins, believing it crucial to provide their customers with choices that align with their investment goals and preferences.

Among their favorite gold coins are the American Eagle, the South African Gold Krugerrand, the Canadian Gold Maple Leaf, and the Perth Mint Kangaroo, alongside the distinct Mexican 50 Pesos.

They also offer unique coins like the Hungarian 100 Korona, Austrian 100 Corona and Philharmonic, Gold Buffalo Coins, and the classic $20 Liberty Gold Coins, as well as the $20 Saint Gaudens Double Eagle.

For those inclined toward gold bars, CMI provides options like the popular 1-oz Gold Bars and 10-oz Gold Bars. They also stock 100-gram Gold Bars and 1 kilo Gold Bars, emphasizing the kilo gold bars’ exceptional .9999 purity – essentially 99.99% pure gold.

Typically, these larger bars are sourced from renowned manufacturers like PAMP and the Royal Canadian Mint, both known for their stellar reputation in gold quality.

Gold Special: What is it?

CMI Gold & Silver’s Gold Specials are about offering exciting deals that provide extra value, all based on the current gold market price. They consider these specials a wise choice for buyers seeking both an investment and a slice of history.

Special items include collector favorites like the backdated 1/10-oz Austrian Gold Philharmonic and the more substantial 1-oz Canadian Gold Maple Leaf, praised for their high gold purity.

Another highlight is the British Gold One Sovereign, brimming with history and minted from 22 Karat gold, featuring the iconic design of St. George slaying a dragon.

The front design varies, depicting different English sovereigns depending on the minting year. They ensure their special deals are attractively priced over the current gold spot price, enabling their customers to acquire both an investment and a historical artifact.

Silver

I think CMI Gold & Silver offers a great variety of silver items for both people who are used to collecting and those new to investing. They have quite a few options.

You can find many silver coins like American Silver Eagles and Silver Maple Leafs, along with older coins such as Kennedy Half Dollars and Mercury Dimes.

They also have silver bars in different sizes, such as the popular 10-oz and 100-oz bars, some from well-known makers like RCM and JM. Plus, there are even bigger bars, like the 1,000-oz ones, for bigger investments.

They also provide different types of silver rounds. One of the most liked is the 1-oz Buffalo/Indian Head design and others are made by recognized brands like Sunshine Minting.

Each product that they offer is an opportunity to invest in silver with different amounts of money and preferences, fitting all sorts of investment plans.

Silver Special: What is it?

CMI Gold & Silver also has special deals on its silver items, which means you can buy premium silver at good prices.

These specials include offers like:

The 10-oz Provident Silver Bar is minted with .999 fine silver and comes in plastic. It’s usually only available in big quantities and includes shipping. The price is a little above the market rate, at spot plus $1.45 per ounce.

For beginners, they have an Asahi 100-oz. Silver Beginner Bundle. This deal lets you pick and mix over 100 ounces of various Asahi silver products. This offer is priced at $1.65 over the spot per ounce, and it comes with free, discreet shipping.

Then, there’s the 100-oz Academy Silver Bar – Stacker, which is great for stacking and can sometimes have tarnish, being from the secondary market.

It also has a minimum amount for ordering but comes with shipping included at a price slightly over the current market rate, at spot plus $0.25 per ounce.

They base these special prices on the current silver market rates, which makes it a good chance to get into the silver market, whether you’re new or have been investing for a while. Plus, you can always talk to one of their brokers for personalized advice on your purchase, which is handy.

Silver Beginner Bundle: Take an Advantage of it!

Offered by Asahi, this bundle lets you or me start off with 100 ounces of silver. And it’s not just any silver—it’s top-notch stuff with a price that’s pretty much a steal, only $1.65 over the regular market price for each ounce.

Here’s what’s cool about it:

• Variety: You can mix and match until you hit 100 ounces. They give you options like 10-ounce bars that are easy to handle and store or 1-ounce bars and rounds that are perfect if you need to turn them back into cash quickly.
• The Price: You really save money because you’re paying very close to the going rate for silver – only that extra $1.65 per ounce.
• It’s All Covered: They throw in shipping and insurance at no additional cost, so you know the silver gets to you safe and sound.

Lastly, silver’s price can jump a lot during good times in the market. Asahi is this reputable company from Tokyo with a good track record since 1952, making high-quality stuff that meets tough industry standards.

Here’s How it Works

Just a chat with them over the phone gets you set up to pick your preferred silver kinds. Once you pay, they package your order in a super low-key way and ship it without extra charges.

So, to start or grow a precious metals collection, this bundle seems like a fantastic deal. It’s about quality, getting more for less, and feeling secure with your investment. That’s why I reckon Asahi’s Silver Beginner Bundle is a solid bet for folks like us.

Platinum

Platinum is a precious metal that many people, including me, find really attractive for investment. Among the popular choices, coins like the American Platinum Eagle, Australian Platinum Koalas, and Canadian Platinum Maple Leaf stand out.

These special coins are made by governments, so they’re a little more expensive because they’re considered official money. I think it’s pretty cool how they have a bit more value beyond just the platinum in them.

For those who like to get straight to the point with their investments, platinum bars are a simple and usually cheaper way to own some platinum.

These bars and coins are almost totally pure platinum, which is great. The Platinum Maple Leafs and Perth Mint Platypus coins are easy to find and are favorites among many.

There are a few top places known for making trustworthy platinum bars, including Johnson Matthey, Credit Suisse, PAMP Suisse, Baird & Co., and Valcambi Suisse. I find it reassuring to know that these bars come from such reputable sources.

Johnson Matthey makes really accessible bars that come in groups, and they’re quite easy to deal with. I’ve noticed that Credit Suisse bars, which are actually made by another company called PAMP, are also straightforward and well-liked.

PAMP bars are presented in a really secure way, which I think is clever. For those looking into buying a bit more platinum at once, Baird & Co. has 5-oz bars, although you won’t find 10-oz bars for sale in the US right now.

Palladium

Investors interested in palladium have options like 1-ounce bars and coins to choose from. PAMP, a well-known refinery, offers 1-ounce palladium bars, while the Royal Canadian Mint has been making 1-ounce Palladium Maple Leaf coins since 2005.

These coins are easy to find today. Though PAMP bars are popular, coins from government mints are often preferred. However, PAMP bars tend to be cheaper than Maple Leaf coins.

How to Buy and Sell to CMI Gold & Silver

Trading precious metals with CMI Gold & Silver is a process you can easily follow. Here’s a close look at the detailed steps to buy and sell with them.

Buying Process

The buying process at CMI Gold & Silver involves a few critical steps meant to secure each transaction and ensure customer satisfaction:

1. Contacting CMI: Begin by calling CMI during their brokerage hours to place your order. This step is crucial as it allows you to lock in the prevailing market prices at the time of the call.
2. Locking in Prices: Once you contact CMI, the price is locked based on the current market rate. Remember, prices are volatile and can change by the minute.
3. Confirming Payment Method: Decide on your payment method. CMI accepts checks and bank wire transfers, but each has specific processing times and conditions:
   # Check:
   – Payment by a personal, company, or cashier’s check is accepted.
   – For checks less than $25,000, the release for shipment occurs after five business days.
   – For checks greater than $25,000, the product is released for shipment after ten business days.
   # Bank Wire Transfer:
   – Orders paid by wire transfer are generally shipped within 24 to 48 hours.
   – Ensure to initiate the wire transfer before your bank’s cut-off time.
4. Payment Confirmation and Invoice: Upon receiving your payment, CMI will send a confirmation email with an invoice included.
5. Shipping of Product: After payment clearance, your order is shipped. CMI notifies you by email with tracking information. Make sure to track your shipment using the provided tracking number.

Selling Process

Selling to CMI Gold & Silver is also methodically structured to facilitate a hassle-free transaction:

1. Visit Selling Page: Go to the designated selling page on the CMI website to start the process and understand specific details related to selling gold or silver.
2. Shipping the Product to CMI:
   # Same-Day Requirement: Following the price lock, you must ship the sold items on the same day.
   # Method of Shipment:
   – Always use Post Office Registered US Mail as it is the safest way to send valuables.
   – Purchase insurance for a minimum declared value of $1,000; CMI’s insurance covers the remaining value up to $150,000.
3. Locking in Prices: Just as with the buying process, ensure you lock in the prices at the time of your call to align with current market rates.
4. Receive Your Payment: Following receipt and verification of the shipped items, CMI will process your payment.

Payment Notes

CMI Gold & Silver does not accept credit cards, debit cards, third-party checks, checks drawn on foreign banks (including Canadian banks), or cash.

Shipping, Handling, and Insurance

• There is a $30 fee for orders below the threshold of three ounces of gold, platinum, palladium, or 100 ounces of silver.
• Shipping and handling are free for quantities exceeding those specified or as stated on special pages for gold and silver.

Trading with CMI Gold & Silver involves clear, straightforward steps to ensure secure transactions, whether you’re looking to buy or sell precious metals.

How Can CMI Gold & Silver Help You Set Up Your Precious Metals IRA?

Creating a precious metals IRA account with CMI Gold & Silver and GoldStar Trust Company is an easy way to include gold, silver, and other metals in your retirement savings.

Here’s a simple guide on how to do it:

Step 1: Get the Forms

First, you need to grab three important forms from GoldStar Trust Company:

1. GoldStar Trust Traditional IRA Application: This form is for starting a new IRA that holds precious metals.
2. GoldStar Trust Precious Metals Investment Direction Form: This form lets you pick the precious metals you want in your IRA.
3. Cash Transfer Request Form: Use this to move money from an existing retirement account to your new Precious Metals IRA.

Look for directions on filling out these forms correctly.

Step 2: Talk to CMI Gold & Silver

Next, call CMI Gold & Silver at 1-800-528-1380 and talk to a broker. They’ll help you understand the forms. If you can’t download the forms, ask them to mail you an IRA packet.

Step 3: Send in Your Paperwork and Money

Fill out the paperwork and mail it with a check to GoldStar Trust Company. The check will cover various fees, including:

• Administrative Fee: This yearly charge is 0.08% of your account’s value (at least $50 and no more than $250).
• Storage Fee: You’ll pay a yearly fee of 0.1% of your metals’ value for storage, with a minimum of $90.

You’ll also need to pay a one-time setup fee of $25 and a $40 fee for buying or selling metals.

Step 4: Choose Your Metals

Once your account has money, you’ll tell CMI Gold & Silver what metals to buy for you. You can pick gold, silver, and other metals. They suggest the American Gold Eagles as a good choice for gold.

Additional Information

• Storing Your Metals: GoldStar Trust Company keeps all the precious metals in a secure place called the Delaware Depository Services Corporation. Remember, you’ll pay a storage fee every year based on how much metal you have.
• Adding Money to Your IRA: You can start your GoldStar IRA with $5,000 and add at least $1,000 more anytime. If you’ve got another retirement account, you can easily move money from there to your new precious metals IRA.

Following these steps and working with CMI Gold & Silver will make starting your precious metals IRA straightforward, helping you build a retirement plan that includes valuable metals.

Download the CMI Gold & Silver App

I think you should check out the CMI Gold & Silver App if you’re into gold and silver trading. It’s super handy, giving you live prices and neat charts right on your phone.

You’ll find it on both the Apple and Google Play stores, which is great whether you’re using an iPhone or an Android. This app makes it super easy to keep track of the market anytime, anywhere.

What Can You Learn from Their Blog Section?

The resource page is filled with a lot of useful content that spans articles, blog posts, and highly recommended reading materials focusing on economics, precious metals, and other financial topics.

Here’s a detailed breakdown of what’s available:

Blog

In the blog section, you can find lots of different stories and information. Some of the standout pieces for me are the interviews with family influencers like Ron Paul and Bill Haynes, which give unique insights into the financial world.

You’ll also find articles analyzing key decisions by the Federal Reserve and their impact on the prices of gold and silver, which are super helpful for understanding market dynamics.

Apart from these, there are special articles on notable gold finds and field reports that are quite fascinating, such as “The Largest Gold Nugget in the US: The Hand of Faith.”

Each year and theme has its own category, so if you’re interested in a specific topic, like the Gold market of 2024, you can find it quickly.

Articles

The articles section is pretty rich with content. It covers news and predictions for the precious metals markets, insightful commentaries on various financial issues, and practical advice for traders of gold and silver.

I think it’s great that you can print these articles directly from the page, and there’s a handy email subscription option that lets you get current financial topics right in your inbox, which is quite convenient for keeping up with the latest trends.

Essential Reading

If you want to really understand money and the economy, the Essential Reading section is perfect. It features a range of books, from easy-to-understand guides to more in-depth scholarly titles.

For instance, “Gold, Peace and Prosperity” by Ron Paul is an excellent read that discusses why stable money is crucial for a thriving economy.

The books are grouped into helpful categories, so whether you are just starting to learn about these topics or you’re looking for expert-level content, there’s something here for you. You can buy these books on Amazon, and some of them even offer a PDF download for more convenience.

Lastly, it’s great that you can buy books directly from Amazon as mentioned on the page, making it easy to access some very enlightening reads.

Overall, this page seems like a treasure trove for anyone interested in understanding the intricate details of economic policies, financial markets, and particularly the exciting world of precious metals.

Customer Reviews and Ratings for CMI Gold & Silver

I think CMI Gold & Silver is doing a great job judging by what customers say online.

• They have an A+ rating and 23 reviews from the BBB, which means they’re really trusted.
• When I checked Yelp, I saw they got a perfect score from 6 reviews, which is super impressive.
• On Facebook, about two-thirds of people recommend them based on nine reviews, showing that most customers are happy.
• What really stands out to me is their Google My Business page, where 106 people have left reviews, giving them an average of 4.8 out of 5.

Moreover, CMI Gold & Silver is highly praised for great service, especially from Aaron and Dean, who are really helpful and honest.

Customers, some who’ve been with them for 15 years, say the company does business professionally and can be trusted, especially when buying or selling.

They also like the information and advice given to those new to bullion markets. Prices are good too, according to a review.

But, there’s one negative comment about bad customer service on the phone, warning others to stay away for a better experience.

What are Customers Saying About the Company?

CMI Gold & Silver Inc. (CMIGS) is getting lots of praise from happy customers.

• Thomas, who’s been with them for 20 years, says employee Dean is the reason he keeps coming back, making CMIGS top-notch in his eyes.
• Tom Whiteside trusts them completely, liking their friendly, learn-as-you-go service that feels easier than dealing with banks.
• Christopher Lewis talks highly of Aaron Green and the CMI team for being super knowledgeable and easy to talk to, making him a big fan.
• Madeleine Roble, who’s new to dealing with precious metals, found Aaron really helpful, making everything clear and simple, which made her very happy.
• Jeff, a regular for many years, loves how easy and straightforward it is to work with CMI, mentioning how great it was talking to Bill for his purchases.

Together, these customers highlight CMI’s standing as a dependable, educational, and easy-to-work-with company in the precious metals area.

Pros and Cons of CMI Gold & Silver

Let’s dig a bit deeper into what makes them stand out and what might be a downside. Here’s what I found to help anyone else looking to invest in precious metals make a more informed choice.

Pros:

• A wide variety of gold, silver, platinum, and palladium for buyers.
• They’ll buy back gold coins from you.
• You can pay with a bank transfer or a check.
• Prices get fixed when you make the order, so there are no surprises later.
• They have useful tips about gold IRAs and what you can include in them.
• The company acts with honesty and looks out for its customers’ best interests.
• Offers guidance for new investors in precious metals.
• With over 50 years in the business, they really know their stuff.

Cons:

• Help from customer service is only available on weekdays during certain times.
• The website can be slow to show when something is sold out.
• Some customers find it tough to get their money back if they return something.
• It’s not the best choice if you need a gold IRA custodian (they don’t offer this service).
• They’re not on Trustpilot, so it’s harder to find reviews and trust what they say.

Thinking about these pros and cons should really help if you’re considering using CMI Gold & Silver for buying precious metals, making sure the choice fits what you’re looking for in an investment.

Is CMI Gold & Silver a Legitimate Company?

CMI Gold & Silver Inc. is definitely a real and trustworthy company. They’ve been selling gold, silver, and other precious metals since 1973, which means they’ve been around for a long time and know what they’re doing.

Many people who buy from them and talk about them online seem to trust and like them a lot. In my opinion, finding a company you can trust is super important when you’re buying precious metals.

CMI Gold & Silver has a really good reputation for being honest and clear with their customers. Plus, they have a lot of different metals you can buy, which is great whether you’re investing or collecting.

From what I’ve seen, CMI is a good choice for anyone interested in gold and silver!

Conclusion

In my opinion, CMI Gold & Silver is a reliable place for anyone interested in investing in gold and silver. The company has been around for a long time and offers a wide variety of investment options.

What really stands out to me is how much they focus on teaching their customers. They make sure you have all the information you need to make decisions that are right for you.

Their commitment to making customers happy is clear, offering personalized service and being very open about how they do things.

For anyone looking to add gold or silver to their investments, CMI Gold & Silver Inc. seems like a trustworthy option.

BEST COMPANY

9.8

Goldco Precious Metals

• Goldco Surpasses $2 Billion in Precious Metals Placements
• Over 6,000 Five-Star Ratings on BBB, Trustpilot, and ConsumerAffairs
• Seven-Time Winer on the Inc. 5000 List

 

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