CMI Gold & Silver Review

When investing in gold, silver, and other precious metals, it is essential to know that you are working with a company that you can trust – as well as one that will offer a well-diversified selection of products for your retirement portfolio. This is especially the case when taking the extra step and placing these metals in a self-directed IRA.

CMI Gold and Silver, Inc. has been in the business of selling precious metals since the mid-1970s. It is one of the oldest metals dealers in the country – and because of this, the company has played a key role in introducing investors to the gold and silver metals market.

Although CMI is headquartered in the Phoenix, Arizona area, because it offers its products online, the company sells to investors and collectors who are located all over the United States. The company also offers investors the option of placing their metals investments in a self-directed IRA account. This can allow for the tax-deferral of growth – essentially compounding returns over time.

The primary mission of CMI Gold and Silver is to “guide and direct investors into the precious metal that best fits their investment goals, while offering the lowest prices available. This includes advising investors as to which precious metal, in CMIGS’ analysis, holds the greatest upside potential.”

Products Offered By CMI Gold and Silver

CMI offers a wide variety of gold and silver bullion, coins, and bars. Each of these investments can help investors to achieve different goals. For example, gold coins can provide a nice hedge against currency debasement and devaluation. While gold bullion coins, alternatively, sell at small premiums over the value of their gold content and can oftentimes make very good gold investments overall. Some of the top selling gold products that are offered through CMI Gold and Silver include:

  • American Eagle

  • South African Gold Krugerrand

  • Canadian Gold Maple Leaf

  • Perth Mint Kangaroo

  • 1 Ounce Gold Bars

  • 10 Ounce Gold Bars

  • 100 Gram Gold Bars

  • 1 Kilo Gold Bars

The silver market also offers a number of different bullion products. CMI offers many different silver products, which include rounds, bars, and coins. Some of the top selling silver offerings from CMI include the following:

  • American Silver Eagle

  • Walking Liberty Half Dollars

  • 1964 Kennedy Half Dollars

  • RCM 100 Ounce Silver Bars

  • JM 100 Ounce Silver Bars

  • 10 Ounce Silver Bars

  • 1 Ounce Silver Rounds

CMI will also offer various gold, silver, and collectible specials. For example, it may provide various hard-to-find coins for sale on its website for sale in limited quantities and / or for a limited time.

Precious Metals Shipping and Delivery

For orders that are less than 10 ounces of gold, platinum, or palladium, and 500 ounces of silver, there is a $30 shipping, handling, and insurance fee. Shipping and handling is free for quantities that are in excess of these amounts.

Orders are typically shipped either via registered, insured U.S. Mail, or insured UPS. However, large orders are sometimes shipped through Brinks. Buyers are notified when shipping occurs. This notification is usually via email. Tracking is provided. This will enable the purchaser to verify the date of the shipping, as well as when to expect delivery.

How to Open an IRA Account

Getting a precious metals IRA account open is an easy process via CMI Gold and Silver. The forms that are needed can be downloaded directly from the company’s website, as well as the directions for how to correctly fill out each of the forms.

There are only certain types of precious metals that are allowed to be placed inside of a metals IRA account. Many of these are carried by CMI. If investors need assistance with choosing the proper metals for their IRA account, an account advisor is always available to assist in determining which metal or metals will work best for an individual, based on their specific goals and needs.

There are also many advantages to having a self-administered IRA. Here, an investor can actually own physical gold or silver, and they can have the option of taking delivery of the metals when they liquidate. An investor may also qualify for self-storage of the metals.

The steps in opening an IRA account are simple. These include:

  • Completing the account forms to get the IRA account open

  • Funding the account via a deposit of cash, the transfer of funds from an existing IRA and / or other eligible retirement account – or both

  • Purchasing the proper metals that best fit financial needs

CMI Gold and Silver Customer Service

The customer service representatives at CMI Gold and Silver are well versed in the precious metals market. They can help investors in determining which metals will best work in their particular situation.

Reps can be reached via email, as well as through the company’s toll-free phone line during business hours. These hours are 7:00 a.m. through 5:00 p.m. Mountain time each weekday. (It is important to keep in mind that Arizona does not go on Daylight Savings time. So, during the summer months, CMI Gold and Silver is effectively on Pacific time).

The CMI Gold and Silver company website offers a lot of education to its visitors. This can help to ensure that those who do end up becoming investors with the company will have an understanding of why metals make good investments, as well as how to value the various metals for one’s portfolio.

CMI is unique in that it has a link on its website titled “Horror Stories.” This page provides stories about investors who purchased from unprofessional metals dealers, purchased the wrong metals product for their needs, or had other bad experiences. These stories can help investors to learn from others’ experiences.

Website visitors can also download an app to their mobile device that will provide them with the most updated quotes for gold, silver, and other precious metals. This can be helpful when considering the purchase of metals, as well as after purchasing metals and following one’s portfolio over time.

Company Ratings and Grades

CMI Gold and Silver has been an accredited company with the Better Business Bureau since December 16, 1999, and it has a grade of A+ with the BBB (on an overall grade scale of A+ through F). Throughout the past three years, the company has had 0 complaints filed through the BBB.

There is, however, no information listed about CMI Gold and Silver on Business Consumer Alliance (BCA) or on TrustLink – which are two of the primary agencies that follow these types of businesses and that post consumer reviews.

The Bottom Line

For anyone wishing to own a well-diversified portfolio of gold and silver products, it is important to know that the underlying company that you are purchasing these metals through has experience in the industry and is well respected.

CMI Gold and Silver is not only one of the oldest metals dealers in the U.S., but it is also one of the most well respected. Knowing this should give investors and potential investors a positive feeling going into a potential transaction with this particular metals dealer.

See how CMI Gold & Silver compares to other Gold IRA Companies