This is a short review of the CMI Gold and Silver. What is CMI Gold and Silver? Another gold bullion scam or is it the real deal? Let’s dig in and find out!
Product: Gold and Silver bars and coins.
Owner: Bill Haynes
Price: Depends on your investment.
Who is it for: Investors
Overall rating: (4 / 5)
Important to mention before we continue with the review:
We always strongly recommend doing your research online before you choose a company to invest with. There are so many reviews online of clients being ripped off and scammed, especially when it comes to so-called “hidden fees”. So please investigate thoroughly before you make your decision.
**To see our #1 safe and recommended IRA custodian click here!
With that being said, let’s continue with the review!
What is CMI Gold and Silver – Overview
CMI Gold and Silver was founded in 1973 in Phoenix, Arizona by Bill Haynes. It is a company that sells gold and silver bullion bars and coins and is one of the oldest precious metals dealers in the US. Mike Haynes is listed as the CEO on the company website (April 2018).
How does it work?
If you are interested in doing business with CMI give them a call at 800 528 1380.
The precious metal prices change all the time, therefore the company has a rule that all orders have to be made by phone. When selling metals the items sold must be shipped the same day. CMI accepts payment by check or by bank wire transfer.
When an order is shipped, CMI contacts the buyer with a tracking number and an expected date of delivery.
The products and services offered
- Gold and Silver Bars
- American Gold Eagles
- American Silver Eagles
- Backdated Silver Eagles
CMI Gold and Silver offers to help out with setting up an IRA account through GoldStar Trust Company. After the funding has been approved the customer can buy products from the company to put in the IRA account.
What about the fees?
- “the annual storage fee for a precious metals IRA is .1% with a minimum of $90 and no maximum. Example: annual storage fees on an IRA valued at $200,000 would be $200; annual storage fees on an IRA valued $2,000,000 would be $2,000.”
- Setup Fee: $25 for a one time only charge.
How is the support?
The website offers a lot of information about precious metals, rules, and regulations. They even have a section where they go through different selling techniques that salesmen often trick their customers into buying products. It is definitely interesting to read if you have time to see all the things you shouldn’t fall for as a buyer. Most of the customer reviews I came across claims that CMI had good customer service.
Are there any red flags?
You should always review and compare different investment companies against each other before you make a final decision.
Below I have listed the most trusted and well-known review and rating sites online to see what score they have given CMI Gold and Silver as this is a good indication of how good the particular company performs and treat their clients:
Score: Not rated.
Score: Not listed.
Score: (5 / 5) (based on 1 review)
Score: Not Listed.
Is CMI Gold and Silver a Scam?
No, CMI Gold and Silver is not a scam. It seems like a good company with great ethical values who really has their customer’s best interests at heart.
Are there better alternatives out there?
YES! There are a few ones I would consider better alternatives but the absolute best one I can recommend is; GOLDCO.
Goldco offers precious metals, and Gold IRA to its clients with expert support. It is easy to get started by going to their website where you find all the information you need to get going.
- Ethical company.
- Informational website.
- Long history in the business.
- Not a real Gold IRA custodian.
- Not listed on Trustlink
Final words and verdict
CMI is a company that really seems like a good idea for anyone looking to expand their portfolio of precious metals collection. They bring the knowledge and offer tips for not falling for pushy telemarketers. The fact that they have been around for over 40 years now tells me they aren’t going anywhere soon.
Overall rating: (4 / 5)
I hope you found this review on what CMI Gold and Silver is to be helpful and that you found it interesting. Please, make sure to share your experience with us if you have any in the comment section below as it can help others. Also, if you have any questions about this review we will be more than happy to answer them below!
Please, if you think this review can help others make sure to share it by using the share buttons below! (Facebook, Twitter, etc)
I wish you the best life has to offer!
Writer and team member of Gold Retired.