Phoenix, Arizona’s Premier Gold and Silver Dealer
Headquartered in Phoenix, Arizona, CMI Gold & Silver Inc. is one of the oldest gold and silver dealers in the United States and has played a major role in introducing investors to the gold and silver markets. Although domiciled in Phoenix, Arizona, CMIGS buys and sells gold and silver with investors across the United States.
Why Phoenix, Arizona?
Because Arizona is the nation’s largest copper producing state and the nation’s fifth-largest silver producer, Phoenix is also the home of major mining companies. In 1973, when silver was only $2.00, CMIGS’ founder, a longtime Phoenix resident with ties to Arizona’s mining interests, recognized the growing uses for silver and the dwindling silver stockpiles would result in higher silver prices. Consequently, CMIGS was launched to sell silver bullion to investors. In 1980, silver topped $50.
When Americans regained the right to own gold bullion on December 31, 1974, CMIGS became one of the first dealers in country to recommend buying gold. The following year, gold averaged $160 and in 1980 hit $850.
As a gold and silver dealer, CMIGS’ mission 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. We also consider it our responsibility to warn investors to avoid telemarketer-promoted gold and silver coins that are grossly overpriced. (See Myths, Misunderstandings, and Outright Lies and Old U.S. Gold Coins.)
CMIGS also has as its mission the education of precious metals investors as to the benefits–and dangers–of the precious metals markets. We do this through this website and Bill’s Blog, on which Bill Haynes, CMIGS’ president, writes about economic, political and social developments that affect precious metals prices.
We will recommend only those precious metals investments that we believe will provide you the biggest profits, not the ones that provide us the biggest profits. We also recognize that many people buy precious metals not for “profits” but for “insurance.” In such cases, we recommend the precious metal that we believe will meet those goals.
has headed CMIGS since its 1973 inception. He is a graduate of the University of Colorado with a Bachelor of Science degree in Finance. Before moving to Phoenix, Arizona, Bill was a stockbroker in Denver, Colorado; he received his training for that profession on Wall Street. Today, Bill has the pleasure of working with the offspring of his 48-year marriage.
Bill Haynes is a regular guest commentator on King World News’ Weekly Metals Wrap, which is released Saturdays. Be sure to listen each week for Bill’s comments on the metals market.
has been with CMIGS for fifteen years, having joined CMIGS after nine years with a large food wholesaler where he worked in marketing. Mike oversees all operations at CMIGS. He has an Associates Degree from Glendale Community College.
received a degree in French Studies from Brigham Young University and has lived in Europe where she became fluent in French. Before joining CMIGS, Shannon worked in customer relations for two marketing firms. She handles special projects for CMIGS.
works on marketing and advertising. Adam holds a Justice Studies degree from Arizona State University, where he graduated magna cum laude.
The minimum orders for bullion purchases at CMIGS are five ounces of gold or platinum; ten ounces of palladium; two hundred ounces of silver. The minimum order for pre-1965 “junk” 90% silver coins is a $250 face value bag, which is approximately 178.75 ounces of silver. At times, smaller quantities are available on our Gold Specials page and our Silver Specials page.
CMI Gold & Silver Inc.
3800 N. Central Ave. 11th Floor
Phoenix, Arizona 85012