How to buy silver at CMI Gold & Silver Inc.
Because silver prices can change by the second, all orders to buy silver coins and to buy silver bars must by placed by telephone so that prices can be locked in at the prevailing market. CMI Gold & Silver Inc. accepts orders Mondays through Fridays, 7:00 a.m. to 5:00 p.m. MST. However, because payments for all orders must be remitted same day orders are placed, orders must be placed early enough in the day to allow for remittance of payment the same day.
Orders to buy silver for up to $20,000 will be accepted without a deposit. For larger orders, deposits may be required. When a payment is received, CMIGS mails a copy of the invoice and a letter showing the scheduled day of shipment. When orders are shipped, CMIGS emails the tracking numbers to buyers.
Payment by wire transfer often means next day shipment. However, next day shipment is not always the case. Your broker will let you know, before you place any order to buy silver, the availability of the silver you are buying.
When payments are made by cashier's checks, personal checks, money orders or money market withdrawals, orders normally go to shipping three days after receipt of payment. However, banks are becoming more uncooperative about verifying that checks have cleared, and sometimes shipments of orders paid by any form of checks can be delayed for up to fourteen days. If your circumstances call for payment by check, discuss with your broker the likelihood of a delayed shipment.
If you pay by personal check, you can speed up shipment by going online and capturing (copying) the image of your cancelled check. Email us the image so that we can verify that the check has cleared. This method of verifying that checks have cleared is working very well for many of our clients.
How to buy silver for a quick shipment
If you want a quick shipment on your silver purchase, pay by wire transfer. Wire transfers are common banking functions, but in most cases wire transfers do require visiting the bank. To send a wire transfer, you simply sign a form that authorizes your bank to withdraw funds from your account, which can be either a checking account or a savings account, and send the funds to our bank. Normally, wire transfers are completed in one day.
Some banks do wire transfers at teller windows, some banks have special desks that handle wire transfers. Sending wire is quick and easy, with literally millions being sent daily in the U.S. Normal wire transfer fees are $15 to $20 a wire.
How your silver purchase is shipped
Silver orders are by either UPS or the Post Office, depending on several factors, such as the address, the weight of shipment and the value of the shipment. If you prefer one shipper over the other, discuss with your broker that preference to see if we can accommodate. All shipments are fully insured.
How to buy silver confidentially
CMIGS strives to ensure client confidentiality. We do not sell our customers' names, and we do not computerize transactions. Not putting transactions on a computer protects our clients from record theft. It also makes it difficult for someone to come in and demand to see who has bought precious metals from CMIGS. Furthermore, CMIGS does not even put clients' names on invoices, thereby providing even more investment privacy when you buy silver.
This became policy in the mid-1970s as CMIGS pioneered the bullion precious metals industry in Phoenix. One day a detective from the Phoenix Police Department's Burglary Division visited our offices. The detective had a question. "Do you know what a nightmare you're going to create for the Police Department and your clients, if copies of your invoices fall into the wrong hands?"
Because of that policeman's visit, CMIGS quit putting clients' names on invoices and started writing their names and addresses on 5"X 8" cards that are stapled to the invoices. After the clients receive their gold or silver, the cards are detached and destroyed.
Follow the link for more information about buying and selling gold and silver with CMI Gold & Silver Inc.
If you would like to discuss with a broker about how to buy silver coins or how to buy silver bullion, call us at 800-528-1380. We take calls Mondays through Fridays, 7:00 am to 5:00 pm MST.