1. Stocks continue to roll off recent highs, while metals catch a bid
    Dismiss Notice
  2. Good Thu Morning! Gold is up 6.6 to 1252, and Silver is up 17 to 16.55. Crude is up 26 to 4279. The USD is flat at 9721
    Dismiss Notice
  3. Week of 6/10/2017 Closing prices & Chg Over Last Wk---- Gold $1271.40-- DOWN 8.80 Silver $17.22-- DOWN 30 Oil $45.83-- DOWN 1.83 USD $97.01 -- UP 37 TICS
  4. "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"
    Dismiss Notice

hi there, newbie here! *offers cookies

Discussion in 'Hello! New Member Incoming' started by kaine23, Jun 24, 2016.



  1. kaine23

    kaine23 New Member

    Joined:
    Jun 24, 2016
    Messages:
    13
    Likes Received:
    4
    Trophy Points:
    3
    Gender:
    Male
    Hi im chris from NJ. Im new to this and trying to find a footing. Need some help or pushes in the right direction. Bought a grain bar on ebay to try things out, like to add to that one day. is American Certified Bullion reputable? Sorry if im asking too much here.
     
    Last edited: Jun 24, 2016
  2. Weatherman

    Weatherman In GIM since 2006 Gold Chaser Site Supporter

    Joined:
    Mar 30, 2010
    Messages:
    2,414
    Likes Received:
    2,151
    Trophy Points:
    113
    Gender:
    Male
    Welcome to GIM! You are heading in the right direction just by posting here. You will get more responses if you expand your questions a little, so others like myself can better understand what you are asking. Post a link to a product or eBay sale if you want comments about it, and ask questions that interest you.
     
  3. kaine23

    kaine23 New Member

    Joined:
    Jun 24, 2016
    Messages:
    13
    Likes Received:
    4
    Trophy Points:
    3
    Gender:
    Male
  4. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

    Joined:
    Mar 25, 2010
    Messages:
    23,492
    Likes Received:
    24,699
    Trophy Points:
    113
    never heard of them, and not interested in spammers,
     
  5. kaine23

    kaine23 New Member

    Joined:
    Jun 24, 2016
    Messages:
    13
    Likes Received:
    4
    Trophy Points:
    3
    Gender:
    Male
    im not spamming. just asking if they're legit. google and ebay searches show little issues, thought id ask here also since you guys know best.
     
    Scorpio likes this.
  6. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

    Joined:
    Mar 28, 2010
    Messages:
    26,584
    Likes Received:
    28,885
    Trophy Points:
    113
    Occupation:
    Tech
    I prefer staying away from ebay. Too many fl-by-nights


    Try APMEX


    or JMBullion


    and welcome to the board! There's plenty of info of the kind you seek right here.
    You merely need to start looking around in the forms.
     
  7. Irons

    Irons Deep Sixed Site Supporter Mother Lode

    Joined:
    Mar 30, 2010
    Messages:
    21,639
    Likes Received:
    26,158
    Trophy Points:
    113
    Welcome aboard! The secret is out I guess ~ the darkside has cookies!

    zz1.jpg
     
    Glasgow, the_shootist and Uglytruth like this.
  8. kaine23

    kaine23 New Member

    Joined:
    Jun 24, 2016
    Messages:
    13
    Likes Received:
    4
    Trophy Points:
    3
    Gender:
    Male
    LOL thanks Irons!
     
  9. birddog

    birddog Gold Member Gold Chaser

    Joined:
    Feb 28, 2011
    Messages:
    2,300
    Likes Received:
    2,326
    Trophy Points:
    113
    Some of their products look a little iffy. Never heard of them before.

    I would try to stick with more popular items, like sovereign gold (eagles, maple leaves, European gold). British sovereigns, Swiss and French francs, Mexican pesos are some of the best ways to buy fractional gold. If you have to buy smaller gram bars, make sure they are assayed from the major mints like the Australian mint, PAMP suiesse, credit suiesse, perth mint, etc....

    If you can't afford that, buy silver from the same sources. I also think that 90% silver (pre 1964 US silver coins) is a great thing to pick up if you don't have a ton of money to spend.

    Welcome.
     
    Last edited: Jun 24, 2016
    Weatherman likes this.
  10. ToBeSelfEvident

    ToBeSelfEvident Gold Member Gold Chaser

    Joined:
    Apr 10, 2010
    Messages:
    1,297
    Likes Received:
    1,049
    Trophy Points:
    113
    Why would anybody buy 1 grain of gold? At $8/grain it would cost over $3800 for an oz.
     
    Hystckndle likes this.
  11. birddog

    birddog Gold Member Gold Chaser

    Joined:
    Feb 28, 2011
    Messages:
    2,300
    Likes Received:
    2,326
    Trophy Points:
    113
    I think we all probably made bad investment decisions when we started down the PM road. The OP is here to learn, let's teach.

    OP, it's a good idea to calculate out how much premium you are paying over spot per oz. if you do that you will see that your grain was very expensive. But lucky for you it was a small purchase.
     
    Irons and the_shootist like this.
  12. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

    Joined:
    May 31, 2015
    Messages:
    12,401
    Likes Received:
    12,028
    Trophy Points:
    113
    Occupation:
    Architect
    Location:
    Cow Hampshire
    To make that commitment to yourself about actually buying PMs. Everyone starts someplace.

    My advice is to listen and learn here. Unfortunately you're jumping in at a very volatile time which means you'll be learning under fire

    Good luck on your fine decision!
     
    oldgaranddad likes this.
  13. mayhem

    mayhem Другая перспектива Silver Miner Site Supporter

    Joined:
    Mar 30, 2010
    Messages:
    2,773
    Likes Received:
    3,171
    Trophy Points:
    113
    Occupation:
    Retired
    Location:
    New South America
    Havin a bad day eh?

    /s
     
  14. kaine23

    kaine23 New Member

    Joined:
    Jun 24, 2016
    Messages:
    13
    Likes Received:
    4
    Trophy Points:
    3
    Gender:
    Male
    Yeah that's how I pretty much came in at a couple retail jobs, and survived with flying colors. and a desire for alcohol. XD
     
    CrufflerJJ and the_shootist like this.
  15. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

    Joined:
    May 31, 2015
    Messages:
    12,401
    Likes Received:
    12,028
    Trophy Points:
    113
    Occupation:
    Architect
    Location:
    Cow Hampshire
    Then you'll be fine
     
  16. kaine23

    kaine23 New Member

    Joined:
    Jun 24, 2016
    Messages:
    13
    Likes Received:
    4
    Trophy Points:
    3
    Gender:
    Male
    Looking around ebay (the good and the bad) and the above listed links, 1/2 and 1 gram seems to be the lowest they sell bars at. I wanted to start with that as i learn, and go from there. Also tried my hand with 1 of silver too. shiny.

    That and i think there's a metal shop in my town i may look around tomorrow, and look around next time i go up to NYC (i live in jersey).
     
  17. Hystckndle

    Hystckndle Daguerreotype Fanatic Site Mgr Site Supporter ++

    Joined:
    Mar 28, 2010
    Messages:
    4,995
    Likes Received:
    3,873
    Trophy Points:
    113
    Occupation:
    Slave, but a little less every day
    Location:
    Central Florida
    Welcome !!!
    Thanks for coming aboard.
    Good advice up above.
    Yes, check out the per ounce price etc.
    There are various fractional offerings,
    Figure out what you can buy periodically and just hang in there doing it.
    Dont be a stranger will ya ?
    Regards,
     
  18. pitw

    pitw Gold Member Gold Chaser Site Supporter

    Joined:
    Jun 25, 2013
    Messages:
    2,782
    Likes Received:
    2,617
    Trophy Points:
    113
    Occupation:
    Custom pesticide applicator.
    Location:
    Eastern Alberta.
    Where are the cookies?
    Welcome
     
  19. Weatherman

    Weatherman In GIM since 2006 Gold Chaser Site Supporter

    Joined:
    Mar 30, 2010
    Messages:
    2,414
    Likes Received:
    2,151
    Trophy Points:
    113
    Gender:
    Male
    Maybe because buyers cannot determine if a few grains is real gold, or possibly something else that may (or may not) be plated with gold. That difficulty in verifying quality makes grams easy to resell to the few buyers who will just believe what they are told. :beer:

    My advice is to not pay the high premiums to buy any fractional gold. One ounce (or larger) silver has a much lower premium, and it is relatively easy to verify the quality by measuring weight, diameter, and thickness. If smaller sizes are needed, silver can be purchased in units as small a a dime, quarter, or half (1964 or earlier). The bonus in that approach is that silver will increase in price more than gold, once the banksters stop stepping on silver and allow it to reach its true market value.
     
    Last edited: Jun 25, 2016
  20. kaine23

    kaine23 New Member

    Joined:
    Jun 24, 2016
    Messages:
    13
    Likes Received:
    4
    Trophy Points:
    3
    Gender:
    Male
    Grams is the lowest most the places sell, so dont start at gram for bars?
     
  21. Weatherman

    Weatherman In GIM since 2006 Gold Chaser Site Supporter

    Joined:
    Mar 30, 2010
    Messages:
    2,414
    Likes Received:
    2,151
    Trophy Points:
    113
    Gender:
    Male
    I strongly recommend that you stop thinking about precious metal purchases sized in grains or grams or any other fractional sizes. Stick with the standard of troy ounces, at least until you have learned much more about the markets. If your budget is limited to purchases of less than $100. JM Bullion is likely to be the best place for you to shop because they offer quality products with free shipping. As your budget and knowledge levels increase, then other purchasing opportunities will become available for you to consider. Note the emphasis on troy ounces. If you are not very familiar with that standard, ramp up your level of experience with a web search for troy ounces. The link below is one I found and it is a good place to begin your journey.

    https://en.wikipedia.org/wiki/Troy_ounce

    Sellers who offer different units of measurement (like grains, grams, pounds, etc) may be OK, but there are also many con men who use unit confusion as a way to get more money from buyers who do not fully understand what they are buying. Stick with multiples of troy ounces, at least until you are sure about exactly what you are buying. Hope this helps.
     
    Glasgow, Goldhedge, JayDubya and 2 others like this.
  22. kaine23

    kaine23 New Member

    Joined:
    Jun 24, 2016
    Messages:
    13
    Likes Received:
    4
    Trophy Points:
    3
    Gender:
    Male
    even though JM sells in grams, ozs, etc?
     
  23. birddog

    birddog Gold Member Gold Chaser

    Joined:
    Feb 28, 2011
    Messages:
    2,300
    Likes Received:
    2,326
    Trophy Points:
    113
  24. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

    Joined:
    Mar 28, 2010
    Messages:
    26,584
    Likes Received:
    28,885
    Trophy Points:
    113
    Occupation:
    Tech
    Grains of gold?

    You'd be better off getting one of these pans right here and get to work!

    [​IMG]

    as you can see, it's really easy to find really large pieces of gold!


    Here's how it's done:

     
    searcher likes this.
  25. kaine23

    kaine23 New Member

    Joined:
    Jun 24, 2016
    Messages:
    13
    Likes Received:
    4
    Trophy Points:
    3
    Gender:
    Male
    so what's the easiest for a beginner to try with for gold or silver? the troy grams on jmb for gold good? i think im slowly getting this.
     
  26. chud

    chud Seeker

    Joined:
    Mar 31, 2010
    Messages:
    120
    Likes Received:
    87
    Trophy Points:
    28
    Occupation:
    Systems Administrator
    Location:
    The Alamo City
    One ounce silver coins such as American Silver Eagles, or Canadian (Silver) Maple Leafs are affordable enough for anyone.
    You can buy from places like Apmex or providentmetals.com
     
    Ensoniq and Goldhedge like this.
  27. kaine23

    kaine23 New Member

    Joined:
    Jun 24, 2016
    Messages:
    13
    Likes Received:
    4
    Trophy Points:
    3
    Gender:
    Male
    So im trying this again. Ended up getting my first silver american eagle coin and 1oz bar in apmex's chinese zodiac line.

    Received them the other day and they're beautiful! I think im liking collecting silvers now.
     
    Scorpio likes this.
  28. #48Fan

    #48Fan Silver Member Silver Miner

    Joined:
    Mar 14, 2014
    Messages:
    303
    Likes Received:
    180
    Trophy Points:
    43
    Gold panning in Jersey? Let me know how that goes hehe. Anyway, welcome.
     

Share This Page