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hi there, newbie here! *offers cookies

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



  1. kaine23

    kaine23 New Member

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    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

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    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.
     
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  3. kaine23

    kaine23 New Member

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  4. Scorpio

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

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    never heard of them, and not interested in spammers,
     
  5. kaine23

    kaine23 New Member

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    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.
     
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  6. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

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    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

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    Welcome aboard! The secret is out I guess ~ the darkside has cookies!

    zz1.jpg
     
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  8. kaine23

    kaine23 New Member

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    LOL thanks Irons!
     
  9. birddog

    birddog Gold Member Gold Chaser

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    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

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    Why would anybody buy 1 grain of gold? At $8/grain it would cost over $3800 for an oz.
     
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  11. birddog

    birddog Gold Member Gold Chaser

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    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.
     
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  12. the_shootist

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

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    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!
     
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  13. mayhem

    mayhem Другая перспектива Silver Miner Site Supporter

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    Havin a bad day eh?

    /s
     
  14. kaine23

    kaine23 New Member

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    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
     
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  15. the_shootist

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

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    Then you'll be fine
     
  16. kaine23

    kaine23 New Member

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    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 ++

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    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

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    Where are the cookies?
    Welcome
     
  19. Weatherman

    Weatherman In GIM since 2006 Gold Chaser Site Supporter

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    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

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    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

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    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.
     
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  22. kaine23

    kaine23 New Member

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    even though JM sells in grams, ozs, etc?
     
  23. birddog

    birddog Gold Member Gold Chaser

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  24. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

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    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:

     
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  25. kaine23

    kaine23 New Member

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    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

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    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
     
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  27. kaine23

    kaine23 New Member

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    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.
     
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  28. #48Fan

    #48Fan Silver Member Silver Miner

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    Gold panning in Jersey? Let me know how that goes hehe. Anyway, welcome.
     
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  29. hammerhead

    hammerhead Not just a screen name Gold Chaser

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    Welcome kaine23. You are now hereby certified and the doctors will be with you shortly.

    Keep most of your personal info private on the webs. Members are a good group of people but a person doesn't have to be a member to read most of this site. And with the people you know, it is best to keep a tight lip.

    Metals are most often sold or purchased in reference to the spot price at the time of transaction. The spot price is for one troy ounce. When buying fractions of an ounce, do the appropriate math and expect to pay a premium over the spot price. Typically the smaller the fraction, the higher the premium. You will be hard pressed to finding a willing seller at or below spot prices. And if you find a deal that is too good to be true, pass on it.

    Check into the local coin stores. LCS for short. By building a relationship with someone you can talk to, you will have a good go to point for buying and selling if the dealer is honest. Look, touch, admire but be wise on your purchasing.

    Enjoy the ride and don't ever feel that a question is too dumb to ask. Unless it is really dumb. jk. There is a lot of info on this site. Read through past titles and you will learn bunches.
     
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  30. GOLDBRIX

    GOLDBRIX God,Donald Trump,most in GIM2 I Trust. OTHERS-meh Site Supporter Platinum Bling

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    Agree w/ birddog on this suggestion. Plus " Variety is the Spice of Life". Gold for maintaining wealth, Silver for barter strength. and Gun Metal and Ammo to protect your Gold and Silver along with foodstuffs.
    and
    WELCOME ABOARD Kane23
     
  31. GOLDBRIX

    GOLDBRIX God,Donald Trump,most in GIM2 I Trust. OTHERS-meh Site Supporter Platinum Bling

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    Yep, Like panning for Gold in KENTUCKY or mining for Silver, THEY AINT HERE.
    Now Coal, NatGas, and some oil, yep, but "No Shineys".
     

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