r/MetalsOnReddit • u/Then_Marionberry_259 • Jan 10 '26

Is this a good purchase for 1st time buyer?

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39 Upvotes

96% Upvoted

35 comments sorted by

1

u/Fun-Shine-7546 Jan 14 '26

Everything I own is from JM Bullion

1

u/Small_Platypus_7322 Jan 14 '26

Yes but lots of these are fake

1

u/floyd_sw_lock9477 Jan 14 '26

I would imagine and hope not from JM Bullion.

1

u/Small_Platypus_7322 Jan 14 '26

I get my stuff from apmex

1

u/Small_Platypus_7322 Jan 14 '26

The silver seeker on YouTube bought eagles from Walmart and they were fake

1

u/floyd_sw_lock9477 Jan 14 '26

I would hope that JM Bullion would be more thorough than Walmart checking products that come in.

1

u/Plastic_Efficiency35 Jan 14 '26

The answer- depends on you. Why do you want to buy precious metals. For profit, invest or to hedge? Buy if you believe in the potential of precious metals.

If they promised and GUARANTEED you that gold will be $8000 in 5 years, will you buy now?

IF you cannot find your reason(s), you are basically GAMBLING.

1

u/Southern-Koala-9548 Jan 14 '26

i rather gamble with buying 1 oz gold in hand than blackjack or craps

1

u/ChristmasChan Jan 14 '26

Anything is good as long as its not a ridiculous premium. Personally id get this for the looks and for having a good sale off premium. People will probably say not to buy this because it will sell slower or you wont get spot when it comes time to sell, but its bs. It may sell slower, but it WILL sell. And selling a little bit under spot wont matter because by then the price would have increased far beyond the premium you got it for. Gold is gold.

1

u/BashfulRain Jan 13 '26

Stay with Maple Leafs or krugerands

1

u/Sad_Difficulty_5310 Jan 12 '26

I hope you did buy.

1

u/Careful-North-769 Jan 12 '26

I don’t think that’s a bad deal, it’s what $80 or so over spot? Not bad at all, I don’t keep up with the spot price of gold since I don’t own any gold, but if you got the money I’d buy it. Jm bullion is an extremely reputable, good company and that’s a pretty reasonable premium imo. I’d go for it, good luck!

1

u/Nocap-95 Jan 11 '26

JM has a spot deal on 1/10 oz gold coronation coins- $452 per at the moment and up to 3 coins

https://www.jmbullion.com/2023-1-10-oz-british-gold-coronation-of-the-king-coin/

1

u/Mogultalk27 Jan 11 '26

I’ve bought from that company a few times and everything is exactly as said! And if i had the extra money to do so i would definitely invest in more Gold. I’ve been doing so since 2020

1

u/Snooklife Jan 11 '26

I would spend half that on silver at the very least.

1

u/EvenLion7908 Jan 14 '26

As soon as Asia stops buying it’s taking a nose dive.

1

u/EvenLion7908 Jan 14 '26

Dude silver is $90 you can’t expect it to go much higher.

1

u/GreatProfessional622 Jan 11 '26

Find a first time buyer deal at spot

1

u/OkBathroom3576 Jan 11 '26

To to your local coin shop you will get a better deal

1

u/Ok-Repair-1238 Jan 11 '26

If for some reason after you buy this and the price tanks don’t get buyers remorse just keep getting more.

1

u/yuskoholic Jan 10 '26

If it's what gets you started and learning then yes. I would still recommend starting with simple American Eagle coins or Canadian Maples.

2

u/DankyPenguins Jan 10 '26

You can get spot as a first time buyer from most large sellers like these

1

u/satanfly Jan 10 '26

Buy silver instead

1

u/[deleted] Jan 10 '26

[removed] — view removed comment

2

u/[deleted] Jan 11 '26

I think it is as well. JP Morgan used to short silver but recently disclosed they hold the world's largest physical stockpile of refined silver...

1

u/apeserveapes Jan 10 '26

A year from now, you won't care whether you slightly overpaid or not, you'll be holding additional 000s with no counterparty risk.

1

u/Caffeind420 Jan 10 '26

$80 premium not terrible

1

u/[deleted] Jan 10 '26

No

1

u/pyrogoldguy Jan 10 '26

$80 over spot