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triplemgold

Member
Joined
Sep 5, 2010
Messages
21
I have been in the scrap gold business for 8 months, and I must say I love it.

I have been searching for a good refiner, as I am located in the panhandle of Florida, there is no major refineries close.
I heard of NTR and did some research on them and found out that they pay 98%, so I decided to give them a try after talking to them on the phone.
When I got a huge lot of gold and silver (well what I consider huge) haha I drove all the way down to Tampa to meet them face to face and physically drop off my lots.
They weighed it up for me and said to come back in 1 hour and they will have my check. I went to a little sandwich shop and came back to a check with more then I expected!
I was very happy and they were very nice.

I just shipped them another lot on Tuesday of this week, they got it Wednesday, had it melted down and calculated and gave me a call with the amount. They overnighted the check the same day for free, and I got the check the next day!
This lot was more then I expected too.
When I calculate the lots, I calculate them at 94% spot or so because 14k is really 13.5k or close to it. My checks have been right at about 95%.
So I am very happy with their quick service and fully recommend them to anyone! They have a ton of locations and will serve you right.
Thank you too all you guys on the forum, you guys are a very big help and have answered tons of my questions!
 
Sooner or later you will stop using ballpark numbers and start backing your estimates up with actual lot samples which can provide reproducible results. (AKA fire assay) You could get a sample if you skip the sandwich and watch your melt.Unless of course you really drove all that way for the sandwich.

When you do it right, get back to us and let us know if you're still a happy camper.
 
It costs money to overnight that check for free. The more perquisites and pro bono services, the more questions you should ask.


Lou
 
He's not a rep for NTR, is he? :shock:
BTW - you MUST be a BUSINESS to sell to NTR - Their target customer is the gold buyer. In fact they state on their website that "we don't buy from the public, so we don't compete with you."
you, the individual refiner, alone know if that's a good thing for you or not
Plus, trustworthy folks here on the forum ROUTINELY pay 95-98%. Their reputation & future success are on the line
Oh yeah ... they don't work out of a sandwich shop. :roll:
 
You guys are some strait up tools. Im freaking 18 years, a senior in high school with an established business in the state of florida. I also have my secondhand dealers license to purchase scrap from the public, and I have a partnership with my local law enforcement. I AM A BUSINESS.

4metals...
are you upset because I didn't want to sell my gold to you? Hmm seems right. You must not be getting business to talk bad about other refiners. A damn fire assay? I can barely keep up with the amount of scrap i get to melt it down in my backyard. Why would I even waste my time? So far, with the large amounts of scrap I have had, all my testing and estimating has been correct.

Lou, lot's over 5000$ get overnighted via fedex for free. NTR is a billion dollar company. They wouldn't reach those numbers if they were cheating people. You need to think about things before you say them.

dtectr...
"Plus, trustworthy folks here on the forum ROUTINELY pay 95-98%. Their reputation & future success are on the line"

That is the stupidest quote I have ever heard someone say in my life. Its a forum lol. You know how many people get scammed on forums? THOUSANDS. Many people would not give a crap about reputations when someone ships 20k worth of gold to them.

But someone like NTR, who had at least 8 people come into just one of their locations in the 15 minutes I had to wait after my lunch to get my check, knows they have a reputation to uphold. A real one, not something someone on a internet forum has created.

You guys think what you want, your probably going to delete my post. I see how "nice and helpful" your words can be.

4metals, good luck getting business. I am sure people love to send someone gold that they met on a forum. Your business is prospering no doubt.

Go ahead and delete my profile. I once thought this forum was something good, but you mods are ****. I am trying to help people with a good refiner and yall are like this.
Thanks,

Michael

Young man (or should I say young child?), you just bought yourself a banishment from the forum. We do not permit anyone to come here and insult those with years of experience, doing so with a dirty mouth. Please do not try to re-register unless you come to the board with a public apology, just as you used the public forum to run your stupid mouth.

Harold
 
Michael,
Those guys were only trying to help you realize how to make sure you are getting what you think you are. Copping an attitude with them and leaving the forum won't help you learn. You may think you have yourself covered in your dealings, but you should always be open to learning new tricks.
You don't have to like their advice, and you are free to sell to whomever you wish. But I think keeping an open mind can only help you in the long run. You should learn something new here every day.

Jim
 
triplemgold said:
You guys are some strait up tools. Im freaking 18 years, a senior in high school with an established business in the state of florida. I also have my secondhand dealers license to purchase scrap from the public, and I have a partnership with my local law enforcement. I AM A BUSINESS.

4metals...
are you upset because I didn't want to sell my gold to you? Hmm seems right. You must not be getting business to talk bad about other refiners. A damn fire assay? I can barely keep up with the amount of scrap i get to melt it down in my backyard. Why would I even waste my time? So far, with the large amounts of scrap I have had, all my testing and estimating has been correct.

Lou, lot's over 5000$ get overnighted via fedex for free. NTR is a billion dollar company. They wouldn't reach those numbers if they were cheating people. You need to think about things before you say them.

dtectr...
"Plus, trustworthy folks here on the forum ROUTINELY pay 95-98%. Their reputation & future success are on the line"

That is the stupidest quote I have ever heard someone say in my life. Its a forum lol. You know how many people get scammed on forums? THOUSANDS. Many people would not give a crap about reputations when someone ships 20k worth of gold to them.

But someone like NTR, who had at least 8 people come into just one of their locations in the 15 minutes I had to wait after my lunch to get my check, knows they have a reputation to uphold. A real one, not something someone on a internet forum has created.

You guys think what you want, your probably going to delete my post. I see how "nice and helpful" your words can be.

4metals, good luck getting business. I am sure people love to send someone gold that they met on a forum. Your business is prospering no doubt.

Go ahead and delete my profile. I once thought this forum was something good, but you mods are ****. I am trying to help people with a good refiner and yall are like this.
Thanks,

Michael

I quoted this post as prime example of what not to do in here. (in case it will be edited or deleted by original poster)

First off all 4metals is not buying gold.
Secondly if (to quote you) Many people would not give a crap about reputations... what did you meant by posting your experience?
You are trying to help people? Can you elaborate on this? You are probably buying for 50-60% of spot then you dont need to worry with damn fire assay. You buy so cheap that some % of loss is not important for you still plenty of profit...
We refine our gold so we value any single % of price we get paid. We work to get our gold out of scrap, that is why we usually do not underestimate proper testing, safety, sampling and final payment.
 
triplemgold said:
....... Im freaking 18 years, a senior in high school with an established business in the state of florida. ................. I AM A BUSINESS................
Michael

I got it. You are owner of (about 3 months) established business. At the end of October 2010 you started talking about getting in gold business and three months after that you came here hurling insults on people who refined gold before you were born? Forgive me but having furnace and melting karat gold in back garden do not mean you are in gold refining or gold business. You are in sales.
 
What an interesting change from when he 1st came here asking respectful questions,
and now has turned into a brat.

These people were offering you sage advice from years of hard-won experience, and you dump on them like they were one of your little high school friends on facebook.

This attitude will not take you far in business, yungun.
 
Ocean said:
What an interesting change from when he 1st came here asking respectful questions,
and now has turned into a brat.

These people were offering you sage advice from years of hard-won experience, and you dump on them like they were one of your little high school friends on facebook.

This attitude will not take you far in business, yungun.

I do not tolerate anyone taking shots at readers on this forum. This reader just bought himself a banishment.

It has been said that if you could buy a teenager for what he's worth, and sell him for what he thinks he's worth---you'd do just fine.

No need to be critical of my comment, readers. I realize not all of them behave like children, like this reader did. It's clear he knows more about the gold business than those of us with years of experience.

Harold
 
Good for you triplmegolod,

I am glad you stood up for yourself. The way I read it, they were not being helpful at all, more like criticizing you in a negative way. At 18 years old you have a business? That is amazing, I wonder how many of these guys kids have a business at your age.
I know my kid just goes to school and has a part time job, but I could never picture him running his own business.

As for everyone else, if you read through his orginal post,
http://goldrefiningforum.com/phpBB3/viewtopic.php?f=72&t=8158&p=76168&hilit=ntrmetals#p76168

Maybe you will see a post by CYBERDAN, we all know how reputable he is, he tells triplemgold...

"Try this place. They have "stores" all across the country. I use the one out here every now and then. I also use ARA. They both pay the same.
http://www.ntrmetals.com/location/miami-fl-precious-metal-refiner

When I am in a hurry for some buy money I drive the three miles to their shop during lunch. Drop off my load of jewelry and eat my lunch in the parking lot. Without fail I go back in and a check is waiting for me and it is usually a bit more than expected."

Do you guys want to criticize CyberDan for not getting a fire assay? Do you want to make fun of him for eating lunch in the parking lot?
He also claims his check is more then expected too.

All I am going to say is those first couple comments were ridiculous and did deserve to get answered back to that way.
 
Good for you triplmegolod,

I am glad you stood up for yourself. The way I read it, they were not being helpful at all, more like criticizing you in a negative way. At 18 years old you have a business? That is amazing, I wonder how many of these guys kids have a business at your age.
I know my kid just goes to school and has a part time job, but I could never picture him running his own business.

Sounds like you re registered and are defending this foolishness. If not, you misinterpreted an attempt to impart sage advice as well.

If you understood what they were trying to tell this individual there are two payout scales, what you pay to the informed seller, and what you pay to the arrogant and ignorant.

What scale do you want to be paid from?

When I calculate the lots, I calculate them at 94% spot or so because 14k is really 13.5k or close to it.

Why would you under karat yourself?
 
I guess he took what I was saying all wrong. I should be very impressed with NTR, they have one very loyal customer.
I was making no slight against them, they're a great company. They're also a company and in it to make money. What I said is not accusatory, only reality. It doesn't matter if a company is a billion dollar or million dollar company--the more "free" services they offer you, the more money out of their pocket, and the tighter their margins. The money comes from the customer/client because that's where profits originate. I guess you'll figure it out in a couple years...


Oh, and as an aside Mr. triplemgold/gbwin:

While I don't mind being called a "tool" given that it's practically meaningless by virtue of who I'm being insulted by, I don't care for you insulting the members, moderators, and administrator's intelligence by hopping on your second account and publicly advocating for yourself. I can understand that you want to defend yourself, but I can't understand the childish need to invent stories. If you want to stay in business and conduct it ethically, I advise you consider honesty in all your dealings.


Anyways, good luck with your business and goodbye.
 
It's going to take me a while to decide whether to laugh, cry or both at the same time... :lol:

Some people hit a birdie in their first shot at golf and suddenly believe they are the next Tiger Woods... :lol:
 
Triplemgold,

First off I do not buy any scrap it's just not what I do. If you took the time to think about what I said you would see that I was warning you about being informed about the business you are venturing into.

As the gold price continues to climb, we are seeing more and more "refiners" entering the game and the rates are getting more and more competitive. In NYC the guys buying on the stone are paying 98 and 99% to the guys selling one or two pieces of old jewelry and this trend will continue across the country as supplies dwindle.

You are young and have found a business where you can do well, and for now you are loving it. All I was suggesting was that you take the time to watch your melt and request a sample. I know NTR settles on their XRF result, but if you take your sample and have it fire assayed, you will know how much gold it contained and how much gold they said it contained. From that you can calculate the rate you are paying for your refining. Now it may work out that you are paying 2% as they state in their advertising and if your analysis (by doing the comparison) shows that to be true you can be very happy with the results. But as it stands right now you stated your calculations show the return to be 5% you don't know for sure because of that sandwich shop.

Pay closer attention to what you are doing because some day that difference between what you think you are paying and what you really are paying may be your entire profit.
 
Wow...I'm speechless after reading that. I commend everyone he took a shot at for taking the "higher road".

Personally I've not had any interactions with NTR (aside from them opening their franchise locations and soliciting my customers). But you can certainly google what their customers have had to say about them.
 
Mike I'd advise you to relax,and take a breather before attempting to come back here.
And if tim (GBWIN) is in fact a friend of yours,you may want to tell him to cool his jets also before it causes even more trouble for you and him.
 
What about NTR Metals Does any one do business with them. Any opinions, experiences would like to know. Thanks
 
I believe this is one company I dealt with last year.If memory serves,they offered to purchase several gaylords of escrap from me.The transaction never happened but I do not remember why.If it is in fact the company I dealt with then they do purchase from the public.
 
mic said:
I believe this is one company I dealt with last year.If memory serves,they offered to purchase several gaylords of escrap from me.The transaction never happened but I do not remember why.If it is in fact the company I dealt with then they do purchase from the public.
then it wasn't ntr - on their website say state what i wrote from memory. I just had a xrf analysis done of a button i did for a friend - 15.4g. Not by NTR. I was (present)& swear to G**, 4 separate analyses came back 22, 21, 24,& 23k. I'll post a pic of it - the fern-like crystal pattern on top was clearly visible.
 
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