Sounds old problem. Simbly had this when i start my sytem firsth time and so did many others at that time.Powered it on but got a red DRAM led display from the motherboard and nothing coming up on the monitor.
As weard it may sound Press go button after you have "started" the system and Dram stays on. After that leds run craisy. if it likes stop on Dram then press go again.
... do this like 20 times if you dont get in try other RAM Stick. as weard it has worked on my case and no i didnt need to RMA my MB, or RAM.
As fo Static no i dont have "Wrist band" and still im kicking. it could be good for beginers but main isnt in ground allways so there is nowhere it to go. How i do it is that i real ground my self before and dont hope that my case dose it for me with some band or so.
Edit: Hmm i forget. WHat BIOS version you have as you get this problem? .. i had 0404. after 08xx it stoped on me i had Phenom 555 in, at that time.