Auction Notice!: 125 Engelhard 100 oz. Silver Bars
Silver Stock Report
by Jason Hommel, October 13th, 2008
The auction for silver is running, live,
Auction ends on
Wednesday, Noon, Pacific time, October 15th. That's the middle of the
day of the middle of the week.
Actually, a series of auctions
is scheduled, running over the course of 26 minutes, ending Noon on
Wednesday, because there are 26 separate auctions.
current bid is $11.55/oz., or $1155 per 100 oz. silver bar, for a single
lot of 10, full lot only, for a total of $11502.
These are my bars,
I'm auctioning them off.
Here's a picture of the bars for this
I have the bars, I can ship them immediately upon receiving the wire
transfers from the customers.
After the auction, I plan
to use the proceeds to buy more silver, such as 1000 oz. COMEX bars, to
make a profit.
I own over 200,000 oz. of silver. I'm not
selling out. I'm only selling 12,500 ounces, and I plan to buy more
silver, cheaper, but in a different form, such as 1000 oz.
Engelhard stopped making these bars over 10 years
ago. Perhaps these are now classics. No other major dealer in
the industry has these bars to sell, mostly because the public stopped
selling them back to the dealers, around the beginning of 2008.
Engelhard bars are premium bars, along with JM, Johnson
One of my favorite Bible verses is Proverbs
1:20-23. It basically says that wisdom cries aloud in the streets,
in the market. In other words, wisdom is found in free market
Most silver today is not sold according to free
Except for ebay.com, this auction is a
new way to trade silver.
The price manipulation at the COMEX is so
severe, that it has now created the profit incentive to create a free
market in silver, through this auction, in order to arbitrage between the
two markets, by buying in one, and selling to the other.
impossible for me to "price gouge", because I'm not setting the
price. The free market is setting the price.
for every bar sold, there must be at least two
bids to validate the price!
First, register at http://www.seekbullion.com!
works similar to ebay.com, however, the "bid increments" are much
The high bid is never what is paid. The
second highest bid determines the price!
Two people must place a
bid to create the final bid price, plus the very small bid
In rare cases, two people can bid the same price.
In that case, the tie goes to the person who bid first, and their bid will
show up "second" in the list of bids, or at the top, and it will show up
at the same time that the second person bids.
If you want a
free market in silver, then please tell people about my auction at:
If you want government solutions instead, please
In case you miss an email,
check the archives:
You can buy silver in
lots of 100-500 oz. at my auctions at www.seekbullion.com
Auctions end M-Th, Sat, At 7PM Pacific, but you can place bids anytime, 24/7.
Wires only. USA Shipping only.
You can also buy silver at www.momsilvershop.com
ship overseas, and also in lots of more or less than 100
See us also at:
4870 Granite Drive, Rocklin, CA 95677