Auction Final Notice: 200 Engelhard bars

(http://www.seekbullion.com)

Silver Stock Report

by Jason Hommel, October 22th, 2008


My biggest auction ever is closes in 4 hours, and is live at seekbullion.com   


My 200 Engelhard 100 oz. bar auctions end Wednesday, October 22nd, 3PM Eastern time, or Noon Pacific.  It's a series of 30 auctions that close a minute after each other, over 30 minutes.  The last of the series of auction is for 50 bars. 

But the lowest average bid price is for the 10 bar auctions!  At $11001 for the lot of 10.

seekbullion.com




Bidders seem to be wising up, and being more professional about how they place their bids, as they spread their bids out more evenly over all the auctions.  So, if you lose one auction, or get outbid, try looking for another similar bar at the auction, rather than simply placing another higher bid for the same bar.

Sean Brodrick of Weiss Research has now recognized the silver shortage in an article today:

Yes, We Have No Silver by Sean Brodrick   10-22-08
http://www.moneyandmarkets.com/yes-we-have-no-silver-2-27680

Unfortunately, he does not publish any personal contact details, so I can't let him know about the auction.  Maybe next week, Sean.




Sincerely,

    Jason Hommel

    In case you miss an email, check the archives:
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    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
    Mom will ship overseas, and also in lots of more or less than 100 ounces.

    See us also at:
    Rocklin Coin Shop
    4870 Granite Drive, Rocklin, CA 95677
    http://rocklincoinshop.com/