New Auction Site: ONE OVER SPOT
Silver Stock Report
by Jason Hommel, November 4th, 2010
The Silver Market Manipulation on COMEX became so obvious two years
ago, that it inspired the creation of a new silver & gold market
platform, "One Over Spot", opening on November 5th at 6PM
The new auction site for precious metals
is called "One Over Spot" www.oneoverspot.com That's the
name, because they charge listers only 1% over the final auction
price for the listing.
Unlike any other auction site I've
seen thus far (except for ebay), "One Over Spot" is open
to all potential sellers.
But Ebay is becoming
increasingly hostile to bullion transactions, given the trouble with
chargebacks on credit cards, and the high transaction fees that range from
5 to 15%.
Who are the developers behind One Over Spot? I
helped inspire it, and helped with consulting, and received shares.
One Over Spot, Inc., was founded by Bob Davidson and Kurt Larson, two
entrepreneurs with over 60 years of management and engineering experience
between them. All of the Web site and trading platform code was written by
their Senior Developer, Brian Poteat.
One Over Spot was developed
in response to my article two years ago:
The World Needs a
Free Market in Silver
One Over Spot is
offering readers of the Silver Stock Report a discount of 50% off your
first transaction fee. Enter the promo code JASON at the bottom of the
item information page when you create your listing and the fee will only
be 0.5% when your listing closes with a winner.
One Over Spot?:
1) Lowest Auction
are no listing fees! Listers pay a Transaction Fee of just
1% on the winning bid or purchase.
separate verification systems and an Advanced Fraud Detection Suite
together form a tough defense to keep out fraudsters.
Auction Rewind (TM) prevents both shill and shield
bids from affecting the free-market outcome of a fair auction.
Stealth Proxy (TM) makes it practically impossible
to determine another bidder's proxy bid limit through experimental
feedback, imported eBay feedback, seller ratings, dispute statistics,
account status, canceled listings, retracted bids, suspensions, policy
violations, and other statistics.
OOS auctions have scheduled end times, but they cannot officially close
until 10 minutes have passed without a bid. This ensures the most accurate
6) Multiple Auction
forward and reverse, Dutch forward and reverse, Buy Now and Sell Now.
7) Unlimited Trade
are no account limits on the value or quantity of the items that can be
traded. (Plus discounts for trades over
Validation (EV) Certificate issued by an independently-audited Certification Authority.
Secure credit card transactions using Starfield Technologies
256-bit SSL encryption.
In addition to all of the above reasons, One Over
Spot has several significant upgrades already in development for delivery
by next year. Dealers will appreciate Variable Reserve (TM), which will
allow a listing reserve to track spot price plus custom premium. A
language translation service will be added to assist members from foreign
countries. In a related service, members who choose to disclose their
country of origin can have their username appear in search results for
that country. Members who want to keep up with auctions while on-the-go
will be able to access One Over Spot using a mobile web access solution.
Other planned enhancements include: RSS feeds, remote image hosting,
automatic alerts, bulk item uploads, an online store, API service, and
Please take a look at www.oneoverspot.com, and sign
I strongly advise you to take
possession of real gold and silver, at anywhere near today's price,
while you still can. The fundamentals indicate rising prices
for decades to come.
Our Coin Shops are open 10AM to 5PM Pacific
Time, Monday to Friday, closed weekends.
JH MINT & Coin Shop, Grass Valley, CA --
minimum $2000 order for free shipping, USA shipping
For Online Sales, call
Kerri: (530) 273-8822
also my Mom's Silver Shop in Sacramento, CA
Auburn Blvd., #12
Sacramento, CA 95821
(916) 481 5656
ship with no minimum order size, and overseas, and take credit cards and
In case you miss
an email, check the archives (scroll down) at www.silverstockreport.com
For the Biblical
case for the benefits of using honest money, see www.bibleprophesy.org