100 oz. bar auctions: 5000 oz.(New Bars)Silver Stock Reportby Jason Hommel, January 15, 2009Auctions NOW at www.seekbullion.com 100 Troy Ounce NEW Academy Stackable Bar .999 Silver These new
bars are beautiful; super shiny, no dings nor scratches nor fingerprints.
It took us 8 weeks to get these bars minted for you, but we will ship
IMMEDIATELY to you! It took so long, we were beginning to wonder if we
would ever get our silver, but the Academy Mint is highly
reputable. We have a few pictures of a few of the bars to show how they stack and look. But since the bars all all so similar, these are not the 'exact' bars you will receive, the serial number will vary. Each bar
is stamped at the bottom with the words, "IN GOD WE TRUST".
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The auction will start with a reserve bid at the spot price. But by around
an hour before the auction closes, I will place a new bid at the "ask"
spot price plus $1.50/oz. By delaying the placement of the final reserve
price, through a bid in my own name, will enable a more accurate final
reserve price, because the cost to replace the silver changes constantly.
For an explanation, see, "Am I Shill Bidding?
No!" This auction is being offered by Jason Hommel, SilverStockReport.com
Wires
must be received within 24 hours
of close of auction, otherwise bid orders will be forfeited.
Free Shipping
and Handling, Insurance Included Terms: All Sales Are Final
Shipping
to
Auctions NOW at www.seekbullion.com Reserve bids at "spot plus $1.50/oz.", now placed at $12.14/oz. Fact: Yesterday, we sold only 1/2 of the 5000 oz. on offer. The rest of the bids did not meet our reserve minimum. Commentary: Is this a top, due to lack of interest, or is this lack of interest a reason why the silver market has bottomed out? You decide. Commentary: There is a movement to bring back Honest Money to the State of Indiana. http://www.indianahonestmoney.com/
Jason Hommel |