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Author Topic: Auction for a 1 g gold mini bar until block 92,000  (Read 3436 times)
grondilu
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November 10, 2010, 07:35:17 AM
 #1

EDIT:  This auction is closed.  See end of thread.


I launch an other auction for a 1g gold mini bullion this time (see attached picture).

Price will include postal fees to wherever in the world.  Payment will be required before sending.

No starting price.

DO NOT BID IF YOU DON'T REALLY INTEND TO BUY THE BAR.

Auction will end at block number 92,000.  At block 92,000, I will lock this thread.  I may lock it a bit earlier and organise a IRC auction just before the end, though.
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LobsterMan
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November 10, 2010, 07:51:34 AM
 #2

I bid one (1) BTC
grondilu
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November 10, 2010, 08:00:48 AM
 #3

I bid one (1) BTC

LobsterMan initiates and leads the auction with 1 BTC.
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November 10, 2010, 08:04:41 AM
 #4

I bid 150 BTC.

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grondilu
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November 10, 2010, 08:06:34 AM
 #5

jgarzik leads at 150 BTC.
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November 10, 2010, 08:19:37 AM
 #6

160 BTC

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November 10, 2010, 08:49:42 AM
 #7

180 BTC

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grondilu
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November 10, 2010, 08:56:05 AM
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jgarzik leads at 180 BTC
Bruce Wagner
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November 10, 2010, 10:06:05 AM
 #9

Today's spot gold price for 1g of gold is USD45.19

Today's Mt Gox last price for Bitcoin is USD0.14

Does that not translate into:   322.78571 Bitcoin = 1g Gold


grondilu
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November 10, 2010, 10:49:30 AM
 #10

Today's spot gold price for 1g of gold is USD45.19

Today's Mt Gox last price for Bitcoin is USD0.14

Does that not translate into:   322.78571 Bitcoin = 1g Gold


I don't care about market price.  I only care about how much people are ready to actually pay in order to get this 1g gold mini bar.

If you think you can sell it later at 322 BTC, chose your margin M% and place a bid at 322 * (1-M%).
grondilu
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November 11, 2010, 09:26:19 AM
 #11

Highest bid is still 180 BTC.

Anyone for 200 ?
grondilu
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November 11, 2010, 10:17:38 AM
 #12

I have a 200 BTC bid from a user who wants to be anonymous.  I'll name him Anon01.

So, Anon01 is leading at 200 BTC.


You can PM me for anonymous bids, but please avoid this.  It's easier to use this thread, and it gives better transparency to the auction process.
grondilu
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November 14, 2010, 12:14:24 AM
 #13


And highest bid is still 200 BTC.

Anyone at 220 ?
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November 14, 2010, 02:10:50 AM
 #14

I received the 5g bar that I bought in the previous auction yesterday. Thanks, Grondilu.

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grondilu
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November 14, 2010, 02:14:51 AM
 #15

I received the 5g bar that I bought in the previous auction yesterday. Thanks, Grondilu.

Thanks for noticing this in this thread.  It might help insuring confidence in this auction.

Don't you want to make a bid for this gram ?
grondilu
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November 15, 2010, 05:04:36 AM
 #16

Which means that the auction will probably end in the next 9 hours.
grondilu
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November 15, 2010, 12:56:57 PM
 #17

Well, I'm sorry to observe that very few of you are interested.

However, let me just remind you that there are about only 20 blocks to go.

I won't do any IRC auction if anybody shows up and ask for it.

Highest bid is still 200 BTC
caveden
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November 15, 2010, 02:01:46 PM
 #18

Cheer up man, 200BTC is a good bid...
If you take 1BTC = 0.3USD that makes 60 dollars. Even if you take 1BTC = 0.25USD, that makes you 50 dollars.
According to goldprice.org, the current price for 1g is around 44 dollars.

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grondilu
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November 15, 2010, 02:07:37 PM
 #19

Cheer up man, 200BTC is a good bid...
If you take 1BTC = 0.3USD that makes 60 dollars. Even if you take 1BTC = 0.25USD, that makes you 50 dollars.
According to goldprice.org, the current price for 1g is around 44 dollars.

Oh, I didn't realize.  I was just considering the price displayed on bitcoinwatch.com.

But I guess bitcoinwatch does not very frequently update its price for one gram gold.
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November 15, 2010, 03:12:02 PM
 #20

Cheer up man, 200BTC is a good bid...
If you take 1BTC = 0.3USD that makes 60 dollars. Even if you take 1BTC = 0.25USD, that makes you 50 dollars.
According to goldprice.org, the current price for 1g is around 44 dollars.

Oh, I didn't realize.  I was just considering the price displayed on bitcoinwatch.com.

But I guess bitcoinwatch does not very frequently update its price for one gram gold.


It isn't that bitcoins watch doesn't update, it's that no one has traded pecunix on bcm for like months and that's what bitcoinwatch reports.

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