Auction for a 1 g gold mini bar until block 92,000

[grondilu]

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]

I bid one (1) BTC

[grondilu]

I bid one (1) BTC

LobsterMan initiates and leads the auction with 1 BTC.

[jgarzik]

I bid 150 BTC.

[grondilu]

jgarzik leads at 150 BTC.

[Keefe]

160 BTC

[jgarzik]

180 BTC

[grondilu]

jgarzik leads at 180 BTC

[Bruce Wagner]

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]

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]

Highest bid is still 180 BTC.

Anyone for 200 ?

[grondilu]

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]

And highest bid is still 200 BTC.

Anyone at 220 ?

[FreeMoney]

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

[grondilu]

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]

Which means that the auction will probably end in the next 9 hours.

[grondilu]

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]

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.

[grondilu]

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.

[FreeMoney]

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.