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Author Topic: Auction for a 1g gold mini bar until block number 95,000  (Read 3753 times)
grondilu
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November 22, 2010, 06:03:56 PM
 #1

** Edit.  THIS AUCTION IS CLOSED NOW.  See end of thread. **

Here is an other auction for a 1g mini gold bar (see attached photo).

Price will include postal fees to wherever in the world.  No starting price.

DO NOT BID IF YOU DON'T REALLY INTEND TO BUY THE BAR.  Payment will be required before the bar is sent anyway, so there is no point making a fake bid.

The auction will end at block number 95,000.  At this time, I will lock this thread and thus end the auction.

I may lock it a bit earlier and continue the auction on IRC if I see several people interested.

Do not PM to post your bid.  Just put it in this thread, so that others can see what's happening.
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November 22, 2010, 06:21:49 PM
 #2

i bid 10 btc

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grondilu
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November 22, 2010, 06:22:37 PM
 #3

i bid 10 btc

nanotube initiates the auction and leads with 10 BTC.
fergalish
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November 22, 2010, 06:33:37 PM
 #4

Now this is interesting.  BTC V Au.  Clearly the seller wishes to exit gold and invest in bitcoin, whereas most people would want to exit [everything else] and invest in gold.

It somehow looks like real gold - I presume it comes with a certificate stating it's origin and quality?  Will the posting be insured, even to foreign destinations [where are you based?]?

Current market value would put 1g gold at about US$45, maybe BTC190.  However, just to get the ball rolling and see where this goes, I'll base my (first?) bid on some arbitrary future expected value of bitcoins.  I bid BTC25.

On a sidenote, if any admins are listening, if possible, could you add the BTC symbol beside all the smileys above the message box.
grondilu
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November 22, 2010, 06:40:07 PM
 #5

Now this is interesting.  BTC V Au.  Clearly the seller wishes to exit gold and invest in bitcoin, whereas most people would want to exit [everything else] and invest in gold.

It somehow looks like real gold - I presume it comes with a certificate stating it's origin and quality?  Will the posting be insured, even to foreign destinations [where are you based?]?

Current market value would put 1g gold at about US$45, maybe BTC190.  However, just to get the ball rolling and see where this goes, I'll base my (first?) bid on some arbitrary future expected value of bitcoins.  I bid BTC25.

I think it is the fourth time I sell gold on this forum.  Each transaction occured with no problem.  Ask around.

I bought these mini bars with some certificates, but I dumped them.  I'm not interested in owning paper.

I think 1g is enough a small amount so that it doesn't require any insurance.  I'll hide the bar carfully inside the enveloppe, and I'll send it as a normal letter.  It should be fine.

I aknowledge your bid of 25 BTC.


So, fergalish leads the auction with 25 BTC.
brocktice
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November 22, 2010, 07:34:17 PM
 #6

50

http://media.witcoin.com/p/1608/8----This-is-nuts

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grondilu
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November 22, 2010, 07:36:15 PM
 #7

50

brocktice leads at BTC50


Anyone at 60 ?


Edit.  Please notice I won't always be able to aknowledge bids as quickly as I've been doing it so far.  I'm a human being and sometimes I have to sleep, work, eat, and so on...  Wink
FreeMoney
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November 22, 2010, 08:52:08 PM
 #8

50

brocktice leads at BTC50


Anyone at 60 ?


Edit.  Please notice I won't always be able to aknowledge bids as quickly as I've been doing it so far.  I'm a human being and sometimes I have to sleep, work, eat, and so on...  Wink


60BTC would be a steal, I'll bid it.

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brocktice
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November 22, 2010, 09:02:08 PM
 #9

75

http://media.witcoin.com/p/1608/8----This-is-nuts

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grondilu
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November 23, 2010, 05:26:55 AM
 #10

75

brocktice leads at 75
fergalish
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November 23, 2010, 03:27:28 PM
 #11

brocktice leads at 75
Well, let's keep the activity going.  I bid 85.
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November 23, 2010, 03:34:24 PM
 #12

I'll go for 90.
I'm able to pick it up in Paris, so less postal fees = even better bid Cheesy

grondilu
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November 23, 2010, 03:42:40 PM
 #13

I'll go for 90.
I'm able to pick it up in Paris, so less postal fees = even better bid Cheesy

davout leads at 90

Nb.  well a subway ticket is actually more expensive than a postal stamp.  And I don't like walking that much  Wink
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November 24, 2010, 12:27:26 AM
 #14

BTC 150.00

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grondilu
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November 24, 2010, 06:43:53 AM
 #15

BTC 150.00

mikegogulski leads at 150
brocktice
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November 24, 2010, 06:27:36 PM
 #16

180

http://media.witcoin.com/p/1608/8----This-is-nuts

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grondilu
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November 24, 2010, 06:28:53 PM
 #17

180


brocktice leads at 180
grondilu
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November 30, 2010, 11:44:05 AM
 #18

300 blocks to go.

brocktice still leads with 180 BTC.

Anyone for 190 ?
fergalish
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November 30, 2010, 12:27:04 PM
 #19

Hah, I was just about to do that.  I'll go 190.
grondilu
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November 30, 2010, 12:31:33 PM
 #20

Hah, I was just about to do that.  I'll go 190.

fergalish leads at 190 btc
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