Still no takers on my offer?
My OP offer is a good one for both of us, and although I've decided to buy some from others here, will always try to have enough BitCoins available to conduct this trade for at least 1 or 2 ounces. Anyone wanting to bypass fiat, and go straight for a Metal to Coins trade, please let me know.
Thanks for the link and auction BarbarousRelic, this was just too good a deal to pass up. Seems I was the only bidder last night, looking forward to receiving my 1st 1/2 dollar coin from you, Monday shipment is fine.
BitMit is an interesting auction house, it appeals to my sense of simplicity in use, may post some of my wares there in the near future too...
@ShireSilver - Just about ordered a couple of your 5gram cards last night, find the idea intriguing. So do you usually have a couple around for fast shipping? Would like to inspect the product, before committing to a larger order or getting setup as a merchant.
My understanding from your post is that a box of 40 cards could take a couple of weeks to get manufactured and then shipped, sounds reasonable, but wouldn't want that to become a month or two.
Spot is up to $28.
I can sell you some for 7.1/1 oz coin, beating coinabuls prices.
Its very hard to buy at spot, let alone with bitcoins.
I dont even buy at spot, there are always premiums associated with bullion of any kind.
Understand where your coming from, my perspective is slightly different. For one thing, in coin & pawn shops around the world, tens of thousands of trades are taken by dealers at or below spot in exchange for local fiat everyday, mostly from folks in desperate need of cash. So from a dealer perspective, buy at spot, sell at a premium, happens all the time.
As a customer, sure it's hard to buy at spot and take physical possession, near impossible even for those trading in 1Koz block lots there are costs & fees which could be considered a premium.
Agree your bitcoin price is inline with others, considering a trade with you, your reputation appears sound, however please let me contact you FIRST. I've several problems, not very many BitCoins is one, & your pricing on the shipping costs, awfully high on such a small order of only a few ounces or less. Can understand your need for it, but only would do a trade for a larger amount, because of it.
Lastly, by using the Kitco/MtGox ratio prices, for example today that is 5.6164BTC / 1oz, we've eliminated the fiat from the math, if Silver goes to $10 and BitCoin to $2 the ratio is still 5/1. As BitCoins are also up over these last couple days, the ratio hasn't changed all that much.
As I'm throwing in an additional 0.2BTC allowance (ABOVE SPOT) today's offer is for 5.8164BTC's in trade for 1oz Silver shipped to me. And this offer is allot better for any seller walking into a pawn shop, getting below or at spot for some Silver, then exchanging that fiat for various forms of digital fiat, to eventually convert it into BitCoins, the more middlemen getting a cut, the more you lose...
RodGround at gmail dot com