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Gold To Crush $4,000 An Ounce!

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Pillar of the Community
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United States
2448 Posts
 Posted 08/11/2010  1:39 pm  Show Profile   Bookmark this reply Add carmykle to your friends list
You gotta be kidding! Where do you guys find this stuff? Oh that's right, ebay is such a reputable site. You know....I've only been stung twice there but I got my money back....but...stuff like this is.......Just can't find the words!
Locked
822 Posts
 Posted 08/11/2010  1:50 pm  Show Profile   Bookmark this reply Add scubu to your friends list

Quote:
ebay is such a reputable site.


What does ebay have to do with it? Do you really want ebay to limit what sellers are allowed to ask for things? I sure don't. Time to get a grip.
Valued Member
Canada
307 Posts
 Posted 08/11/2010  3:59 pm  Show Profile   Bookmark this reply Add guppie1160 to your friends list
as with everything it is definitely buyer beware....and some one will buy them. Makes me want to shave some gold off a coin though...can you just see the coin I could buy after awhile

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United States
2448 Posts
 Posted 08/11/2010  9:21 pm  Show Profile   Bookmark this reply Add carmykle to your friends list
Spoken like a true stock holder. Or some one with less than honorable intentions. Hey lets all stick it to the uninitiated and uninformed! After all thats what some actually think the country was founded on!

One grain of Au is infinitesimal compared to that little ingot. I'd be surprised if there is even 1 Grain of gold in that lump of yellow metal. It's fraud! Plain a simple, and some believe it OK to put a price on it!

You're right guppie, Caveat Emptor. Even with some on the forum.
Edited by carmykle
08/11/2010 9:33 pm
Locked
822 Posts
 Posted 08/11/2010  9:32 pm  Show Profile   Bookmark this reply Add scubu to your friends list
I noticed you're too tough to answer my question though.

Do you really want ebay to limit what sellers are allowed to ask for things?

If ebay killed one of your auctions because they said it was overpriced you'd have a hissy fit and scream about your rights. The guy is asking for a price way over market value..... hardly ebay's fault, problem, responsibility, or reflection of reputation.

I just posted it for a laugh is all and you turn it into ebay bashing.
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United States
2448 Posts
 Posted 08/11/2010  9:39 pm  Show Profile   Bookmark this reply Add carmykle to your friends list
Not me, I'd re-evaluate. I've only sold about 20 coins on ebay and they all went for more than reserve. They told me I was charging too much of postage and they were right, I adjusted. My problem with ebay is the problem you surfaced. Fraud, and they don't have a quality control for the posts nor do they care unless someone complains. That's the rub!
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United States
2541 Posts
 Posted 08/11/2010  9:53 pm  Show Profile   Bookmark this reply Add Gothic Florin to your friends list
A fool and his money are easily parted. As long as there are fools, there will be people like this to sell them overpriced gold.
Locked
822 Posts
 Posted 08/11/2010  10:02 pm  Show Profile   Bookmark this reply Add scubu to your friends list
Fraud? Yet another one that throws that word around and hasn't a clue what it means.

If you expect me to believe you wouldn't care if ebay told you that you have to lower the price of your coins you're nuttier than I am. You're just backpedaling now and looking pretty silly.
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United States
1534 Posts
 Posted 08/11/2010  10:50 pm  Show Profile   Bookmark this reply Add wheatguy to your friends list
I have to agree with scubu. You getting burned and blasting it on ebay instead of doing the necessary research to not get a bad deal is kinda off IMO. My experience with ebay has been good, and I have no complaints with the site or the company. Most newer collectors seemed to get ripped off there and believe it is all ebay's fault.
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United States
3640 Posts
 Posted 08/12/2010  12:34 am  Show Profile   Bookmark this reply Add Indian1 to your friends list
Current spot melt for 4 grains of 24K is $10.00
What did he use to take those pics ? A microscope !
I never saw a 1 grain gold bar before. I wonder if he/she
messed up and they are 1 gram bars. Even so, if you look below
it states 1 grain bar for sale then it says lot of 4.
1 gram comes out to $40.00
I bet they are 1 gram bars and that is what you get for $40.00
1 bar. So all in all if that is correct, not a bad price for it.
melt.
Pillar of the Community
United States
3640 Posts
 Posted 08/12/2010  12:36 am  Show Profile   Bookmark this reply Add Indian1 to your friends list
Guess I was wrong. It does show 1 grain on the bar.
You would need all 4 just to fill a cavity in a tooth.
Bedrock of the Community
United States
17884 Posts
 Posted 08/12/2010  12:23 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
The only questionable thing I see in that auction is
"With the rising price of gold, this makes a great investment."
since gold would have to skyrocket to just break even.

I do think the auction was unclear about exactly what you are bidding on. Are you bidding on 1 grain of gold or are you bidding on four 1 grain bars?

But fraud? I don't think so. Asking more than something is worth is not fraud.
Valued Member
United States
327 Posts
 Posted 08/12/2010  1:50 pm  Show Profile   Bookmark this reply Add SPQR to your friends list
Ah, I love these type of auctions, I really do.
If a grown up adult pays $40/grain, they've made a poor decision, and will have to live with the consequences.
If the seller is lying about what they get-say it's 10K, for example- then THAT would be fraud by deception.
Valued Member
United States
193 Posts
 Posted 08/16/2010  09:14 am  Show Profile   Bookmark this reply Add mwr1550 to your friends list
Not as many fools on e bay as one would think.
This teeny bit of gold didn't sell
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Australia
3831 Posts
 Posted 08/16/2010  09:32 am  Show Profile   Bookmark this reply Add gxseries to your friends list
Heck if gold ever reach high, oil price should be at least 300+USD/barrel. Unless the USD lost so much value again other major currencies, it's not going to happen as you can't even pay your living expense, much less gold. That of course is another story if some s mess around with the market but then you'll have a massive riot.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
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