Silk Road forums
Market => Product offers => Topic started by: Shroomeister on August 23, 2012, 09:34 pm
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Just curious.
Is there any market for this?
I can't believe that no one has any listed on SR.
Is it against some SR rule? I don't think it is.
I have some gold.
REAL gold bullion.
Authentic, sealed mint, with certificate.
I would not sell it for any type of "deal", but it could be viewed as an investment.
It should go without saying I would offer FULL ESCROW for any reputable buyer.
...just testing the waters here.
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Not for me without cheeky resale potential.
I did see a few silver bullion listed though, at a similar price to what it's going for IRL, so I'd think there'd be a market for it man.
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Yeah, its not a "deal on lifted gold."
...it would be close to market price. It could be a way for a vendor (through a buyers account) to cash in on some BTC. In theory anyway.
Thanks for the reply.
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I think it would be a wonderful service if there was a reputable source who was able to consistently offer it.
Even if it was slightly higher than market value it would provide a good method of cashing out for vendors, as most methods of cashing out have transaction fees associated.
Besides, who doesn't want a safe full of gold bars to show off their hard work 8)
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I think it would be a wonderful service if there was a reputable source who was able to consistently offer it.
Even if it was slightly higher than market value it would provide a good method of cashing out for vendors, as most methods of cashing out have transaction fees associated.
Besides, who doesn't want a safe full of gold bars to show off their hard work 8)
LOL. That was my thought... I will continue to explore this.
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Do you have the gold in stock? I would assume you are selling american gold eagles, right? Spot price or how far from it? For me most of the fees are incurred when selling the gold, not buying it, so I would hope it would be on or very close to spot for it to be worth it. Other services that offer bitcoin to gold don't keep the gold in stock and I think they don't even attempt to procure the gold until their btc has been cashed out. So turnaround time is horrible.
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Do you have the gold in stock? I would assume you are selling american gold eagles, right? Spot price or how far from it? For me most of the fees are incurred when selling the gold, not buying it, so I would hope it would be on or very close to spot for it to be worth it. Other services that offer bitcoin to gold don't keep the gold in stock and I think they don't even attempt to procure the gold until their btc has been cashed out. So turnaround time is horrible.
Yes in stock. this would not be a "full-time business" just selling off some that I have. It would be close to spot plus maybe a small percentage for anonymity +SR fees + shipping.
I would NOT sell anything that I do not have in my possession and I would be willing to take steps (for the buyer) to prove that.
E.G. - picture of the ACTUAL bullion you would receive (with the serial blurred) with the current date and SR name etc.
Not Golden Eagles.
Mostly Swiss bullion "Credit Suisse" Here is a google image link to what I am talking about:
CLEAR NET!!! -
https://www.google.com/search?um=1&hl=en&biw=1066&bih=526&tbm=isch&sa=1&q=credit+suisse+gold&oq=credit+suisse+gold&gs_l=img.3..0l2j0i24l8.3739.4403.0.4602.5.5.0.0.0.0.191.469.2j2.4.0...0.0...1.DCknHDaIeZY
Those are all different sizes, these are small, not uncle scrooge swimmin around in his money pit gold. :)
....I know what you mean about others not keeping stock. "They" suck. I used them once quite some time ago and they took forrrreeevverrr. I actually thought I got robbed. :\
Their site states something like 14-17 days from order to receipt. I recall it took something like 35-40 days. After I got it from them I thanked them for not ripping me off......and then told them that I would never use them again because of how long they took.
Things may have changed, but I have not tried to find out.
PS - some of those images show the bullion with a full binder and certificate. I have never acquired any of those binders, but the cert is exactly that. Matching serial numbers and all.
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Another note:
Either all those images are old or all those images are new and my gold is old, but the way most of it is packaged is not the way I had received mine.
But rest assured that what I have is 100% legit and comes with a cert matching the serial. Not looking to scam anyone here.
....maybe I'll get a pic of one of my pieces up just for an apples to apples comparison.
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<removed>
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I am also interested as long as you offer point pricing at current rates.
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I'm sure that vendors would be all over this. It would make the whole process of converting BTC to government currency a whole lot easier.
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Of course everyone would want it @ spot.
Hell why not below spot?!
What I would (still hypothetical) be providing in an anon service.
Limited by design.
I would either be giving you a SOLID investment to sleep on, OR I would be helping you cash out.
I am not a smelter. I would need to make mine.
Like I said this isnt stolen, there is no "deal to be had"
Here is a REAL example:
Gold gram bar calculations use the live gold price for August 23, 2012:
Gold $1665.50/oz -4.60
Description Gold Value (USD)
1 gram gold bar $53.54
2.5 gram gold bar $133.86
5 gram gold bar $267.73
10 gram gold bar $535.47
20 gram gold bar $1070.94
50 gram gold bar $2677.35
100 gram gold bar $5354.70
So 5g Gold Bar = $267.73
I would need 10% on top of that = $26.77
....$294.50
Plus SR listing fees...comes to $316.67 then shipping which would be another $7-$8 dollars. (may need to send it registered and ask for a sig)
Suffice it to say. $325 total.
That would be a real number that I would be comfortable with.
Forget about SR fees and shipping, those are necessary "evils", we all wish SR and USPS would do all this for free huh?
I would be "profiting" less then $30 off of that particular example there.
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Would your commission percentage be lower for larger orders?
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Would your commission percentage be lower for larger orders?
I don't know, im making this shit up as I go along. :)
I mean if you are asking could someone potentially cut a deal, then sure I am always open to discussing things, but It would be bit hard to budge as I am trading "you" solid gold; has had value for the last 2000 years and "you" are trading me BTC which could or could not be worth the (now gone) electricity used to mine them the day after you get your gold.
I exaggerate a lot, but its for effect.
Know what Im saying?
...I mean maybe based on size...a percent of two lower, but a 10% mark up on anonymous precious metals is a hell of a deal the more I think about it.
Remember the mark up would be for the service, the value is face value.
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If one wanted to take the BTC > gold > cash route, taking into account your commission rate and the cut that the average "cash for gold" store will take off the top, is it safe to say that you'll end up getting ~80% of your BTC value in cash?
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We are very sure if DPR & Team were to decide they would waiver the fee for gold transactions..
This is the Galts Gulch currency and if it becomes a way of cashing out BTC and helping SR in the whole we dont see why for this a fee should be asked.
Of course one would need to be verified and could not become a bullion dealer without a certain number of other tx etc..
but this would be really great.. we would also be very interested in that..but it seems it is only good if there is no SR fee for that !
Please check with DPR!
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Very interested! When is the store up?
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Are most ppl interested in bars or coins? Any interest in silver bars or coins?
Shroomeister are you offering named bars or is it industrial gold melted down into bars?
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If one wanted to take the BTC > gold > cash route, taking into account your commission rate and the cut that the average "cash for gold" store will take off the top, is it safe to say that you'll end up getting ~80% of your BTC value in cash?
I can not say what any "cash for gold" type of place would pay. They are all VERY different. They are going to try to get it for as cheap as possible. They also try to confuse by dealing with Penny Weight (DWT)
Troy oz = 31.1g
20 penny weight = 1Troy oz
so....
1Toz = 20dwt
So
#g / 1.555 = dwt weight
from my example above
5g / 1.555 = 3.21dwt
I say all that because if you want an answer to your question call around or email the cash for gold places and ask
"what do you pay for pure (24k) gold per penny weight?"
multiple that number by 3.21 (in this example) to find out what they would pay you for the 5g bar I am talking about above.
If you do that..let us know what your results are. Im sure everyone would want to know. Maybe I'll call some places for fun.
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We are very sure if DPR & Team were to decide they would waiver the fee for gold transactions..
This is the Galts Gulch currency and if it becomes a way of cashing out BTC and helping SR in the whole we dont see why for this a fee should be asked.
Of course one would need to be verified and could not become a bullion dealer without a certain number of other tx etc..
but this would be really great.. we would also be very interested in that..but it seems it is only good if there is no SR fee for that !
Please check with DPR!
LOL. Good luck with that one. You get that done and I'll become the Goldmeister. haha.
...nah I like shrooms too much.
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Very interested! When is the store up?
I haven't decided if this is something I want to do yet or not. This thread was simply to promote discussion (and it has). It has raised some good questions and hopefully answers.
PS - Are you US based? Im not sure I would ship internationally.... :\
If I did decide to ship internationally, I would absolutely require a signature. but there is still a lot of risk and time involved with customs and such. It would have to be declared. Drugs stuck in customs is one thing. a gold bar is something entirely different.
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Are most ppl interested in bars or coins? Any interest in silver bars or coins?
Shroomeister are you offering named bars or is it industrial gold melted down into bars?
Named and numbered bars with certificates. See above. (or below)
Another note:
Either all those images are old or all those images are new and my gold is old, but the way most of it is packaged is not the way I had received mine.
But rest assured that what I have is 100% legit and comes with a cert matching the serial. Not looking to scam anyone here.
....maybe I'll get a pic of one of my pieces up just for an apples to apples comparison.
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There is also Coinabul if people want to go buy it from a website, they accept BTC as a form of payment.
Yup. There is. This quote was about them. Granted it was a long time ago, but it was enough to make me never use them again.
....I know what you mean about others not keeping stock. "They" suck. I used them once quite some time ago and they took forrrreeevverrr. I actually thought I got robbed. :\
Their site states something like 14-17 days from order to receipt. I recall it took something like 35-40 days. After I got it from them I thanked them for not ripping me off......and then told them that I would never use them again because of how long they took.
Things may have changed, but I have not tried to find out.
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I would be VERY interested in bars. Only if you were US Domestic. You're prices seem fair so hell I'd purchase. A lot. But I would most likely wait for 10 to 15 positive feedback to be sure its legit.
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Your bar prices are a very nice price.
They are +/- $10 from my prices for bank transfer rate from my commercial gold/silver supplier
Awaiting photos and your store to open!
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I would be VERY interested in bars. Only if you were US Domestic. You're prices seem fair so hell I'd purchase. A lot. But I would most likely wait for 10 to 15 positive feedback to be sure its legit.
Yes. I am US based. You could gladly choose to wait as long as you like, but I am already a highly rated vendor (with all modesty implied)
I am not even sure I would ever create 10-15 gold transactions so you could be waiting a long time.
I'll take this one step further and post a picture, but Im still on the fence on if I want to pull the trigger or not.
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http://xfq5l5p4g3eyrct7.onion/view.php?image=ea3320e569b153322531372b4e306576.jpg
Penny is for size comparison and to cover the serial # which matches the blacked-out line on the bar itself also.
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Are your bars with certificates sealed within the plastic? I was told that broken seals will drop the bar's value by 10%.
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Are your bars with certificates sealed within the plastic? I was told that broken seals will drop the bar's value by 10%.
the gold is in a sealed (mint) plastic "thingy"
The certificate is loose.
...but it all depends, some of them are different, but as a whole they are like above (you see the picture?) sealed.
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Gonna bump this because the way the gold price is heading if you buy now you will have profited in about 1 month.
We are talking about over $1750USD per a ozt!
FULL ESCROW AVAILABLE! Will be sent Express. Expect deal to finalize within 24hrs.
that way we both are happy, quickly.
http://silkroadvb5piz3r.onion/index.php/silkroad/item/fded5db3d1
Get it while its listed.
Read Rule #3 if you have a concern - contact me. I want this piece gone! :)