During my recent trip to Europe, there were many interesting meetings and conversations. One of the most meaningful was with a good friend and colleague Mr. Eric Lemaire.

Eric is a true free-market thinker and has worked at producing true price discovery in the gold and silver markets. Eric suggested that, because eBay was already in existence and is a worldwide system, real price discovery could be obtained.

Staying reserved as I pondered this insight, it did make sense that this certainly is a way to establish what silver and gold are really selling for in the retail sector.

As Eric explained, he thought one of the few worldwide, public pricing systems is eBay, so he had been working on the subject for quite awhile to find a way to extract the price of gold and silver out of eBay.

Eric recently launched the following Web pages:

Gold on eBay, worldwide: http://www.24hgold.com/english/buy_sell_gold_coins.aspx?co_id=0

And silver on eBay, worldwide: http://www.24hgold.com/english/buy_sell_silver_coins.aspx?co_id=0

Here is how they work. Gold and silver coins with offers on eBay appear on the page, listed by country. For each coin, you will find:

· Its name, fine weight, and instant metal value.

· The price of last sales on eBay to track the price: average price, premium over spot price of gold (or silver), the implied gold or silver value per ounce, and yesterday's average price for this specific coin.

· The current offers on eBay worldwide, with the respective number of offers. You can click on the eBay buttons to get directly to the eBay page with all the coins for sale.

· Various eBay tools relevant to this coin—Buy It Now, Newly Listed, Ending Soonest, and Completed Listings.

There is also a link to go to eBay directly if you are looking for something else.

Since eBay is different for each country, we have eBay pages for Canada, the United States, Australia, France, and the United Kingdom.

Eric stated it is his wish that this tool will be useful to anyone who is interested in gold and silver and that it will help people get more physical metal in their hands, which is the key to wrecking the cartel.

Eric Lemaire can be contacted at editor@24hgold.com < editor@24hgold.com >.

I did not have time to get into the actual computer programming that was required for this project, but let me publicly state it must have been a heck of a project. Further, several new Web-based auctions are taking place for the precious metals—in particular, silver. My current schedule does not allow me to review them all in this week's missive, but I do want to bring to the readers' attention that many new and seasoned precious metals investors are amazed by the spreads that are currently being determined in the marketplace.

Additionally, many investors are moving to the exchange itself to take delivery of industrial-size bars, to obtain silver and gold very close to the quoted New York price and/or London fix.

It is an honor to be,

By David Morgan,
Silver-Investor.com

Mr. Morgan has followed the silver market daily for more than 30 years. Much of his Web site, www.silver-investor.com , is devoted to education about the precious metals . David Morgan believes NOW is the time for baby boomers who want to retire comfortably and without fear to start investing in precious metals. Now you can discover his Ten Rules of Silver Investing for Baby Boomers, when you sign up for his free newsletter here .

Contact information: silverguru22@hotmail.com

Disclaimer: The opinions expressed above are not intended to be taken as investment advice. It is to be taken as opinion only and I encourage you to complete your own due diligence when making an investment decision.

David Morgan Archive

Comments

Post Comment (Moderated)

Subject:

Name:

E-mail address (will not be published):

Comment:

(Note Commenting Issue: If after Submitting you are returned to the Main Index Page then due to site caching your comment has not been accepted. Solution - Click the Browser Back Button to the article page and Press PAGE REFRESH (you should see the message "You are not authorized to carry out this operation") Now re-enter your comment (ignoring the notice) - If all's well then you will remain on the article page after submitting, a moderator will check and authorise the comment. Alternatively EMAIL to comments @ marketoracle.co.uk , quoting the article number.

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2009 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.