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- - Jason Hommel (http://goldismoney.info/forums/showthread.php?t=337776)

unalga | 01-08-2009 05:30 PM
Jason Hommel Seems like he does not like the "free market" system as much as he always rants about. Looks like he wants a "no risk" situation for himself these days. Thought free market was you win some , you lose some. Not for him though I guess. Even wants to bid himself if necessary. Hmmmmmmmmmm..:signs14:

Twisted Avatar | 01-08-2009 05:57 PM
Re: Jason Hommel 1 Attachment(s) What I wouldnt give. Just one time.

latemetal | 01-08-2009 08:26 PM
Re: Jason Hommel Would you mind expanding on your complaint?:15_1_70v:Otherwise this thread will be a waste of bandwidth.:s15: Quote:
Originally Posted by unalga (Post 1502636) Seems like he does not like the "free market" system as much as he always rants about. Looks like he wants a "no risk" situation for himself these days. Thought free market was you win some , you lose some. Not for him though I guess. Even wants to bid himself if necessary. Hmmmmmmmmmm..:signs14:

Gcubed | 01-08-2009 08:30 PM
Re: Jason Hommel Is Jason stuck with a bunch of grain? I thought he was going to pour new bars.:confused_m:

SilverCaper | 01-08-2009 08:30 PM
Re: Jason Hommel By: Jason Hommel, Silver Stock Report -- Posted 8 January, 2009 | Digg This ArticleDigg It! | Discuss This Article - Comments: 2 (A different perspective on what drives silver prices.) Silver Stock Report There is a LOT of silver up for auction tonight at www.seekbullion.com, both bars and coins. Peter has bar auctions ending at 6PM Pacific, and I have coin auctions ending at 8PM Pacific. Before I get to the guest essay, I must inform my readers of a change in the terms of my silver auctions at www.seekbullion.com. I can no longer take the risk to offer silver for auction starting at $1/oz., since I've taken a few losses this week in my auctions. (This means if you bought this last week, you got a fantastic deal!) In the future, I must start the bidding at the spot price of silver, plus all my costs, and to do that I might have to add bids as needed, as the silver price moves up. I liken this change to me being no longer willing to be so daring as to walk the tight rope without a net underneath, or race a downhill without protective nets around the turns. I also realize that I underestimated my costs, due to two factors. I forgot to include listing fees, and forgot to include the spread in silver prices, so I took a bit of a hit. It's ok. I'll survive, and be stronger for it. Some may think that my change is not a free market process. But it is. The free market is when a willing seller, and a willing buyer, are both willing to trade, without undue force. I'm not really willing to sell at a loss on a regular basis, and nobody should be expected to. Nobody has a right to force me to sell silver at a loss. Yes, ebay does not let anyone bid on their own auctions, but when has ebay ever understood the finer points of the precious metals markets? The entire point of setting up a metals site is because ebay is not efficient enough. So far, none of my readers have complained to me, although some have complained to the owner of www.seekbullion.com, Peter Spina, who also runs silverseek.com and goldseek.com. As always, since I know that the free market is a competitive market, I'll continue to do everything I can to lower costs in all areas, so as to be able to offer silver to my readers in forms most desired at the lowest possible prices. And our prices are lower than at ebay, due, in part, to fewer people being aware of www.seekbullion.com. Today's guest essay is from the man who pushed me the hardest to start dealing in silver, who I met online a few months ago. So, my customers and I owe him a bit of thanks, so pay attention to what he has to say. more...

Gcubed | 01-08-2009 08:33 PM
Re: Jason Hommel Quote:
Originally Posted by SilverCaper (Post 1502902) By: Jason Hommel, Silver Stock Report -- Posted 8 January, 2009 | Digg This ArticleDigg It! | Discuss This Article - Comments: 2 (A different perspective on what drives silver prices.) Silver Stock Report There is a LOT of silver up for auction tonight at www.seekbullion.com, both bars and coins. Peter has bar auctions ending at 6PM Pacific, and I have coin auctions ending at 8PM Pacific. Before I get to the guest essay, I must inform my readers of a change in the terms of my silver auctions at www.seekbullion.com. I can no longer take the risk to offer silver for auction starting at $1/oz., since I've taken a few losses this week in my auctions. (This means if you bought this last week, you got a fantastic deal!) In the future, I must start the bidding at the spot price of silver, plus all my costs, and to do that I might have to add bids as needed, as the silver price moves up. I liken this change to me being no longer willing to be so daring as to walk the tight rope without a net underneath, or race a downhill without protective nets around the turns. I also realize that I underestimated my costs, due to two factors. I forgot to include listing fees, and forgot to include the spread in silver prices, so I took a bit of a hit. It's ok. I'll survive, and be stronger for it. Some may think that my change is not a free market process. But it is. The free market is when a willing seller, and a willing buyer, are both willing to trade, without undue force. I'm not really willing to sell at a loss on a regular basis, and nobody should be expected to. Nobody has a right to force me to sell silver at a loss. Yes, ebay does not let anyone bid on their own auctions, but when has ebay ever understood the finer points of the precious metals markets? The entire point of setting up a metals site is because ebay is not efficient enough. So far, none of my readers have complained to me, although some have complained to the owner of www.seekbullion.com, Peter Spina, who also runs silverseek.com and goldseek.com. As always, since I know that the free market is a competitive market, I'll continue to do everything I can to lower costs in all areas, so as to be able to offer silver to my readers in forms most desired at the lowest possible prices. And our prices are lower than at ebay, due, in part, to fewer people being aware of www.seekbullion.com. Today's guest essay is from the man who pushed me the hardest to start dealing in silver, who I met online a few months ago. So, my customers and I owe him a bit of thanks, so pay attention to what he has to say. more...
:111: :111: :111: :111: :111:

Gcubed | 01-08-2009 08:35 PM
Re: Jason Hommel Jason may need to learn to hedge. :ok:

unalga | 01-08-2009 09:15 PM
Re: Jason Hommel Quote:
Originally Posted by latemetal (Post 1502896) Would you mind expanding on your complaint?:15_1_70v:Otherwise this thread will be a waste of bandwidth.:s15:
His comments seem to say it all if you ask me. We need free market until it does not work for him. At that point we need to set limits? He is free to do whatever he wants, his silver, his business. But after all the preaching, I find it a little odd. But that IS where the free market applies. As I don't agree, I don't bid. To each their own, which is where MY opinion comes from.:36_1_30:

phideaux | 01-08-2009 09:57 PM
Re: Jason Hommel I think Jason has been talking to Ted Butler. Jason now has his own Izzy: Isaac Kahan. :biggrin:

Twisted Avatar | 01-08-2009 11:53 PM
Re: Jason Hommel 1 Attachment(s) Quote:
Originally Posted by unalga (Post 1502942) His comments seem to say it all if you ask me. We need free market until it does not work for him. At that point we need to set limits? He is free to do whatever he wants, his silver, his business. But after all the preaching, I find it a little odd. But that IS where the free market applies. As I don't agree, I don't bid. To each their own, which is where MY opinion comes from.:36_1_30:
Yup......... He speaketh with forked tongue

Workaholic | 01-08-2009 11:56 PM
Re: Jason Hommel Looks like a bad batch of CS there, TA

latemetal | 01-09-2009 05:57 AM
Thanks to SilverCaper, I understand whats this all about.:wink: Quote:
Originally Posted by unalga (Post 1502942) His comments seem to say it all if you ask me. We need free market until it does not work for him. At that point we need to set limits? He is free to do whatever he wants, his silver, his business. But after all the preaching, I find it a little odd. But that IS where the free market applies. As I don't agree, I don't bid. To each their own, which is where MY opinion comes from.:36_1_30:

esoteric | 01-09-2009 07:05 AM
Re: Jason Hommel jason is able to "explain" and try and "justify" anything which suits and benefits himself. the funniest part has to be when he starts getting all biblical about it.

Twisted Avatar | 01-09-2009 07:21 AM
Re: Jason Hommel Quote:
Originally Posted by esoteric (Post 1503450) jason is able to "explain" and try and "justify" anything which suits and benefits himself. the funniest part has to be when he starts getting all biblical about it.
You are very much correct!!! I have seen him do that several times and had a personal exchange with him. He is a shining reason why some people(like myself) break out in hives when they start talking about the christian bible being the truth. Hommel wraps himself up in it and he is the biggest liar of all. Shameful. T

JD4x4 | 01-11-2009 11:16 AM
Re: Jason Hommel Being a relative newb to PM's and to the "movers and shakers" in it, I don't quite get the position that selling something for less than cost is necessary to participate in a free market system. Not a snide remark there.. just rather curious to the rationale. If selling at spot covers his costs, then imo that should be his start point. True that maybe someplace between $1 and spot is likely to cover his costs, but that's kind of irrelevant to my question. Btw, I know nothing about his auctions and almost nothing about the guy or his philosophy.

unalga | 01-11-2009 01:49 PM
Re: Jason Hommel Quote:
Originally Posted by JD4x4 (Post 1506469) Being a relative newb to PM's and to the "movers and shakers" in it, I don't quite get the position that selling something for less than cost is necessary to participate in a free market system. Not a snide remark there.. just rather curious to the rationale. If selling at spot covers his costs, then imo that should be his start point. True that maybe someplace between $1 and spot is likely to cover his costs, but that's kind of irrelevant to my question. Btw, I know nothing about his auctions and almost nothing about the guy or his philosophy.
This only gets me because he has been expounding on free market silver for so long. If he even set a "start" point would be one thing. But to add that he may do his own bidding to get the price up is flat out wrong. Anyplace else, shilling an auction like that could be considered fraud.:452: Having silver for immediate delivery is great, but don't wrap your business with so much holier than thou packaging. JMHO of course.:36_1_30:

budfox | 01-11-2009 02:41 PM
Re: Jason Hommel 1 Attachment(s) Maybe he should trade these......Hummels

mshen11 | 01-11-2009 08:34 PM
Re: Jason Hommel dont you know? JH is in the right because god wills it so

HomesteadHarry | 01-15-2009 03:58 PM
Re: Jason Hommel Quote:
Originally Posted by unalga (Post 1506638) Anyplace else, shilling an auction like that could be considered fraud.:452:
I think you pissed someone off. Quote:
Silver Stock Report: Am I Shill Bidding? No!‏ Nevertheless, people across the internet have slandered me once again, accusing me of "shill bidding". Fortunately, enough people understand the reality of the situation to come to my defense. I'm not shill bidding, which is placing a secret bid on your own auctions in another name, designed to trick bidders into bidding too high. I'm bidding on my own auctions, in my own name, in the open, at a pre-stated price, of spot plus $2/oz., which, tonight, is $13.81/oz. I'm not deceiving anyone, which is what shill bidding is designed to do.
QUIT LURKING HOMMEL! :15_1_70v:

Matt-themaddog-Dollar | 01-15-2009 04:16 PM
Re: Jason Hommel He's not doing anything wrong. He's not forcing anyone to buy his silver. Just don't read his articles and you'll be OK.

SLV>GLD | 01-15-2009 04:21 PM
Re: Jason Hommel My only surprise is that the guy still has an audience at all. TA's first post in this thread sums it up perfectly.

SLV>GLD | 01-15-2009 04:23 PM
Re: Jason Hommel Quote:
Originally Posted by Matt-themaddog-Dollar (Post 1513732) He's not doing anything wrong. He's not forcing anyone to buy his silver.
He talked big and tried to put his silver where his big, stupid mouth was and got burned and now he is eating his words in hopes that it soothes the wounds on his tongue. By intentionally breaking eBay's terms of use through shill bidding I'd say he is doing something wrong.

mshen11 | 01-16-2009 08:42 AM
Re: Jason Hommel he doesnt want to lose money anymore because the porfolio he's been pumping has lost 50 60 70% of its value. and guess what he's selling all his silver mining stocks (or the ones that are liquid enough to be sold). so much for confidence of silver huh?

unalga | 01-16-2009 10:35 AM
Re: Jason Hommel I will be very surprised if his "auctions" continue through the year. As he seems to want his cake and be able to eat it too. With the pice bottom and protection he wants, his "auctions" put prices to the point you can just buy from a regular dealer instead. "Tulving" has 100 ounce bars at .99 over spot and rounds 1.99 and 10 ounce 1.29 Free shipping and no preaching. I have no problem with his "price floor", just quit calling it an auction and trying to take credit for doing us a favor.:SLEEP:

mshen11 | 01-16-2009 11:29 AM
Re: Jason Hommel i think only his most loyal followers will attempt to buy from him auction style... anyone else is not deluded enough to think POS is $20/oz he good at callign a spade a club

igorthesmall | 01-16-2009 12:03 PM
Re: Jason Hommel Essentially he wants to sell his silver for a guaranteed profit every time. Thats fine, thats what every dealer does. The problem is that he is pretending that he has a "free market auction" going. Its no different than if Tulving was selling with the stipulation that if someone called him and offered a higher price for something he promised YOU, that he would sell to them instead. Of course that wouldnt go over very well. Basically Hommel wants to be a dealer, but he also wants to maximize the price he is selling for by using an auction. This is going to turn out badly for him but he will rationalize it away anyhow. I never paid any attention to the guy in the past, and wont going forward either, but I do find his behavior pretty funny.

SLV>GLD | 01-16-2009 04:15 PM
Re: Jason Hommel Last night I was at my favorite beer shop enjoying a fine brew and perusing an issue of Beer Advocate when I ran across this picture. I about fell out before I read the caption and realized it wasn't Jason Hommel. Separated at birth? http://goldismoney.info/forums/pictu...&pictureid=428 http://www.silverseek.com/2006/jasonhommel.jpg

dolf | 01-18-2009 09:22 AM
Re: Jason Hommel I have no problem with they guy bidding on his own auctions- only because I refuse to bid on them. The biggest problem that I can see is if somebody still won with Hommel having the second highest bid. If I won his auction @ $13 an ounce after he bid 12.99 I would be some upset. Say my bid had stood at $12 prior to his �insurance against loss� bid- having the site automatically bid you by proxy to $13 is a crock. I used to read what he wrote just to expose myself to everything- just as I read everything that Nadler writes. I am now through- every post he has made in the last two months is either promoting his auctions or explaining away why it is alright to rob people by bidding at the last minute. I don't know if it is alright to bid on your own auction- but when you have proxy bids I can damn near grantee it is fraud.

Twisted Avatar | 01-18-2009 09:54 AM
Re: Jason Hommel Truth needs no defense........if you are decent folk your character is unassailable. Hommel is not........not anything close....... and everytime he opens that piehole of his he makes it ten times worse. Lying @$$ Shill. T

RKaz | 01-18-2009 10:02 AM
Re: Jason Hommel I actually used to read some of his "newsletters"... but since a few months ago when all he does is pimp his auctions i unsubscribed...

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Gold & Silver Forum (http://goldismoney.info/forums/index.php)
- Gold - Silver - Coins - Numismatics (http://goldismoney.info/forums/forumdisplay.php?f=51)
- - Jason Hommel (http://goldismoney.info/forums/showthread.php?t=337776)

igorthesmall | 01-18-2009 02:52 PM
Re: Jason Hommel His latest email links to his mom who apparently is selling Barack Obama 1 oz silver rounds for $20 a piece, lol.

Murphy's Law | 01-18-2009 02:59 PM
Re: Jason Hommel Quote:
Originally Posted by RKaz (Post 1517127) I actually used to read some of his "newsletters"... but since a few months ago when all he does is pimp his auctions i unsubscribed...
So did his "newsletters" ever go bearish on silver while his auctions were going on?:rofl:

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