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<p>[QUOTE="john65999, post: 7883213, member: 111931"]they have auctions that are akin to this..you pay 5.00 for 10 "bids" each bid is worth 1 cent, you have to pay for the right to bid, bidding starts at a penny (for some items, even bars of gold i have seen, or tv's or vacations) and each person then bids at 1 cent increments till your "bids" are used up, then you need o buy another block of 10..the person has a one ounce bar of gold up..it might sell for 300.00 (i have seen this in real life) but think about it, first the dealer gets the 300.00 bid for the item....also he sold 30,000 slots at 50 cents per shot, so that is another 15,.000.00 he made for the ounce of gold ...bids last 5 minits i believe, and if someone outbids you (by one cent) the clock restarts to 5 minits, and on and on..whoever thought of this is a genius...it is legalized lottery...[/QUOTE]</p><p><br /></p>
[QUOTE="john65999, post: 7883213, member: 111931"]they have auctions that are akin to this..you pay 5.00 for 10 "bids" each bid is worth 1 cent, you have to pay for the right to bid, bidding starts at a penny (for some items, even bars of gold i have seen, or tv's or vacations) and each person then bids at 1 cent increments till your "bids" are used up, then you need o buy another block of 10..the person has a one ounce bar of gold up..it might sell for 300.00 (i have seen this in real life) but think about it, first the dealer gets the 300.00 bid for the item....also he sold 30,000 slots at 50 cents per shot, so that is another 15,.000.00 he made for the ounce of gold ...bids last 5 minits i believe, and if someone outbids you (by one cent) the clock restarts to 5 minits, and on and on..whoever thought of this is a genius...it is legalized lottery...[/QUOTE]
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