Penny Auction BidWealth.com Specializes in Gold and Silver Bars for Just Pennies on the Dollar

In the past few months, BidWealth.com has embraced the increasing value of precious metals by launching to auction off gold and silver in the form of coins and bullion. End Quote

We didn't want to be just another penny auction selling the same old things.

(1888PressRelease) August 25, 2011 - Gold and silver is becoming attractive to most consumers who want something tangible to invest in rather than an idea that could go down flaming with the stock market. This is why buyers are rushing to penny auctions. In the past few months, several reputable penny auction sites, like BidWealth.com, have started to auction off gold bars and sliver bars for just pennies on the dollar. Although many sites that generally specialize in electronic PRODUCTS, have dipped their toes in the water, only one has emerged as the World's first all precious metals penny auction. That company is BidWealth Inc. "We didn't want to be just another penny auction selling the same old things." Said Adam Kanter, "We want to be an avenue for TRUE WEALTH CREATION. Refurbished iPods, Computers; standard penny auction fair, you can get ANYWHERE. Pure Gold Silver and Platinum for 90-99% off retail? BidWealth is the only place in the world that specializes in this."

Since late 2008, the value of gold has more than doubled, and throughout history, gold has always been the most popular investment of all the precious metals. As the United States economy, stock market and government debt has taken quite a turn, investments in precious metals, specifically gold and silver, have increased.

Because bullion bars cannot be purchased over the counter in the US like in other countries, penny auctions have taken advantage of the increasing value of gold and silver as well as the growing demand. Generally, BidWealth auctions feature gold, silver and platinum bars and coins that are between 1 gram and 1 ounce. BidWealth only offer gold, silver and platinum that are .9999 fine, (which according to GEM Affair, means each bar is 24 karats containing 99.9 % pure gold) or pure silver bars marked .999 fine.

Following BidWealth.com's lead, you'll start to see more penny auctions popping up that feature gold bars and silver bars. If you're looking to follow the trend of the increasing value of gold and silver, or you're simply worried about the decreasing value of paper currency like millions of other Americans, try bidding on some specialty bars at a penny auction site that will save you a lot of money and be a great investment in return.

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