One Over Spot Announces Grand Opening of Precious Metals Trading Website

One Over Spot, an online auction platform for trading precious metal bullion, announces the grand opening of its website, http://www.oneoverspot.com.

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Carmel, IN (PRWEB) November 30, 2010

One Over Spot, Inc. (OOS), short for 1% over the spot price, announces its new website (http://www.oneoverspot.com)] for trading precious metal bullion including gold bullion, silver bullion, platinum bullion, palladium bullion and certified coins. OOS offers a secure, online auction platform where virtually any quantity of precious metals can be bought and sold for a fee of only 1% of the final value—a much less expensive option for dealers than other auction sites.

“With One Over Spot, dealers who list gold, silver and other precious metals for sale or purchase will experience huge savings over other venues where fees are typically 5-15%. Those savings can translate into significantly lower prices for members looking to acquire precious metals at the lowest possible cost. This in turn can result in a larger market share for dealers. It’s a win-win for both buyers and sellers,” stated Robert G. Davidson, President and CEO of One Over Spot, Inc.

OOS uses the latest technologies to offer a safe, secure and efficient trading environment. Each member must pass multiple verifications and pre-screenings. Each account is authorized using telephone verification, PhoneID verification and an Address Verification System. Additionally, the Advanced Fraud Detection Suite (AFDS) uses sophisticated logic to evaluate all transactions for indications of fraud.

Anti-Shill technology and a comprehensive feedback section are also available for members. Auction Rewind™ and Stealth Proxy™ are both inventions of OOS used to prevent shill and shield bids. Penalties for shill and shield bidding will also be enforced. The comprehensive feedback section allows members to research potential trading partners. It contains member feedback, imported feedback, seller ratings, dispute statistics, account status, canceled listings, retracted bids, suspensions, policy violations and other statistics.

OOS offers soft-close auctions and multiple auction types including English Forward and Reverse, Dutch Forward and Reverse, and Buy Now and Sell Now. There are no limits on value of trade.

About One Over Spot, Inc.
With over 2 years of development and personal financing, OOS uses the latest technologies available to offer a platform similar to eBay where various categories of bullion can be bought and sold. They offer many benefits that similar sites do not, including the lowest fee schedule in the industry, a safe and secure website, member verification, free membership, and unlimited trade size and volume.

To become a member of the OOS community please visit http://www.oneoverspot.com.

Media Contact:
Robert Davidson
317-660-1667
Bob(dot)Davidson(at)oneoverspot(dot)com

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