Should I be freaking out?

[Reub]

Newbie question about buying physical gold:  When you place an order, is your order locked in at a certain price or is it the price of gold when they finally ship?

Thanks!

Goldmart locks it in at the time of purchase but you might have to wait a month or more to actually receive it.

[portart]

I would think supply would be growing fast, all selling and no buying

[Libertarian666]

I would think supply would be growing fast, all selling and no buying

I suspect that no one is selling physical gold, just as in 2010 when there was nothing available for purchase from Kitco. I'd bet that this is all paper selling.

[portart]

If that is the case, more physical buying should be happening under $1,200 unless traders are waiting for an ultimate washout, whatever number that is. I am just rebalancing and waiting.