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Re: Should I be freaking out?

Posted: Thu Dec 19, 2013 12:54 pm
by Reub
PP67 wrote: 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.

Re: Should I be freaking out?

Posted: Thu Dec 19, 2013 1:26 pm
by portart
I would think supply would be growing fast, all selling and no buying

Re: Should I be freaking out?

Posted: Thu Dec 19, 2013 1:28 pm
by Libertarian666
portart wrote: 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.

Re: Should I be freaking out?

Posted: Fri Dec 20, 2013 7:31 am
by 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.