How a Price Lock Works When Buying Bullion
What happens when you lock your price at checkout, and why orders are binding.
When you check out, your price is locked for a short window. Once you place the order, that price is fixed and the order is binding, even if spot moves.
Why lock prices?
Metal prices move constantly. A lock gives you a firm price.
Why is the order binding?
We commit to the metal at your price. Canceling may involve market-loss charges described in our policy.
What if spot drops?
Your locked price stays the same either way.