When are bullion product prices “locked in” or set during the ordering process?
When a confirmed order with specific quantities per bullion item is committed to by the client, preferably by telephone so that all questions that the client may have are answered at that time. The client is given a “quoted price” per item prior to order placement, but precious metals’ prices change minute by minute, and the “locked prices” are based upon the current spot the minute that WCM places the respective order with its distributor(s).
