What is gold unfixed price transaction?

Question

What is gold unfixed price transaction?

Answer 1

Do not engage in any transaction unless you understand exactly what the transaction entails.  Gold prices change, sometimes rapidly.  You can look at them on-line at time at:

http://www.kitco.com

An "unfixed price" means that the price is not set when you agree to the transaction.  The price is set at a later time, most likely upon delivery, but read the terms of the transaction!   Gold prices are undergoing a correction right now, but I expect them to increase over the long run.

Grandpa