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Review Rating : 5
Review Date : May 12, 2019
Reviewer : Robert Happek
Among many very good and competitive online precious metals dealers, Texas Precious Metals distinguishes itself by offering the option to place a limit order. Say, the spot price of gold is $1,290, but you anticipate lower gold prices of $1,270. You can place a limit order for your favorite gold coin at spot of $1,270 plus a specific coin dependent premium. If the spot price does not reach your expected price of $1,270 within a specified period (say one month), the limit order expires without any expense to you. However, if the spot price does reach indeed $1,270, then your order is executed and you will have to send a check to Texas Precious Metals for the executed order. This is a very sophisticated tool which allows the buyer to buy precious metals at lower than prevailing prices. The beauty of this order is that your limit order will be executed even if the gold price drops to $1,270 only for a few seconds or minutes.