What should a buyer understand before placing a deposit that locks a gold rate?
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A rate-lock deposit needs written terms identifying the metal quantity, purity, locked rate and what happens if the order changes or is cancelled.
Clarify whether the agreement fixes only the metal component or the entire finished price, and when the balance and delivery are due. Ask who bears a later rate movement and what evidence confirms the booking. Do not treat a deposit receipt alone as a complete price guarantee. Get independent advice before accepting unclear or substantial financial commitments.
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US Federal Trade Commission
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US Federal Trade Commission
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