What is a limit order and how does it work?
In the case of a limit order, customers can use a customer account to make a purchase/sale that will be carried out in the future – and at a price that they have decided for the product themselves. If the current rate falls below or exceeds this fixed price, the order process will be canceled.
In order to do this, select the desired product in our Shop and click the ‘limit order’ button. You then enter your desired price and the validity period and set your limit order. When doing this, you can choose three different time periods: 7, 30 or 90 days, during which all of the information can be altered retroactively. You receive an order confirmation via email. We process your orders in a binding manner, if the relevant price falls below (or exceeds) the lower limit (or upper limit) provided. You will receive your invoice once the order has been executed. Once this has been settled, the order is completed and your package will be sent.
Example – purchase, gold, limit order:
The Gold Philharmonic 1 ounce has a current price of 1,832.17 € (as of 27th January 2022).
However, you would like to buy it at a price of 1,790.- €. Now you can place a limit order for 1,790.- € for a term of 30 days. As soon as the price has been reached or the price has fallen below within the specified period, the limit order is executed. You will immediately receive a confirmation of your order. After we have accepted your offer, you will receive an order confirmation with further instruction for the completion of the order process.