Should I Sell My Gold Now?

The best time to sell your gold is when you either need cash or don’t need or want the gold itself.

It sounds simple, but it’s true.

Until you actually sell your gold, you haven’t realized its value.

In fact, just sitting on gold can cost you money in the long run.

What is the best month to sell gold?

Best Quarter to Buy Gold

Since 1975, the second quarter (April through June) has clearly been gold’s weakest and is thus the best time to buy. The third quarter (July through September) has been gold’s strongest.

Is it a good time to buy or sell gold?

The best time to buy gold is in the first quarter of the year, between January and April. If buyers want to wait until the gold is at its lowest price drop, they should wait until March. The month of March has held the lowest average monthly price since 1975, with an average of -0.98%.

How much should I sell my gold for?

When you sell gold coins or bars, you should expect to receive at least 90% to 95% of the current market value. But with gold jewelry, you’re likely to get only 70% to 80% of the melt value.

What is the best way to sell gold?

Tips for Selling Gold Jewelry

  • Don’t act on impulse. Carefully evaluate every piece of jewelry that you are looking to sell.
  • Get an appraisal. Have antique or intricate jewelry appraised before selling it to a buyer that pays by weight.
  • Know what you have.
  • Find a reputable buyer.
  • Shop around.
  • Protect yourself.
  • Know the price of gold.
  • Get realistic.

Is gold up or down 2019?

As 2019 winds down, gold is up 14% for the year so far, helped in large part by three 25-basis-point rate cuts by the Fed. Spot metal was at $1,484.50 an ounce around mid-morning. A number of banks look for the metal to climb to $1,550 or reach $1,600 in 2020.