When buying or selling gold, there are many things that you need to take into consideration. Today we decided to write a post with some useful advice about selling and buying gold.
The first thing we want to point out is that you should either buy gold as an investment or as an insurance policy. If you want to buy gold to sell it later, make sure to buy when it’s cheap and sell when it’s expensive. If you want to buy gold to protect yourself against inflation or financial crises, don’t treat it as something that you’re going to sell soon. Current prices of gold shouldn’t be that important for you, because in the long term, you’ll still make a profit.
As for selling gold, you should keep in mind that selling gold is not always a good idea. If prices of gold are low and you have a lot of gold to sell, it’s better to wait several weeks or several months to get a better deal. Prices of gold vary a lot, and sometimes if you can wait a month or two you can sell your gold for 20% more.
We also want to point out that if you want to buy more gold, you need to find a way to store it safely. Nobody should know about your gold (except for people who you really trust), and you should keep it well hidden. Some people recommend “nighttime gardening”, other people simply buy safety deposit boxes, other people store their gold overseas in a private vault (you can feel like James Bond and store your gold very securely at the same time).
When selling gold, always estimate its value by yourself first. Thanks to this, you’ll get the best price. Please also watch the video below for more info about selling gold: