The Best Time to Buy or Sell Gold

The ultimate investment has it that always buy low and sell high. Unfortunately, this is easier said than done since it is hard to predict how low an asset can go as you watch your money disappear. When it comes to cash for gold transactions, the dynamics and strategies are different. If you are wondering what the best time to purchase gold is, here is a guideline.

While the economy can be unpredictable, purchasing gold before a recession is one of the best decisions you will ever make. The worse the market recession, the higher the price of gold. But how can you tell a market crash is coming with most financial elites dismissing the signs and equating them to paranoia? International economic insecurity, explosive national debts, and the yield curve are all signs of a failing economy.

If you are investing by buying low and selling high, the second week of January is the best time to go for cash for gold. From here, the price is on a steady high, with a slight summer dip between April and June. However, note that there are other macroeconomic trends with complex variables that cause price fluctuations.

As the US dollar constantly depreciates, the gold value remains unchanged or appreciates. Approximately 100 years ago, a pound of gold could purchase a Ford Model T. Present day, the same pound of gold can buy a truck or a decent mid-sized car. Unlike what most people believe, there is no such thing as price inflation to gold value, and instead, what people suffer from is depreciated paper currency.

When it comes to cash for gold transactions, there are plenty of novices and grifters. Always consult with a monetary exchange expert for sound financial strategy and decision-making that will earn you actual money.