We’ll keep publishing these in the years ahead too. So when buying from us we’ll keep you informed as to how gold is tracking against these other measures anyway. This will help you know when a good time to sell may be. Or rather we should say “spend” your gold on something else.
Exit Strategies for When the Time Comes to Sell Gold and Silver
Trying to pick a dollar price to sell would be tough, as this will depend on how much fiat currency is created in the coming years. (It seems to us like there may be a whole lot more of it created yet if the central planners carry on as they have done). So a dollar price target today based upon say inflation adjusted past prices and the like could be quite different in a few years time.
We discuss 3 possible exit strategies in this article:
We’ve recently started publishing a “buy back” price in our daily price alert emails too. So you can track just what you’d get for your gold and silver if you sold on a given day. See below for more details on our Daily Price Alert service:
You could also try selling on Trademe where you would possibly get a higher price closer to spot or just above. But this also comes with the risk of dealing directly with another party. You also may not be able to sell on on a particular day at a particular price either.
Pawn Shops and Gold Buyers Kiosks in malls are the best place to sell your gold and silver.
Whereas selling back via us you can track the spot price and sell on any given day.
Avoid any of the gold kiosks and pawn shops as these usually give a very low buy back price.
Why? Because they then sell it back to the refiners themselves. So they need to make a margin above the price they quote you to cover the cost of their hefty mall rents and still make a profit too.
Whereas we’ll connect you directly with a refiner instead. So you’ll get the best price possible.
Got any more questions on selling gold and silver? Leave a comment below and we’ll do our best to answer them.
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