When Should I Sell My Gold Or Silver?

Written by Lawrence Chard - Company Director and Expert Numismatist • Last updated 10 Jan 2019

Every day, we are asked 'When should I buy gold?', 'Is gold going to go down?' or 'What will happen to the price of gold?' We cannot predict with any certainty what gold or any other commodity or currency will do over short, medium or long periods of time. There are many analysts who dedicate huge amounts of time trying to work out what will happen, there are very few who get it right consistently, time after time. Because of this we tend to avoid giving any definite advice or strong opinion. There are some areas where we have considerable experience, and feel we can safely give advice. We are not financial advisers but we can help to equip you to make an informed decision before you buy. 

Our live metal prices page is crammed full of information. Here you will find the live prices for gold, silver, platinum and palladium. These prices can be viewed in British £s, United States $s or Euro €s, in troy ounces or grams. In the UK, we tend to use troy ounces and the Sterling Gold price which is linked to the British pound. You can use the charts and graphs to follow the live gold prices or to see historic data (currently back to the early 1800s). Take a look at the Gold Silver Ratio which shows how many ounces of silver you could buy as one ounce of gold. Sign up for price alerts so that you can make an informed decision when to buy.

We often say 'Buy Low, Sell High' but it can often be difficult to know exactly the right time to jump in and buy. There isn't really an ideal time and if you watch the live metal prices all the time you could end up making yourself anxious as gold goes up and down. If you believe that the time is right to buy, then don't wait and try to buy it at the absolute bottom, you are very unlikely to get it precisely right. Investing in gold should be viewed as a long term investment and it will not make much difference in the future if you buy when gold goes up or down £50.

We have heard it said many times that if you can buy within 10% of the bottom and sell within 10% of the top, you would be a very successful and happy investor indeed.

Some of our advice may appear obvious, but it is surprising how often we find ourselves repeating it.

Read our blog Investing In Gold

You may wish to view all of our articles on our gold guide