Selling gold is a process that requires deliberate action if you’re going to realize the optimal return on investment, and selling when the spot price is near all-time highs is usually wise. However, there are also other times when it can be advantageous to sell.

Economic Downturns

During recessions and periods of high inflation, the spot price of gold tends to go up, which is why many investors retain physical gold as a hedge against currency inflation. During a recession, there’s often an opportunity to purchase depressed assets, such as stocks, real estate, and collectable gold coins. San Diego collectors can sell their gold bullion coins or bars and buy numismatic gold at a lower premium when there are depressed market conditions.

Portfolio Rebalancing

Gold is often a part of a larger diversified investment portfolio. As such, the portfolio may need to be rebalanced periodically, resulting in the sale of gold in exchange for other asset classes or different forms of gold. For example, an investor can sell gold bullion in exchange for numismatic gold to rebalance the portfolio. It’s important to monitor market conditions and portfolio composition to determine when gold should be sold.

Market Opportunities

The global economy and related stock markets are constantly fluctuating, giving rise to investment opportunities in different asset classes all over the world. These market opportunities may require buying stocks, bonds, businesses, or other assets using cash. Selling gold can be a way to raise the capital needed to take advantage of opportunities. Gold is valued all over the world, so it can be liquidated quickly, allowing you to strike when the opportunity is right.

Higher Numismatic Premiums

If you’ve invested in numismatic gold coins or other collectible forms of gold, the premiums over spot these investments carry can fluctuate. As a result, it’s important to watch the coin market with special attention to population reports published by the major coin grading services. Changes in the scarcity of coins in higher grades can raise the premium on your coins. You stand to gain a nice ROI if your coins have risen in value.

Other Precious Metals

Precious metals investors often hold more than one type of precious metal. Platinum, palladium, and silver are also highly desirable and have benefits as hedges against inflation. Selling gold to increase stakes in these metals can be advantageous for a number of reasons. It may be unwise to put all your capital into any single investment vehicle.

Picking the right time to sell gold isn’t always easy, and the price of the type of gold you have is influenced by the dynamics of the marketplace. Wait for the opportune time to sell instead of giving in to panic or speculation, and you’ll realize the returns you deserve. 

If you’re looking for the best place to sell gold in San Diego, make sure to work with trustworthy precious metal dealers who offer high-quality service and have years of experience. Call on the industry-leading professionals at First National Bullion when you’re ready to buy or sell precious metals, including gold, silver, platinum, and palladium. Give us a call today at 858-666-6570.

The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.