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What Is the Best Time of the Year to Buy Gold and Silver?

What Is the Best Time of the Year to Buy Gold and Silver?

October 23, 202314901 view(s)

Do you want to buy gold or silver from a bank but aren't sure about the best time to buy? Gold and silver have long-lasting investing qualities, but you still want to get the best possible price.

One factor is timing. It can be helpful to analyze price trends. Investors want to know if they buy now, will they receive a better price later if they choose to sell?

Looking at the history of precious metal performance can help you determine the key times to invest. 

Here's a look at the best times to buy gold or silver.

The Best Times to Buy Gold 

Historically, gold tends to surge in the first few months of the year. Prices typically cool down during the spring and summer months. From late August through September, prices continue to rise to the end of the year.

According to historical records, March is the cheapest month for buying gold. Prices continue to be low through the second quarter of the year, and it's a great time to buy.

To get a good idea of gold's performance, you can look at its average performance since 1975, when it became legal for purchase again. Looking at its gains and losses, the best times to buy gold are at the start of the year, March, and late April.

Gold prices typically surge as winter approaches. 

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The Best Times to Buy Silver

You can use the same approach to analyze the best times to buy silver. The results for silver are similar to those for gold.

You do have to consider the volatility of silver when diversifying your portfolio. Because silver is volatile, it can move upwards quickly.

Its volatility contributes to a smaller market, lower market liquidity, and demand fluctuations from various industries. Silver tends to dip in price in January, so this is typically a good time to buy at a cheaper price.

After January, it surges on and off throughout the year. Other good times to buy silver include March or mid-June to July. 

Best Quarter for Buying Gold

Since 1975, gold prices have been weaker during the first half of the year compared to the second half. That's why the first quarter is a better time to buy.

Looking at the history of gold and silver, you should buy gold and silver in:

  • Early January, March, April, and late June
  • This year rather than waiting until next year 

The data shows it's best to be positioned to buy both gold and silver before August. You're more likely to get better prices this year instead of waiting.

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Keep the Big Picture in Mind

If you're considering investing for the future, it's important to keep the big picture in mind. Owning gold and silver is a great way to invest for the future, protect your money, and hedge against inflation.

Buying at rock-bottom prices is less important than the ounces of gold you own. Gold is inversely correlated to the stock market and other investments.

It's wise to invest in a healthy amount of gold and silver in uncertain economic times. Because of this, there's no reason to put off collecting metals.

Buying physical gold and silver is a great investment and another way to protect your wealth.

Other Factors to Consider

If you're concerned about the best times to add to your metal collection, there are factors beyond the time of year to consider. You want to pay attention to the stock market fluctuations and trends in investments.

You may want to monitor the gold vs silver ratio and be aware of bullish trends as well.

Other Investments

Investors often make buying decisions during unstable financial times when the investment market is shaky. It's only natural that this occurs, considering gold and silver typically perform in opposition to paper currencies.

That's why it's smart to buy at these times to avoid losses in other investment areas. Your best bet is to keep up with economic news and be aware of market instabilities.

Watch for gold and silver updates and how they relate to other types of investments.

Gold and Silver Ratio

The gold/silver ratio relates to how many ounces of silver equal one ounce of gold. It's basically how much silver you need to use to buy gold.

When this ratio is high, it's time to buy silver as a valuable investment. When the gold/silver ratio drops, it's time to buy gold for favorable future returns.

Bullish Trends

Many investors choose to buy precious metals in a bull market where demand exceeds supply and prices continue to rise. Once the price peaks, the trend declines and so do prices.

Investors who watch for bullish trends tend to buy gold and silver before or at the beginning of an upward trend.

When Should You Sell Gold and Silver? 

Although gold and silver are ideal long-term holds, there are times you may need to sell. Examples include:

Economic Emergency

Life happens, and personal issues like medical issues or a loss of employment may lead you to sell your metal collection. Gold and silver can provide a source of cash if the need arises. 

To Make a Profit

Gold and silver experience price bubbles like other assets do. When this occurs, you may decide to sell and reap the benefits of a large profit. This can be beneficial when other investments fall and are undervalued.

What Is the Best Time of the Year to Buy Gold and Silver

Buy Gold or Silver From a Bank

Buying gold and silver is a great way to diversify your portfolio, grow your wealth, and invest for the future. These precious metals do fluctuate in price, so it's always wise to consider the best times to buy gold or silver from a bank.

Whether you're a first-time buyer or a seasoned precious metals investor, we're here to assist you. We know you have many buying options for gold and silver.

That's why our goal is to exceed your expectations and help you make the right investments for your financial needs.

If you're ready to get started, create a customer account with the U.S. Gold Bureau today.

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