If you own gold, you have probably found yourself asking this question once or many times before. And if you have come to this potential cash out crossroads, now might be a good time to evaluate your options regarding your gold investments. If you have made investments in gold or possibly recently inherited gold coins, the next step is to acquire a good understanding of what your gold is worth and obtain a solid understanding of knowing if now is the right time to sell your gold?
Deciding when the most opportunistic time to sell your gold can sometimes prove to be incredibly difficult.
The United States Gold Bureau is here to aid you in shedding light on the gold market, explain how gold is evaluated, and to ultimately help you decide if now is the right time to turn your gold into cash. If you are asking yourself where you should sell your gold- then you are also in luck. The United States Gold Bureau makes it super simple to sell your gold in 3 simple steps.
What is My Gold Worth, Right Now?
For thousands of years gold has been a way to store wealth and protect your money, however, it can also be quite volatile. One day it may go up and the next it may go down so trying to figure out the best time to sell can be frustrating. Understanding gold’s value at the present moment can be crucial for deciding if now is the time to sell.
The price of gold is in a constant state of flux. It is traded on a variety of financial markets and if you are thinking about selling gold today, you need to be most concerned with what is known as the spot price. Gold’s spot price is the current price for which gold could be bought and sold.
The spot price of any asset can fluctuate greatly from day to day and even from hour to hour based on various factors such as supply and demand, inflation or deflation and outside factors like fear of economic collapse.
With a myriad of factors pushing and pulling the spot price of gold, it can be very hard to reliably predict the future price of gold. Predicting the price of gold is extremely difficult and timing the market is not advised.
Many speculate on when the best time to sell your gold may be, and the bottom line is this- the best time to sell your gold is when you need to the funds to become liquid or don’t need or want the gold or to store the gold itself. To offer more of the complete servicing our customers demand, our parent company, Lone Star Tangible Assets has been chosen to build and operate the Texas Bullion Depository which is currently open and collecting deposits. As an alternative to selling or storing in your home, your gold could be stored in a highly secured vault that has the added benefit of state oversight by the State of Texas.
Gold that you have sitting at home, or at the Texas Bullion Depository, has a value, but it is subject to the whims of the market. Until you actually sell your gold, you haven’t realized its value.
In fact, sitting on Gold could be costing you money in the long run as well. Selling that gold today will get you cash to spend or invest elsewhere for a potentially higher return.
There are also great benefits to having the reliability of having cash on hand for unexpected expenses, to help finance a home or vehicle, to pay off bills or even to spend on a much-needed vacation.
This is the bottom line, you should sell your gold when you have a plan for the cash amount that your gold holding is valued. Having a plan will help you as an investor to use your funds wisely.
Where Do I Sell My Gold?
Since our founding in 2003, the United States Gold Bureau has been successfully buying and selling gold coins, silver bullion, precious metal bars and a variety of other pieces. Not only do we pride ourselves on maintaining a long-standing history and positive reputation within the market, we celebrate a growing roster of satisfied clients, many of whom return to work with us time and again.
The United States Gold Bureau is an active member in the Industry Council on Tangible Assets (ICTA), and a registered official Precious Metals Dealer with the State of Texas, Department of Public Safety, Office of Consumer Credit Commissioner. We maintain the highest standards of professional and ethical conduct to ensure that our clients enjoy a pleasant, thorough and discreet experience.
Our buying process is not only straightforward and simple, but reliable and efficient. Once you are finished creating a personalized client account on our secure website, you will receive an instant quote on the purchase price of your coins or bars, be able to print a packing list and pre-paid FedEx labels for shipping to our facility in Austin, Texas, and even work with a dedicated Account Executive to sort through any questions or concerns you may have along the way. Your payment is processed immediately once your items are received and tested using specialized equipment by our team.
One of the safest and most lucrative ways to move your hard-earned investment pieces is to work through an accredited organization such as the United States Gold Bureau.
Since bullion is a commodity, our purchase price is related to the current spot price of the metal, as determined by the Commodities Exchange (COMEX). We generally buy at or near the current spot price, depending on the exact item and market demand. Once your items arrive at our facility, they will be authenticated and verified, and payout of your choice (electronic deposit, mailed paper check or store credit) will be processed within five business days.
Getting the best payout for your commodities is super easy with The United States Gold Bureau. Visit the link below and be on your way to turning your Gold or other precious metals into cash!