Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

When is it the Best Time to Sell My Gold?

By Winifredardall Subscribe to RSS | December 2nd 2011 | Views:

Gold prices have started to rise again due to the global slowdown and decline in the equity markets. According to Marcel Kreis, Credit Suisse's head of private banking for Asia-Pacific, gold prices are on track to rising to $2,000 per ounce by October 2012. Due to the recent decline in gold prices, some traders started selling gold. But analysts believe that this is not the time to sell gold. Then, what is the right time for me to sell my gold?

Factors to Look for Before Selling Gold

1) Stock market trends: Gold has been considered as a safe haven asset. Therefore, whenever the stock market starts dropping, investors turn to safe haven gold. This results in a rise in gold prices. This is very visible this the current climate where stock markets all over the world are facing huge drops. I would sell my gold whenever there is any hint of a stock market decline.

2) Times of war: Investors consider gold as a solid asset during tough times like war. They will start buying gold in case there is an impending war, which will in turn lead to a rise in the demand for gold due to fear in the minds of the people. Gold price will consequently show good advance during this time, which ensures good returns when you are selling gold.

3) Inflation: During times of inflation, traders consider buying gold as a hedge against inflation to cover their risk. This pushes gold prices further. I can use this opportunity to sell my gold, as it will provide me good returns.

4) Economic downturn: Any economic downturn will push the gold price up due to its safe haven status. During the recent economic downturn across the world, investors started buying gold, which resulted in a strong price rise. Therefore, such economic conditions can be capitalized on to sell my gold.

5) Jewelry Demand: Demand for gold is largely dependent on jewelry demand across the world. If the jewelry demand is rising, the prices of gold will automatically rise. Any signs of a drop in jewelry demand can be taken as the best time to sell.

6) Supply Factor: Like other commodities, gold prices are also affected by demand and supply factors. Drop in supply will cause the prices to rise. A trader should carefully analyze the demand/supply factors for selling gold at the right time.

Therefore, before selling gold, look at the stock markets and the economy. Read up as much as you can about what experts are forecasting and then decide whether it is the right time to sell.

Winifredardall - About Author:
Looking to sell my gold, found with US Gold buyers the best place to opt for. If you are interested in selling gold? Simply log on to the best platform trusted by more than 50,000 customers.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Shopping Articles Subscribe to RSS

Why gold prices are racing ahead?
Published by Mark Williams on April 16th 2012 | Shopping
World economies have not been having it good off late. With most Western and European countries just...
Promotional Clothing can really help to sell a product or brand are you looking for promotional clothing?
Published by James Blee on June 16th 2012 | Shopping
There are various types of promotional clothing available to buy and some will be more suitable for ...
Gift a gold name necklace; make someone feel really special
Published by Sophia Milller on December 19th 2011 | Shopping
Gift ideas are many. And the best gifts are those that will constantly remind the recipient about yo...
How We Can Use Pillows for Home Decoration
Published by Nirmal Kumar on August 25th 2012 | Shopping
When the house is in serious need of an upgrade but you do not have the funds to substitute all of y...
Coal beanies - Keep you warm and fashionable
Published by Julia Bennet on August 25th 2012 | Shopping
Many people have expressed dissatisfaction and discontentment at the current clothing brands because...
Steps to Remind Him About Anniversary
Published by Ram Singh on August 25th 2012 | Shopping
The main thing to remember when your husband forgets the anniversary is that do not be angry to the ...
Search, collect and use coupons or codes to save huge cash
Published by Gayathri Anjudevi on August 25th 2012 | Shopping
Most people know the value of coupons & coupon codes when shoppi...
Search, collect and use coupons or codes to save huge cash
Published by Gayathri Anjudevi on August 25th 2012 | Shopping
Most people know the value of coupons & coupon codes when shoppi...
Packaging Ireland needs to be really good quality
Published by James Blee on August 25th 2012 | Shopping
If you are in the business of selling luxury products in Ireland then you need to make sure that you...