Buying Gold and Silver can be tricky at times and the best time to buy Gold and Silver is before a crisis.
We all know that Gold and Silver investments are long-term investments, but getting the best price while buying it should be your ultimate goal.
The best time of the year to buy Gold!
We have combined all statistics from 1975-2021 to get the best evaluation. If you are looking to buy Gold, the best time is to buy it in the summers. This is because the price cools down.
Usually, gold prices tend to surge at the start of the year, especially in January, and that is the time when you can plan to sell Gold, but it is not an accurate time for buying Gold.
According to this Evaluation, the best time of the year to buy Gold is from March, early April, June, and at the start of July. The prices will surge up again at the end of this year. Thus, investors will get the best price of gold at the start of the year.
The best time of the year to buy silver?
For silver, we have also collected statistics from 1975-2021 to analyze the trend in a better way.
The best time to buy silver is in March or late June, but you can invest in silver in October if you have missed these months.
This was all about the best time of the year to buy gold and silver, but now, let us have a look at when to sell them.
When to Sell Gold & Silver?
Yes, gold and silver are long-term investments, but you can sell them if you come across the following conditions:
- Any personal or economic emergency. This applies to a circumstance where you need cash; you can sell gold and silver and get some money instantly. The same goes for financial troubles, but you can hold it if you don’t require cash instantly or in the long run.
- If you come across a situation where you can grab a better opportunity and profit, you can sell gold.
- The best time to sell gold is when the stock market goes down because gold is inversely proportional to it.
Conclusion
The best time of the year to buy gold is at the start of the year and the best time to sell and gain profit is at the end of the year. Best time to sell gold is when the stock market goes down because gold is inversely proportional.
The best time to buy silver is in the middle of the year, and you can sell it at the end of the year. However, you can maximize the profit by holding these assets for a long time or many years.