While pawnbrokers, coin dealers, and other vendors sell gold year-round, there are times when it’s more advantageous to buy than others. There are several factors that dictate when it’s time to add to your portfolio. Below is a brief overview of when you should invest in these precious metals. 

When Should You Buy Gold & Silver?

1. When You Can Afford It

Although precious metals will add value to your portfolio, you can hold off on investing in gold and silver until you can afford it. The valuations are often cyclical, so you can make these investments when you’re more financially comfortable. At that time, research the value of gold and silver to determine whether to take the leap or save up for a better time.  

2. When the Dollar Is Weak

An ideal time to buy is when domestic and foreign interest rates are low. When the dollar and euro are weak, gold becomes a more desirable currency. In a weak economy, white metal can be worth $20 an ounce.

3. When It’s a Bear Market

With a bull market, the price of precious metals is higher. However, If you wait until a bear market, the prices will be lower, and more vendors will be interested in selling gold and silver. For gold, this is often the case in January, April, and July. The price of silver is often lower in late June.

If you are interested in selling gold or silver or are in the market to buy, contact the professionals at Coins & Stuff in High Point, NC. With over 100 years of combined experience, the staff will give you competitive rates on your goods. They will also help you navigate the large selection of estate jewelry and rare coins to invest in. To learn more about buying and selling gold and silver at the shop, call (336) 885-5323, and learn about the customer experience online.