I WANT TO SELL GOLD WHEN IT'S HIGHER AND BUY WHEN IT'S LOW
First of all, clarify that nobody has a crystal ball, but what we can offer you are recommendations... And according to Refinitiv Eikon, being a set of financial analysis software, they provided us with the following data; So far this year, gold between its various ups and downs is presented with approximately 17% of capital gain at the end of the second quarter of this year 2020, so... Why not wait for it to continue rising in the case of wanting to sell gold? Well, this same system tells us that it is expected that for this third quarter we’ll have a decrease of approximately 7%, which would imply selling below the current price if we wait...
Now the other side of the coin would be that individuals wishing to buy gold either for investment or jewelry would be recommended to wait for this alleged decline that is expected for the next three months.
We note that the increase in gold throughout the year has been due to fiscal stimulation by central banks as well as trade tensions in different geographical areas, but now the expected decline is due to a small correction, due nothing rises forever... The rest will be seen depending on how global economies respond to the recession that is not yet reflected in the financial markets.
In short, if you intend to sell gold now is a very good time, if you want to buy we would wait for the price correction.
Taking advantage of this same article, we’ll also give our opinion about silver and precious stones, since we also market them and it’s worth commenting on them… Regarding silver, there is not much to say because its price at the trading level moves very horizontally for a long time, that is to say there is hardly any variation in its value, so… If you want to buy or sell silver do it whenever you want. However, the gemstones have had a negative variation in their value of 10% for those that are higher than the carat, the smaller the price remains more or less the same.
If you have any additional questions or want more information, do not hesitate to call us or send us a What’s App to help you in your decisions without any commitment.