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Do you have trouble understanding when you should actually sell some of your gold? There might be many circumstances where you feel like you should or you’re not sure. Keep reading to learn what seven of them are so you can recognize the right opportunities and time things the best you can:

1) When Prices Are Going Up: 

When gold prices go up, you can possibly sell off at higher prices than you bought for, netting a profit. Always remember to take care of your taxeswhen you sell.

2) When Prices Are Going Down: 

When gold prices are going down, you might want to sell off to avoid more losses.

3) Quarterly Rebalancing: 

If you invest in gold as part of a broader investment portfolio, then commodities growth might mean gold becomes too much and you have to sell some off to put your excess into growth opportunities in other sectors.

4) Portfolio Rebalancing: 

If your gold is part of a larger portfolio of various investments, then quarterly rebalancing isn’t the only time to sell off excess. You might also choose to reallocate how your portfolio is balanced at any time, whether it’s based on a change in your risk exposure, your age, or your target you’re saving up for.

5) When Your Advisor Says To: 

If you have a seasoned financial advisor that knows money matters better than you do, follow their advice when you’re comfortable with it.

6) When Your Gut Tells You To: 

Sometimes, you just have to go with your gut instinct. It might seem like the smartest or wisest way to invest, but it can also prove the most successful and profitable way to do it, depending on who you ask.

7) When It Is Time To Cash Out: 

If you’re investing in gold and other things in order to save up for something, the day will hopefully come that you attain your goal and it’s time to cash out and pay for it. That might be retirement, someone’s college education, a dream vacation, or just a new vehicle or home. Whatever it is, when you’ve saved enough or hit the right year or age, it’s necessary to sell off your investments in order to have the funds you’ve saved for.

As mentioned in the introduction, understanding when to sell your gold can prove tricky. However, these seven scenarios outlined by the Gold Money Shop UK are the most likely situations in which you might do it, so recognize when you’re in one of them so you can do things right.

From the ancient civilizations through the modern era, gold is considered as the currency of choice across the globe. Nowadays, the investors purchase gold mainly as a hedge against inflation and political unrest. Aside from that, numerous investment advisors recommend allocating a portfolio in commodities including gold to reduce the overall portfolio risk.

Gold Bullion
It’s perhaps the most renowned form of gold ownership. A lot of people think of gold bullion as a big gold bar. But, basically, gold bullion is any kind of pure gold that has been certified for its purity and weight. This includes bars, coins, and others things of any size. Commonly, there’s a serial number attached to the gold bars for some security purposes.
While gold bars are very impressive sight, their big size makes them illiquid and costly to sell and buy. Besides, if you own a big gold bar worth of a thousand dollars as your entire holding in gold and decide to sell ten percent, you cannot exactly saw off the bar’s end and sell it. On contrary, bullion held in the smaller-size is better. We suggest 1oz max for gold!

Gold Coins
For many years, quantities of gold coins were issued by the sovereign government across the globe. For investors, the coins are commonly purchased from the private dealers at about one to five percent above their underlying gold value. The best thing about bullion coins is that their prices are available conveniently in global financial publications. Oftentimes, gold coins are in smaller sizes, which make them a convenient way to invest in gold compared to bigger bars. The reputable dealers may be found with minimal searching and in big cities. However, you have to take note that rare, older gold coins have higher value compared to the newer ones. To invest in gold, concentrate on circulated coins and leave every rare coin to the collectors.
Some circulated gold coins include the Canadian Maple Leaf, US eagle, and South African Krugerrand. The only concern with gold bullion is that the insurance costs and storage. The big markup from the dealer both hinders the potential of the profit. In addition to that, investing in gold bullion is basically a direct investment in the value of gold and every dollar change in the gold price will change the value of the holdings. Some gold investments including mutual funds can be made in small amount than bullion and might not have as much direct price exposure in comparison to what bullion does.

Bigger investors who want to buy gold Toronto to have direct exposure to the gold’s price may consider investing in gold directly with bullion. For those who are a bit aggressive, options and futures will definitely do the trick. However, buyers must be cautious that such investments are derivatives of the price of the gold and may see sharp moves. Gold jewelry investment is a bit quaint, yet naïve. But, depending on your preferences, you may choose any option that’s suitable for you.

Contributor http://durhampreciousmetals.com

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