Market Insights: Why Now Isn’t The Time to Sell Physical Gold & Silver | The Gold Spot

After gold prices surged past all-time highs, some investors wonder if it’s time to sell. However, all signs are pointing to more gains on the horizon.

Currently, there’s an advantageous disconnect between premiums for physical gold and silver and gold and silver spot prices. Given the yellow metal’s strong price movement, these add-on costs remain relatively low. This is a sign that it’s time to buy gold and silver bullion and coins, not sell.

Various other economic and geopolitical factors support this view, too. Central banks are extending their gold binge, with China leading the way.

At the same time, wars are raging in the Middle East and Eastern Europe, destabilizing international markets and paper assets.

On the home front, the Federal Reserve anticipates multiple rate cuts throughout the year, which is bullish for gold prices.

The interaction between gold prices and the economic climate is strongly reminiscent of the 1980s when gold skyrocketed to $850. After adjusting for inflation, gold prices still have plenty of room to run, around 38% from where they are currently, before hitting that mark today.

Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Sr. Precious Metals Advisor Steve Rand and Precious Metals Advisor John Karow explain why now is NOT a time to sell your gold and silver, what could push gold and silver prices even higher, and why now is a time to buy physical metals.

READ MORE HERE: https://www.sbcgold.com/blog/why-now-is-not-a-good-time-to-sell-physical-gold-silver/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_03152024

⭐ RELATED LINKS:

💰 Premiums on Precious Metals Explained: https://www.sbcgold.com/investing-101/premiums-on-precious-metals-explained/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_03152024

📈 Gold Price Forecasts 2024: https://www.sbcgold.com/gold-price-forecasts/gold-price-forecast-2024/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_03152024

📈 See Live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/

🪙 Get Gold and Silver Coin Prices:
https://www.sbcgold.com/buy-gold-and-silver/coins/

👉 Get Gold & Silver Bullion Bar Prices:
- https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/
- https://www.sbcgold.com/buy-gold-and-silver/buy-silver-bars/

⭐ @sbcgold Precious Metals Advisors in this The Gold Spot video:

👤 Steve Rand: https://www.sbcgold.com/about/steve-rand/

👤 John Karow: https://www.sbcgold.com/about/john-karow/