Gold has long been seen as a safe and reliable asset, especially during times of economic uncertainty. If you have gold jewellery, coins, or bullion tucked away, you may be wondering whether now is the right time to sell or if it’s better to hold on a little longer. While there’s no single answer for everyone, understanding a few key factors can help you make a more confident decision.

Gold prices remain historically strong

Over recent years, global gold prices have stayed at high levels due to inflation pressures, geopolitical tensions, and fluctuating share markets. When economic confidence drops, demand for gold typically increases, which helps support the price. If you’re considering selling, strong market conditions can work in your favour. Many New Zealanders choose to sell when prices are stable and elevated rather than waiting for unpredictable peaks.

Consider your personal goals

The decision to sell gold isn’t just about market timing. Your own financial situation is just as important. If you need quick cash for a major purchase, to cover unexpected expenses, or simply to declutter unused jewellery, selling now may be the right move. Gold items that sit unworn or stored away are essentially locked-up value you could put to better use.

Waiting may pay off – but comes with risks

Gold prices can rise further, but they can also fall without warning. If you’re comfortable holding your gold long-term and don’t need immediate funds, keeping it for future price increases might make sense. Just remember that trying to “time the market” perfectly is difficult, even for experts.

Talk to trusted gold buyers

If you’re thinking about selling, DollarDealers offers free appraisals, competitive payouts, and a stress-free process. Whether you choose to sell now or later, knowing the current value of your gold can help you make the best decision for your situation.