The Price of Gold Over the Last 5 Years, Is Now the Right Time to Sell?
The Price of Gold Over the Last 5 Years Is Now the Right Time to Sell?
Gold prices have increased by nearly 75% over the last five years, reaching record highs. If you have gold sitting at home, now might be the perfect time to think about what to do with it.
Why Has Gold Gone Up?
Gold prices are influenced by several key factors:
Economic Uncertainty – When economies struggle, investors turn to gold as a safe-haven asset. Events like recessions, bank failures, and financial crises have all pushed prices higher.
Global Conflicts & Political Tensions – Wars, trade disputes, and instability make gold more attractive to investors. Over the last five years, ongoing global tensions have played a big role in price increases.
Inflation & the Cost of Living – As inflation rises, the value of paper money decreases. People buy gold to protect their savings, increasing demand and pushing prices up.
Central Banks Buying Gold – Countries like China, India, and Russia have been buying large amounts of gold for their reserves, creating high demand.
Weaker Pound & Currency Fluctuations – When the value of the pound drops against other currencies, gold (which is priced in US dollars) becomes more expensive in the UK.
Supply & Demand – Mining gold has become more expensive, and supply is limited. Meanwhile, demand from investors, central banks, and jewellery buyers continues to grow.
Should You Sell Your Gold Now?
With gold prices up 75%, selling now could be a great opportunity. Here’s why:
You’ll get more money than a few years ago – A gold ring that was worth £400 five years ago could now be worth £700 or more.
It’s an easy way to free up cash – If you have broken or unwanted jewellery, selling it could give you extra funds for something more useful.
Prices may not stay this high – Gold prices go up and down, so selling now locks in today’s value.
“Now’s a great time to sell your gold—whether you’re ready or just considering it, come in and have a conversation. We can turn your gold into something new or offer store credit towards something else. It’s a simple way to make the most of what you have.”
*(we give 10% more when taken as store credit) *
Thank you for reading we look forward to seeing you.
Best Regards,
Kelly
