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Time to Convert Your Gold into Cash: Tips for Maximizing Profit

kent-jackson by kent-jackson
June 24, 2024
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Time to Convert Your Gold into Cash: Tips for Maximizing Profit
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Is it time to cash in your bullion? Maybe

Published Jun 24, 2024 • 5 minute read

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Since 2020, gold is up more than 50 per cent, making it one of the best-performing asset classes on the market. Photo by DAVID GRAY/AFP via Getty Images

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Predicting the price of gold is notoriously difficult — mainly because it is driven by many diverse and sometimes mysterious forces.

Lately though it has become even more of an enigma as the yellow metal is apparently breaking all the rules.

Since 2020, gold is up more than 50 per cent, making it one of the best-performing asset classes on the market, said Marc-Antoine Dumont, senior economist for Fédération des caisses Desjardins du Québec. On July 1, 2019, gold was at US$1,426. Today it is at US$2,338.

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