Seller Guide

Should you sell your gold now, or is waiting worth it?

Nobody can predict gold prices — but you can make a rational decision based on the factors that actually matter.

Why British Gold Exchange

40+

Years in the precious metals business

£0

Cost to request your free insured postal pack

24h

Maximum time to receive your firm, itemised offer

100%

Of items returned free if you decline

Ready to get a valuation?

The short answer

Gold prices are near historic highs. Waiting has real costs.

The gold price has risen significantly over the past decade and has been at or near all-time highs in sterling terms for most of the past two years. That does not mean it will keep rising — prices can and do correct. Nobody, including professional fund managers, consistently predicts gold price movements with accuracy.

The more useful question is: what is the cost of waiting? If your gold is sitting in a drawer, uninsured and unloved, every month is a month of storage risk, no return, and potential loss. If prices rise further, you gain. If they fall — and they do fall — you lose. The expected value of waiting is essentially zero, with real downside risk from loss or theft.

If the gold serves no sentimental or practical purpose and you would benefit from the cash, today is always a reasonable time to sell. If you genuinely believe gold prices will rise materially and you are prepared to hold for years, that is a different decision — but one made about investment, not about selling gold you're not using.

What affects it

Factors that move the gold price

USD weaknessGold is priced in dollars worldwide. When the dollar weakens, the gold price rises in dollar terms — often without sterling sellers noticing the difference.
InflationHigh inflation historically supports gold prices. The 2021–2023 inflation cycle drove gold from £1,300/oz to over £1,900/oz in sterling terms.
Interest ratesRising rates are typically a headwind for gold (no yield). Falling rates and rate-cut expectations tend to support it.
Geopolitical riskWars, sanctions and financial instability cause safe-haven buying. These events are impossible to predict and can reverse quickly.
Central bank buyingCentral banks have been net buyers of gold for the past decade. This provides a structural floor but does not guarantee price direction.
Sterling rateA weaker pound increases the sterling gold price even if the dollar price is flat. Post-Brexit sterling weakness has substantially inflated UK gold returns.

How it works

From first contact to payment

01

Request Your Free Pack

We post a fully insured, tracked Royal Mail freepost envelope. No cost, no commitment required.

02

Send Your Items

Use our supplied packaging and post your items. They are covered by our insurance from the moment you drop them at the post office.

03

Receive Your Offer

A firm, itemised offer arrives within 24 hours. Every piece is weighed, XRF-tested for purity, and priced against the live spot price.

04

Get Paid

Accept and receive a same-day bank transfer. Decline and we return every item free of charge — no questions asked.

Common questions

Questions we hear most

Is the gold price at a high right now?

Gold prices in sterling have been at or near all-time highs for most of the past two years. Check the live price on our calculator or on the LBMA website — the current level in context of recent years is clear from any chart.

Will gold prices keep rising?

We genuinely don't know — and neither does anyone else. Analysts who predicted gold at $3,000 in 2021 were early by three years. Those who predicted $2,500 in 2022 were wrong for two years. We can tell you what your gold is worth today with certainty. Tomorrow is not certain.

Is there any cost to getting an offer without committing to sell?

None. Request a free pack, send your items, receive your offer, and return everything if you decide to wait. The entire process is free and insured.

What if I want to sell only part of my collection?

Our offer is fully itemised — you can accept payment for any individual pieces and have the rest returned. You are never required to sell everything.

I inherited gold years ago and the price has risen a lot. Should I declare this?

Gains on inherited gold may be subject to Capital Gains Tax depending on value at the time you inherited it (the 'probate value') and the sale price. We recommend speaking to a tax adviser before selling a significant quantity of inherited gold.

Get Started

Find out what your gold is worth at today's price

Get a firm offer based on the live spot price — with no commitment to sell. If you decide to wait, we return everything free.

0800 014 8323