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With gold hitting record highs, many Americans are wondering: is now the right time to sell and take profits?
In a new video from Augusta Precious Metals, Devlyn Steele tackles this very question—explaining why holding gold might still be the smarter move, despite the temptation to cash in. Watch the video below or scroll down to read the key takeaways.
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Video credit: Augusta Precious Metals
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Why Devlyn Steele Says Holding Might Be the Wiser Choice
In this three-minute video by Augusta Precious Metals, Devlyn Steele walks through the logic behind whether now is a good time to sell your gold. Here's a breakdown of his main points for readers who prefer reading the main takeaways from his video.
1. Revisit Why You Bought Gold in the First Place
Steele starts with a powerful question: Why did you buy gold to begin with?
- To hedge against inflation?
- To protect against market volatility?
- Due to concerns over the U.S. dollar, political instability, or global conflict?
If any of these reasons influenced your original decision, ask yourself: Have those issues improved—or worsened?
According to Steele, most of the risks that originally made gold attractive have intensified, not diminished. Inflation is persistent, geopolitical uncertainty is growing, and the dollar is nearing historic lows. In his words: “Things are more worrisome, more volatile, more uncertain.”
Related: Why Americans are Turning to Physical Gold & Silver
2. Selling Now Means Going Back Into Risky Assets
Another crucial consideration: if you sell your gold, what will you do with the cash?
- Sit on cash, which is being eroded by inflation?
- Re-enter volatile equity markets?
- Buy other paper-based assets that could lose value?
Steele argues that returning to U.S. dollars or traditional markets defeats the purpose of holding gold in the first place. Gold is not just a commodity—it's a form of protection. Selling now may leave you exposed again to the very risks you were trying to avoid.
3. Gold Is Doing Exactly What It Was Meant to Do
Steele emphasizes that the recent price surge in gold is not random—it’s the result of all the factors that gold buyers anticipated:
- Dollar devaluation
- Central bank policy failures
- Rising global tensions
- Recession forecasts
Rather than viewing the current price increase as a peak to sell into, Steele suggests it may be a confirmation that gold is performing exactly as expected. For many long-term holders, that’s a signal to stay the course—or even buy more.
Related: Is it Too Late to Buy Gold?
Final Thought: Ask the Right Question
When asked if it’s a good time to sell, Devlyn Steele flips the script and asks: “Does it make sense to sell gold in this environment—or to hold and potentially buy more?”
For anyone hedging against economic instability, the answer, he argues, is becoming increasingly clear.
👉 Want to learn more about how to protect your savings with physical gold? Download a free Gold IRA Guide from Augusta Precious Metals here.
