This is one of the most beautiful images in all of Proverbs. Timing and content must meet together for speech to have its full impact. A word that is 'fitly spoken' — timely, true, and fitting — is extraordinarily valuable and beautiful. This is the standard for all wise speech.
Memory phrase: Right words are like gold.
Talk about it: Can you think of a time someone said exactly the right thing? How did it feel?
Prayer: God, help me say the right thing at the right time.