Topic: Deposits-in the bank or in gold? (Read 1386 times)

  Money will always depreciate by the time, the longer you keep it the lesser the value will be. The amount of money that you will have right now will have lesser value if you use it next year. So investing in gold is better, because good price will always increase, especially if there is a problem on global or national economic crisis. Gold if it is easily sellable and the premium is reasonable is not a bad choice of investment, currently we are facing inflation and it’s a world problem. Fiats  are growing weak due to the world challenges, which is why gold is a better alternative to save and it will appreciate with time.
  I would tell you to use the U.S dollars if you aren’t facing circumstances such as daily exchange limits.if you are in the U.S dollar, then silver are accessible as a hedge. Silver was a higher appreciating asset in the 2008 recession not many invest in this asset cause of lack of idea on the actual cost value of the asset. In Nigeria currently due to the economic crisis of the country makes the U.S dollar a very good deal. You can save up in dollars and be rest assured you will get a decent return on your money. Dollars  are great for short term investment option.

Putting money in gold is actually quite efficient and has been familiar to the general public from the past until now.  If stored for a long period of time, its value will definitely increase.  Robbery or theft is a big risk if you have large amounts of gold, even if it is used by the owner it can provide an opportunity for someone to commit a crime.
However, precious metals are still a favorite choice for the general public because it does not involve technology, anyone can invest in precious metals.
However, the millennial generation who understands technology will definitely prefer to invest in Bitcoin, even though the price fluctuates, Bitcoin investment is quite promising compared to putting money in gold or deposits in banks even though there are risks.

Crypto is looking better than gold or bank deposits.

I would do

Crypto
then banks
lastly gold.

Gold can easily be stolen or even destroyed.

I am sure that some Russians and Some Ukrainians lost gold when the staff place was bombed


I am also sure that some Israelis lost their gold when they were missed yesterday. (Oct 7)

If you have patience and you don't require money for urgent work then I think you should keep your money in bank otherwise the choice of gold is also a better option. In gold your money will be deducted if you sell your gold and in such situations you will have little profit whereas in bank the money is deducted based on specific occasions.

As the gold price is minimizing these days so all investors of gold will be in worries that how they will recover their sum but in banks the value does not deteriorates because the money is saved. I think both have certain advantages and also they contains disadvantages so accept both of them to obtain profit out of them.

I agree with the opinion that Bitcoin provides financial freedom,
and can be a hedge against traditional currency inflation because Bitcoin is decentralized.

But we also have to see that Bitcoin will not be a perfect hedge, we can see the risk of volatility that causes price fluctuations,
as well as some regulations that make Bitcoin or crypto still little controlled by the government.

Some diversification is certainly necessary, but choose any asset that has good potential.
Putting your eggs in one basket is more risky.
 

In my opinion, we don't just invest, there are factors to be considered before deciding on the type of investment to go for. The duration of the investment, the stability of the capital and the extent of the return on the investment are key factors that investors look at to avoid misjudgment on where to invest their money.

Investment in banks, gold and other assets and channels are good, only that the risk involved varies. The gold you are talking about could be a bad investment if the person did that carelessly, this also goes for Bitcoin. That is why one should know what they are signing for to invest the right way, and this is why I advise people to note that the previous performance of an investment is not a guarantee of their future success despite the track record of assets giving multiplies of returns in the past.

A bank is another good alternative, the return might be lower but the return on the investment is much more guaranteed unless the bank liquidates without insurance which is rare these days.

Also, I found it strange that banks buy your gold cheaply and sell it expensive, Do you mean in this open era? That is impossible unless you get yourself duped. All assets have their prevailing listing prices with their Bid and Ask tagged well to them. No one can cheat you and it is not necessary for you to sell your assets to a bank, you have diverse alternatives.

You mean the metal is more expensive in your country than gold? As for the matter, you seem to be right. There are other countries where silver is more expensive than gold, but here in our country, gold is more expensive, so people of the middle class invest in it.

And the others even buy and sell what they always do. But of course, since I'm here in the cryptocurrency business, I prefer it here because I know the movement better and because it's better to invest where we know the movement of the market than when we don't know the movement yet.

The title seems misleading because you cannot deposit in gold you can invest in it. The title can be "keep your savings in the bank or in the gold?".

Anyway I think the OP doesn't have good knowledge about finance. If the bank is providing 5% interest and inflation is also 5% then what is the point of holding fiat in a bank? On the contrary the price of gold is increasing over time as are its widely acceptable assets. TBH it doesn't matter if it's gold or any other assets you are investing in. The point is to keep your savings on assets not in the bank. A bank can go bankrupt, and your savings can be lost when gold is a physical object that won't lose its weight over time.

Investing in precious metals has always been a preferred way of investing. Precious metals have always held their value against inflation since time immemorial. Buying precious metals is risky when theft is common, such as where you live. When you try to buy gold or others through a bank, you buy at a higher price. When you sell it, you sell it cheaper than the market. These practices of banks make us not want to use them again.

If storing precious metals is a problem for you and you still want to invest in precious metals, you should opt for banks. But as I said, banks sell precious metals at a high price and buy them at a low price.

Among all these investments, we usually prefer Bitcoin. Bitcoin is one of the best investment options for both preserving its value and investing in the long term.

Depends on where you live, in my country, precious metals are real expensive and there's a lot of burglaries happening in the country so I don't think that hoarding or even considering buying to hedge against inflation would be a good idea for me now if you're in a relatively safe country that have a low case of burglary, you definitely can feel at ease storing precious metals. For me though, I'm better off with putting my money on bitcoin.

Remember how a hundred years ago the government banned the storage of gold and confiscated it from the population, history teaches us that in difficult times governments are capable of many troubles.

Bank deposits in today's realities, when inflation is perhaps even greater than what we can get from deposits, is a very stupid decision.

There are not many options left, and the real estate markets may also be going through very difficult times, do not forget that everything is cyclical and now we are entering a phase when the global crisis will bring us very difficult times. Perhaps in this case, Bitcoin can become a kind of salvation for us, but it must be used as one of the assets, there must always be diversification.

Don't say gold is the main option to save your money, rather one of the options is gold.
There are some investments that are good for the long term such as Bonds, real estate, or large expanses of land, and some Bitcoin investments that are certainly resistant to inflation.

Bank deposits are the last resort when all access to investments is closed such as crypto.
But you should not put everything in the bank, it is not recommended.

There are several other strategies that can be applied besides having to save in the bank or choose gold for long-term investment.
That is by using the Hybrid HODL & Derivative strategy that can optimize your investment.

depending on the money I have. If I already had a lot of money, I would choose gold for long-term investment. However, the deposit offers quite good interest every month. If we have a lot of money and deposit it, it can become another source of income. This is often recommended in books about long-term investing. However, if this has been achieved, and we have income that continues to increase every month, then I will choose gold for long-term investment. Gold is known as an asset that is not exposed to inflation, it can be a savings and investment at the same time.

Any kind of precious metal is a very good investment, as they are a hedge against inflation. Gold is the ultimate option to save your money, and at a time when inflation is hitting every part of the World and every class of the population, it is important to have some investment in Gold because of inflation and devaluation of the currency. Saving in the banks is not a good option currently, and the chances are that your money will be devalued due to inflation. Invest in other mobile/ liquid assets as well to increase the security of your money against devaluation.

Saving money in a bank or deposit does not make your money increase, but instead our money decreases. Fraudulent banks, as if giving advice to customers, will give a certain percentage to each customer from the agreement agreed upon in their deposit. Each country has different calculations or percentages, in my country for taking deposits the government regulations impose a tax of around 20%, If there is gold being traded in a bank, it is best to avoid it, for fear of the bank collapsing. Maybe a little advice on buying gold which is better appointed by the government as a company. Gold is indeed a commodity that is quite stable in the face of inflation.

     You are the one who said that there are banks that are closing due to inflation, so what is the reason to put money there? If you know you are in a situation of extreme inflation, there is no reason for you to put money in the bank. Are you going to board the ship that you see sinking? You already know what you're going to do, right?

     But if the economy is doing well, maybe at least it's okay to put money in the bank. But since you are here in the cryptocurrency business, you can put your money here depending on the coins you want to hold long-term or short-term; that depends on the results of the research you will do.

We know that gold has failed to respond adequately to inflation in recent years. There are many reasons for this, of course, but I think the most important ones are that it is an investment instrument that is open to manipulation and the downward pressure on its price. Since I see gold as a slow-moving investment instrument, I prefer to buy Bitcoin instead of gold because Bitcoin purchased with the right timing earns more than gold.

Deposit in a gold is good investment, if we invest in gold, gold value will go to the inflation. When inflation will be high, deposit in gold will be best option, deposit in bank in gold will give a ROI and we will get 10  percent returns. You are right in this point of view, banks can  bankrupt and it is fact that banks can go to out of cities. If you do not trust on banks, do not deposit your money in banks. Rather investment in gold is good idea and it will save your money. More than 90 percent banks are not able to trust. Banks make money by using money of public and they make a fraud.

Once upon a time it was the same thing, banks were fractional but ultimately it resulted somewhere in a gold deposit against the value saved.   Thats no longer, we have a tether untied and an endless devaluation where savings are seen as the enemy unbelievably.    Just as recently as the last year, savings remaining vs inflation ongoing was seen as a negative because it meant the consumer could continue to spend rather then retract.  
   Capital should be value but it doesnt especially anymore; since we have thrown away the rules on money at least keep 1% gold or some equal store of real value not just a note of debt covered by hope.

I mean yes if you put your money in the bank most of the time the interest your going to get is just too low and at the same time the value of it is dropping because of inflation but at the same time you still need to put some amount on your bank so that you have a cash or emergency cash that you could get at any time, also your gonna need a saving so you could put that in the bank as well. So at least your put some savings that are up to 3 months of your salary as your savings.

No doubt that gold is better as an investment since the value of it is almost guaranteed that after years you're going to get a higher value of it. But if it is always better for long-term investment even though it is gold the value of it is still volatile so if you planning to just sell it after a few months or a year your probably not going to get a lot of profit or possibly you could also lose your money.