Haha, I was reading a few comments and also the Ops question made me laugh at the thinking of some users besides that I will put forward my own view on it. Deposits I think deposits belong by the mean to the investment world and we all know investment brings risk and opportunity both, My stand on deposits belonging is that a specific amount of the deposits in terms of the investment should be used in the Crypto industry not at all supporting the mean meme coins and altcoins my pure intention is with the strong projects and king BTC. Coming to the next point in the coming days there will be a maximum of deposits in the Crypto market reason revolution in the financial world after recovering from the global recession DNA realization of the truth of getting tapped always.
So end of the story is deposits are now or going to be only in the Crypto market.
Topic: Deposits-in the bank or in gold? - page 11. (Read 1391 times)
Investing in gold could be an option, but people in this forum including me prefer to invest in Bitcoin to hedge against inflation because the return could be higher than gold and the uniqueness of decentralization which you can't find in any other asset.
Bitcoin should be added in this case as it is also resistant to inflation, and the security and convenience of bitcoin are superior to gold. Holding too much physical gold in your home is another risk when investing in gold. Gold is quite cumbersome to move as well as store, so it will be easy for others to notice if we hold a large amount of gold. But bitcoin will perform better in this case, storing and preserving bitcoins is easier than ever when we just need a hardware wallet and remember the passphrase carefully. Bitcoin not only guarantees the value of assets but also ensures our own safety. If I were OP, I would consider and choose bitcoin over gold and bank deposits.
How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?
I wouldn't advice you save up money in the bank but its no bad idea having your day spending money in the bank and inflation is one of the major reason why I wouldn't advice you or anyone to deposit money in the bank for a longer period of time as there have been cases of local banks going bankrupt and there was absolutely nothing dine about it, not even by the government.
Rather than bother over where to buy and store gold, I will advice that you just buy the gold infirm of jewelries and I once had an elderly friend who invest strictly in looking classic in gold and diamond and I at some point thought it was a total waste not until I went so close to him and then realized that it was all form of investment to him and he also told me that he has been in the business for over 18 years as at then and still doing well in it and what he simply does is buy gold and diamonds in firm of jewelries and sell them off when the need be.
So I would advice that you get gold in firm of jewelries, rock them and when the need comes for sell, you sell them off and restock and its just like saying one is aiming two birds with one stone.
As the bank is going through an ongoing crisis saving in money in Bank is definitely risky. After recognizing this issue those who try to do this will be responsible for any major disaster in the future. The crisis of the US banks will not be resolved soon. Moreover, we know that the main strength of a bank is public trust, and once it is lost, it will not take more time to bankrupt. In the meantime, the negative impact of the US Bank has started to affect the various banks of the world. But from this point of view investing in gold is quite safe. Many are decide crypto or gold to get rid from inflation. According to my perception and as a smart investor who will invest in Bitcoin will be able to earn huge profits.
How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?
One of the banks operating in my country is currently experiencing problems with its network. All customers cannot make transactions since 2/3 days ago either on mobile or ATM or through tellers. This is of course very bad when customers need money for urgent needs, the bank only asks its customers to be patient and patient.IMO, banks are a bad choice right now as a place to keep your money, you shouldn't even keep large amounts of your money there. Banks are getting more and more problematic and will only let you down, so the right choice now is gold or maybe crypto including bitcoin. Losing customer trust in the end will probably be the biggest problem that will be faced by banks around the world. Other assets such as gold, crypto, and several other investment assets are worth considering in my opinion, and maybe it's time to discredit banks as safe and profitable investment options.
How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?
As far as I know, you can't buy gold only at the bank, as far as I know. So if you are asking where is it better to put the money, in the bank or in gold? And for now it is too risk to put our money in the bank if you are located in U.S especially in the inflation they are facing it now.
Of course, for me it's better to use it in gold than in the bank, because at least with gold anytime it can become money and at the same time there are also ups and downs that happen here when it comes to business trade.
But you need to make sure that you will own physical gold, not gold in the bank. Deposit money in the bank or invest gold through the bank. That means you will only receive a certificate that you have deposited the assets in the bank but that you do not own any physical gold. The risk is the same. If OP is looking to make a profit from depositing money in a bank or investing in gold. Why not think of another solution like bitcoin, for example?
How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?
If I have to choose between these two options, bank deposits or gold, I will prefer gold as my investment option, because gold is opposite directly to inflation, if inflation is very high then gold also rises, it has been proven that gold is the best option between two This, if talking about deposits, it is certain that the interests of the profit from deposits have been confirmed when carrying out deposits and the average annual interest obtained below 8% yoy, of course in the movement of inflation can rise to more than 10%, and of course it is a threat for those deposits investors.And if you enter the Bitcoin option into one of the two options, I better choose Bitcoin as a means of storing values and investing.
Have different baskets. Dont limit your options to between saving in banks or investing in golf. Saving money can be a challenge, especially with limited income and expenses such as school, social activities, and personal interests. However, it's never too early to start thinking about ways to protect your savings against inflation and other economic risks.
Investing in gold can be a good option for protecting your savings against inflation and other economic risks. While it may not be the most traditional investment choice, it can offer long-term stability and security for your money.
Investing in gold can be a good option for protecting your savings against inflation and other economic risks. While it may not be the most traditional investment choice, it can offer long-term stability and security for your money.
I deposit in the bank, this is because when saving money in a bank it is safer than gold, I can't imagine saving money in gold so it makes it difficult for me to sleep and go to work because I'm always worried if the gold is lost, saving money in the bank is safer because it's easy for us to control.
You can try to use bank to invest in gold. In our country, skme banks offer gold savings account where you don't actually own physical gold. Instead, you own shares in a fund that holds gold, and the fund is responsible for storing the gold securely. In this case, you don't need to worry about storing the gold yourself. We'll go back to the question if it is safe to go to banks. It makes sense because bankruptcy of a bank holding the gold would not directly impact your investment but if the broader financial system were to be impacted by the bank's bankruptcy, (if you watch the movie Big Short) the value of the fund holding the gold may still be affected. gold for long term and bank for medium term. if you have a lot of money to invest I suggest taking both, even not too long to return the investment it is very profitable for those of us who want to take profits with a little patience and gold is the most promising investment in the future because the exchange rate often rises because money continues to experience inflation.
Yes as gold preserved it's value for a long time even in the past era. So investing in gold would be better for a long term, but you could still invest into banks incase you want a short term for you to have funds in case you need it. Still it's up to your preferences if you are patience enough to hold your gold that even your grandchildren could hold them, then for sure it was a good investment.
How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold?
It makes sense to diversify your investment to other things like purchase of gold, precious metals, bitcoins and land since these are all limited and will have higher values after inflation but saving or keeping money especially in banks is not wise against inflation. Regardless of the many deposits that may be offered by banks, your money will be lesser in value by the time inflation has dealt with it.Money kept in banks should not be higher than the money you have invested, money kept in the bank should be for easy access to fiat and not for savings.
I deposit in the bank, this is because when saving money in a bank it is safer than gold, I can't imagine saving money in gold so it makes it difficult for me to sleep and go to work because I'm always worried if the gold is lost, saving money in the bank is safer because it's easy for us to control.
How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?
I will prefer to keep my money in any profitable means that I have custody of. When you put your money in the bank you lose total control of your funds. The banks can claim to be insured by the national deposit insurance of any country but the stress and inconvenience that retrieving your funds will cost is sometimes unbeatable. I know when banks collapse depositor's funds are safe but I don't want to go through bureaucratic bottlenecks to get my own money back.
If I may get you correctly you are talking of buying Gold as a currency to trade and hold? Just as few have mentioned banks doesn't sell gold but for some security reasons you may decide to store them over there. But practically you can change the narratives of buying digital gold which is Bitcoin and hold with this you are in possession of your asset and there's no risk of bankrupt or government in control of your assets. Digital money being bitcoin gives you more edge than fiat and it doesn't make any increase all less in a fixed deposit account.
I will prefer buying digital gold if it is safe than sending physical gold to the bank for safekeeping. Bankers are not trustworthy. They can even use your asset for business transactions without your consent. When the bank goes bankrupt you will hear unbelievable stories about your gold deposits.
gold for long term and bank for medium term. if you have a lot of money to invest I suggest taking both, even not too long to return the investment it is very profitable for those of us who want to take profits with a little patience and gold is the most promising investment in the future because the exchange rate often rises because money continues to experience inflation.
I have no idea about buying gold in the bank so I can't say anything about that but if you're trying to deposit in the bank, it'll just be kept there with low interest. And as time pass by, inflation could increase rapidly but your deposit in the bank would still be getting low interest so it won't cover the expenses you'd spend due to high inflation. Also what you've mentioned that there are possibilities that the bank can go into bankruptcy so I believe it's better to invest it in gold as it would still be valuable over time. And gold is good for a long-term investment so it's safer.
How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?
Just keep an amount that is enough for you to use in your daily life plus emergencies on bank accounts and keep the rest on investments like gold, silver etc., Bitcoin is a great option as well. Keep in mind though, all these investments have their own risk levels which you should also consider as you create your portfolio and investment strategies. Just try to read and know more about all the investment options that you are considering and then try to weigh all the pros and cons that each option has. Then, try to determine how much risk you can tolerate, how much loss you can take etc., etc. These all may sound easy to others while for some a tedious process but if you really want to succeed in something, you will have to put the time and effort regardless of how you see the process.
How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?
Although its good to listen on everyone's different opinion about certain comparison but still the choice will be depend on what you prefer since the level of risk of those selection is totally different so its really depend on what you can take among those selection although both is quiet safe but there's still at risk to lose value knowing inflation soar high and your money will get less buying power over the years if you select to deposit on banks.
But if you select gold then its also safe value also keep rising and I think you will not lose anything here and patience is only the main thing upon choosing to invest with gold.
How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?
Just keep an amount that is enough for you to use in your daily life plus emergencies on bank accounts and keep the rest on investments like gold, silver etc., Bitcoin is a great option as well. Keep in mind though, all these investments have their own risk levels which you should also consider as you create your portfolio and investment strategies. Just try to read and know more about all the investment options that you are considering and then try to weigh all the pros and cons that each option has. Then, try to determine how much risk you can tolerate, how much loss you can take etc., etc. These all may sound easy to others while for some a tedious process but if you really want to succeed in something, you will have to put the time and effort regardless of how you see the process.
How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?
Buying gold to me is something people to do protect their wealth. If you have more money than you know what to do with, sure, get some gold as insurance. If you’re trying to maintain spending power and beat inflation though, your best bet has always been stocks. I feel like cash and gold are both lost or confiscated more than I’d feel comfortable with, but you rarely ever hear of stocks being lost or confiscated, not to mention their historical return has been quite higher than gold or cash.
Once inflation stabilizes stocks will definitely see better gains than holding onto liquid cash even if the interest rates might temporarily lower the value of a portfolio.
If the government wants to seize someone's assets I'm sure they'd go after someone's brokerage account. They most certainly would confiscate cash stored in a bank. IMO not even gold is safe from seizure, Bitcoin's the only asset immune from confiscation granted you take steps to protect your private keys.
When it comes to inflation, the best savings are physical deposits, and gold is one of them. that's why it is very important to divide the savings into a few percent and put it in the form of investment a few percent, and buying gold is also one of the best investments. between the two choices between saving money and gold, I prefer gold.
If I am brutally honest, I do not trust any of the two options. The global Banking system are in trouble, we all know that.... and there are just so much governments can do with bail-outs to protect them.
The Gold industry are also being controlled by Gold cartels and Gold audits are not being done, so people are buying into something that might just be on paper or numbers on a spreadsheet. It might be better to buy physical Gold, but then you have the added problems to keep it safe.
I like property rentals, because people always have to have a roof over their heads.... and I like to invest in the food & beverage industry, because people have to eat and drink.
The Gold industry are also being controlled by Gold cartels and Gold audits are not being done, so people are buying into something that might just be on paper or numbers on a spreadsheet. It might be better to buy physical Gold, but then you have the added problems to keep it safe.
I like property rentals, because people always have to have a roof over their heads.... and I like to invest in the food & beverage industry, because people have to eat and drink.
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