Topic: Deposits-in the bank or in gold? - page 3. (Read 1391 times)

That is depend on you on how you can tolerate the inflation. If you think that you still have more extra money you can diversify your extra finances it would depends on you on what kind of investment are you interested in. If you have doubt on banks that it will go bankrupt then think of other kind of investment that you will benefit. Just like putting up your own business, gold investment, real estate could be a good investment as well. It would really depends on your financial goal and do a research first before doing any investment.

If there were only 2 options, gold would definitely be my choice. Fiat today is no longer reliable. The government is constantly printing fiat, there is no reason for us to keep them as they will reduce the value of our assets. Do not enrich the government or become their food, be wise before it is too late.

Gold can retain value more than fiat does. If a person bought gold 2 years back and sells now he/she will get a better return of investment than living the money in bank.
In my country, most women buys gold a lot for investment and a form of saving money for future. Gold is always a good choice in the absence of other greater alternatives.

The best solution for maintaining assets so that they can survive or increase is to save in gold, as we know that gold is the best type of investment which is the first choice for millionaires, if we only rely on banks then the value of our money can continue to decrease.

New week-new quotes. Now during the upcoming presidential elections in many countries. it is better to refrain from buying gold and investing capital in a bank.

Gold is an investment asset, and its volatility is not as great as bitcoin, but we cannot predict exactly how much return it will bring, as you say.  gold is benefiting from the economic crisis, and most likely when the economy stabilizes again, gold will no longer be as profitable as you mentioned.  but if you compare banks and gold, gold still dominates. but if we need to make a profit, why don't we add the bitcoin option, an asset with far more promising returns than the other two?

Gold is speculative but so is modern money and the interest given for money is lending to banks which already have no real need of your money because the currency is issued centrally mostly by a central bank policy biased towards loose monetary policy.  That is to say that interest will always be less then inflation in this modern era of virtual economics eclipsed by politics and deficit financing debt based fiscal policy spending.
   Capitalism is a system based around the strength of the common worker, the induvial not the massive entities we now know but when we issue endless new currency this is no longer a capitalist system.   Free market maybe but not for national currencies hence the idea or fear by the creator of BTC and amazing foresight that he could see a conflict from these artificial systems to a computer based non political system.
  If Satoshi and/or creators of BTC were correct in that extrapolation, a deposit with bank or vault for gold or currency will not ultimately be safe.   Central banks will not allow free competition to exist and this asset in paper or metal will not benefit the original workers and savers in their value saved.  How exactly events turn out and what time frame Ive really little idea, probably little is reflected on this in this decade imo.

In my opinion regarding the discussion on how to keep savings during inflation, I think it's also good in a bank but Saving money in a bank can offer a certain level of security, but there is always the risk of a bank going bankrupt on the other hand and if Investing in gold has a different taste again this can be a good alternative because gold has historically been a reliable store of value.

For carabeli if I'm not mistaken for now you can buy gold through a bank or a reputable dealer, and it usually doesn't generate interest like a bank deposit. However, the value of gold can increase over time, potentially offsetting the effects of inflation. if I if there are more funds to BTC only. I think it's better because the price is very cheap again.

Yes, that's how it should be because it again depends on you,
asking for advice from a financial advisor is the right step and it will definitely help a lot,
the important thing is to make a decision after you get a lot of information it will be better.

If we have billions of dollar money, it is time to buy gold, the potential for profit that is stable and usually higher than inflation will make us get a big profit, when there is an economic problem such as inflation, saving at banks will not get anything, while the value of gold will continue Ride and can't be stopped.

Yes. This Interesting, regarding the discussion on how to keep savings during inflation, I think it's also good in a bank but Saving money in a bank can offer a certain level of security, but there is always the risk of a bank going bankrupt on the other hand and if Investing in gold has a different taste again this can be a good alternative because gold has historically been a reliable store of value.

For carabeli if I'm not mistaken for now you can buy gold through a bank or a reputable dealer, and it usually doesn't generate interest like a bank deposit. However, the value of gold can increase over time, potentially offsetting the effects of inflation. if I if there are more funds to BTC only. I think it's better because the price is very cheap again.

the choice between bank deposits and gold investments depends on your financial goals, risk tolerance, and investment strategy. It's important to carefully evaluate the pros and cons of each option and consider seeking guidance from a financial advisor or investment professional who can provide personalized advice based on your specific circumstances.

I think the best thing right now is to save money in gold, in my country if you save in banks you only get an annual interest of around 7% or and of course this won't increase your money, while the increase in gold can reach 15% per year so saving in gold is a good thing and more profitable than saving in banks.

If it is inflation, buying gold can be said to be a good choice. In the long run, the income from buying gold depends on the rise and fall of gold. I think the safest way is not to put all your eggs in one basket. You can choose to deposit them in a reliable bank to earn interest, or you can make some fixed investment in Bitcoin. Of course, only long-term holdings can bring good returns.

If retaining value over time is what you are looking to do, gold is always the better option. Fiat will always lose its value due to a lot of factors, most notably inflation. Whereas in gold, people will always buy it and keep it, and industries will always have use for it. It just keeps on getting more scarce over time that its value is practically guaranteed to go up. Other precious metals can also be considered, too. But then again, gold is the easiest to access and remains to be the most popular precious metal that people know.

are you buying gold bullion or in other forms of it like in jewelry? i can agree somehow that better invest in gold rather than deposit in banks. we know how much interest your money is earning in banks. so it is like for safe keeping only when you deposit in banks without the expectation of getting any interest.

choosing to invest in gold is very obvious. gold will be a high exchange rate in the future it is said that gold does not experience inflation like currency because of the scarcity to get it. I always save gold every time I get profits from crypto investments. compared to the bank, I prefer trading and then make gold as a long term. I think that's the best way to maintain and develop assets for the long term.

I don't prefer the two options even though gold is tradable. I will rather use my funds to buy good altcoine in the market that can give me good profits as an investor. The cryptocurrency market has different ways we can make money that is why it is a option for anyone that want to break through financial instability. We always trade coins in the market, hold, stake, mine and do other things that could give up good profits in the market than think of investing in gold where that market can be manipulated by the government. Cryptocurrency has massive opportunity for us to make money as an investor without going through government policies.

Gold is not a particularly common investment category because most individuals don't know where to begin. The majority of people choose to simply deposit their money in the bank where they can earn interest rates on their savings accounts that are below the rate of national inflation. That results from the general public's ignorance of financial matters.

Thank goodness, though, that anyone may now invest in Bitcoin using any internet-connected mobile device, making it accessible to all. The most adaptable and inclusive investment you can make right now with any amount of money while considering long-term rewards is that. I think Bitcoin has emerged to provide a chance for individuals who don't know how to invest in gold and, as a result, couldn't fight inflation in their daily lives without Bitcoin.

Deposit in terms of gold is far better than fiat deposit to be on the safer side during inflation. The gold market always have upper hand amidst the level of inflation experienced around the world. Gold have got its years of history and it never declines in value. When it comes to fiat, governments easily print currencies taking account of the economic situation.

Holding of gold is less risky than holding fiat. The value of gold is much of the demand to supply whereas fiat is not following the demand to supply.