Topic: Deposits-in the bank or in gold? - page 5. (Read 1386 times)

Although it is quite difficult to choose but the decision to invest in a bank or purchase gold depends on various factors, including your financial goals, risk tolerance, and market conditions. Investing in a bank typically involves depositing your money in various financial products such as savings accounts, certificates of deposit (CDs), or money market accounts which has marginal profit but has the safety.
   While as Gold has been seen as a hedge against inflation. Unlike interest-earning bank accounts, gold doesn't generate income. Physical gold needs to be properly stored and secured, which could cost more money. You can invest in little transactions like cryptos and other small markets instead of keeping your cash locked up in the bank

I think he's talking about perspective - put it down and forget it. With the crypt, you still need to devote time, but in gold, even the same banks will not pay large interest. And just putting it down and waiting will take too much time. Of course, it's better to buy coins and spend a little time on it and get an income that you will see yourself than to wait for a miracle from banks and their small percentages.

You have correctly understood the distinction between physical gold and digital assets like Bitcoin. While physical gold can be purchased and stored as a means of diversifying and protecting wealth, digital assets like Bitcoin offer a different set of advantages and considerations

Indeed, why should we invest in something that is being printed in unlimited quantities? While the government is still printing fiat non-stop, there is no reason for us to hold it for long. If I only had to choose between depositing money in the bank and depositing gold, I would choose gold without hesitation. But gold is valuable not only because it is tied to the needs of women, if you regularly follow world news, you will see that countries are still racing to hoard gold more than any other asset class. That shows a huge demand for gold and it is also an asset with limited supply. But it wouldn't be wise to put all my eggs in one basket, so I'll look for other possible solutions like bitcoin. But if OP doesn't like bitcoin for some reason, you can look for other assets like real estate, and other metals like silver are also very potential...

I used to like to invest in deposits, but now they have a small percentage of income. And it is not always possible to remove it on a day-to-day basis. This option is unjustified and there will be no move. Gold is not a bad option, but only if you are not eager to get a quick income.

that is one of the advantages of investing in gold, besides the goods we can use and also when there is an urgent need there are many options that we can use to take out a loan with gold as collateral or sell it very easily too.
and also if you look at the movement of the price of gold from the past, nothing has decreased and has even continued to increase even though with very small movements.
Gold is of course a very good investment when compared to deposits.
the disadvantage of investing in deposits is that when you really need it, the investment is not easy to liquidate, there are even certain times that have been agreed upon from the start.

As the situation in the country worsens and some of the reputed banks are already rumored to be bankrupt due to corrupt people.  Although the rumor says that the matter cannot be avoided, because it has been found to be true.Due to this the policy is having an impact on other banks.  People are now afraid to deposit money in banks, and they think it is too risky to keep money in banks because of current inflation.There is no risk in investing in gold, the price of gold never goes down, it keeps going up. If you don't like to keep money in the bank, convert your money into gold as an alternative investment, in the future, the price of gold will be higher and you can earn good profit.If you have good experience then you can invest in cryptocurrency.

It seems you may have missed the point I was trying to convey earlier. Allow me to provide a more easily understandable example for a high school student, even though you are certainly mature enough to comprehend this sentence. I hope you don't mind this simplified explanation.

Imagine receiving a monthly salary of USD $4000 at the beginning of each month. Now, you may be uncertain about how to utilize your earnings. Remember, it is essential to allocate funds for basic needs before considering investments. I believe that allocating USD $3000 per month should be sufficient to cover your living expenses until the next paycheck. This includes rent payments, utility bills, transportation, insurance, food, entertainment, credit card installments, and other essential needs.

You can keep the allocated salary in a bank that provides ATM services or an online banking application. This will facilitate your day-to-day transactions.

Now, you have USD $1000 left, which can be invested. As I mentioned before, consider investing in Bitcoin while taking into account your personal risk tolerance. You don't have to spend the entire amount on Bitcoin. You can allocate 50% or even 25%, depending on your current financial situation. The remaining portion can be used to purchase gold. I do not recommend depositing it in a bank's fixed deposit account if the amount is small, as the interest rate on fixed deposits is usually around 5% per year. Even if you have a deposit of USD $100,000, the bank would only pay you approximately USD $5000 in one year, which is not significantly different from your monthly salary.

I do not possess such disposition in my lifestyle. It is deemed imprudent and carries excessive risk. Even for those who harbor unwavering confidence in Bitcoin, the future remains unpredictable. Therefore, refrain from entrusting the entirety of your wealth in something uncertain. Allocate your resources according to your capabilities!

I'm not saying we should put all our money in the bank, and I'm not saying we shouldn't invest in bitcoin either. What I want to say is which one should be prioritized first, and I don't think it's a good idea to prioritize money to invest in bitcoin while you don't have any savings or reserves yet. From what you say, it sounds like you are pretty sure about the future of bitcoin, and you always put bitcoin first. If so, why don't you borrow money to invest and sell real assets to invest in bitcoin? Because if you can be sure that bitcoin can make big profits and make you rich, then bank interest is nothing to you.

For me, I need money to deal with my daily needs, need to have a reserve for emergencies...when I have those funds, I will think about investing. Investment is important because only it gives us the opportunity to change our lives, but the family's living needs are still first, I can't let my children go hungry and use that money to invest.

Rather than investing into fiat, it is good choice to go with gold. Throughout history the importance of gold can be seen and the goodness relies on how we make use of it. Women love gold and the same serves as an investment. This is two in one against the inflated fiat. I should've invested in bitcoin, but my major investments were on gold. This is all because of the choice of using it as collateral to get loans when there is an immediate need for money.

I wouldn't say they "often" go bankrupt. But where are you buying your gold? Are you going to store physical gold with certificates? Are you storing it in your home? Are you going to buy a safe or how are you keeping it secure? You can't really store it in bank, like you said, you are afraid that they are going bankrupt. If you are buying commodities from stock exchanges? What if those exchanges go bankrupt?

Imho you can't really live your life scared that banks will fall. And why not buy bitcoin instead? That's more liquid to get rid off and easier to store.

did you not want add another option like bitcoin lol

^{[between gold and bank deposits]} --why do have to invest in something that can be continuously printed by the government like fiat currency, imo saving paper money is ridiculous, the thing that keeps happening is losing value over the years, and also the result of inflation.  while gold, well the amount is limited and the circulation of money there is quite fast, apart from that the majority of people still really love gold even gold is still the primadonna for women, this is what makes gold quite immune to inflation.  i invested in gold before getting to know bitcoin and when i got to know bitcoin i invested 60% in bitcoin : 40% in gold.

Not keeping all our investments in one basket is highly recommended. And if it's to maintain the value of our assets then saving in gold is the right thing. but if we want the value of our assets to continue to grow. then investing in something else is the best. One of them is in bitcoin and property. But I'm not sure about altcoins. Because there are too many risks that altcoins have. unless we only go in for short-term investments and by going through a more thorough analysis therein. But if it's about the long term then investing in Bitcoin is certainly more potentially and safer than altcoins. But if it's only to save and maintain the value of our savings then of course gold is what I also choose at this time. Because inflation doesn't really have an impact on gold. and it has been proven over the decades that the value of gold has not changed much from year to year even during the most recent economic crises in history. Gold is always an option.

You are right, now keeping money in the bank comes with certain risks. One of the risks of a bank going bankrupt remains and is now a frequent occurrence. For this reason, I think investing in gold is the right choice because it can be a good alternative in dealing with inflation. Apart from that, we also know very well that Gold has been known as a reliable store of value for centuries. The value of gold is always stable, even increasing over time. so, I think Gold is a safe asset in the long term.

Since the OP asked about planning for savings in times of inflation, I'd suggest diversifying and considering different options. You can consider dividing your finances, you can bank savings for daily needs, besides that you can invest in bitcoin too but still according to your long term goals.

Choose Bitcoin if it aligns with your risk profile. Each of us has a unique risk profile in life. Placing Bitcoin as a priority means considering it as a mandatory investment instrument. The of money you allocate to Bitcoin varies amount depending on your condition. You don't economic power and financial have to put a significant portion of your money into Bitcoin, but prioritize making even a small investment in Bitcoin.

Surely, you understand that keeping money in a bank will only cause its value is due to to decline. This the crazy inflation of fiat currency. An example is in the US, where back in 2010, you could rent an apartment for $1500, but now the rental price has risen to $2300. Saving in a bank will only decrease the value of your money. And to purchase goods at a later time, you will need extra money.

I know we are on the bitcoin forum, and there are a lot of bitcoinists. But to be fair, investing in bitcoin also has certain risks, it is not absolutely safe. Therefore, when comparing or giving advice to someone, we need to tell the truth and be complete. I just saw you talking about the collapse of banks and the slow rise in gold prices, and I didn't see you mention any downside of bitcoin. Is Bitcoin perfect and without any downsides? Is that fair? Everything is risky and nothing is perfect, buddy.

Whatever you do don't diversify! Do NOT keep some cash, gold and silver on hand. Do not maintain BTC as a percentage of your portfolio. Identify through emotion the one of these that is going ot make it big and if you don't do it now you will miss out. Take that ONE and go all in on it! Spend countless hours constantly checking on the sure thing. Enjoy restless nights knowing you did the right thing.

Go big!

Nowadays, keeping money in banks is very risky because nowadays various banks have gone bankrupt due to loans. So if you keep money in the bank in this situation, there will be a lot of financial risk. Since it is not safe for people to keep money in the bank now, many people are trying to save their money by buying various things. In that case gold can be a good decision. But investing in gold has a very low chance of growth, so if you can buy and hold Bitcoin instead of gold, there is a chance of making a profit as you save money in the future. Many people currently hold their bitcoins in hardware wallets rather than bank money.

The most reliable is bitcoin. But if we consider the contribution and gold, then of course gold. Gold grows at any time, it has a minimal rollback, but still you will get a profit. If you consider to earn income, buy Bitcoin after all.

I want to invest in gold so that I can withdraw them at any time. With bitcoin, there are difficulties with withdrawing money urgently (if there is such a case). Yes, gold is a hard metal, but how it behaves at the moment. Does inflation rise or fall with surges?