Topic: Deposits-in the bank or in gold? - page 6. (Read 1321 times)
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.
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.
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?
Yes, the choice between depositing savings and buying some gold is a decision that should be considered especially when inflation is taking place. indeed a good deposit but the risk of bankruptcy also cannot be ignored even though there is a guarantor institution like you say. Well, if you intend to buy gold from a bank, first you have to identify it first and then ask about the buying process and usually they offer gold in various forms including coins or bars but for added value for customer interest is not given from the bank.
If I have more funds that don't interfere with daily expenses. I will save everything to BTC for 10 years with the intention that this is my deposit and gold for the next 10 years. Maybe not much different, I think.
If I have more funds that don't interfere with daily expenses. I will save everything to BTC for 10 years with the intention that this is my deposit and gold for the next 10 years. Maybe not much different, I think.
The top priority is to first deposit in Bitcoin, followed by depositing in Gold, and lastly depositing in a bank.
Bitcoin has a very limited supply and is still in its early stages of development. This undoubtedly holds great potential for your assets to grow when retirement comes knocking.
Gold, although resilient against inflation, is quite traditional. Its use is inflexible, requiring more effort to secure large quantities of it.
Banks possess a ruthless ability to create money. Not in the literal sense of printing paper bills, but rather by playing the role of a third party in the marketplace of debts and credits. Inflation is an inevitable outcome of saving in a bank, as paper currency constantly loses its strength.
Bitcoin has a very limited supply and is still in its early stages of development. This undoubtedly holds great potential for your assets to grow when retirement comes knocking.
Gold, although resilient against inflation, is quite traditional. Its use is inflexible, requiring more effort to secure large quantities of it.
Banks possess a ruthless ability to create money. Not in the literal sense of printing paper bills, but rather by playing the role of a third party in the marketplace of debts and credits. Inflation is an inevitable outcome of saving in a bank, as paper currency constantly loses its strength.
Why favor bitcoin when it is the riskiest of the 3 assets you mentioned? Should we save first, or should we invest first? While investment does not mean it will always generate profit. Bitcoin is a very volatile investment, so don't prioritize it, you need some savings first. Don't forget, when investing in bitcoin should only invest with money that can be lost, you should not invest with money that can't be lost and affect your life. In my opinion, we should choose the safe option of saving, so we should prioritize first and then think about investment.
The idea common to all 3 ideas is security and the hanging question is what happens when governments with too much debt have a crisis or lack ability to support themselves. Currently they use inflation and money printing but that wont always work so then comes direct confiscation or orders to buy government debt no matter your personal wishes. Unfortunately gold when owned in a vault is as vulnerable as paper money to being forced into this redirection to the greater good and to the savers detriment.
Bitcoin exists because QE is likely to fall over and be seen as failure, what happens when the taps are turned off on easy money and value is found lost.
Bitcoin exists because QE is likely to fall over and be seen as failure, what happens when the taps are turned off on easy money and value is found lost.
The top priority is to first deposit in Bitcoin, followed by depositing in Gold, and lastly depositing in a bank.
Bitcoin has a very limited supply and is still in its early stages of development. This undoubtedly holds great potential for your assets to grow when retirement comes knocking.
Gold, although resilient against inflation, is quite traditional. Its use is inflexible, requiring more effort to secure large quantities of it.
Banks possess a ruthless ability to create money. Not in the literal sense of printing paper bills, but rather by playing the role of a third party in the marketplace of debts and credits. Inflation is an inevitable outcome of saving in a bank, as paper currency constantly loses its strength.
Bitcoin has a very limited supply and is still in its early stages of development. This undoubtedly holds great potential for your assets to grow when retirement comes knocking.
Gold, although resilient against inflation, is quite traditional. Its use is inflexible, requiring more effort to secure large quantities of it.
Banks possess a ruthless ability to create money. Not in the literal sense of printing paper bills, but rather by playing the role of a third party in the marketplace of debts and credits. Inflation is an inevitable outcome of saving in a bank, as paper currency constantly loses its strength.
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 and using it as savings makes a lot of sense. There may be other calculations from the bank, but I don't know the details. You can ask the bank, what if you buy gold and keep it in the bank? Can you get interested in it? But it seems the bank will not give interest for the stored gold, but I don't know.But I prefer to buy bitcoin for future savings because the return on bitcoin can be bigger than gold. I suggest you have both bitcoin and gold to get big profits in the future.
The bank said that interest is accrued only later on resale. So I can't make a profit in a month and take it away. Therefore, this option is questionable, it will take a long time to wait for income. It's not convenient and the course jumps, it's unrealistic to guess how much it will be even in a year.
I agreed I would rather place my money into gold rather than deposits into bank, I know that some people will said that gold is high volatility but that is the main source of the double-digit APY 
And if we buy gold I think it would be more liquid than the locked deposit that is offered by a bank. You buy and hold when you need money just sell with no waiting time.
Yes, it's true, this is one of the reasons why I chose to buy gold instead of depositing it in a bank. because of the liquidity advantage of gold we can buy and sell it relatively quickly, when we need money. For future savings, it's better to buy gold (long-term future savings, a minimum of 10 years is taken) for an emergency fund, it's better to have cash for the remaining 6 months of living expenses in the bank. This is what I've been doing all this time. Don't mess with funds for business + business development. be a smooth business + have future savings + have an emergency fund. Of course if we have more money, we can buy bitcoins to add to our long term investment in the future. And if we buy gold I think it would be more liquid than the locked deposit that is offered by a bank. You buy and hold when you need money just sell with no waiting time.
In the future, it is better to combine gold deposits. But it is better to invest in bitcoin or alcoin, study this topic, it now brings passive income to many, yes there are the same risks, but they are much less. A couple of hours a day and you can grow into a good profit.
If we have a lot of money of course we have to divide it into many places, don't just rely on one place to save because if there is a problem then we will lose it all, saving money in gold is a good thing because the value of gold always increases and gold is always the standard in determines whether the price will increase or not.
In the future, it is better to combine gold deposits. But it is better to invest in bitcoin or alcoin, study this topic, it now brings passive income to many, yes there are the same risks, but they are much less. A couple of hours a day and you can grow into a good profit.
If we have a lot of money of course we have to divide it into many places, don't just rely on one place to save because if there is a problem then we will lose it all, saving money in gold is a good thing because the value of gold always increases and gold is always the standard in determines whether the price will increase or not.
In the future, it is better to combine gold deposits. But it is better to invest in bitcoin or alcoin, study this topic, it now brings passive income to many, yes there are the same risks, but they are much less. A couple of hours a day and you can grow into a good profit.
The percentage of money return for the fixed deposit will be low as compared to the long term profit from the gold.Because gold had stability and gives you solid return from your holding period.
I agreed I would rather place my money into gold rather than deposits into bank, I know that some people will said that gold is high volatility but that is the main source of the double-digit APY
And if we buy gold I think it would be more liquid than the locked deposit that is offered by a bank. You buy and hold when you need money just sell with no waiting time.
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?
Deposits should be mixed: in gold, in fiat (both banks and cash), in crypto also, and in some valuable things... Every deposit type has its drawbacks and advantages. Also it is vital for deposits: they should be suitable for paying directly with them (without exchange) in order to buy things for a living.Thanks for the answer, it's really worth considering the option of mixed investments.
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?
Right now, instead of keeping my money in banks I rather put it in Binance or any trusted wallet but I scatter it I mean I will not put big amount of money I just 1 wallet, I will just make sure that these wallet has multiple factor authentication that cannot be hack so easily. You can also try to put something in earn program of binance so that your money will grow little by little if you want. Better if you do it and then transfer it to a trusted wallet where you own your private keys but that's right don't put most money in one source so that you still have something left once something bad happen to one of them. In the op's question, of course I will go for the gold but as long as I will hold the gold because some gold investment can be owned by a bank or the government.
if you will store some cryptocurrencies, better be it noncustodial so you have full control with your coins, don't store in exchanges even if it is the top exchange like binance. however, as everyone is saying, diversify your portfolio, don't go all in in crypto. you can very well hold some gold in the form of jewelries. you don't need to store such bullions and bullions of gold. gold jewelries come in handy in my opinion. and quite easy to keep safe in your vaults at home.
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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?
To save your savings, it is the best way to don't hold the money in your bank account and it is obviously make a good sense to buy gold for protect your wealth from the inflation and the bankruptcy. In this case, buying gold is a good decision, and if you have more funds, then buying lands property is not bad. In my opinion, these two things never decrease in price, as time goes by, they will increase in price. Moreover, Bitcoin is there for long term holding, if you cannot provide enough security to protect storing gold, then Bitcoin will not be bad for holding.The first option is to buy jewelry. In my opinion, this is not a very good way to invest in gold, since jewelry is made from low-carat gold (gold is mixed with other, cheaper metals).
Buying gold by jewelry will not be a wise decision I think it will be foolish decision and the some causes are already mentioned by you . Even then in my country when you are going to buy a gold jewelry, the jewelery shop will keep the current price of gold from you. But if you wanna sell them then the price of those jewelries will decrease by about 10 to 20% or more. So it would be better to keep your funds in the bank rather than protecting your savings against inflation by buying jewellery. 
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?
For anyone who has been watching gold over the years, it can be such an erratic way to store value and it's pure random luck what's happening when you want to sell. In good economic times, money can often pour out of gold because it doesn't give a regular return (you're just hoping you can sell it higher after you buy it). In bad times, the big money has often already moved into it long before and the average investor is usually very late to the party so will be lucky not to lose a chunk of their investment in the waves of boom and bust. If you like it because it's shiny and you have plenty of spare money around, it is a perfectly fine investment but you should limit it to 5-10% of your assets (maybe having a crypto amount within that total too)
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?
There are several ways to invest in gold.
The first option is to buy jewelry. In my opinion, this is not a very good way to invest in gold, since jewelry is made from low-carat gold (gold is mixed with other, cheaper metals).
The second option is to buy investment gold coins in a bank. Investment coins usually do not have a collection value, they are made of high-quality gold. Usually they are not subject to VAT. At the same time, commercial banks very often set a high spread on them between the purchase and sale prices.
The third option is to buy gold bars in the bank. A gold bar is gold of a very high standard. It must be handled very carefully, because gold is a very soft metal and can be easily scratched.
The fourth option is to open an unallocated metal account in a commercial bank. This is a deposit account denominated not in fiat currency, but in grams of the precious metal. The deposit on such an account usually does not accrue interest.
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?
Right now, instead of keeping my money in banks I rather put it in Binance or any trusted wallet but I scatter it I mean I will not put big amount of money I just 1 wallet, I will just make sure that these wallet has multiple factor authentication that cannot be hack so easily. You can also try to put something in earn program of binance so that your money will grow little by little if you want. Better if you do it and then transfer it to a trusted wallet where you own your private keys but that's right don't put most money in one source so that you still have something left once something bad happen to one of them. In the op's question, of course I will go for the gold but as long as I will hold the gold because some gold investment can be owned by a bank or the government.
There are several differences between depositing in a bank account or buying gold, but both represent an effective method of safe saving if we take into account that the gold will be deposited in a safe place after purchasing it. These differences can be summed up in some points : It must be admitted that saving in banks is usually considered safer. Where the funds are kept in bank accounts that are legally protected and guaranteed by the financial authorities of the authorities of the country in which the bank is active, which proves that they are subject to protection and monitoring procedures on a regular and official basis as well. He added that individuals can benefit from interest on their deposits in banks, at the same time that buying gold is a riskier investment, since its value is directly affected by fluctuations in the precious metals market, in addition to economic and geopolitical factors.
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But buying cryptocurrencies can be difficult.
But buying cryptocurrencies can be difficult.
I don't get it, why is it so difficult to buy crypto? As far as I know, most of the governments have become more crypto-friendly than in previous years, they are no longer banning it but instead adopting it with some regulation attached. There are only a few countries that are still extreme with crypto, but I also don't see many people having trouble buying bitcoin or crypto while in those countries. The only downside I see with crypto is its volatility and that's why it's still considered a riskier asset than gold or real estate. But in terms of investment, the higher the risk, the higher the return.
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