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Topic: Deposits-in the bank or in gold? - page 8. (Read 1391 times)

legendary
Activity: 2884
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Leading Crypto Sports Betting & Casino Platform
May 13, 2023, 09:36:53 PM
There are many problem in Bank i think in this economic situation. Although investment in Gold is better than Bank investment. But i think In Bitcoin investment is best.

I think If you invest in cryptocurrency Like Bitcoin it will give you good return from Bank or gold. Now Bitcoin price is very low. If you invest in Bitcoin, when will start bull market then it will give minimum 2x-3x profit there has no doubt. So i tell you you can invest in gold from band otherwise you can invest in Bitcoin. 
We can diversify assets for investing in gold and bitcoin, both are a good combination to minimize losses if the price of bitcoin falls during a bearish market, then the profit from gold will cover the losses from investing in crypto and will generate high profits if the prices of both assets experience high increases, so there must be balancing assets from gold investments to cover high losses if bitcoin price has dropped significantly

Not gonna lie i am prefer to your opinion. We should put our money both in bitcoin and gold. If we have diservication investments like bitcoin and gold so they will offside the loss and profit each other

Although bitcoin's returns outperform gold, it still has certain risks, such as high volatility or its future being as uncertain as gold's, so asset diversification is essential. Don't just focus all assets on bitcoin, when investing we need to calculate the risks encountered, not just think about the profit.
Many people here don't like gold simply because gold is not too volatile and doesn't give them much return, but they forget that high return comes with high risk, bitcoin is not as perfect as many think.
hero member
Activity: 630
Merit: 611
May 13, 2023, 09:33:24 PM
deposit money in bank as well as gold both are beneficial and both have some sort of risks so if you want to be successful you should avoid the risk because there is no any field of saving money which has zero percent risk. Although the risk with gold is not such high because I have experienced that gold never make its investor unhappy and hopeless because when I was 14 years old that time the price of gold was 20k something but now as numerous years passed so we can see that it does not come back to 20k but instead it goes higher and higher so just choose gold instead of saving money in bank.
Well that's right. Because basically the value of gold remains the same from year to year. what makes it look more expensive is because there is a decrease in the value of the currency itself which is affected by inflation from year to year.

So keeping savings in the form of gold is indeed the wisest step that can be taken. Because gold has been proven to be able to maintain its value.
STT
legendary
Activity: 4102
Merit: 1454
May 13, 2023, 06:56:24 PM
The problem with security of the bank vs the gold is that the most common storage of bigger amounts of gold is within the vault of a different kind of bank able to store gold, silver and all the precious traded metals.    That security and ease of access could be equal in both cases, gold price moving around so much could cause upset and mean pressure of the vault to comply with new laws that cause their customers problems.  For example from my own experience I have had gold withheld that I owned from September to March before I was allowed to access it, if I had been especially desperate for liquidity that would have caused me great trouble.   The gold was fine in theory but theres always paperwork whatever you own it seems, someone wants to double check everything and it can take forever it seems a problem all assets have.
sr. member
Activity: 1008
Merit: 366
May 13, 2023, 05:54:02 PM
I think you can't compete with the inflation happening over and over with bank deposits. Because the interset they give you is very low compared to what you can earn with it. And as you mentioned, the fact about banks going bankrupt. It is never a good idea when it comes to make a savings by depositing in banks. Gold is a good idea, but it takes so much time to get its value up. But given the time period and price, the profit can't be that much. In gold investing, it takes patience and will to hold for a long time. So why not invest in Bitcoin instead? I am not saying you should do it right away. Do your research before you do. In the end, it's your money, so use it as you want.
The best thing about Bitcoin is that, it can give you a lot in return in profit which golds can't. But you need to know about market volatility. So my pov.
Bitcoin= good profits in the long run, but includes risks.
Gold= Return is not much acceptable given the fact that you're also spending almost the same amount of time as bitcoin but the return is so small. But this is the safest bet to me to hold cash/invest.
legendary
Activity: 3304
Merit: 1617
#1 VIP Crypto Casino
May 13, 2023, 04:54:39 PM
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?

You are on bitcointalk.org & you are asking if it’s best to save money in good or your fiat bank?

Seriously, dude what is wrong with your line of thinking?

The answer to your question is neither, deposits in the bank go there to die via inflation & gold is an extinct investment. Save your money in bitcoin, the best performing inflation hedge of the last decade.
sr. member
Activity: 602
Merit: 260
May 13, 2023, 03:04:05 PM
There are many problem in Bank i think in this economic situation. Although investment in Gold is better than Bank investment. But i think In Bitcoin investment is best.

I think If you invest in cryptocurrency Like Bitcoin it will give you good return from Bank or gold. Now Bitcoin price is very low. If you invest in Bitcoin, when will start bull market then it will give minimum 2x-3x profit there has no doubt. So i tell you you can invest in gold from band otherwise you can invest in Bitcoin. 
We can diversify assets for investing in gold and bitcoin, both are a good combination to minimize losses if the price of bitcoin falls during a bearish market, then the profit from gold will cover the losses from investing in crypto and will generate high profits if the prices of both assets experience high increases, so there must be balancing assets from gold investments to cover high losses if bitcoin price has dropped significantly
hero member
Activity: 2478
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Leading Crypto Sports Betting & Casino Platform
May 13, 2023, 02:48:31 PM
deposit money in bank as well as gold both are beneficial and both have some sort of risks so if you want to be successful you should avoid the risk because there is no any field of saving money which has zero percent risk. Although the risk with gold is not such high because I have experienced that gold never make its investor unhappy and hopeless because when I was 14 years old that time the price of gold was 20k something but now as numerous years passed so we can see that it does not come back to 20k but instead it goes higher and higher so just choose gold instead of saving money in bank.
Investing in gold is more recommended than saving bank money, investing in gold is very profitable every year because the price always increases and the risk is low for investment, even though the economy is experiencing international inflation, the price of gold has remained stable until now, but if you save money it will impact the value of the currency. low the impact of inflation that is being experienced in each country.
hero member
Activity: 1736
Merit: 501
May 13, 2023, 02:42:31 PM
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 have always thought that deposits and gold are different. Deposits are parking funds that will be used, while gold is a fixed asset. Or in short, deposits are capital, while gold is an asset. This is a personal financial perspective.

Both are actually detrimental for those who want to think far ahead.
Deposits, the tax is very large, namely 20%.
Gold is also a very large purchase and sale tax.
If we borrow from a non-subsidized bank, we are subject to interest of 19% per year, while deposits are only given 3% interest after deducting taxes.

If we have an Entrepreneurial mentality, it would be nice not to buy gold for our capital and not for our capital to be deposited.
You may set aside some of your business profits to buy gold and for deposits. But here I suggest for Bitcoin Investment.

There is no single asset that can beat inflation except bitcoin. IMO
That's where our brains have to work extra, forget about assets before we have some profits to buy them.
remember..
Use our assets that produce and grow in times of inflation.
hero member
Activity: 1722
Merit: 895
May 13, 2023, 02:30:41 PM
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 two choices are faced by me then gold is the choice, there is a basis why gold is the best choice compared to deposits. In the case of security and maintaining the value of money that we have deposits do not offer a better choice, for example a bank bankruptcy occurs and the value of the currency is depreciating day by day. Gold played an important role during its heyday, where the ancients used gold as a transaction tool and the advantage was that the value of gold did not depreciate. While deposits are products issued by banks, you rely entirely on a centralized system whose security we cannot guarantee in the long term.

The right choice is choosing gold to save and you don't have to worry about the value depreciating at any time, even though talking about profits may not be the same in a short time. If you want to be safer, you don't need to buy gold at a bank and follow their system, gold can be purchased individually at a place that sells it and you can safely store it yourself.
hero member
Activity: 2506
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Eloncoin.org - Mars, here we come!
May 13, 2023, 01:30:24 PM
deposit money in bank as well as gold both are beneficial and both have some sort of risks so if you want to be successful you should avoid the risk because there is no any field of saving money which has zero percent risk. Although the risk with gold is not such high because I have experienced that gold never make its investor unhappy and hopeless because when I was 14 years old that time the price of gold was 20k something but now as numerous years passed so we can see that it does not come back to 20k but instead it goes higher and higher so just choose gold instead of saving money in bank.
full member
Activity: 602
Merit: 144
Chainjoes.com
May 13, 2023, 01:29:39 PM
#99
There are many problem in Bank i think in this economic situation. Although investment in Gold is better than Bank investment. But i think In Bitcoin investment is best.

I think If you invest in cryptocurrency Like Bitcoin it will give you good return from Bank or gold. Now Bitcoin price is very low. If you invest in Bitcoin, when will start bull market then it will give minimum 2x-3x profit there has no doubt. So i tell you you can invest in gold from band otherwise you can invest in Bitcoin. 
hero member
Activity: 1414
Merit: 670
May 13, 2023, 01:10:44 PM
#98
In my mind the best choice will be gold but if your are in favor of long term investment because there is no affect on price of gold due to inflation and the reason is fixed supply, also with time to time it's prices increase slowly but steady. While on the other side in current time deposit in centralized bank will be risky because of bankruptcy cases of few big names banks like silicone valley bank and many more, and also devaluation of deposit currency in bank damage your portfolio.
But you can invest small amount in any other small business to get instant and quick profit because profit from gold will take time..
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
May 13, 2023, 01:06:51 PM
#97
Well gold is a better option especially if you are into  long term holding;rate of increase is higher which will basically generate profit but this is only if you can provide the security to your asset. The advantage of bank is them handling your money for you and that includes securing your funds. Unlike with investments such as gold, you are the one responible for it whether its price would fall or lost assets. Therefore it is a matter of preference.
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?
Bank Deposit or Bank FD are not profitable now.  Because the bank gives a maximum interest of 4-7% but every year the price of goods in the country is increasing at a higher rate, so if you keep money in the bank, the value of the money is decreasing. so now the best plan is to invest in a strong and valuable asset like gold, land etc. these will hold the value of money. If we focus on digital assets, then Bitcoin is also a solid investment asset. Here too some money can be invested.
I agree, the increase with the depositied value is not catching with the faster rate of increase on the price of marketable goods. Therefore, it is just more of ystematic way of saving. Banks would also imply taxes with transactions which is a disadvantage from choosing a profitable asset.
sr. member
Activity: 2268
Merit: 275
May 13, 2023, 12:53:43 PM
#96
Until now I have never bought gold in large quantities, this is because I prefer other types of investment, for example stocks or property, in my opinion gold investment must be supported by good security, people deposit gold in banks with fees that can reach 1% per year and in my opinion is the wrong thing, it's better to buy a special safe to store gold.
Yes that is true, is a comfortable feeling when investing in the emas then we keep it in the safe kit itself, but I think it will be very dangerous if there are family members who know besides people we can trust such wives, especially if we know that we have Gold in a safe at home, it will cause excessive anxiety while on vacation. 1% maintenance costs in the bank are burdensome to us too, because from what is benefited from gold sometimes in a matter of years can be with the same value, but to withstand the value of inflation is the right choice.

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.
It might be a pretty good alternative choice, where we can staking our crypto and earn income from the crypto that we stake, with a fairly calculated, and capital gain when the crypto that we stake has increased in price.
hero member
Activity: 770
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Leading Crypto Sports Betting & Casino Platform
May 13, 2023, 11:22:24 AM
#95
I prefer a deposit in the bank rather than gold, this is because saving money in the bank is safer and of course getting security guarantees so that when things happen then we can claim, in contrast to saving money in gold so if we are lost we cannot do anything.

Everybody has a choice, but sometimes the choice of every individual is still what can be problematic at times. Let me give you an example: imagine you have gold that is worth about $20,000, and you sold the gold and deposited the money in the bank because you thought that it was safer to keep your money in the bank than secure the gold yourself. After you have done that, let's say in the next five years, the gold you sold for $20k increases to $45k, which means that while the money you deposited in that bank has only yielded 50% and the things you want to spend that money on might have gone up in price by about 10%, you will definitely spend all that money, and it will not even look as if you had any interest on that money you deposited because inflation will go high and the purchasing power of the money will also reduce so badly. So at that point, you would wish to keep your money in gold since it also generates value as time passes.
hero member
Activity: 1470
Merit: 608
Vave.com - Crypto Casino
May 13, 2023, 11:18:15 AM
#94
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?
Bank Deposit or Bank FD are not profitable now.  Because the bank gives a maximum interest of 4-7% but every year the price of goods in the country is increasing at a higher rate, so if you keep money in the bank, the value of the money is decreasing. so now the best plan is to invest in a strong and valuable asset like gold, land etc. these will hold the value of money. If we focus on digital assets, then Bitcoin is also a solid investment asset. Here too some money can be invested.
legendary
Activity: 2156
Merit: 1018
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May 13, 2023, 10:37:20 AM
#93
investing in gold is better than deposits in banks, especially now that during the inflation period there are many bankrupt banks, it is unlikely that deposit funds that have not matured will be paid by the bank,
If you are in this forum, you must have read about alternatives to saving in banks and gold. You can also save your funds in crypto, but in saving in crypto, we have to be right in choosing what coins we will invest in.
sr. member
Activity: 1232
Merit: 250
May 13, 2023, 04:27:39 AM
#92
Invest in Gold but not at once and also not the complete amount you have in liquid. Keep some liquid funds in your bank account or do some deposits with an easy withdrawal option. But good returns will be from the Gold investment. You can also try Silver because it is giving good returns and also it keeps the potential to give a good return in the future.
newbie
Activity: 28
Merit: 2
May 13, 2023, 03:50:40 AM
#91
It is better to invest in gold, the banks will now burst and the solid will remain, although there are deposits that can be guaranteed to quickly receive income.
sr. member
Activity: 1316
Merit: 254
Sugars.zone | DatingFi - Earn for Posting
May 12, 2023, 03:33:11 PM
#90
I think it is understandable that you want to buy gold in this inflationary economic period because gold is a stable economic investment channel and is anti-inflation. And if you want to save money in a bank, I don't think you should really trust the current banking system. Instead, you can learn about bitcoin and invest in it over the long term as an asset class. Although not yet released in many countries, with admirable development, this is a promising asset class for the future. Of course, there are still some risks, but they always come with commensurate returns.
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