Gold & Silver are safe than bank deposits ?? - page 13.

xitrum

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Quote from: Gabali126 on September 14, 2018, 10:47:45 AM

Quote from: First77 on June 13, 2018, 01:19:32 AM

I think now fixed deposit interest rates are less than 5% p.a in USA and Europe. In India fixed deposit rates are 6.5%.

Gold and Silver gives average profit of 8% to 12% per year. Silver will most likely give 20% to 30% profit each year from here on to reach $60/ounce.

Example:

Profit for gold and silver for year 2016 is 12%.

Profit for gold and silver for year 2017 is 0%

Profit for gold and silver for year 2018 is 8%

Profit for gold and silver for year 2019 is 16%

So average profit for 4 years is +9%

How secured/safe are investments in gold and silver if you decide to remove/withdraw your money from banks fixed deposits and invest them in Gold and silver ??

I believe Gold and Silver are safer than bank deposits due to the possible high profits. Also, when the banks are in crisis, gold and silver are unaffected.

Yes, gold investment brings more profits than banks and at the same time it offers more opportunities than banks.

In my country, they usually buy gold at the end of the year and their value increases by 5-7%, while they sell in April and cause the domestic gold price to fall by 3%. As such, I make 10% profit from gold every year

cury30

newbie

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Gold is not the best option. For several years, gold has always been classified as an unstable investment channel compared to other investment channels because gold prices fluctuate, even deep down, causing many people to buy or repay debt. The gold was badly damaged. while bank deposits are safer and more stable. At the moment, saving deposits are more profitable than unstable investment channels such as gold and securities.

primejia

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Quote from: curylebron on September 15, 2018, 05:43:27 AM

yes, gold is safer than money bank deposit. The best way is to hold a certain amount of gold at all times. One of the real benefits of gold is that you can own and store your own in a safe place because they are very compact. And in any event of a recession or financial collapse, they can be used as a commodity exchange.

Empirically, they are very safe in maintaining value stability and full accountability in personal assets, but there is a negative stigma that gold and silver are too dangerous if stored in large quantities in one house, the real insecurity comes from the fear of being robbed, and even too difficult to make large transactions with calculated weights.

amiramakam

newbie

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Gold is a gentle investment, although the interest is not large but stable and certain. The special point of gold is the high liquidity, the purchase of goods quickly. However, the abnormal increase of gold price with large amplitude is attractive to surfing investors but make many people keep gold feel panic. When deciding to invest in any field, investors need to have certain knowledge and knowledge about that field, so as the gold investment. In fact, there are many cases of newbie due to ignorance should suffer heavy losses.

curylebron

newbie

Activity: 29

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yes, gold is safer than money bank deposit. The best way is to hold a certain amount of gold at all times. One of the real benefits of gold is that you can own and store your own in a safe place because they are very compact. And in any event of a recession or financial collapse, they can be used as a commodity exchange.

KINGCHACHA1

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Instead of keeping your money in the bank which of less benefit to your financial upliftment it is more profitable to invest the money in silver and gold.

aleksnutis

member

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I believe that these who make deposits are especially lazy. There are many ways to put money into circulation and earn more than 6.5 and 9% per annum. Let's be honest, we still need to take into account the annual inflation in the region of 3-5%.

deus030518

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Activity: 224

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Quote from: munareal on September 14, 2018, 12:20:27 PM

I will rather deposit my funds in the banks they are safer. Keeping gold at home in too risky. One can easily be robed

I believe that every kind of assets are risky, for instance as you mentioned you can get robbed if you keep gold your silver in your home. On the other hand keeping your funds in banks are not an assurance too as they can get bankrupt, and the same goes into cryptocurrency as it has volatility. It is really dependent on the persons preference on where they would put their assets they just have to pick their poison.

munareal

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I will rather deposit my funds in the banks they are safer. Keeping gold at home in too risky. One can easily be robed

Gabali126

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Quote from: First77 on June 13, 2018, 01:19:32 AM

I think now fixed deposit interest rates are less than 5% p.a in USA and Europe. In India fixed deposit rates are 6.5%.

Gold and Silver gives average profit of 8% to 12% per year. Silver will most likely give 20% to 30% profit each year from here on to reach $60/ounce.

Example:

Profit for gold and silver for year 2016 is 12%.

Profit for gold and silver for year 2017 is 0%

Profit for gold and silver for year 2018 is 8%

Profit for gold and silver for year 2019 is 16%

So average profit for 4 years is +9%

How secured/safe are investments in gold and silver if you decide to remove/withdraw your money from banks fixed deposits and invest them in Gold and silver ??

I believe Gold and Silver are safer than bank deposits due to the possible high profits. Also, when the banks are in crisis, gold and silver are unaffected.

t3m4nc0k

full member

Activity: 616

Merit: 100

www.jacs.tech

it depends on the person who will invest the money and I don't think it's bad to invest in gold, but the profit is very little but it's the safest of the cryptocurrency that is far more risky

Ng93

full member

Activity: 266

Merit: 100

I don't see the point in shifting money from one asset to another. It's stupid and inappropriate. I believe gold and silver are not an asset for speculation but to save your money when the national currency falls.I also don't see the point in Bank deposits. It's utopia.

nydiacaskey01

legendary

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They are good investments especially Gold because there's always a ready market for it and the price does not depreciate. The growth of investment maybe slow but still its better and stable than other investments, however for emergency purposes, its better to still keep fiat readily available in cases where cash is the only option to pay.

kolbalish

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Crypto Article Sharer!!!

In my opinion, Gold and Silver ia safe from Bank Deposit. Because in many cases there is a possibility of losing money. Or profit is never more than ever. But in the case of Gold-Silver, the price is the same. When the price is high, it'll remain continuously some days. Then the price is low, it'll remain continuously some days. However, Gold and Silver are more guaranteed from bank deposits.

mhpg19960612

jr. member

Activity: 70

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That's right, Gold and Silver Investments are more profitable than Investing in Banks! Banks only give little interest, and our money will be cut off administration every month, while Gold is not, It is true that most of the books suffered losses when we sell gold 3-5% of the price of Gold at that time

GreenRydia

newbie

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Gold and silver have always been the basis of price and wealth, as we know that the use of gold and silver has been done for thousands of years ago so buying gold and silver is a good and profitable thing.

bonammeo

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Activity: 70

Merit: 4

The money we send in the bank is always revolving, it does not stay in place. Then make sure that money will come to the owner, or disappear. A series of bankruptcies, money lost. So I chose gold instead of sending the bank. It is both safe and high profit.

kobecury

newbie

Activity: 24

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If you find that inflation is too high, money goes down too quickly, so it's converted to assets like gold, land, and housing. No matter how much money you lose, your property is yours. But gold is hard to buy when prices are low, sell at high prices, like a stock investment.

nayeel

newbie

Activity: 112

Merit: 0

i think that,The main advantage of gold bars in front of bank deposits is their reliability. so I believe, that given the instability of the dollar and the euro, gold and silver remain the most reliable targets for investment. gold and silver will be safer than depositing money into banks. Gold and silver are commodities that will rise in price in the future. Sometimes banks may go bankrupt, but gold and silver will never lose its value.thanks

Cidpollendina

newbie

Activity: 19

Merit: 0

I think gold and silver are safe. Because gold and silver have become investments from a long time ago. And I think it's safe and the value will always rise even though slowly. gold and silver are popular investments and I think it's safe for the future.

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