Topic: Gold & Silver are safe than bank deposits ?? - page 16. (Read 19247 times)
Valuable metals, gold, silver, platinum, etc. have their final value, Only mining and resale. Creating them from nothing different "philosophical stones" of significant successes affecting the world's reserves did not bring. In the same way, all the fall in the value of the metals in the price in the world history were committed either artificially or intentionally. That in consequence only spurred the rise in prices for them. Therefore, investment in precious metals is the best way to enrich
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 ??
Where this projection for 2019 came from?.. Anyway, I think that it has to be much safer to invest in gold or silver(they are in your possession physically) but if you decide to place your funds in strong renowned bank, then there is no much difference. Only thing that is different is income of profit, by this data here it is slightly better to invest in these precious metals. 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 ??
At a certain point yes, they are safer. But you can be easily robbed if you invest in gold and silver in my opinion. Also world economical crisis may contribute to the golds price.
I think this is not true because we only have limited stocks of silver and gold and they are not secure.Unlike with financial institutions lije bank.Your money is secure and safe because there are bank staff who look manage it.
Gold and silver are good for investment because they provide greater profits than deposits in banks. The problem is that the security factor is safer for deposits, because the money in the bank is maintained in a system. While gold and silver can be lost / stolen because they are physically. For profit I prefer investing in gold or silver, but for safer and happier choose deposits. Just sleep and money becomes a lot.
Gold is preserve of wealth and store of value. After 100 years of industrial revolution, Gold has seen and survived many wars, economic crashes, 9/11 terrorist attacks, economic booms, technology revolutions and more..
Gold is hedge against inflation and protects people's wealth during wars, natural disasters [earthquakes etc..], economic crisis
Gold is hedge against inflation and protects people's wealth during wars, natural disasters [earthquakes etc..], economic crisis
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.
I dont agree that gold and silver are more safer than banks deposit because i also have some money on the banks and it is really safe and it is very secured but even it is safe to invest in banks, i will not invest all of my money in banks because i will not profitable if will do that. It's very hard to compare, the both them. Its like weighing a featherweight to a heavyweight. For sure, investing in gold and silver will really help you, a lot. When we say a lot, we really meant a lot. Gold and Silver's price really doesn't depend on the government or any agencies, it depends on its quality. While in banking, it rely on the protocol of their agency or their boss, if their protocol do not change, then they will not implement change, unlike in gold and silver.
I think that this idea has now become too much old, people now thinking about new system and ways of earning money. I think that in current mature people will refuse both the system and will surely give more preference to online trading and investment where they can find more opportunities of making money. For me i think gold or silver is more safe and i trust gold and silver more because i already feel the profit from investing in gold or silver and this kind investment already exist since old days, that's why this is more trustworthy.
They are buying gold and reducing US Dollar at the same time. They may see the future of US Dollar loses its value so they are trying to reduce the risk of having too much US Dollar.Then they also try to buy enough gold to back up their currency. This is all I heard.
That is for China
I also think 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
Well that depends on many other factors. Although gold and silver are valuable assets that can be converted or sold for money at any point in time, with a big assurance that it will yield good money, the problem there arises from the fact that it can be stolen since it's a physically held asset. If you want to have that as your insurance, then you should take into consideration having a good and safe storage system. On the contrary, when you put your money in a bank, it would be safer because they would provide the safety that you need plus guarantee it as well. Having said, it's always a good thing to be on the safe side.
On the international gold market, world gold prices fell to their lowest level in more than half a year, becoming cheaper, but according to gold companies, the trading volume on the market was rather bleak and investors were absent. In the first months of 2018, some commercial banks have a tendency to raise the deposit interest rate for 12-month term deposits in order to restructure long-term deposits. So I think the solution to bank deposit is still the safest.
If you are looking at them as part of investment which will give you returns over the investment then surely Gold and Silver are the best. Because you know very well that if you make savings in the banks then they will give you 4% of interest per year which is the lowest of any financial institute can give you. They also give you higher rates of interest for the fixed deposits and could be near to 8% but thats also not much. In the case of emergency you can break the FD but at the expense of 1-2% charge and thus everything becomes the worst. Better go for the Gold.
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 ??
Very well said. Fixed deposit gives us the return of 6%pa-8%pa in India. But we can enjoy higher returns by investing in precious metals such as gold and silver. Till today Old people(Our grand parents) prefer to invest in gold and silver rather than saving in banks. Investing in metal such as gold is highly safe and secure, and moreover it is totally in liquid form as any time we can convert our gold in cash. We get much higher returns in gold and silver investment as compared to FD's in Banks and other financial institutions. 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 ??
Right. In fact, the annual profit from investing in gold and silver is much greater than depositing it in a bank. And what interest me in investing in gold is that it is not controlled by the government and the bank as well as taxes.
True, gold and silver investments are two types of investments that will continue to benefit, there is no doubt that gold and silver are the most popular commodities, making it the safest investment compared to other types such as banks or others.
Gold and silver are commodities that can be accepted by all people around the world, gold and silver of course to be the best rather than having to deposit at the bank, when you deposit at the bank you will be taxed and when you deposit in the bank the money you deposit will be used for other purposes first.
in my opinion investing in gold and silver is more profitable than deposits. because the profits are more every year in gold and silver. in the security level, I think both types of investment are the same as the amateurs. if we have a deposit at a bank there will be an institution that guarantees our money if the bank goes bankrupt. but the loss of deposits is that the value of our money will decrease due to inflation eroded. whereas if gold and silver are not subject to inflation and their value every year is always increasing.
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.
Investing on gold and silver is safe but there is no doubt that our money is more safer with the banks. For me banks ia trusted and a lot of rich people is putting there money with banks so it will be 100% secured and safe but investing with gold and silver is more profitable.
The coalition strike group has around 70 delivery vehicles deployed to the Middle East, the ministry’s spokesperson Maria Zakharova told reporters at her news briefing on Thursday. The arsenal includes nearly 380 cruise missiles, and US Navy missile destroyers ‘Karni’ and ‘Ross’ deployed to the region, each carrying 28 Tomahawk cruise missiles.
https://www.rt.com/news
A cruise missile has 16 kilos Silver.
https://www.rt.com/news
A cruise missile has 16 kilos Silver.
I think this is not true because we only have limited stocks of silver and gold and they are not secure.Unlike with financial institutions lije bank.Your money is secure and safe because there are bank staff who look manage it.
I think yes. because we have limited amount of sliver and gold and unlimited amount of demand for sliver and gold. and i think fiat fixed deposit return is going to decrease in coming years.
All the gold mined till now worldwide will be 660 feet high x 150 feet wide x 60 feet across solid block of Gold or 660 feet high solid gold bar.
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