Topic: Gold & Silver are safe than bank deposits ?? - page 18. (Read 19270 times)
I prefer proven gold than deposits. They are certainly also safe, but only if the bank is stable and has a license.
How can you advise anyone to change their money to gold, where exactly are they going to store it, in their house or bury it? Makes no sense to me, cause keeping bars of gold in your house is not safe than saving your money in bank. If you think it is safe then you can go ahead and do that. And by the way, what of when you want to use the money, who do you think will be ready to buy gold from you? I don’t even need to explain much to you.
I am with top gold and silver dealers and they have overseas storage vaults in 5 countries for gold bars.
Have a look at this. It is something similar
yeah we know about safe haven investments such as Gold and JPY but it's not a guarantee
Have a Big Gap if we compare with saving money in bank because it is a different instruments.
Have a Big Gap if we compare with saving money in bank because it is a different instruments.
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 ??
That’s a lie, I don’t believe that, banks are much safe than storing your money with golds and silver. How can you advise anyone to change their money to gold, where exactly are they going to store it, in their house or bury it? Makes no sense to me, cause keeping bars of gold in your house is not safe than saving your money in bank. 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 ??
If you think it is safe then you can go ahead and do that. And by the way, what of when you want to use the money, who do you think will be ready to buy gold from you? I don’t even need to explain much to you.
As we know investment in gold or silver will be very huge and it require security also because there is threat of theft because of its physical in nature. I think money in the bank is safer than gold or silver because banks comes under Regulation and it is bank responsibility to store your funds with full proof security.
They invest your huge money in form of cash or silver or gold, and get amazing profits. But they give you so little percentage.
this is a good investment idea.But you look at the profitability of the cryptocurrency.Clearly, the figure goes beyond the mark of 9%.So You decide where to invest.
I believe that precious metals will always have good prices. Also, looking at the statistics we can say that the interest in them only grows and it's more stable than national currencies (unfortunately).
Investing in Gold and Silver may somehow be safer than bank deposits. Maybe in terms of price appreciation.
precisely bank deposits are safer compared to gold and silver, because at least when we deposit at a bank there is a legal umbrella that protects our funds from various forms of crime such as theft and reimbursement if the bank experiences a disaster, different if we buy gold and silver and store it alone of course all forms of risk are also borne by themselves
Millions of people continue to hold wealth in the form of gold. People are ready to safeguard their gold and take responsibility if it does get stolen. It is better to be in charge of your own destiny rather than leave it to banks. It is the same reason why people hold cryptocurrencies
Naturally, real assets such as gold and silver are safe to save their capital than bank deposits. Whether this or that bank will work tomorrow and will not become bankrupt is a question, but physical gold and silver will be real and have their own, it's 100%.
yes of course they are safer than having to make a deposit at the bank because if you deposit in the bank the money you have cannot be controlled differently when you buy gold or silver then you can control, secure and store your own assets.
right I agree with you gold and silver are safer and provide greater profits than deposits. the longer the money is saved the more the value decreases due to inflation. and fiat money is influenced by the instability of the dollar. so saving money in gold and silver is more profitable and safe.
I do not think so gold or bitcoin has its own points we should accept when buying it and many soon notice the potential of bitcoin in the future should have bought bitcoin stock
As for me, gold is good for investments while silver is not. bank deposits are risky a bit. That is why my choice is the cryptocurrency. I prefer to buy Bitcoins and hold the crypto.
My personal list of assets is the following, and I suggest to diversify:
1. gold - for preserving capital, extremely low risk
2. silver - more volatile than gold, for preserving capital, low risk
3. crypto - possibility of huge profits, high risk
4. bank deposit - guarantee of slow erosion of funds, medium risk
I do not think so gold or bitcoin has its own points we should accept when buying it and many soon notice the potential of bitcoin in the future should have bought bitcoin stock
As for me, gold is good for investments while silver is not. bank deposits are risky a bit. That is why my choice is the cryptocurrency. I prefer to buy Bitcoins and hold the crypto.
Bank deposits, though reliable, but they bring a small profit. After them, in my opinion, the most reliable and more profitable is gold.
Gold and silver definitely can not bring much profit by saving banks. In my country the interest rate is 7.5%, the investment gold is profitable or not depends on the time you sell. It's like investing bitcoin
Banks have to increase interest rates to 12% p.a. HSBC has $2,000,000,000,000 assets. Banks earn huge profits from people's money/deposits. Their managers are paid $20,000 to $40,000/month salary but people get 7% p.a interest rate
Otherwise people's money is going to Gold and Silver.
precisely bank deposits are safer compared to gold and silver, because at least when we deposit at a bank there is a legal umbrella that protects our funds from various forms of crime such as theft and reimbursement if the bank experiences a disaster, different if we buy gold and silver and store it alone of course all forms of risk are also borne by themselves
at least they are guaranteed commodity assets even though with the right level of stability, bank deposits are the same as crypto, all of which depend on market fluctuations and tend to be policies that are too profitable for certain parties, at least gold and silver have legal ownership that can be legally accountable.
So you are saying that bank deposits are risky and that is why you choose crypto. That would suggest that you think crypto is not risky. Actually it is hard to find a more risky asset, so you should rethink your strategy, your assumptions are all wrong.
Crypto is extremely risky.
Banks are not the safe haven they are made out to be.
- Check the recent bail in laws introduced.
- Cash deposit + withdrawl limits in place.
- Recent history demonstrates bank holiday with imposed balance hair cuts (cyprus)
- A move to cashless makes things worse elminating bank runs/ no escaping NIRP + ZIRP (loss in buying power through inflation)
- Banks requiring state bail outs (others currently on the brink like Deustche Bank)
- In the UK £85k bank deposit is allegedly protected. In reality if this situtation was to occur multiple banks would be insolvent and there would not be enough funds held to reimburse all protected deposited sums.
Jump to: