Gold & Silver are safe than bank deposits ?? - page 19.

Pan Troglodytes

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Quote from: sakokinak on August 18, 2018, 07:15:52 AM

Quote from: lehuong on August 14, 2018, 11:50:27 PM

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.

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.

satana_igor666

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Precious metals will always be in price as if the economy has not changed. It will always be profitable to invest in gold.

First77

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Quote from: alpcaba45 on August 21, 2018, 12:11:58 PM

gold is the only mine to not lose value on the world. banks always work to maximize their own earnings. they do not care about customers. I always trust gold more.

The Central Bank of Russia bought 26.1 tons of gold in July, bringing its holdings to 2,170 tons, according to International Monetary Fund data compiled by Bloomberg. It’s the largest single monthly purchase since late 2017. The stockpile was valued at $77.4 billion at the end of last month, according to the Russian central bank’s website. At current prices, the reserves are worth around $83.6 billion.

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alpcaba45

newbie

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gold is the only mine to not lose value on the world. banks always work to maximize their own earnings. they do not care about customers. I always trust gold more.

RasicaOla12

newbie

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Just as we have our own secrets as well as we know how to store them and how to protect them, they will be safe for us whenever and wherever you are, so you can invest in gold or silver. silver or cryptocurrency market

markj113

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Ask the people of Venezuela, Zimbabwe and Cyprus after their banking haircut which is better - fiat in a bank or physical gold held.

Don't get distracted by short term price noise.

Laws are now in place that when you deposit cash in a bank you are classed as an unsecured investor, the money is technically no longer yours. Enjoy the next round of bail ins that will no doubt occur sooner or later.

Sama517

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If I am to chose between fixed bank deposit and gold & silver investment, I will chose the later. The gold and silver to me are safer.

Fitrilalala

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The Exchange for EOS Community

I do think deposits is better, you got annual money that you can use and i think investing in gold is not good thing cause low revenue and not even good for long term, i would choose real estate instead than gold.

First77

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Quote from: Boris_sahnevich on August 20, 2018, 03:54:57 AM

Gold and silver are more reliable and guaranteed means for investment. Bank deposits are more risky, because the bank can go bankrupt.

Paper gold not so shiny anymore: Prices hit 19-month low as speculators ‘give up hope’

The price for gold – which has traditionally served as a haven asset for investors – has fallen by nine percent so far this year. Holders of gold futures contracts, not the physical metal, are shorting their positions. Last week, the price for the yellow metal fell to its lowest level since January 2017. On Tuesday, it was trading at $1,194 a troy ounce. Global demand for gold futures in the first half of the year was at its lowest since 2009. Experts say the US dollar’s unexpected strength is one of the reasons why gold became less appealing to investors. They warn that pain in the gold market could intensify.

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Boris_sahnevich

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Gold and silver are more reliable and guaranteed means for investment. Bank deposits are more risky, because the bank can go bankrupt.

ufalo3

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Quote from: mkhadazz on August 15, 2018, 12:10:56 AM

yes you are 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.

Gold and silver can be saved for ages - these metal will only grow in price. The time does not affect their value negatively. Banks can vanish, and in a way, you risk when you store your money there.

sakokinak

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Quote from: lehuong on August 14, 2018, 11:50:27 PM

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.

lionheart78

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Quote from: buidinh1803 on June 13, 2018, 01:34:01 AM

Yes, while many people assume their assets are protected, there have been historical instances where governments have seized citizen property stored in banks.

Agree. Just like in India I’ve heard not long ago that citizens are being limited in possessing gold and those who are found out to be with much will be confiscated by the government. I dont know how true it is but an Indian friend of mind told me. Besides, not every year gold and silver have the same demands. Still goes with the trend. I can still remember there was a period of time when people where not attracted to silver and silver was not in fashion so demands was low also.

First77

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The raging diplomatic row between Ankara and Washington has put immense pressure on the Turkish lira and as a result, gold futures trading has nearly doubled in the country as investors scramble for traditional safe havens.

Gold futures volumes have soared on Turkey's stock exchange as the recent plunge in the volatile national currency attracts speculation and boosts the local price of the precious metal. The 90-day average daily volume reportedly doubled to 40,000 contracts, from about 17,000 in March. At the same time, the price for an ounce of gold in Turkish lira surged by more than 50 percent.

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Aksiyon1

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Quote

Gold & Silver are safe than bank deposits ??

It is always so. Gold/silver investing is always the best stable investments. No matter how secure the bank is, they can still go bankrupt. The money you send can be lost. Bank deposits also have its own risk. About gold and silver, as you know, since the last hundred years, they has always been a precious commodity, and it'll always be.

Burogh

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COVIR.IO

Gold and silver is an investment and its very different with money we use for deposit in the banks. As an investment, gold and silver more profitable because its store of value and its an investment. But gold and silver not practice if used for payment

adamantasaurus

sr. member

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Well If I wanted to store my money for long term and not really use it for anything then I would chose gold over fiat anyday. Gold will always hold it's value fiat is essentially fake money and can collapse at any moment look at venezuela for example. But I think the best store of value would be in something that you would get some sort of a use case out of like land or a business that will generate more money or will help you survive.

Pan Troglodytes

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Quote from: Kenneth_Bianchi on August 10, 2018, 04:38:13 PM

Quote from: Pan Troglodytes on August 01, 2018, 04:50:26 AM

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

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 ??

Well, you quote figures for last 4 years, but for last hundreds of years gold and silver has been the most secure way to preserve your capital in times of crisis. Thus, I would say, your investments are 100% secure (given, they don't get stolen or robbed).

Wait, how can we use the last hundreds of years as a comparison when only recently a new form of currency had been introduced that is fully digital and relies only on a combination of numbers and letters to exist? The historical viewpoint is only valid until history takes a major step forward, namely a revolution.

Bitcoin is a part of the internet revolution which makes it unique from gold and silver. These assets existed in physical form as objects of comfort for ordinary folk when they felt that the value of their money was decreasing, but now there are more options to serve that purpose.

Man, the resolution reads "Gold & Silver are safe than bank deposits ??", so what does bitcoin have to do with either of them? Did you actually read the OP?

ShineftChaos

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I LOVE ADABS

Quote from: Ngewex Yuk on August 15, 2018, 12:38:14 AM

Gold and silver are commodities that can be accepted by all people around the world, it is natural to invest gold and silver safer than bank deposits, and I always make gold and silver a long-term investment.

Gold and silver is just an option but cryptocurrency is the best asset you can have today because the market price is increasing rapidly.

Ngewex Yuk

sr. member

Activity: 1190

Merit: 250

Gold and silver are commodities that can be accepted by all people around the world, it is natural to invest gold and silver safer than bank deposits, and I always make gold and silver a long-term investment.

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