Topic: Gold & Silver are safe than bank deposits ?? - page 2. (Read 19270 times)

Interest from the bank itself is also not so big, gold or silver are invested by people to avoid inflation and safeguard their property. not aiming for rich.
because gold and silver in terms of increase are also not large. so if we invest in bank deposits or gold, it is actually not so big, especially if our capital is not large.

Considering that the value of the national coin is directly related with the amount of gold available for that country, i would say the investments in precious metals is better than in bank deposits.

I guess it depends on the form you want to invest in.
A physical gold buried somewhere safe will probably be safer. But holding physical gold has lots of disadvantages.
 
 I honestly don't consider anything I have no control over as safe.  So I will just ignore the other option.

There are too many variables to give a proper answer to this question. I'd like to tell you that, at least in the UK, it is impossible to find any bank saving rate that is better than 3% at the moment. However, that is 3% guaranteed return each year and physical metals will not give you a yearly return - you simply have to sell them in order to realize your profits. It is a slippery slope if you are assuming that silver/gold will attain a certain value in the future, versus a guaranteed return on bank deposits.

In terms of possession... It's true that gold and silver are considered to be more safer than bank deposits. But both have its own pro and cons. Gold and silver are more likely to be looted whereas bank deposits are under gov.  Control.  I feel crypto is the sol.  To this prob.  So let's adopt BTC.

From bank we can get interest but from Gold and Silver we cant get interest so, I prefer bank rather than Gold and silver.

Banks only reset interest rate in order to control inflation in the country, so if there are too much money that circulating in the country then government ask banks to increase interest rate so people will save their money in banks. Gold and silver price actually tend to move inline with commodities price, I suggest you to invest in gold or silver in long term only because usually investors only can get profit from this type of investment within 2 years or more.

banks are always profitable because they benefit from borrowers' interest, from administrative fees and so on.
of course it would be more profitable to save money in gold, because the price is avoided from inflation, but does it guarantee that it is safe?

well, we have different views. I feel that the price of gold is always stable, so is silver. so far, I am thinking of a strategy so that my income can increase, so that I can buy gold and silver as an investment tool. the bank deposit is indeed quite good, however, many needs make me continue to take the deposit.

I think it depends on how you plan to use it in the future. Gold and silver are tangible assets that can be sold just like how it was used in the old day, except before, it can be just straight up be traded for other goods. What has been constant now and before is the fact that its value remained virtually where it was, and so, the gold you have then will still be as value, if not, more these days. However, money through bank deposits is a different animal. These days, banks use it to invest in other ventures, which is their vehicle to make your money work for them, but I think, with the changing technologies these days, the safety of money kept in banks has been greatly improved, which makes it virtually as safe as any other means of safeguarding your money.

They should be treated as two separate things. Fixed deposit accounts, insurance accounts, and other investment vehicles are a separate class from metals. We hope metals will go up in value, but they really shine as hedges against inflation, as highly liquid assets, and as speculative investments if the fiat system crashes (which many believe it will). Gold and silver, in your hands, can be your best option if things go south. The bank can't decide to keep it in a national emergency, a power outage can't stop you from getting to it, and in the case of a global fiat crash, their values could skyrocket. Even in a local disaster, you could use gold and silver for trading. And there are lots of places readily willing to trade cash for your gold or silver: pawn shops, jewelry shops, banks(?), etc.

Probably a good thing to invest in both gold and silver, as well as bank interest accounts and other financial instruments.  

As to safety, it depends on how you're storing them. It's good to have some on hand, and perhaps larger quantities in a trusted 3rd party vault.

A couple that I think are trustworthy include:
https://goldsilver.com/
https://noblegoldinvestments.com/

You can get your bullion there and store it if you wish.

Also, Mike Maloney, from goldsilver.com has some good videos on YouTube about the history of money and investing in gold and silver.

If you're storing some at home, it's good to have a vault and/or a good hiding space. Secret compartments, fake containers, under the floorboards, behind the wall, etc. (just make sure rats won't be taking off with small enough pieces). The King of Random on YouTube has some excellent older videos, like how to make a wall shelf with a magnetically opened/sealed secret drop-down compartment, and also turning a mayonnaise jar into a non-suspicious hidden compartment (essentially empty out and clean a mayonnaise jar, paint it white on the inside [maybe add something that looks like mold before you apply the white paint - my idea], then insert some foam lining, and presto! You could even create a false top in case someone wanted to open it [maybe make that look moldy and gross, lol]). He also shows how to make a false bottom drawer lining.

I saw another video where a guy took a spare closet and turned it into a secret room, concealed by a (supposedly) hanging mirror. He placed large safe in there before installing a bit of wall on the bottom of the door to better conceal it when the door was shut.

There are also companies that create hidden compartments for you, like false wall socket pads, etc. Books are a bit cliche, but they can still work. Just remember, it needs to be hidden in a place that no one will suspect, and a place that you will remember. Also, you need to be very careful with your purchases and bringing stuff into your home, etc. If someone knows that you've just stashed a bunch of metals in your house in a vault, they could try to get to it, even if it means threatening you and your family. So, other security measures may be appropriate. Home defense, cameras, emergency button(?). Not to go totally crazy, lol. But do be safe when storing metals at home.

A good thing to think is: if someone ransacked your place, what would they not turn over, pull out, look in, or take?

Have a good day,
The Cyberius team.

Obviously if you are purchasing your gold coins and bars from little known sellers, then there is always a risk of getting low quality product. That's why I always go for the most reputed sellers, such as APMEX, KitCo and Goldline.

Investing in gold and silver has a risk as any other investments. There were years when gold and silver had price up and down. There are also bubbles here like in 2011 silver, also there are lot of scams like adding volphram to gold because it's density is very similar.

Investing on gold and silver assure with safety rather than growth. Even with the name of gold and silver based investment there were more scams around. Once after gold and silver got the digital accessibility the way to scam has increased. In this way it is a must to analyze much better and invest on the right firm. As stated cryptocurrencies were much better in terms of growth and profitability than gold, silver or other metal based investments.

Investing in gold and silver is as safe as to invest in bitcoin.
Banks have create a vicious cycle that it is full of debt and one day the debt bubble is going to blow. I hope that when this happens the bank deposits won't be affected, otherwise our society will have some serious economic problems.

Yes somewhere it will be a true statement because investment and banks will not been developed anywhere the profitable person is only the banks not the investors so the investment on gold and silver will be better than the Bank investment.

In some countries gold is the main currency, it is more valuable and more acceptable than fiat. in arab countries for example.
to store of value then gold or others metals more safer, but for the own storage I think bank it's much safer

By depositing your money into bank you will make nothing even if they are giving returns due to inflation so definitely keeping gold or silver is better than money but the profit of gold and silver per year looks nothing infront of crypto currencies.Those profits can be reached in a day or to if you invest on cryptos be wise guys while you are making an investment in the future.

I agree. when compared to bitcoin, the difference is only in price stability. well, however, gold and silver are indeed the highest real investment tools, and many are pursued at this time. people only choose fiat, and banks because of the ease and the very small risk.

Yes, the above example clearly demonstrates that gold and silver in recent years bring profits almost twice as much as interest rates on dividends in banks. True, their final amounts largely depend on your country of residence.
However, cryptocurrency brings in the long run an incomparably more profit than gold with silver or bank dividends. Here you only need to properly distribute funds. In cryptocurrency, it makes sense to earn money, and in gold and banking dividends it is convenient to keep a portion of the profits from cryptocurrency.