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Topic: Gold & Silver are safe than bank deposits ?? - page 21. (Read 19247 times)

member
Activity: 294
Merit: 10
I've heard that silver and gold are losing their value because of the rise of the cryptocurrencies so probably in a few years from now it would not me anymore and good decision to invest in them.
The devaluation of gold and silver does not depend on the electronic money market. In my opinion, gold and silver depreciated due to the rise in usdt prices, oil prices rise or fall. The money market is too small to manipulate the gold and silver markets
member
Activity: 252
Merit: 10
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 ??
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
jr. member
Activity: 151
Merit: 2
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 ??
Gold and Silver might be more safe than bank but if you decide to store your money with Gold and Silver you will have a problem with making use of it, cause you can’t make use of it in buying and selling so you will still need to convert it to fiat to be able to make use of it. The best thing in my own opinion is to convert your currency to a bigger currency like dollar or euro and then save it, that will be much better to use at anytime when you need it.
member
Activity: 266
Merit: 32
Yesterday Turkish Lira [currency] fell -45%
legendary
Activity: 1218
Merit: 1000
Yes that seems to be true.But more people feel that depositing in banks would be safer and that they could get some profit as interest.But its far away from reality.Gold remains to be much better investment and also could give higher profit percentage than banks.
Well, seeing the developments that occur at this time, I also feel that gold and silver are very good at being used as investment tools. well, since long ago this has also been developed. even before money was made, gold and silver had been made as a medium of exchange and investment.
member
Activity: 192
Merit: 10
I would think gold and silver stored and protected by yourself is the safest bet.  Hell the government is stealing from your dollar stash each day with inflation.  So gold and silver are safer just by their nature. 
hero member
Activity: 1360
Merit: 506
Yes that seems to be true.But more people feel that depositing in banks would be safer and that they could get some profit as interest.But its far away from reality.Gold remains to be much better investment and also could give higher profit percentage than banks.
newbie
Activity: 20
Merit: 1

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.
member
Activity: 392
Merit: 39

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).
newbie
Activity: 20
Merit: 1
Note: See on the right side of each post (top right corner) there is "+Merits"

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 ??

Gold's value cannot be contained. I think it has a higher value than it is priced at right now, and will only continue to rise. It went on a huge bull run a few years ago and is still recovering from it (similar to how bitcoin might behave--but there are other features of bitcoin that add to its intrinsic value).

I usually balance between a few of them. Keep some in fixed deposits, others in gold, others in bitcoin. Sell the gold when it gets high and put it in bitcoin. Sell the bitcoin when it gets high and put it in gold.

The only issue with gold is storage. You can get a safety deposit box at your bank, or just buy a safe and bolt it to the floor in your home.
jr. member
Activity: 30
Merit: 2
In the international gold market, the world gold price also fell to the lowest level in several weeks to around 1,224 per ounce. SJC gold has fallen to its lowest level in more than half a year, becoming less expensive, but according to gold companies, the market volume is quite bleak, and investors are absent. Investing in gold at the time is not a good idea. Should save bank to get monthly interest.
hero member
Activity: 2674
Merit: 585
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Note: See on the right side of each post (top right corner) there is "+Merits"

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 ??
Tell. Me how is gold and silver safe in any way? Gold and silver are mineral resource and if you buy them you’re going to be carrying around raw gold and silver and nobody accepts that, lol. Unless maybe you will be making use of an online gold storage like Bitgold, but man it makes no sense, cause bank is still the safest way for saving your money and is very much reliable than making use of gold. Silver and gold is an old system.
member
Activity: 350
Merit: 10
Note: See on the right side of each post (top right corner) there is "+Merits"

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 think gold or silver is safer if you are a careful person and have specific plans to manage your assets. For bank deposits, you will have to trust that others will keep their money safe. However, I favor the gold, silver because it always holds the value of the property.
member
Activity: 280
Merit: 10
Of course, gold is a precious metal that can be stored and carried away. Money can be stored in his hand, but it will be worn out over time that failure. However, gold storage is important because it is next to the user. And bank deposits are not necessarily safe because it may bankrupt or organize a group of attack is lost, then there is no property for ourselves. Roll Eyes
newbie
Activity: 35
Merit: 0
That's right, depositing money saves money, maybe in a certain time, if the bank goes bankrupt, they will not be able to pay back the money you deposited. With gold and silver, you can invest long-term into it without fear of losing value
member
Activity: 406
Merit: 11
We take the example of silver prices in March 2013 was recorded at US$ 28.32 per ounce, and fell to US$ 16.14 in December 2014. In December 2015 touched US$ 14.37. However, in 2016 silver prices began to rise, US$ 20.34 in July 2016 but in December 2016 the price returned to US$ 15.98. In April 2017 silver prices moved fluctuating with the upward trend at US$ 18.51 and by the end of 2017, silver price had weakened to the position of US$ 17.14 per ounce.
Viewed from the history, investing into silver can be considered less safe because it has a tendency to fall..
hero member
Activity: 700
Merit: 500
for me, gold is not an investment, it just an instrument that can minimize "diminishing point" from your money/assets. generally, it can keep the value of your money/assets. 1 gram of gold in the past and 1 gram of gold at this time, has the same value if you trade it with some goods.
Bank deposits are also safe but are not profitable than gold and silver. Bank will never let you earn money. They will use your money for their benefit and not for you. Gold and silver will give you good profit in the future. Many people who have extra money than their daily needs invest in gold because gold is also used in daily life. That’s why people buy gold.
member
Activity: 266
Merit: 32
It doesn't mean that if the big countries are buying gold then it is a sign that gold is a good investment. Not all of the investing process should not be based on the other people or country, you should do research by your own to see the best options for investing and those things that is valid based on your standards.

Those big countries know something. They make laws and taxation rules etc....
member
Activity: 182
Merit: 10
I've heard that silver and gold are losing their value because of the rise of the cryptocurrencies so probably in a few years from now it would not me anymore and good decision to invest in them.
full member
Activity: 434
Merit: 100
silver and gold are the safest investement ever because of many reason the first one is the supply the second one is the high demand ... etc

Gold and silver is the oldest and strongest investment ever, it is proven and tested in the many years, until now. The price is very high in our market, it is the safetiest investment ever.

You have to invest really very much in these metals to get good profits. I suppose, in some cases, banks deposits are much better. I also invest in the crypto.
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