Gold & Silver are safe than bank deposits ?? - page 27.

South Park

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

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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 ??

It is better to have gold and silver, it has some disadvantages like the fact that you are the one that needs to store your coins, but this is the same issue we have with bitcoin, but the best aspect of them is that if there is a bank holiday in the future when the economy is in a crisis you will have your money with you and you will be able to take advantage of it while everyone else have their money frozen in their bank accounts.

bajigur894784

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Yes, I think so. Put the money on deposit actually is safe but the magnitude of interest does not provide many benefits for the long term. When in an emergency situation, withdraw deposits will make the penalties. While gold is beneficial to inflation castle and keeps the wealth. In addition, it is also liquid. Therefore, it can be said that gold has advantages, security, and risks are quite low than bank deposits.

Mastsetad

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Quote from: First77 on June 23, 2018, 12:10:29 AM

Quote from: Menawi12 on June 22, 2018, 05:33:20 AM

Gold and silver already know for hundred years ago as good investment. Its more resistance from inflation and the value always increasing. Deposit fiat on banks reducing value on our asset because central banks always creating inflation

Total gold mined and available worldwide is worth $30,000,000,000,000 to $50,000,000,000,000.

So it takes some $4,000,000,000,000 for Gold price to go up by +10%.

Biggest company "Apple Inc." listed on Stock market is worth $600,000,000,000.

It is right that gold and silver are safe than bank deposits because it is the real currency and those who have more money than their investment they buy gold. It is a tradition in my country to have gold no matter how much bank balance you have or how much are you earning from your business. Bank deposits are also good because bank is also a safe place for your money.

normanderecho

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For me gold and silver is safe more than bank because gold and silver is very safe to invest because we know every year gold and silver is growing up the price while the bank there's a possible the bank will bankrupt so that your money will loss.

jaysabi

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Quote from: Andrew S on July 02, 2018, 10:26:20 AM

Gold and silver are a stable currency, it will always be in price, but bank deposits are not so safe. Cash can be depreciated.

The risk of volatility in gold and silver prices is far, FAR higher than the risk of depreciation of bank deposits except over very long time periods like several decades. The shorter your time horizon, the higher the volatility risk. It is only over very long periods of time that gold and silver can be expected to show steady real values (as opposed to nominal values), because the daily fluctuations are smoothed out over long periods of time. Gold and silver fairly regularly suffer 10% or more losses in a month, and that level of loss is something you will never see in such a short time frame from a bank deposit. Bank deposits are far safer.

tambok

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Quote from: yoseph on July 11, 2018, 03:45:38 PM

Quote from: First77 on July 11, 2018, 03:09:11 PM

75% of South African gold mines are not profitable. Does this mean they risk closure ?? Digging for gold more and more deep under the earth is getting expensive and less profitable. All those talks of huge gold finds look false. Supply of gold could fall.

I see Gold at $2100/ounce.

The thing is the less gold that's being mined, the more the value of gold starts to go up. That means there will be less gold in the market and when something becomes scarce, Its value rises.

Bitcoin will continue to rise more in the future, but bitcoin or other cryptocurrency will give you more profit since almost all are just starting and are not protected by the government, so no once controls the price unless the demand or the users/investors.

yoseph

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Quote from: First77 on July 11, 2018, 03:09:11 PM

75% of South African gold mines are not profitable. Does this mean they risk closure ?? Digging for gold more and more deep under the earth is getting expensive and less profitable. All those talks of huge gold finds look false. Supply of gold could fall.

I see Gold at $2100/ounce.

The thing is the less gold that's being mined, the more the value of gold starts to go up. That means there will be less gold in the market and when something becomes scarce, Its value rises.

First77

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Quote from: Aveatrex on July 11, 2018, 03:15:39 PM

No profit no continuity.If it's true then supply of gold will probably fall as you mentioned.I wonder if the supply fall could the price get a decent pump in value.

Most of the world’s deepest and historically richest gold mines are clustered some 40 miles south-west of Johannesburg. The deeper they go, the more expensive and difficult the work of extracting the ore becomes. The council said the mines are old, deep, with falling grades and productivity, and rising costs. As a result the industry has lost 70,000 jobs over the past five years. The cost of extracting the gold may soon exceed its value, experts say.

South Africa’s 140-year-old gold industry – which was once the world’s largest – is now facing a major crisis. The country’s mineral council says 75 percent of gold mines are unprofitable or barely making money.The announcement comes as the sector enters wage talks with its employees. Around 200 employer and employee representatives are set to start the negotiations on Wednesday. The number of work stoppages in South Africa increased by eight percent over the past two years to 132.

https://www.rt.com/business

Aveatrex

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Quote from: First77 on July 11, 2018, 03:09:11 PM

75% of South African gold mines are not profitable. Does this mean they risk closure ?? Digging for gold more and more deep under the earth is getting expensive and less profitable. All those talks of huge gold finds look false. Supply of gold could fall.

I see Gold at $2100/ounce.

No profit no continuity.If it's true then supply of gold will probably fall as you mentioned.I wonder if the supply fall could the price get a decent pump in value.
Regarding banks,Those who tell that banks can collapse/bankrupt.But what if the bank belongs directly to the government (national banks I guess?) It's nearly impossible that it go bankrupt because they won't take risks like other banks can take to make more profit.

First77

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75% of South African gold mines are not profitable. Does this mean they risk closure ?? Digging for gold more and more deep under the earth is getting expensive and less profitable. All those talks of huge gold finds look false. Supply of gold could fall.

I see Gold at $2100/ounce.

mornabo

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Quote from: SixOfFive on July 09, 2018, 01:15:09 PM

Yes, I definitely agree with you on this. Gold is the oldest form of investment which has created trust among the common people. They act as a great store of value and act as a hedge against inflation. On the other hand banks are the biggest fraudsters. They charge fees for almost doing anything related to finance even if it means just holding on to it. And the amount of interest they offer on deposits is so less and for more years which will be eaten up by inflation.

Thats right, besides being trusted thousands of years ago, saving money in gold will keep you at a loss like inflation or something like that, other than that the profits you will get because the gold and silver rate keeps going up, so I agree with saving in gold it would be better

Rollkal

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Exactly, bank deposits may be lost if the bank collapses. But for gold and silver, holding them is the safest and most stable compared to other types of assets.

katrimans

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Quote from: metenjean on July 01, 2018, 08:31:11 AM

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

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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 ??

Its true that saving in gold and silver provide more profits than bank interest however its not because of the movement of the price but because of inflation that drive your currencies, gold hasn't recover from its peak in 2011 however compared to the average price in gold and now, its just the same and your investment didn't drop that much from the initial investment because inflation. Also, average profits should at least shows profits every year instead 0% profits or BEP in 2017, that doesn't show that gold / silver is a good investment.

Any type of investment is good. I think one should invest in the area, where the demand is high. The same case is here, according to my point of view a deposit is deposit, its types are none because if a bank can be robbed by someone, so as you can also be and if talked about a digital; wallet, then it can also be robbed, means hacked by someone, so there is always risk in investment, profit without risk is not possible.

Divere1996

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In my united states of america gold is insanely costly, so i'd as an alternative thoughts my bitcoins then i might purchase gold or silver, especially if somebody might recognize which you have it, they are able to actually come to your private home and steal.

SixOfFive

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Yes, I definitely agree with you on this. Gold is the oldest form of investment which has created trust among the common people. They act as a great store of value and act as a hedge against inflation. On the other hand banks are the biggest fraudsters. They charge fees for almost doing anything related to finance even if it means just holding on to it. And the amount of interest they offer on deposits is so less and for more years which will be eaten up by inflation.

martychubbs

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Investments in precious metals have always been considered long-term investments. But investing in gold is always a risk. The deposit brings a guaranteed income, and the purchase-sale of gold or silver may not justify its expectations. You can successfully earn, but you can get a negative income. Maybe it's not worth all the money to invest in buying gold, but to have your gold reserve will not be superfluous.

kinamotorami

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True, gold and silver are now very volatile and we are the ones who hold our assets. If you leave your assets in the bank and once the bank collapses you will lose all your capital. now available.

Renampun

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I currently have a deposit investment that is not too much but I'm more calm than having a gold investment like my friend, whatever it remains Bank deposits are the most secure from gold & silver.
many of the advantages of deposits that we can get, the first we can manage when to take his profits, and the second our funds are used by professional management.

First77

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Quote from: 2@abcdeeply on July 05, 2018, 11:05:31 PM

Yes, I agree with your opinion, gold is always safer, firstly because gold is the monetary measure of the world economy, and silver we can store at home, deposits Your bank gives money to someone else, so it will not be stable.

Gold, Silver, US Dollar have seen 100 years of trade and commerce and they have survived World War 2, economic crisis, many wars, 9/11 terrorist attacks, technology revolutions, economic boom.

satana_igor666

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Investing in gold and silver is the easiest way to get a small profit in a few years.

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