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Topic: Gold & Silver are safe than bank deposits ?? - page 28. (Read 19247 times)

member
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A helicopter from the aircraft carrier USS Abraham Lincoln hovers over an Iranian patrol ship during a transit through the Strait of Hormuz

https://www.rt.com/business
member
Activity: 266
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U.S President Donald Trump talks about $500 billion tariffs on China and tariffs on Europe. Then China imposes $34 billion tariffs on U.S imports.

Could be some $1 Trillion of new tariffs on business and trade in world economy.

Iran talks about stopping supply route of oil through middle east after Donald Trump convinces China and India to stop buying crude oil from Iran. Crude oil could reach $140/barrel.

Looks like 2 to 5 years of high profits for Gold $2100/ounce and silver $80/ounce after major developments worldwide.
full member
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I prefer gold and silver to invest with my money rather than in banks because in banks their percentage in interest is low compared to investing in gold and silver because the price of gold now goes higher so you have a bigger profit investing here.
The weight will be the same but the value will not be the same. The benefit of gold is that you can use it in the time of financial problems. Is you need money and you have gold instead of cash you can sell it to overcome your financial problems. This is the big benefit of keeping gold. It is not business but it is the real money than you can use anywhere in the world.
newbie
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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.
sr. member
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investing in bank deposits is safer because there is insurance that guarantees if something happens to our assets in my country Indonesia is OJK (financial services authority) where all financial activities in my country are monitored and protected by the agency, its different thing if we buy gold or silver there is no institution that guarantees the security of our property
And are you naive enough to believe their words? Those guarantees do not mean anything, there have been studies and many countries do not have the necessary funds to cover even 10% of the deposits, what do you think it is going to happen when a big economic crisis happens? Banks are going to default on their obligations and governments are going to do the same.
full member
Activity: 386
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i think only gold, not include silver that give more return and safe if compare to bank deposits.
Gold is better than all other sources of money. Gold is actual money and all other are shapes of money. People buy gold no matter how much money they have even if they do not need it. Gold is a fashion and everybody wants to buy gold not only for making money but for general use in daily life. Governments took all our gold and gave us papers for use.
hero member
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Usually I tried to have some gold in my bank safe,  because I am a wise person and I consider all of the options that can take place. So even the cryptocurrencies market would fall, I will stay on top.
newbie
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because I am a woman so I prefer to deposit to gold and silver than to give money that I have in bank because in bank my money will surely be used for other purpose so make my money unsafe.
Gold and silver are commodities that will rise in price in the future, so I think this is very profitable
member
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In my country the situation there's some like similar but not the same,  so the gold in my area is constantly growing in the terms of price, I can sell gold as highly prospective Investments source.
newbie
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deposits in the bank more profitable, I think about why banks will definitely provide provit to customers while gold invest we should think about how to save it properly and safely of course
sr. member
Activity: 668
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If talk about big money, I think, safer invest and hold money in gold or silver, than holding money in banks, Of course, you can say, that bank provides stable % and some programs provide cash back for small deposits, if something will happen with the bank, but nothing for big deposits - so it's still risky
sr. member
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i think only gold, not include silver that give more return and safe if compare to bank deposits.
I don't think that they are more safe than bank deposits but I could say that gold are worth to invest rather than in silver and bank so if there would be chance I would have to choose them first and follow by cryptocurrency as my top list.
member
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i think only gold, not include silver that give more return and safe if compare to bank deposits.

After Silver price fell to $9/ounce under Obama's presidency, Silver going back to $50/ounce to $60/ounce will give 30% profit or more a year. last year gave +35% profit and it looks it will be the same every year from here on..
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i think only gold, not include silver that give more return and safe if compare to bank deposits.
sr. member
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Arianee:Smart-link Connecting Owners,Assets,Brands
We know how much banks earn every year. They becoming more and more developed. We know how much bank interest and how they earn. Gold or silver, in banks, they can see both, banks do not seggregate or compare them all, but they only focus on their bank interest and income/profits
newbie
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Gold and silver are a stable currency, it will always be in price, but bank deposits are not so safe.  Cash can be depreciated.

Gold and silver are precious metals and can also appreciate and depreciate in value. Bank deposits are definitely safe if they are FDIC insured and you have less than $250,000 in your account. However, it is always good to diversify your wealth in bank deposits, stocks/bonds, and precious metals. Out of all of those investments PMs are definitely the safest since they have a physical value to them that will always be attractive to people. I diversify my wealth to all those places and have recently began buying silver. This is the place I use, they offer me the smallest premiums out of all the dealers I have researched https://bullionexchanges.com/buy-silver
newbie
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It is better to keep your savings in different currencies and in different ways. In order not to lose everything in an unforeseen situation. For the same reason, you should not invest all your savings in one project.
It is necessary to constantly optimize your investment portfolio
newbie
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Gold and silver are a stable currency, it will always be in price, but bank deposits are not so safe.  Cash can be depreciated.
sr. member
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I believe that now it is necessary to invest in lithium, because this is the basic metal that is needed for the production of batteries, and in the near future they need a lot if they want to switch to the production of electric vehicles from 2020.

This is certainly not a bank metal, but even more promising
well, that's right, it's just that its use is more troublesome. I'm sure, people who have a lot of money have been trying to collect, or even have a lot of gold, and silver in their storage as an investment tool in the future.
legendary
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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 ??

This isn't based on anything but speculation. Where are these percentages even coming from, are you just making them up? You're using a future number as a given (2019) which cannot be known, but assuming it will be 16% in order to get a 4 year average. First, 2019 can't be known. Second, 4 years is an extremely shallow data field to be extrapolating from. Third, metals are volatile, they don't only go up in value. The risk of being down when you need the money invested in them is high over short periods of time. Metals investing is not for people with such a superficial understanding of economics and investing. Proceed at your own risk, but there's no investable thesis here. 
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