Gold & Silver are safe than bank deposits ?? - page 30.

deppil

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Quote from: ghost07 on June 28, 2018, 07:49:09 PM

Yes they are safe because it is materials and we can use it everyday. Compare to bank our money is safe but we cant hamdle it like gold and silver. And the price of gold and silver increase every time the dollar increase.

yeah you right gold and silver will be safer. besides gold and silver will not be inflation like fiat currency. so even if you keep it save
for tens of years though. the price will not fluctuate. and you have nothing to lose. it's in terms of profit in storing it

Bakemat

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

Note: If you like my topics/threads and posts give me "+merits". 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 ??

In my own opinion, we can say that gold and silver are safer but it was not profitable like cryptocurrency because it was hard to earn this assets since it was required to finish a lot of paper works before you will be able to invest.

ghost07

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Yes they are safe because it is materials and we can use it everyday. Compare to bank our money is safe but we cant hamdle it like gold and silver. And the price of gold and silver increase every time the dollar increase.

First77

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Quote from: markj113 on January 17, 2018, 12:15:04 PM

I sold all my crypto a few weeks back and put the lot into gold.Seems I made the right call.Hodl forever is bullshit, sometimes you need to take a step back and know when to take profit and stabilise your gains.

Norihiro

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APOLLOX Protocol

It may be...but that things are closely tied to banks, so there's no big difference between deposit and metal storage...

First77

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Quote from: Chupacabras on June 28, 2018, 03:27:22 PM

In my country gold is insanely expensive, so I would rather mind my bitcoins then I would buy gold or silver, especially if somebody would know that you have it, they can literally come to your house and steal.

Gold price is same worldwide because Gold is universal. See gold price in US Dollars. Today Gold is $1250/ounce

Chupacabras

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In my country gold is insanely expensive, so I would rather mind my bitcoins then I would buy gold or silver, especially if somebody would know that you have it, they can literally come to your house and steal.

Cokot

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until whenever gold will be the number one investment for now, because of very little risk and also a not-so-significant price reduction, I personally save gold for my second asset

cezariusss

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Not safer ofc, but with higher potential profit. It also depends on the amount of money you want to invest. If you have at least $1.5-2 mln, then there is an option to visit private bankers and asset management departments at banks. They will control your savings better plus they have much wider variety of instruments.

roccobull

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

Note: If you like my topics/threads and posts give me "+merits". 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 would say investments in gold and silver is relatively safe, of course you can't be too sure since markets are unpredictable but from my experience I have been profitable from investing in PMs. They are also more liquid than most people would say. I have had times where I bought some gold bullion, sold it in a week, and received my money a day after I sold it! Overall i'm a big advocate for investing in PMs, I do all my buying and selling at http://nycbullion.com/ they always offer me great prices and liquidate my PMs super quick!

First77

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Quote from: Howard1102 on June 26, 2018, 11:05:22 AM

of course. To me, gold and silver are extremely safe assets. But banks sometimes face a lot of risks if we send money to banks. I have seen some banks declare bankruptcy and they do not pay any money for everyone

Money deposits in banks of account holders are issured by central banks/government. That is the least they can do when banks are paying 5% to 6% interest p.a.

martychubbs

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For now as far as I know I can say that in my particular country and gold and silver Investments were worthy, because the price of gold and silver were continuously growing.

NewRanger

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Quote from: yusupjatigumilar on June 28, 2018, 03:41:02 AM

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

although it guaranted by financial service authority, it has limit too.but atleast we are safe while our asset guaranted especially from our goverment.i can't imagine if our bitcoin asset guaranted too.

gaurav82

newbie

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Everything has merits and demerits. Nothing is good or bad. Only your luck should good. In gold we need to store. Safe lockers available but they charge for it which increase the expense. This is not sure gold and silver always gives the growth. I saw the rate of silver is 80000 Indian rupee of one kilograms. which has down till 35000 Indian rupees. Now it trends about 40000. Some people get rich by Bitcoin in very short period. It's growth average much more than gold. But everything is not constant everytime. Always invest with holding power.

noictib

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One of the world's leading Bitcoin-powered casinos

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

Note: If you like my topics/threads and posts give me "+merits". 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 ??

For high profit we need a market where fluctuations are big , so here for us we have a work that consume much time but we need to give time for the more profit .
Here you gaves the profit % per year , that is increment of the price of gold and silver per year , so here it will be more better for us to discuss about the fluctuations that take place in the small interval of times in the year , If we can make buy sell of gold and silver Daily ( according to down and up of the market ) then we can make 20-30% profit , but surely here we should keep in our mind that lots of tax system are involved in the gold and silver buy sell , so surely it will be more better to move that fraction of amount of money in the cryptocurrency assets and their with big fluctuations you can make bulk profit , but experience also needed to implement .

yusupjatigumilar

full member

Activity: 644

Merit: 100

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

Biscutard

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Activity: 759

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A money is a money and an asset is different than money that's why it is safer for your gold and silver than your money because of the taxation they can easily take part of your money in the bank. While your assets is different they can't take some grams of your gold because they want to tax it while you were storing it.

Nosequired

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Yes definitely. As much as we would all like to think that bank deposits are the safest because of it being our core in the financial world, it's not. In a worst case scenario, if anything happens to our cash currencies in future, our gold and silver investments will never disintegrate and it will always be there. Gold, silver and property will always be the most stable investments for a while

JaxxBoll

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That is the thought of those who do not want to carry money to invest. I think investors who like to invest often want to send money to the bank to be ready to transfer money to invest. But buying gold is safe but there is not much money for us.

stellgod

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Quote from: Hatuferu on June 24, 2018, 03:54:18 AM

Quote from: pallang on June 24, 2018, 01:46:31 AM

Yes i agree with you i think investing with gold and silver is more profitable than putting your money on the bank because price of gold goes up every year so you can have a bigger profit compared to almost 2percent on savings account.

I also think having them both will somehow make you feel secured and safe.It's not a bad idea to put a fraction of your money into your trusted bank and others are for your own investments in crypto and in gold and silver too.They will give you good profits which will be more beneficial in the future.

It is actually the same strategy to divide your money in junks. Allocate every junk to some important source so that your ending month would be giving you a better result. Like some portion must be involved in bitcoin, the other one is in gold and silver, some must be retained for daily usage and for being proactive, there must be some amount allocated for emergency concerns.

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