Gold & Silver are safe than bank deposits ?? - page 32.

First77

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Quote from: yahamidu on June 25, 2018, 11:19:30 AM

Yes It's true. I prefer to deposit to gold and silver instead of giving the money I have in the bank because in the bank my money will definitely be used for other purposes thus making my money unsafe. Usually my money in the bank is used for emergency needs.

Central banks buy 100 tonnes to 400 tonnes gold every year.

yahamidu

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Quote from: First77 on June 13, 2018, 12:19:32 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 ??

Yes It's true. I prefer to deposit to gold and silver instead of giving the money I have in the bank because in the bank my money will definitely be used for other purposes thus making my money unsafe. Usually my money in the bank is used for emergency needs.

Xardasim

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You might be right. But, if you want to make money without risk, choose the banks, because the money you put in the bank is insured and you can get it back if there is any misfortune. In the future, maybe gold will not be as valuable as it is now.

abruchifid

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Yes they are better store of value than the bank fiats because inflation will destroy the value of fiats over time. Our government keep printing notes

Gheka

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Quote from: suzanne5223 on June 25, 2018, 04:51:30 AM

I will go for Gold not bank or silver because gold is more secure. However, I have seen a Nevada millionaire which died and $200 was found in his account while gold worth millions $ was found hidden inside home and garage. This shows that gold is more secure/safe than bank deposit.

I do not think so, I still feel the bank will bring more safety because property like gold is very easy to attract attention from others, especially when you own a lot of gold, if you are not careful and reveal where you store gold, bandits will visit you, you will easily lose all gold, you will even be in danger and be killed. While banks will have a protection team for your money and they ensure compensation for losses when your money is lost, you can have fun every day without any worries, but remember, always choose a reputable bank, they will provide the best and safest service for you

First77

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Quote from: kinamotorami on June 24, 2018, 06:12:44 AM

Well, if compared, then gold is quite safe, can put them into the safest assets, then to the bank deposit is safe money ranked people. Investing in Crypto is a risky investment. That is my opinion.

Those people who purchased Bitcoin at $12,000 or $15,000 when will they get profits ?? Now Bitcoin is $5800 and most likely it is going to $1500

suzanne5223

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I will go for Gold not bank or silver because gold is more secure. However, I have seen a Nevada millionaire which died and $200 was found in his account while gold worth millions $ was found hidden inside home and garage. This shows that gold is more secure/safe than bank deposit.

MedicineVNT

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There are a number of people who prefer to store more gold than to send a bank with some people, preferring to send a bank because they are afraid to lose money or gold while keeping it in the house.

senne

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I will not point towards silver but for Gold, definitely yes. As with banks there is probability of some error or corruption but you can trade gold anywhere in the world. Gold has played a key role in the past for trading and even today with the slight news of war anywhere in the world Gold prices shoot up as at that time it will be the only commodity which will have some market value and can be traded with world bank to acquire cash for running various things in the country.

Pab

legendary

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Price of gold will fail until the end of year.FED told that inflation is already on 2.8%
so it is time to rise rates Fed wants to raise rates to 3% until the end of 2019
Dollar up gold down
But i don't see banks trustworthy.What you will do with physical silver or gold
you will keep in your house also not so much safe

Cult

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I have more trust for gold and silver. Sometimes inflation is higher than it's officially stated so despite bank interest rates you can lose money, while gold value is not affected much.

apolonio

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For me both of them is safe.You can save your money on both of them. Because you cant save all your money in gold and silver, you need some cash on hand incase of emergency. So 50% on both deposit in the bank and through gold/silver.

tuturutmunding

newbie

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if viewed in terms of security may be safer to invest in the bank because it is general and of course meet the standards of investment banking. but when viewed in terms of gold and silver investment advantages are more promising because you will not be charged taxation fee. but the risk of robbery and theft

Netnox

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Depends on where you are living. If you are living in some third world country, then there is always a risk of some thief robbing your bullion coins and bars. Also, there is a risk of the government seizing your bullion hoard.

kinamotorami

newbie

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Well, if compared, then gold is quite safe, can put them into the safest assets, then to the bank deposit is safe money ranked people. Investing in Crypto is a risky investment. That is my opinion.

redsap

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Harmony for One and All

yeah agree gold and silver have a stable profit to investing in the long term, so it can be helpful and low risk if want to invest in the long term investment

Baronggot

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It may be one of the investment that's not risky at all because we all know that gold, silver and other precious elements on earth has a very stable value but may eventually rise too. As to bank deposits, though we know our cash is secured but we can't tell whether or not this bank will go on a bankruptcy.

Chetan04

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Quote from: taiwww on June 24, 2018, 03:59:38 AM

Thats the average of 4 years for the piece of metal. Man in crypto we have more than 500% in profits if considered for 4 years profits. It is lot more profitable than anything.

Even BANK, GOLD bonds are very weak in front of the whole thing like that. If we are here then we should really focus on benefits of crypto currencies because there is really one and many to consider for our future. I think no matter what happens with the gold and silver but crypto currencies will always be ahead of them in profiting us.

Banks, always sucks.

Not every person in crypto has made profits. For every person in profit, there is someone in loss. So this logic fails here while if everyone buys golds or keeps their money in bank, they all get same return.

Comparing bank deposits and gold/silver, I think investment in Gold/silver wins as they give more return than fiat in banks.

taiwww

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Thats the average of 4 years for the piece of metal. Man in crypto we have more than 500% in profits if considered for 4 years profits. It is lot more profitable than anything.

Even BANK, GOLD bonds are very weak in front of the whole thing like that. If we are here then we should really focus on benefits of crypto currencies because there is really one and many to consider for our future. I think no matter what happens with the gold and silver but crypto currencies will always be ahead of them in profiting us.

Banks, always sucks.

susuberuang

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if you say the most secure for long-term investments then gold and silver is more suitable and safer than deposit to the bank, because with a deposit in your bank has a very high risk because the bank can collapse.

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