Gold & Silver are safe than bank deposits ?? - page 37.

weblouartisan

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Lets Go Adab

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

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 ??

Investing a gold or silver is not easy because there are a lot of paper works to be done, let say that it is really profitable but it was not that simple to sell it in the market because there are legalities, i prefer that you should invest on cryptocurrnecy because it was easier this way.

miyaka26

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Banks are still functional and beneficial at some point with the exception of the corrupt ones, Depends on the bank's Interest rates, Insurance policy and other benefits, Gold, Silver and other precious metals are good with long-term gains that can bring more profit than bank deposits, It also depends on your preferred and planned lengths of Investments.

markj113

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crypto is for pocket money, gold/silver are for retirement money.

maarx

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cloverdex.io

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

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 have been best assets to save for future. This is kept for profits as well. As you said above, the profit percentage investing in gold and silver is higher than saving the currency as FD and RD. Crypto currencies have been looked at as a great investment now a days then investing in gold and silver. I would choose bitcoin and other altcoins to invest rather than gold and silver.

@prashant

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In India ,people buy gold and silver many time in a year as we have a plenty of festival so buying gold is also taken as good omen in some festival.also gold are brought to wear as ornaments for women ,so there is major investment in gold in our country.gold and silver is better at ROI while comparing to bank deposit but it is still risky to hold them.but people should invest their saving 50-50 to bank and gold in my opinion and keep gold in bank lockers.

TheAndy500

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That depends cause banks cannot change rules of your located money every way they want to do, they need to focus on percentage that they had offered you and if you invest in gold or silver that depends on price that it has in future.

justspare

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Obviously when it comes to store of value, we all know fiat is the last place you want to be keeping your funds at all as we all know how that has been over the years in the case of fiat itself losing so much value. Gold and silver have always been the best store of value over the years and pretty secured when it at least comes to not having to sweat in your pants wondering what is happening to your asset.

Banks should be the last place you want to be storing your cash for a long time and it is either you are investing it in other stuff, or at least invest in gold. I guess wise people have forgot gold and silver to get good returns as they are all must be engaging with cryptos.

shayshaylaboogie

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this is true, but it depends a lot and to be honest, where are you keeping your gold? it is not safe to have it on your house because you can get them stolen, and that is not sometihng that happens with banks

sana54210

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Quote from: biboy on June 13, 2018, 04:09:24 PM

Quote from: bellicose on June 13, 2018, 03:56:44 PM

In my opinion the long-term benefit in this direction of investments is obvious. It is clear and to the child that the reserve of these precious metals daily decreases, this deficiency also will attract speculative interest in the future.

That is right, gold and silver are more profitable compare to bank deposits which will just give you a small amount of profit, so I don't think we should go trough investing in bank if we want to earn and maximize our money, aside from that consider investing in crypto too.

When it comes to that of keeping your money safe, it is none other than that of the trust which can help you in making the right decision and that if you trust investing your money into gold and silver more than that of the banks in your country, then you can do that.

I think of banks to be much secure than that of the investing in gold and that you need to look for the option in which chances of loss of money are lesser.

crpytonation

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Do you know the fact that any country's Fiat currency is directly related to amount of GOLD deposits that the central Banks have with them ?
So basically if a country is priniting $X worth paper money ,it is backed by $X worth Gold.So buying Gold is always better than bank deposits

ashkanm

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in my opinion it would be more profitable to make gold or silver as an investment. because its exchange rate has never decreased.In the bank my money will definitely be used for other purposes so it makes my money unsafe.However you should consider that storing the gold and silver in your house may require you to hold a vault and also involves risk of getting your funds stolen by breaking your house.

redsap

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Harmony for One and All

well if it compared with bank deposits i think still safer to investing in gold rather than banks, the income are very comfortable with low risk of value drop if people are still needed it this stuff

timerland

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Depends on the length of your investment.

Gold and silver are obviously independent assets that are considered to be a store of value in the long run, which is exactly what fiat currency isn't. For that exact reason, I think that it's safe to say in the long term, you'd probably rather have silver & gold in your portfolio, than bank deposits or pieces of fiat currency that will only depreciate over time.

However, they are volatile in the short term. Unlike a bank deposit, you're not guaranteed to have those returns. In a metals bear market they can definitely underperform drastically.

On top of gold and silver in the long run, I'd also buy some bitcoin for a long term portfolio, as it performs a similar role to precious metals, except more convenient.

First77

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Quote from: BrewMaster on June 14, 2018, 12:42:15 PM

why would anyone in their right minds would want to trust a third party with their valuables while they can store it themselves?
and based on your post history anything you say, i take with a grain of salt!

Get out of my threads/topics and never post again where I am

Lostchickens102

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Gold and silver are two things that people would always buy due to stability of their prices aside from their uses to mak . Most of the time, gold and silver prices go up rather than go down just like as what you have presented. Also gold and silver are commonly used inside gadget motherboards which in this case would create a continuous market demands

bocyaj

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I don't know why the people think about the gold and silver.The diamond profit asset bitcoin is their.You will get diamond profit with the bitcoin.Eventhough bitcoin price is fall often,it will increase to maximum price in a couple of days.I had come across many time,bitcoin price increase 500$ in a single day.

bitcad4u

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

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 ??

If you compare bitcoin with gold and silver,I will suggest you the bitcoin.If you compare the Gold and Silver with bank deposit.Gold and Silver will be the best one.All the people will choose the most profitable asset.Compare to bank deposit,Gold and Silver had good potential to give some profit.

mahilchii

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Yep. That is true and safe as well. Gold and Silver is always considered precious of all times. When you take History, the kings and queens were exchanging Gold and Silver coins as exchange for their transactions and when paper currency or money invented then everyone migrated to that. But still Gold and Silver are better than bank deposit.

yslyv

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If you have a really safe place to store golds and silvers. And if you can easily keep and access them there it is ofcourse better than bank. But it is not possible for so many people that is why bank is the only choice.

BrewMaster

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There is trouble abrewing

Quote from: First77 on June 13, 2018, 01:23:20 PM

Quote from: BrewMaster on June 13, 2018, 12:28:43 PM

banks are much safer than Gold and Silver because of two very simple facts.
1. your money in the bank is insured and you won't lose it under any circumstances (banking systems may differ in different countries though) and a thief can not easily rob you but they can easily rob you if you hold gold or silver at home and they can get away with it because you can't find /track them.

Read my signature below. You can store gold and silver in vaults with bullion dealers in other countries.

why would anyone in their right minds would want to trust a third party with their valuables while they can store it themselves?
and based on your post history anything you say, i take with a grain of salt!

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