Gold & Silver are safe than bank deposits ?? - page 38.

ss890

sr. member

Activity: 644

Merit: 263

I think that doesn't matter at all if you ask this in the crypto forum. Tongue

People gonna see positive side of the non physical assets here. As far as I know metals or commodities are always safer than the banks because banks will never give you such high profits or interest % on your savings etc. Banks will give you around 7-8% yearly but as we see the demand and supply ratio will keep rising in the gold and silver terms and thus more and more gains will be there.

cryptokingdom

member

Activity: 236

Merit: 10

From your calculations it will be more profitable
To use cash that is for savings To invest in gold and silver but gold and silver have it own disadvantages. It can be stolen at any time.

First77

member

Activity: 266

Merit: 32

Quote from: laravuemaster on June 13, 2018, 05:10:53 PM

Banks today are becoming useless because most of the people will obviously prefer to invest on cryptocurrency or let say gold and silver if they have enough money, people will always look for an alternative way to have income because the government is keep on milking the people the community from taxes.

There have been 5904 bank frauds in India in first 3 months of 2018. Source CNBC TV18

The biggest bank fraud is Punjab National Bank (PNB) and Nirav Modi where PNB was scammed of $2,000,000,000 by Nirav Modi.

olubams

hero member

Activity: 798

Merit: 503

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 ??

Yes looking at the returns on the average, its seems investing in gold and silver would bring in more returns than fixed deposits. But when it comes to investment decisions, its not just based on quantitative factors alone. Rather some other factors are at play which would include the following.

While the interest on gold and silver is higher, the degree of certainty is not as high for fixed deposit which then appeal to the attitude to risk of the decision maker. In the case that the individual is risk averse, the decision is going for fixed deposit compared to someone who is attracted to risk.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Quote from: eekkaa on June 13, 2018, 02:46:08 AM

I would rather deposit to gold and silver than give the money I have in the bank because in the bank my money will definitely be used for other purposes so it makes my money unsafe.

Yeah, when it comes to gold and silver, I can at least have some rest of mind that even when there is huge inflation going on, that is when you will know the value of really leaving your money in an asset such as those.

Bank deposits is never safe, at some point, we just did not have a choice, as there is simply no value for storing in the bank, and talking about safety, that is not even guaranteed, as we have seen situations where bank could have a serious problem and can put on hold the customers cash for a very long time or even make one lose his or her money, so there is no guarantee with banks, but with gold or silver, sure way.

First77

member

Activity: 266

Merit: 32

Quote from: kl8847 on June 13, 2018, 06:22:31 PM

Gold an dsilver I believe are the things, that would always be valueable and trendy to have, so if I have some extra money, I love to buy my bae some of those.

Below 5% it is not worth keeping money in banks but Gold and silver price have fallen (silver fell to $9/ounce) and gold was $1660/ounce in 2013.

kl8847

full member

Activity: 263

Merit: 100

Gold an dsilver I believe are the things, that would always be valueable and trendy to have, so if I have some extra money, I love to buy my bae some of those.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

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 ??

The calculations are right, but you do realize that you used the word "likely". This means that there is no guarantee that you will be receiving any profit since the profit chart might deviate from the past numbers. Where as depositing in bank will give you a guaranteed profit (that is the interest) but holding less risks.

laravuemaster

full member

Activity: 378

Merit: 100

When Football meets Crypto

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.

Banks today are becoming useless because most of the people will obviously prefer to invest on cryptocurrency or let say gold and silver if they have enough money, people will always look for an alternative way to have income because the government is keep on milking the people the community from taxes.

biboy

full member

Activity: 406

Merit: 110

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.

bellicose

sr. member

Activity: 1120

Merit: 263

Sovryn - 300-500% APY on USDT Deposit

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 ??

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.

Herbys

jr. member

Activity: 238

Merit: 6

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 there is a desire to invest money in metal, I would invest in nickel on the exchange market, because for half a year the value has increased from 11.5K to 15.5K now. Roll Eyes

Rath_

legendary

Activity: 1876

Merit: 3132

Yes, they are and there is a simple reason behind it. Bank deposit is actually the amount of money you lend to the bank which they can lend to some other people who are eligible to request a loan (banks have very strict requirements). Storing gold and silver might be actually a little bit expensive and can cause some trouble but at least you will control your money. You don't have to worry about bank bankruptcy or any other situations which might lead to the loss of your money. Bitcoin is the best option when it comes to the security.

Cokot

member

Activity: 103

Merit: 10

for me gold is the first investment after bitcoin and every year i buy gold, although for profit still better bitcoin but gold has less risk than bitcoin

jhongzjhong

full member

Activity: 798

Merit: 109

https://bmy.guide

These two precious metals are very attractive to the eye of theft but as what given by OP's example by percentage when you deposit is going to zero percent I think we don't need for a banking system where I store our poverty like if we own that very expensive stone.
Storing these in your own house is I think safe, easy to hide these even if you don't have a vault.

Quote from: The Sceptical Chymist on June 13, 2018, 01:29:53 PM

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%.

Interest rates for deposits in the US are near ZERO, not 5%. The same is true for much of the world if I'm not mistaken.

So it is if the banking system is like that why we put our poverty on their hand if we can handle it.

spyerf

full member

Activity: 378

Merit: 103

Quote from: susila_bai on June 13, 2018, 04:05:23 AM

Quote from: soname12 on June 13, 2018, 03:42:02 AM

I also think gold and silver will be safer than depositing money into banks. Gold and silver are commodities that will rise in price in the future. Sometimes banks may go bankrupt, but gold and silver will never lose its value

Even if banks go bankrupt then their is government who have to bailout them because they are coming in regulation to government. But still i think god and silver investment wont give much returns then if you take risk and invest in cryptocurrency.

investing in gold, silver or cash is the same, depending on where we invest it. Any type of investment I think is risky, especially if it does not understand this type of investment. only when investing in our bank has a guarantee if the bank goes bankrupt.

The Sceptical Chymist

legendary

Activity: 3458

Merit: 6948

Top Crypto Casino

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%.

Interest rates for deposits in the US are near ZERO, not 5%. The same is true for much of the world if I'm not mistaken.

This:

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

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%

is a great example, but I don't think those numbers reflect reality, and I don't think 2019 is likely to bring a 16% gain in metals. I could be wrong, yes, but metals have a history of being completely dead when they're not in a crazy speculative bubble. I'm not saying that owning them is stupid, but a lot of people think they're going to make money by holding gold or silver, and they don't. They think they're hedging against inflation, but often they lose value because 1) metals drop, and 2) inflation is near zero.

First77

member

Activity: 266

Merit: 32

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.

BrewMaster

legendary

Activity: 2114

Merit: 1293

There is trouble abrewing

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.
2. fiat in bank has a fixed value and if the economy if your country is not shit the value of it is not fluctuating so if you hold $1 mil today it will be worth $1 mil in a year too. but if you hold $1 mil worth of Silver today it may be worth $7000 in a year!

First77

member

Activity: 266

Merit: 32

Why are banks paying 2% to 5% interest per annum ?

Topic: Gold & Silver are safe than bank deposits ?? - page 38. (Read 19247 times)