Topic: Gold & Silver are safe than bank deposits ?? - page 39. (Read 19295 times)
You forget to take into account the inflation rate. Add here the difference between buying and selling precious metals. It turns out that the profit you will have less. Sale of gold or silver also has some difficulties. Crypto-currencies have completely solved these problems. For me, the value of precious metals is not confirmed. I think that it is also set by speculators and at any time it may decrease. I prefer cryptocurrencies.
Here in my place the interest rate is lower than 1% so basicall gold and silver are way better than your bank account. But gold and silver is an investment instrument while banks usually use for liquidity. You’d better to have this two thing which I think is really important nowadays.
i thought you were compare the securities from investment to banks and investment to gold and silver but apparently you were talking about the percentages of profit then investing at gold and silver are more profitable because banks only give low interest annual even usually they only give less than 3% from costumer initial investment of money
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 me yes gold and sivler are more secure kinds of investment than putting your all funds into any kind of bank out there that always have a chance to file a bankruptcy except the central bank, but be sure that you keep your gold and silver wisely from getting stolen in you. 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 disagree, as the fact that they went up in the past few days don't really say that they have a linear way up or promises that they will go up in the future.
They defiently can bring you more interest then just storing your funds in the bank, but everything that might give you a higher interest also involves a higher risk, nothing really promises you that people won't find any new way to produce gold in the future which is going to make gold worthless and also your investment.
Also, 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.
They defiently can bring you more interest then just storing your funds in the bank, but everything that might give you a higher interest also involves a higher risk, nothing really promises you that people won't find any new way to produce gold in the future which is going to make gold worthless and also your investment.
Also, 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.
Well said. However, gold and silver have stood the test of time and are more likely to to survive longer compared to modern financial instruments. They offer the kind of long term security the others cant. The problem though is storing them, I strongly advice against using banks and safety deposit boxes, there is always the possibility of theft.
Majority of the banks were centralized under the supervision of the respective government. In this regard gold and silver investment were good. In my country we have access to make an investment on gold and silver on banks itself. So, I consider investing on gold, silver and Bank deposits almost the same.
I think investing in gold and silver is for those who like safety and stability. You can invest in it if you are afraid of risk. Investing in gold and silver can help you earn more profit than depositing in a bank. But, if you're a risk-taker, invest in the Crypto market. I believe you will earn more than gold or you will lose everything
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 ??
Compare to fixed deposit, ornaments is the good profitable platform. But nowadays we are all living in updated world crypto investment is the good for the future. Because if you 1 btc and 200 gram gold then you should hold for 3 years but finally you will earn 3btc and 240 gram so finally crypto investment is make much profit. 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 are safe and yield more interest than bank deposits reason been that they don't depreciate or loose value, most people always want cold or silver in most occasions. But when it comes to bank deposit, bank policies or government policies can affect the interest rate pa, the rate can either increase or decrease and this can make you loose some money. Investing in cold or silver is far more better.
These are not guaranteed rates, first of all.
Silver and gold move in cycles just like bitcoin does. And although they have been proven to be long term store of values, I don't think that you can say that they are going to be more safe in terms of short term stability compared to bank, just because it may move extremely fast as it is after all, a freely traded asset.
I do think that everyone should be diversifying themselves into precious metals, and crypto. Both of them are hedges against fiat inflation. It's also something tangible, that is solely owned by you, unlike fiat currency (which is itself issued infinitely by central banks) in the form of bank deposits.
Silver and gold move in cycles just like bitcoin does. And although they have been proven to be long term store of values, I don't think that you can say that they are going to be more safe in terms of short term stability compared to bank, just because it may move extremely fast as it is after all, a freely traded asset.
I do think that everyone should be diversifying themselves into precious metals, and crypto. Both of them are hedges against fiat inflation. It's also something tangible, that is solely owned by you, unlike fiat currency (which is itself issued infinitely by central banks) in the form of bank deposits.
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 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 ??
Unless I have Gold or Silver that I physically have then I would choose them if I have a good way to also store them securely.
Investing in gold and silver is a good idea if you consider common investment assets. Both metals will serve as safe heavens for investors and probably attract even more deposits in the event of crisis. I recommend you taking a look at so called "Dow vs. Gold" chart that shows gold very undervalued compared to stocks (there is of course more ways to interpret the indicator).
I wouldn't agree to this you know , there are banks who have high interest rates too for example the digibank .
Yes gold and silver are excellent investments but you know there is always a problem , I think the reason they're very valuable is because they are only very few of those Noble metals in the periodic table, if someday another Noble metal more beautiful than gold and silver is discovered , which is highly likely they will probably loose their value as a whole.
Because we are discovering new things everyday I won't think we won't discover other metals like we discovered platinum but it's quantity was though low, but it doesn't nullifies the possibilities of discovering something big in the future with abundant ores.
Yes gold and silver are excellent investments but you know there is always a problem , I think the reason they're very valuable is because they are only very few of those Noble metals in the periodic table, if someday another Noble metal more beautiful than gold and silver is discovered , which is highly likely they will probably loose their value as a whole.
Because we are discovering new things everyday I won't think we won't discover other metals like we discovered platinum but it's quantity was though low, but it doesn't nullifies the possibilities of discovering something big in the future with abundant ores.
Oh please, almost any other investment option is way better than banking. I mean banks could just give you barely 1% per annum and that's very generous. Of course the interest you would get will also have to be taxed so that's lower still. Bottom line, don't trust banks with your money.
Gold and silver cannot be safe.. Even Platinum. Bitcoin can be yours if you trust it
Everyone for sure knows gold has been a better store of value over the years and that makes it a very valuable asset to hold and cannot be compared to banks deposits which sucks big time. In the literal sense, safety has to do with each individual but if you are referring to the value itself in terms of not getting crushed by inflation or something, I am sure you should know the better answer to that already as fiat has been the worst to hold on to ever.
With respect to gold and silver, and when it comes to risk, according to an article I read recently, silver's volatility is 70% higher than gold, so if you are looking for high risk adjusted returns, silver actually makes the top list, but like I said; high risk compared to gold which is at least consistent in value with lower risk. Therefore, the choice is always in each investor's hands. You are safer with gold at the long run anyway.
With respect to gold and silver, and when it comes to risk, according to an article I read recently, silver's volatility is 70% higher than gold, so if you are looking for high risk adjusted returns, silver actually makes the top list, but like I said; high risk compared to gold which is at least consistent in value with lower risk. Therefore, the choice is always in each investor's hands. You are safer with gold at the long run anyway.
What is safer?? Of course banks deposits that is obvious because of insurance policies,, but what profits more is Gold and Silver and that’s way far to compare.. Then what the used of keeping 100% safe your money in banks when you can’t have the assurance to gain from it,, but the bank officials will be the one have much bigger interest by investing it..
Our banking institutions is corrupted legally and the only choice we have to avoid them is don’t used them..
Our banking institutions is corrupted legally and the only choice we have to avoid them is don’t used them..
gold, and silver is better if the store in the form of long-term investment. only today, people prefer to do practical things in comparison to the less difficult ones. for me the deposit on the bank becomes easier than gold and silver.
Profit for gold and silver for year 2018 is 8%
Profit for gold and silver for year 2019 is 16%
I wonder how you got the profit numbers for 2018 & 2019? Isn't this calculated at the end of each year based on the price fluctuations of these commodities? Profit for gold and silver for year 2019 is 16%
The thing about gold/silver is that it's not as easy to sell at a good price as you may think. Moreover the commissions for exchanging these are usually higher than you would expect.
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.
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