Gold & Silver are safe than bank deposits ?? - page 4.

mersal

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Quote from: First77 on June 13, 2018, 12:19:32 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 if you are depositing your money into a bank it will not grow anymore the percentage of income are also very low but the gold is more stable and developing in recent time so comparing to bank ok the investment on gold and silver will be very effective nowadays.

mbluxs

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The gold instrument is indeed quite suitable to be able to save our assets but it will not provide a lot of profit profit, because here to maintain the value of money from inflation

cryptjh

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I haven't got any interest from my bank deposit, the last 5 years, here where I live in Europe, no one gets any interest anymore on bank deposit, the interest has turned negative, so far only for bigger companies, but also for home mortgages, however people can't lend money for free, they just added a fee on top of negative home mortgages.
I'm not sure that gold and silver are a safe haven, but it seems to be a good option, just like bitcoins.

bummm

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Quote from: Vanshenz on November 07, 2018, 05:29:43 AM

I am a woman, so I really like gold and silver, besides being good for investment, gold and silver can also be used for jewelry.
the price of gold also never decreases, even if we sell it maybe the price will be cut slightly.

So, wear this jewelry and take pleasure of it. As for the money, better deal with the banks. If you work with the cryptocurrencies (I understand you do it), it can give you an additional income.

Andika23

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Activity: 269

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I think it's better to be clear gold and silver, because with you saving your money in gold and silver the value you save will not decrease, you will get profits every year.

It is very different from you saving in a bank, they have interest which will be deducted every month and the money you save will experience a reduction even though the amount is small. If you want to save money and you don't want your money to decrease at all better in gold and silver.

musharaf

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Bank fixed deposits are also safe but if we talk about gold and silver they are safe but the keeping of them is very risky if some one want to keep it at home and banks deposits are at bank so you are free from this tension and you can do what you want without any further security or any thing Banks are the major financial system of our country and in the world banking industry is the biggest among all.

JohnBitCo

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Activity: 2030

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Quote from: Semosuchi Tesongrato on November 04, 2018, 05:17:36 PM

Gold is not a good investment, but it is the safest "conservative" of value that exists.
But this only works if you have gold, and you have hidden it somewhere. If you only have certificates, your gold is worth only card.

These days people do not collect gold. Also the value of gold is mostly stable and one may not gain much profit only by holding it. The only benefit of gold is that it will not loose its value in the long term. For short term profits, bitcoin is the best option and many people are already getting nice profits from it.

Triwiyono

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I don't know for sure how safe a deposit is at a bank, like playing stocks or just saving, if you play stocks there maybe profits and losses, because prices can go down and up.
if you want to be safe and certain, it is better to buy gold, because gold will not die, many people continue to hunt for gold, surely the price of gold will continue to up. according to investment in gold it is very safe.

Louis Jackson

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I totally agree with you that gold and silver are safer than depositing money into banks. Because when your money is deposited into a bank, any risks that occur to a particular subject matter, you will not get the money back and gold and silver will retain its material value.

Wayan_Pedjeng

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Activity: 913

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

From where did you got the percentage returns for the year 2019? 2018 is still not finished and how can you talk about 2019 then? That is, unless you have invented some time machine and traveled forward in time. Your post doesn't have any credibility.

cetald

member

Activity: 434

Merit: 10

Quote from: First77 on June 13, 2018, 12:19:32 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 are the safest investments. About this says Robert Kiyosaki. But safe - it does not mean that they are the most profitable. As a rule, investments in metals are used to diversify risks, as well as for the flow of capital during crises.

yatogami

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Activity: 462

Merit: 250

bvo.trybravo.com

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

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 is closely connected to inflation of fiat currencies such as US dollar and euro. Yes, its price doubled in mid 2000s, but the value of dollar also fell 40%.
Precious metals were considered to be a "safe haven" during the financial crisis in 2008 and many people invested in gold and silver in order to protect their funds from devaluation.
On the whole, I think investing in precious metals can be as risky as investing in crypto, so I prefer keeping my money in a reliable bank and get that stable yearly profit.

OnceTwiceThird

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Activity: 606

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Yes more profitable gold and silver investment than we have make bank deposits, much increase of gold and silver investment than bank deposit because by using bank deposit we have waiting too long time for withdrawal our money.

lamadu3

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Merit: 100

Quote from: Semosuchi Tesongrato on November 04, 2018, 05:17:36 PM

Gold is not a good investment, but it is the safest "conservative" of value that exists.
But this only works if you have gold, and you have hidden it somewhere. If you only have certificates, your gold is worth only card.

Gold is the best choice for more conservative people. Most of the other ones trust banks. They can deposit their money and earn later. However, I choose the cryptocurrency as I like to work with it.

Vanshenz

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Activity: 462

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I am a woman, so I really like gold and silver, besides being good for investment, gold and silver can also be used for jewelry.
the price of gold also never decreases, even if we sell it maybe the price will be cut slightly.

gorodi

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Activity: 476

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Quote from: ?? on ??

If you have much money and have other source income you can use bank deposit for saving and hold your money than you have buy gold or silver as investment, just little profit you can get by holding at silver or gold because too small change of both gold or silver price, maybe you can use bank deposit and get profit every month.

Everything depends on the bank. If you trust it and know that this institution is reliable, you should better pick it. By the way, if you have gold and silver, you can also place these precious metals in this bank.

HarmonyA

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Activity: 602

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Gold and silver might be safe than bank deposit if the precious stones are kept in a secured place that would be void of external sight. cos if it is lost, it won't be easily recovered as the money kept in a bank. But for me, a bank deposit is safe because they are responsible for the safety against all odds.

Semosuchi Tesongrato

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Rasputin Party Mansion

Gold is not a good investment, but it is the safest "conservative" of value that exists.
But this only works if you have gold, and you have hidden it somewhere. If you only have certificates, your gold is worth only card.

syamster

hero member

Activity: 1078

Merit: 501

Quote from: joshie69 on November 04, 2018, 04:57:10 AM

Quote from: mald1to on November 03, 2018, 02:11:11 AM

I also think investing in gold is a very good decision because gold has shown a positive trend in the market. The value of gold gradually increases as years passed by because of its significant uses in the electronics industry and as a jewelry and precious stone.

Yes and I heard that gold increases again its value now, aside from cryptocurrencies I think investing in gold is a good investments too because price keeps increasing even if it is slow.

Gold is good investment but I think we cannot compare it with bitcoin or any other crypto currency, it is best investment according to me we are good investors of crypto currency there is no need to buy gold or any kind of silver, price is not even fixed but we know crypto currency is not having centralized value,. It use to change most of time so we should buy when it will be low and sell when it will be high.

kayzeeh

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Activity: 12

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Quote from: cctv0 on November 04, 2018, 12:43:20 AM

Gold and silver are safer than money only when the financial crisis comes. Perhaps the real opponent of Bitcoin is gold. The future market is unpredictable and perhaps bitcoin will replace the status of gold.

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