Topic: Gold & Silver are safe than bank deposits ?? - page 5. (Read 19219 times)
Yes , gold and silvers are classic investments and are always preferred first.
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 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.
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.
I think first on the golden and silver is an toàn hơn, by because when to send to the bank, the bank will get money to use in other destination, and not sure that you would be recoverable
Kind of. But you should precisely choose place/bank where you want to store all you gold/silver, also there are possibilities that metal prices will fall seriously in future.
It seems that your question and the post itself has a bit different meaning .
The profit and safety are not the same thing.
To physcially buy gold or silver is no doubt safer than keeping it in your bank, bank can go bust and you will be able to get back only some funds( in Europe it is like 50k Euros which are guaranteed by goverment ).
Yes it is not that hard to answer, we all are aware now it is modern age and we have better ideas to save our money and grow it, so I think if we will keep our money in our bank account so it will remain the same so there will be no use of it, so now we have modern technologies, so we should try to investing in crypto currency as buying silver gold has become an fashioned investment. The profit and safety are not the same thing.
To physcially buy gold or silver is no doubt safer than keeping it in your bank, bank can go bust and you will be able to get back only some funds( in Europe it is like 50k Euros which are guaranteed by goverment ).
What about good old diversification? Invest in gold and silver but don`t forget base metals like aluminum, zinc, and copper. In 2018 they were on the upward curve as the demand growth.
And in 2017 they were the best-performing commodities sector, I believe the next year the situation will be similar.
And in 2017 they were the best-performing commodities sector, I believe the next year the situation will be similar.
I also agree that gold and silver investments are better than deposits in banks. I see in terms of security, that gold investment from time to time will never lose. despite investment in precious metals
and banks have only a small profit, I prefer to save gold. I am also sure the price of gold has not decreased from year to year. because in my opinion gold is a very valuable asset.
and banks have only a small profit, I prefer to save gold. I am also sure the price of gold has not decreased from year to year. because in my opinion gold is a very valuable asset.
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.
That's right and because both metals have stable price, i believe that your money is secure if you invest on them because you will be the one holding your precious metals. In banks, you are just paying them for the security of your money and they benefited from your money too. The only thing that's unsafe about keeping your money in bank is when the bank will end up in bankruptcy.
It seems that your question and the post itself has a bit different meaning .
The profit and safety are not the same thing.
To physcially buy gold or silver is no doubt safer than keeping it in your bank, bank can go bust and you will be able to get back only some funds( in Europe it is like 50k Euros which are guaranteed by goverment ).
The profit and safety are not the same thing.
To physcially buy gold or silver is no doubt safer than keeping it in your bank, bank can go bust and you will be able to get back only some funds( in Europe it is like 50k Euros which are guaranteed by goverment ).
in my opinion, both are equally safe for us to use investment. the difference lies only in the monthly income we earn. if we use gold or silver for investment, every month we will not get income from investment of these objects. we only hope that the price of gold and silver will remain stable or will increase so that when we sell gold or silver will benefit. different from deposits at banks. the amount of our monthly income depends on the nominal money that we deposited with the bank. the more money we guarantee, the greater the interest from deposits.
Gold and silver is the same hype based speculation as bitcoin and litecoin
Buy cheap low and sell expensive high.... sad but true, but I am thinking that gold is not valueable as for example cars or houses
Gold is good in terms of storing values which is very reluctant towards inflation. So many people do this but the liquidity is in this case is a bit low and you might not get a cash of your gold instantly. Buy cheap low and sell expensive high.... sad but true, but I am thinking that gold is not valueable as for example cars or houses
However bank accounts on the other hand give you the facility to get instant cash but you have to pay high charges that are in the form of low installments which you do not get to know about. So a rational man will rather prefer to invest or save in the assets that are more liquid and not prone to inflation.
Yes, it is. Saving money in a bank perhaps gives you more, but it takes even more and more. Just tae a look on your saving account book, you'll see how your money been cut and lose from your hand. However, when you invest it on gold or silver it will never take anything from you, unlike money on your saving. But, both gold or bank account are still have risks you need to consider.
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 ??
I think it will not be safe in my country. In Vietnam, there are a lot of bandits and people are afraid to leave gold or silver at home. So they choose to save money in banks to avoid being robbed and causing damage to their lives. It depends on the level of security in the countries of the world. 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 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 secure because both are assets. Money is printed by bank and it create inflation when print more, Thus value of money can decrease. Asset like land gold silver are assets and have value. 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 is the same hype based speculation as bitcoin and litecoin
Buy cheap low and sell expensive high.... sad but true, but I am thinking that gold is not valueable as for example cars or houses
Buy cheap low and sell expensive high.... sad but true, but I am thinking that gold is not valueable as for example cars or houses
Why do you think it is sad? Our world is a big marketplace, and there's nothing to be sad about, you just have to adjust. Also, I think gold is much more valuable than cars and real estate in the long run because it is never growing old. But, if you don't have much money, I agree that it is better to buy things that you need right now rather than buying gold or silver.
Whether it's safer to buy gold and silver instead of depositing money to banks depends on many factors, one of the main of which is what is your bank. If it's a Swiss bank then keeping money there is better because: 1. You will hardly lose it; 2. You will get some interest on your deposit. Keeping gold in a vault there will cost you money. But if it is Banco Central de Venezuela, then it's whole different story, but, in short, I wouldn't recommend keeping gold in a vault there either.
The fact is that when buying gold for dollars you must take into account the inflation of the dollar, which constantly eats it. $100 today and $100 five years ago are different amounts. It is necessary to understand that the dollar only becomes cheaper every year. Cryptocurrencies can generate more financial returns than any other investment asset in the form of gold, silver or platinum.
yea , gold and silver are good for " safe " investment , the price year by year mostly rise up and never get down as i know , up to you
you can choice to sell everything you have anytime with gold if you need money.
i ever offered to invest in bank, and it cant be taken until some years. but they will rise your fund in there.
its depend people will deposit in bank or gold. you know where is the safe place, maybe in bank, gold, or put on crypto
i ever offered to invest in bank, and it cant be taken until some years. but they will rise your fund in there.
its depend people will deposit in bank or gold. you know where is the safe place, maybe in bank, gold, or put on crypto
Jump to: