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How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?

Currently, due to inflation, keeping money in the bank is becoming a very risky decision. Some of the reputed banks of our country have already declared themselves bankrupt.

A relative of my acquaintance deposited all his savings in a reputed bank of our country. He had a lot of plans with that deposited money. But due to inflation in our country, that bank is heavily indebted and the bank declares itself bankrupt, not just limited to this, I am far from getting that relative money back, a certain amount of money is being shown in its account. 
After hearing this news, he is very broken mentally. So we should all be careful that our future is not like that relative of mine. When gold is deposited in a bank, the bank may set a price for the gold and pay interest as the price of gold rises.

Since you are in the forum, I think you are aware in the cryptocurrency where you could store, invest and trade your funds. Inflation could also be good in this industry where economic issues could give good benefits in here. You've mentioned you don't prefer banks as they always go bankrupt, investing in gold is also a good alternative since gold value in a long term would be high but it's still depends on the economic situation of a country. For you to not think about the interest why not buy it straight from them so you could sell anytime?

It's true if bank deposits could be used to hedge against inflation, because the interest rate of bank deposits is higher than the inflation rate, but don't forget it's not liquid because you need to stake it for 1-10 years and there's a penalty if you withdraw it before the due date.

Investing in gold could be an option, but people in this forum including me prefer to invest in Bitcoin to hedge against inflation because the return could be higher than gold and the uniqueness of decentralization which you can't find in any other asset.

I don't know what you mean by "How is gold bought in the bank" I think banks do not have precious metals like gold you can buy gold in any jewelry shop without approval from banks.

The good thing about investing in Gold the price is pretty stable and you can hold it for a long-term investment compared to investing your money in the banks with only a small P.A interest.
However, both of them are good investments because both of them will give you profit but Gold always depends on the market value it may drop or increase in value compared to banks where you can surely make a profit from the interest.

Gold is not bought in a bank, but it can be kept in a bank for safety. You can buy physical gold from people who sell it, you'd have to look for sellers in and around your location. Gold can also be bought in the form of jewelries or accessories, meaning you can buy gold jewelries from either a shop or from people who want to sell their gold accessories. Gold could also be bought in the form of stocks, etc, just surf the internet and you'd get many other ways to purchase gold, then select that which is best for you.

Having said that, banks do not go bankrupt all that often, but your money in the bank wouldn't accrue too much interest, and might also depreciate in value because of inflation. Buying gold is a great option, it is a safe haven asset/a store of value, its price does not move sporadically and it does not pump like crypto, but what you get with gold is stability and a fair ROI.

If I may get you correctly you are talking of buying Gold as a currency to trade and hold? Just as few have mentioned banks doesn't sell gold but for some security reasons you may decide to store them over there. But practically you can change the narratives of buying digital gold which is Bitcoin and hold with this you are in possession of your asset and there's no risk of bankrupt or government in control of your assets. Digital money being bitcoin gives you more edge than fiat and it doesn't make any increase all less in a fixed deposit account.

A better suggestion is gold if you are still afraid to keep savings in the bank because of inflation, but I don't think the bank will completely go bankrupt but you don't have too much faith in the bank they will still inflate the value even though they give interest every year but I don't think it's cover the losses from inflation.

But for people who are afraid of high risks then physical gold is the choice. This will be stable on a long scale. I also have some assets stored in physical gold which can be purchased at any available store. It's the only stable asset I can use when in a pinch.

Of course, what we've noticed is that now increasing investment in bitcoin is a high risk but with returns quite commensurate with what is invested over the next few years.

I don't know the amount of interest you get from buying gold from the bank ^{if that's possible} but i think it is much better to buy from the open market than from the bank.
if you are afraid of banks going bankrupt when saving money then same thing can apply to the gold you bought from the bank as well. A distress bank will not exactly give you access to your gold since they are part of of the assets. Buy your gold buy your safe and secure it yourself.

Over the years investors chose banks as the best choice for the safe keeping and means to grow interest but then after a while their only open to more risks since banks are centralized and could close up on investors without refunds on investments, and even at that sometimes the interest payment is so small that other bank charges eat them up on the long run.

So for that, bank fixed deposits are not the best choice of investment and anyone looking to have a fruitful financial future should look for some other sectors such as real estate,  Bitcoin,  and Golds, but the best among them is bitcoin and gold since both assets give you total control over your money and you are in a self custody investment holding them, and having great potential to give future profits without direct tax.

Deposits should be mixed: in gold, in fiat (both banks and cash), in crypto also, and in some valuable things... Every deposit type has its drawbacks and advantages. Also it is vital for deposits: they should be suitable for paying directly with them (without exchange) in order to buy things for a living.

Buying gold and using it as savings makes a lot of sense. There may be other calculations from the bank, but I don't know the details. You can ask the bank, what if you buy gold and keep it in the bank? Can you get interested in it? But it seems the bank will not give interest for the stored gold, but I don't know.

But I prefer to buy bitcoin for future savings because the return on bitcoin can be bigger than gold. I suggest you have both bitcoin and gold to get big profits in the future.

For safe-keeping, Banks are still the safest and the easiest method to store your money, and there are a lot of benefits to them besides security. Of course, there's inflation so it wouldn't make sense to deposit in the bank if you want to grow your money. For gold though, I don't think gold provides interest, however, gold prices steadily increase in price but it's super slow, especially if you factor inflation.

Would have been a more interesting topic if you include Bitcoin, I prefer investing my money on Bitcoin than gold and bank, fixed deposits? Not my thing, it's a time wasting way of making penny on your fixed money.

Buying Gold is better than Fiat because it's more valuable, a good store of value in my opinion but I just like Bitcoin more because it's me and my Bitcoin, no one knows that I have Bitcoin unless I tell them and the decentralized power that Bitcoin is offering is, even more attracting to me.

The only one thing that banks do better is securing your money and they take responsibility if anything happens on their end, but the problem with fiat is inflation and also I am not completely in control of my money that I worked for, the government can tell the bank to seize my money.

Most people don't know how to start investing in gold, so it's not a very popular investment category. Most people prefer to simply deposit their money at the bank and earn interest on their saving accounts inferior to the inflation rates of their countries. That is a consequence of lack of financial knowledge among the average citizens.

However, thankfully we have Bitcoin investment nowadays, which is accessible to everyone, at the reach of their fingers on any mobile device connected to the internet. That is the most versatile and democratic investment you can make right now with any sum of money thinking on long term returns. I believe Bitcoin has come to give an opportunity for those who don't know how to invest in gold, and therefore couldn't fight inflation without Bitcoin on their lives.

If you know that the big banks out there are bankrupt, then don't ever trust anything in bank products even though they also offer gold investments. I know you can find gold shops anywhere in your country, so it's easy to buy it if you have the budget to invest it.

I haven't had a bank deposit for a long time, but I still use bank services for my daily financial needs. But it would be better if you consider bitcoin as a worthy investment instead of just gold.

If you've decided to keep it in a bank first, don't do it in one bank. Divide your assets into banks and reduce risk. At no time should your entire being be in one place. If you prefer to keep it in gold and you will do it through banks, I can suggest the same way. Do not use a single bank.

In addition to all these, you can also invest in crypto and store it through wallets. If you prefer this way, you are already in the forum where the most reliable information is available.

if asked to choose between savings in a bank or gold of course I choose gold because gold has a value that tends to be stable but if there is another choice I choose bitcoin to protect my assets against inflation because there are only 21 million bitcoin coins circulating in the world of fixed value and no it can be added differently with money and gold. I think one of the top assets for dealing with inflation is bitcoin, how about you

Buying gold to me is something people to do protect their wealth. If you have more money than you know what to do with, sure, get some gold as insurance. If you’re trying to maintain spending power and beat inflation though, your best bet has always been stocks. I feel like cash and gold are both lost or confiscated more than I’d feel comfortable with, but you rarely ever hear of stocks being lost or confiscated, not to mention their historical return has been quite higher than gold or cash.

Precious metals can be bought on a variety of places and not only at banks, however gold often presents three important problems for those that want to buy it, to begin with where to buy your gold? Fake gold is a thing, so if the source where you buy your gold is not a good one you could easily be deceived, second you need to find a place where to keep it, doing so at the bank is a mistake as some countries have laws that allow governments to open safe deposit boxes without a court order and grab whatever is there, and finally you need to be able to hold your gold for a long time if your aim is not only to protect yourself from inflation but also to earn some money.

The percentage of money return for the fixed deposit will be low as compared to the long term profit from the gold.Because gold had stability and gives you solid return from your holding period.During 2000,the price of gold was ten times lower then 2023.It mean in the twenty year of time period.The return is 100 percentage of the initial invested value.The money was invested in real estate and gold for the future assets.The assets can be change of this two,very rare people choose of the bank for the 5-8% of their yearly interest.In many countries,the interest rate for the old ages people alone high like 8%.To rest of the investors bank pay the maximum amount of 6 percentage which is split with the annum and not a profitable one.

As far as I know, you can't buy gold only at the bank, as far as I know. So if you are asking where is it better to put the money, in the bank or in gold? And for now it is too risk to put our money in the bank if you are located in U.S especially in the inflation they are facing it now.

      Of course, for me it's better to use it in gold than in the bank, because at least with gold anytime it can become money and at the same time there are also ups and downs that happen here when it comes to business trade.

The banking system today looks extremely unreliable. It is constantly shaken by various crises. Your account can be blocked at any time, the bank can close. And not the fact that you will be able to get all your money back. That's why investing in gold seems to be more reliable.

Neither gold nor bank savings accounts are a financial tool that are viable for trying to keep up with or surpass inflation.  There is a savings account, or money market on the planet that pays a rate that is as high as inflation is..so that doesn't work.  Gold, which should be bought personally, and only stored in a bank vault, not bought at the bank, is a hedge asset, and one that is not meant to be an investment, something that keeps up with inflation (while it certainly can in the right conditions, it's not it's inherent purpose, or shouldn't be). 

So the answer to just be well diversified.  Have a short, mid and long term bucket of money.  Have money in savings, have some in physical gold and silver , own a retirement plan like a 401k, as well as a basic brokerage account to purchase things like individual stocks, own bitcoin....diversification is king.

honestly having gold make more sense, you should remember the crisis before, the value of fiat are plummeting so hard yet gold is having its good time with massive increase.
the thing with gold is that it's not only being considered a good store of value and the fact that it could counter the current inflation but more of the fact that there are so many that thinks that gold is the real money.
even fiat was initially backed by it, I think if you really eager counter the inflation just invest in gold.
otherwise bank deposits is ok but always be sure to take a look at the interests rate, whether it could truly counter the inflation.

I think saving money in gold is better to fight rising inflation than saving in a bank. So far, bank interest rates for deposits are not feasible to offset the inflation rate that is happening. but we also have to be able to see the characteristics of investing in gold, which of course cannot be done in a short time, the long term is an option to provide a decent return on gold investment. let alone investing in gold in physical form, then we have a double advantage as jewelry

The answer depends on your particular economic situation and where you live. In many countries, even if a bank fails, deposits are guaranteed up to a certain amount. In Spain it is up to 100,000 euros per bank, so you can have half a million euros spread over 5 banks and your money is guaranteed. In the USA it is up to $250,000. So I don't think you need to buy gold. If you do, you are going to pay fees that if you had to sell the gold the day after you buy it, you would make a loss. The smaller the amount, the bigger the loss. So I would keep the money you might need in the bank (and a bit in cash at home) and gold as a medium or long-term investment, but bitcoin is better for that.

I think it is best to not get involved with banks at all. if you want to invest in golds then you need a better way of storing your golds. keeping them in bank is same as depositing in the bank. and I don't think there is much difference in interests of boths. maybe little bit.
having gold is good but keeping them in bank to earn interrest is not. unless the bank is really big and trustworthy and have very low chance of bankruptcy and you are sure that your gold will not get lost.

Depends on country.

For example, in my country, bank interest rates have been on par with inflation, which has fluctuated between 3-6% over the last 5 years, while the value of gold has gone double. Looking at history, I'd suggest Gold. Here you can purchase Digital Gold too, so no need of purchasing it physically either.

If I am brutally honest, I do not trust any of the two options. The global Banking system are in trouble, we all know that.... and there are just so much governments can do with bail-outs to protect them.

The Gold industry are also being controlled by Gold cartels and Gold audits are not being done, so people are buying into something that might just be on paper or numbers on a spreadsheet. It might be better to buy physical Gold, but then you have the added problems to keep it safe.  ::)

I like property rentals, because people always have to have a roof over their heads.... and I like to invest in the food & beverage industry, because people have to eat and drink.  ;)

When it comes to inflation, the best savings are physical deposits, and gold is one of them. that's why it is very important to divide the savings into a few percent and put it in the form of investment a few percent, and buying gold is also one of the best investments. between the two choices between saving money and gold, I prefer gold.

Once inflation stabilizes stocks will definitely see better gains than holding onto liquid cash even if the interest rates might temporarily lower the value of a portfolio.

If the government wants to seize someone's assets I'm sure they'd go after someone's brokerage account. They most certainly would confiscate cash stored in a bank. IMO not even gold is safe from seizure, Bitcoin's the only asset immune from confiscation granted you take steps to protect your private keys.

Just keep an amount that is enough for you to use in your daily life plus emergencies on bank accounts and keep the rest on investments like gold, silver etc., Bitcoin is a great option as well. Keep in mind though, all these investments have their own risk levels which you should also consider as you create your portfolio and investment strategies. Just try to read and know more about all the investment options that you are considering and then try to weigh all the pros and cons that each option has. Then, try to determine how much risk you can tolerate, how much loss you can take etc., etc. These all may sound easy to others while for some a tedious process but if you really want to succeed in something, you will have to put the time and effort regardless of how you see the process.

Although its good to listen on everyone's different opinion about certain comparison but still the choice will be depend on what you prefer since the level of risk of those selection is totally different so its really depend on what you can take among those selection although both is quiet safe but there's still at risk to lose value knowing inflation soar high and your money will get less buying power over the years if you select to deposit on banks.

But if you select gold then its also safe value also keep rising and I think you will not lose anything here and patience is only the main thing upon choosing to invest with gold.

There are many trusted bank in the world, do not try to store your money into untrusted bank. but storing your money in bank for long term is not recommended because the rate of inflation is higher than the rate of interest that is given by bank. You have to choose to invest in gold if you want to hold your wealth for a long time without have a worry about inflation.

I have no idea about buying gold in the bank so I can't say anything about that but if you're trying to deposit in the bank, it'll just be kept there with low interest. And as time pass by, inflation could increase rapidly but your deposit in the bank would still be getting low interest so it won't cover the expenses you'd spend due to high inflation. Also what you've mentioned that there are possibilities that the bank can go into bankruptcy so I believe it's better to invest it in gold as it would still be valuable over time. And gold is good for a long-term investment so it's safer.

gold for long term and bank for medium term. if you have a lot of money to invest I suggest taking both, even not too long to return the investment it is very profitable for those of us who want to take profits with a little patience and gold is the most promising investment in the future because the exchange rate often rises because money continues to experience inflation.

I will prefer to keep my money in any profitable means that I have custody of. When you put your money in the bank you lose total control of your funds. The banks can claim to be insured by the national deposit insurance of any country but the stress and inconvenience that retrieving your funds will cost is sometimes unbeatable. I know when banks collapse depositor's funds are safe but I don't want to go through bureaucratic bottlenecks to get my own money back.


I will prefer buying digital gold if it is safe than sending physical gold to the bank for safekeeping. Bankers are not trustworthy. They can even use your asset for business transactions without your consent. When the bank goes bankrupt you will hear unbelievable stories about your gold deposits.

I deposit in the bank, this is because when saving money in a bank it is safer than gold, I can't imagine saving money in gold so it makes it difficult for me to sleep and go to work because I'm always worried if the gold is lost, saving money in the bank is safer because it's easy for us to control.

It makes sense to diversify your investment to other things like purchase of gold, precious metals, bitcoins and land since these are all limited and will have higher values after inflation but saving or keeping money especially in banks is not wise against inflation. Regardless of the many deposits that may be offered by banks, your money will be lesser in value by the time inflation has dealt with it.

 Money kept in banks should not be higher than the money you have invested, money kept in the bank should be for easy access to fiat and not for savings.

Yes as gold preserved it's value for a long time even in the past era. So investing in gold would be better for a long term, but you could still invest into banks incase you want a short term for you to have funds in case you need it. Still it's up to your preferences if you are patience enough to hold your gold that even your grandchildren could hold them, then for sure it was a good investment.

Have different baskets. Dont limit your options to between saving in banks or investing in golf. Saving money can be a challenge, especially with limited income and expenses such as school, social activities, and personal interests. However, it's never too early to start thinking about ways to protect your savings against inflation and other economic risks.

Investing in gold can be a good option for protecting your savings against inflation and other economic risks. While it may not be the most traditional investment choice, it can offer long-term stability and security for your money.

You can try to use bank to invest in gold. In our country, skme banks offer gold savings account where you don't actually own physical gold. Instead, you own shares in a fund that holds gold, and the fund is responsible for storing the gold securely. In this case, you don't need to worry about storing the gold yourself. We'll go back to the question if it is safe to go to banks. It makes sense because bankruptcy of a bank holding the gold would not directly impact your investment but if the broader financial system were to be impacted by the bank's bankruptcy, (if you watch the movie Big Short) the value of the fund holding the gold may still be affected.

If I have to choose between these two options, bank deposits or gold, I will prefer gold as my investment option, because gold is opposite directly to inflation, if inflation is very high then gold also rises, it has been proven that gold is the best option between two This, if talking about deposits, it is certain that the interests of the profit from deposits have been confirmed when carrying out deposits and the average annual interest obtained below 8% yoy, of course in the movement of inflation can rise to more than 10%, and of course it is a threat for those deposits investors.
And if you enter the Bitcoin option into one of the two options, I better choose Bitcoin as a means of storing values and investing.

But you need to make sure that you will own physical gold, not gold in the bank. Deposit money in the bank or invest gold through the bank. That means you will only receive a certificate that you have deposited the assets in the bank but that you do not own any physical gold. The risk is the same. If OP is looking to make a profit from depositing money in a bank or investing in gold. Why not think of another solution like bitcoin, for example?

One of the banks operating in my country is currently experiencing problems with its network. All customers cannot make transactions since 2/3 days ago either on mobile or ATM or through tellers. This is of course very bad when customers need money for urgent needs, the bank only asks its customers to be patient and patient.

IMO, banks are a bad choice right now as a place to keep your money, you shouldn't even keep large amounts of your money there. Banks are getting more and more problematic and will only let you down, so the right choice now is gold or maybe crypto including bitcoin. Losing customer trust in the end will probably be the biggest problem that will be faced by banks around the world. Other assets such as gold, crypto, and several other investment assets are worth considering in my opinion, and maybe it's time to discredit banks as safe and profitable investment options.

As the bank is going through an ongoing crisis saving in money in Bank is definitely risky. After recognizing this issue those who try to do this will be responsible for any major disaster in the future. The crisis of the US banks will not be resolved soon. Moreover, we know that the main strength of a bank is public trust, and once it is lost, it will not take more time to bankrupt. In the meantime, the negative impact of the US Bank has started to affect the various banks of the world. But from this point of view investing in gold is quite safe. Many are decide crypto or gold to get rid from inflation. According to my perception and as a smart investor who will invest in Bitcoin will be able to earn huge profits.

I wouldn't advice you save up money in the bank but its no bad idea having your day spending money in the bank and inflation is one of the major reason why I wouldn't  advice you or anyone to deposit money in the bank for a longer period of time as there have been cases of local banks going bankrupt and there was absolutely nothing dine about it, not even by the government.

Rather  than bother over where to buy and store gold, I will advice that you just buy the gold infirm of jewelries and I once had an elderly friend who invest strictly in looking  classic in gold and diamond and I at some point thought it was a total waste not until I went so close to him and then realized that it was all form of investment  to him and he also told me that he has been in the business  for over 18 years as at then and still doing well in  it and what he simply does is buy gold and diamonds in firm of jewelries and sell them off when the need be.

So I would advice that you get gold in firm of jewelries,  rock them and when the need comes for sell, you sell them off and restock and its just like saying one is aiming  two birds with one stone.

Bitcoin should be added in this case as it is also resistant to inflation, and the security and convenience of bitcoin are superior to gold. Holding too much physical gold in your home is another risk when investing in gold. Gold is quite cumbersome to move as well as store, so it will be easy for others to notice if we hold a large amount of gold. But bitcoin will perform better in this case, storing and preserving bitcoins is easier than ever when we just need a hardware wallet and remember the passphrase carefully. Bitcoin not only guarantees the value of assets but also ensures our own safety. If I were OP, I would consider and choose bitcoin over gold and bank deposits.

Haha, I was reading a few comments and also the Ops question made me laugh at the thinking of some users besides that I will put forward my own view on it. Deposits I think deposits belong by the mean to the investment world and we all know investment brings risk and opportunity both, My stand on deposits belonging is that a specific amount of the deposits in terms of the investment should be used in the Crypto industry not at all supporting the mean meme coins and altcoins my pure intention is with the strong projects and king BTC. Coming to the next point in the coming days there will be a maximum of deposits in the Crypto market reason revolution in the financial world after recovering from the global recession DNA realization of the truth of getting tapped always.

So end of the story is deposits are now or going to be only in the Crypto market.

Simply depositing into the bank account will actually make you to lose your money because they give you less interest rate than the actual inflation rate of your country so it doesn't make sense at all to keep money in your bank after certain stage so keep it as gold because its proven cause centuries old asset never lost its value.

Making deposit in bank doesn't nowadays doesn't give any profit, the interest is something next to none. In that o mean the banks are just there to make profit for themselves using depositors money without corresponding returns as profit.

Gold is a good asset to invest in as it doesn't depreciate in value like fiat money. The value of gold in the market keep adding as demand for it arises. One of the great ways to insure your money not to loss value in years to come is for you to invest it in buying gold  instead of depositing your fiat in the bank.

Presently I won't encourage any one to leave their money in bank or even deposit gold in bank, instead bitcoin is more preferable to  buy and hold. This so-called bank uses our money for loan at end of the day they ended up giving us some trash after which they might made serious interest from the money deposited in bank, so leaving one's money in a digital asset is more safer.

we all know that depositing in a bank is just for safekeeping purposes. you don't expect for the interest earned as it is like dust. but if you avail their other financial services like time deposit and other high-interest services, then maybe you can get something.
so some people are still using traditional banks to secure their funds and not because of the interest. and of course if you want to diversity go for tangible assets like gold. there's nothing wrong in diversification of funds. it will give you better security if anything goes wrong in one of your assets.
either options, it is up to you. what are your goals for your funds, safekeeping, assurance, high interest and others?

Soon as a financial crash happens, banks are the first to suffer its detriments. If you are keen on losing your money in arguably one of the most important times you will ever need it in your life, then go! Invest in a bank and let’s see how things go for you. But if you are interested in keeping the value of your money even in financial crises like bank runs, financial crashes, and even war, then go invest it into commodities and assets like gold and bitcoin. That’ll guarantee that no matter what happens to the outside market, your money is safe and remains valuable, perhaps even after you die. So make your choice. Blue pill vs.  Red Pill your way out of this one and see for yourself if investing your money in a bank is the best way to go or are you sane and would go for the most logical option which is to invest it in gold and other forms of appreciating assets.

Even if you would really be having that time deposit or whatever those offerings but still the % on annual basis isnt something that you could boast on and this is why its never been that ideal nor worth on making
your money stay and stored up on your bank account but instead it would be ideal if things to be applied on an investment which you do know that you could really be able to gain benefit if ever it would be succeeded.
But we know that there are people who cant just able to bare up such risks and this is why they would be deciding on making themselves to store up their fiats on banks and would really be able to have a good sleep.

Oh well, this is a common human being behavior on which there are ones who are risk takers and there are ones who do really love to play on the safer side and wouldnt be bothered on what goes around.
Some would really be sticking into those traditional things no matter what and would really be that close minded on whatever things that they would really be able to see around.
As long they do saw their fiat is on safekeeping then that what matter the most.

To be honest, depositing in banks is perilous and unsafe during this rough period due to the widespread inflation in global economic and regrettably it is predictable to be increased in the near future. From my perspective, investing in BTC is more profitable than in Gold but in long term and having multiple strategies is very important to guarantee a fixed returns. In fact, Bitcoin provides financial freedom but it takes time to be achieved and needs discipline and good decisions making. There are multiple sources of money, if you have knowledge and skills, you will easily accomplish goals and reach financial stability.

If I have money, maybe I will put it in the bank, but I will put the majority of my money in gold, because in the bank it is only fixed at a percentage per annum while in gold it is not like that.

       This means that the profit level that can be obtained here between the banks is higher. Although I'm not saying that the bank is bad when it comes to keeping our money in it. That's why I'm more comfortable not putting my money in the bank than putting a lot of money in it.

That's a weird question to ask on a Bitcoin forum.  ;D Bitcoin can't go bankrupt, it has no CEO, no board of directors, it never sleeps, it has great uptime and it can't be confiscated. Bitcoin doesn't take loans and it doesn't risk with customers' (users') funds. It's not dependent on any country's economy. What else could you wish for? 8)

When it's got to do with local banks, it doesn't matter the strategy you take or not take. All road still leads back to them when you have your savings in fiat or buy gold with same bank.
Should there be issues of the bank going bankrupted, your savings in both fiat and gold for commodity would be laid waste as well. Gold might attain some solid state but still, your portfolio could still be liquidated and used to perform other banking options untill they lack the ability to pay.

This is why, its of importance that, you diversify have some of your portfolio in other valuable gorms and when using the services of local banks, don't stick to just one.

risks will exist in all areas and what we do. therefore diversifying the assets that we have is very important so that if the worst risk occurs, we still have assets in other fields. and in diversifying the assets we must also classify them according to the level of risk when compared to inflation. just like we save in fiat currency, of course it will be different from gold or bitcoin, and another thing if we invest in property, everything has its own advantages and disadvantages

Once the financial system is centralized and they never guarantee that the money you put there will be returned when they go bankrupt, there is no way to maintain the value of fiat currency in the midst of a recession or inflation. What we have to do is move money there by other methods, such as buying gold and bitcoin, while only keeping enough money according to needs, deposits as a product offered at banks are also not profitable when talking about bank bankruptcy.

But to be honest, we really need fiat to support our trips because until now fiat is a legal payment method. But speaking of accuracy to maintain the value of the currency that we have, we should choose another method to save by investing in gold or bitcoin.

Gold has the ability to survive amid inflation and buying gold makes much more sense than keeping it in a bank, gold is stable and can maintain value, But speaks of weakness, gold is slow to provide big profits according to your expected profit target.

Don't use this pattern to buy gold because you can buy it directly at the store that sells it and you can save it yourself to avoid interest.

Aside from the bankruptcy issue, in my country, our local currency cannot be trusted at all. Saving your money in the bank with our local currency is just a house of cards, it will certainly crumble. The currency just keeps on depreciating. Although it has been relatively stable this year when compared to the last three years, it's still a shit currency. It's stable now but I know it will still devalue in a few months time.
Inflation is so high that your $2000 may be worth $1500 within a year.
I'm not saying you can't use the banks but it won't be wise to leave your savings in a bank in my country, especially for a long period of time because it's a certainty that the currency will devalue due to the increasing rate of inflation and the very poor political and economic system in the country.

Inflation really affect on that situation that's the reason why its not ideal to deposit your money in the bank since you will just get defeated by heavy inflation if this occur. The small percentage given by those banks cannot cope up with that situation that's why in the long run you lose something with them by choosing this option. Purchasing gold is now famous nowadays since many people especially those gold investor see a huge potential that the value will over the years that's why many choose to grab this as one of their ideal investment option.

What about gold? Doesn't it have the same qualities as well? There is one difference between Bitcoin and gold and it is that Bitcoin is way more volatile than gold, the price of gold doesn't fall as much as it grows over time while Bitcoin's price growth and drop speed are pretty much too high when compared to gold which makes it a more risky investment.

But I don't recommend someone buy and store gold in a bank, that doesn't really give someone an edge over inflation since it is again in the custody of centralized authorities and inflation can affect it for sure.

If we invest in gold, it would be nice to buy gold that has physical properties and we keep it for ourselves. Don't think about interest if the savings are in gold. Saving money in a bank will make the value of the currency decrease, giving no benefit to the depositor except for small amounts. If inflation occurs, gold will not have an impact on the inflation.

Yes.

It's one of the best hedge against inflation. But since you're in the Bitcoin forum, Bitcoin is better than gold.  8)

You can buy the tangible one and have it on your hands physically. But thanks to the brokers, you can buy gold as in digital gold that also have the value the same as the physical ones.

Now, you see those hypocrites that don't like bitcoin and says that it doesn't have a physical attribute while they're doing the opposite for gold.

I prefer a deposit in the bank rather than gold, this is because saving money in the bank is safer and of course getting security guarantees so that when things happen then we can claim, in contrast to saving money in gold so if we are lost we cannot do anything.

Why exactly do you need to buy gold when you can simply buy bitcoin,?.
Well, I am not against diversifying your investment, but buying gold, legally involves a lot of paper works and documentation, atleast, I know it as this in my country, I don't know how or what process is involved for other countries..

But for me personally, I will rather buy bitcoin, than buy gold if moving my money away from fiat becomes paramount in saving it from inflation.

When it comes to saving money in a bank, sooner or later your money will surely be eroded by the so-called inflation and monthly administration fees that are already in the bank's system. Therefore saving in a bank is not a good place to store value for the money you have. Especially when inflation attacks, it will definitely reduce the money you have. Even in this forum, many have explained about the bank's system that extorts profits from its customers too much. So it is better to save your money in gold than in the bank. Because gold has stable price movements every year, it is easy to turn into cash, and gold has proven to be an investment asset that many people are interested in. therefore you don't need to hesitate if you want to start investing in gold.

And I suggest, if you want to invest in gold, don't buy or invest through a bank, it's better to go straight to the pawn shop, so it's safer and more reliable.

I will give priority to any investment than keeping money in the bank. And as such there is a wide difference between gold and bank deposits. If you keep money in the bank, the bank charges are levied, moreover, due to different types of duties and inflation, it is better to buy gold than the bank deposit. It is possible to maintain the value of money by holding it in gold regardless of inflation. But if one expects to get more money from the investment then one can decide to invest in Bitcoin. It is a reliable investment for long term.

I prefer gold. more money to inflation even if it's kept long enough, well I know deposits may possibly invest some profitable assets in the future but I think in the long term nothing compares to gold. gold will replace currency to be the real medium of exchange in the future that is what gold does best in the future.

Well, you are right about your judgment against the banks; it doesn't really make sense to keep money in the bank any more because if you keep your money in the bank, it will get devalued due to inflation. Really, I don't think banks do sell gold. In my country, there's nothing like that. Just that, you can also save up your gold in the bank safe if you want. But I don't even advise that one store their gold in the bank either.

Buying gold and storing it is much safer and can also avoid inflation. than we deposit our money in the bank. Even the rate of profit interest offered by the bank is sometimes still unable to cover the decline in value that occurs due to inflation. So personally I prefer saving in the form of physical gold. And I avoid platforms that provide gold digitally. because i think if it's a digital asset then bitcoin is much better. gold becomes valuable because it has a physical element that we can hold. but if we don't hold the gold physically then it's a big risk.

I agree, if you compare gold and deposits, it is clear that gold is more productive and can be used as an attractive investment for a long time, because deposits only rely on bank interest, which is not greater than savings interest. but if it's even better, of course for the long term, it's willing to invest in bitcoin, because for the same long period of time, bitcoin will be more profitable than gold.
once again deposits are not bad but for profit not too good than gold.

Gold is long term money, you cannot really pay bills in gold.  Also the variance of gold price can be upto 50% decline in a year which would make it appear worse the inflation losses to currency at times.  Gold might well be superior to cash but also its been held back in its liquidity by the modern system of exchange based around government promissory notes.
   Ideally for gold buying you say to yourself do I want to hold and retain this gold for a decade, till 2033 am I comfortable holding this elemental asset regardless of price.   The price can go and do whatever, you will keep that same amount of gold which is its strength and drawback in that it has no yield.  So the very hard questions is required to limit your aspirations, dont over speculate dont hold a hard asset when you require liquidity in your ability to pay cash bills regularly.
  The basic rule of course is never more then 10% of your total wealth should be gold, its risky otherwise which is the opposite of why to buy gold hence dont.  You must continue to have cash and gold for now.

Gold and fiat money are clearly different and certainly in this case physical gold is much better than fiat money that can be stored in a bank. The reason is very logical, that Gold has the potential to increase while fiat money has no potential that can be expected except to only store temporary value. In terms of saving, actually I would also recommend both of them to everyone who wants to save because fiat money will not hurt to save either.

But if you want to choose one of these two options, of course Gold is a very good choice over fiat money because Gold can be used as a future investment asset as well as being a store of value. So this is of course more favored by Gold so that it would not be wrong for everyone to continue to see Gold as an investment asset in physical form apart from their investment assets in cryptocurrencies which do not have a physical form.

And gold can change at any time and the price can go up and vice versa, and the price of gold is influenced by supply and demand for gold, international trade relations. But in the long term, gold can provide very profitable returns, depending on your patience to wait.

and while Deposit, will guarantee constant returns to users depending on the amount you deposit and remain neutral to any external factors.

and when gold is compared to bitcoin, clearly bitcoin is much better, especially in the long term.

Well, if you can completely do away with a savings account in a bank, avoid it. But where would you keep your money for emergencies and other future expenses? You can have a fault in your house, yeah, but can you access it from everywhere like when you are traveling?

I'm saying it's almost impossible to totally detach ourselves from banks. Even those who are against the banks probably have bank accounts. So it's probably best to maintain one but keep only a small amount.

If you are saving a huge amount, however, that is not intended for something else, you better save in gold or real estate or Bitcoin.  

For now, it seems that keeping savings in a bank is no longer a way to have a lot of money because the interest from the bank is less than the fees that must be paid each month. Unless you have a lot of money, it may make sense to earn more interest than the costs. So the money you want to save in the bank should be used to buy gold because it can provide more benefits in the future than keeping money in the bank. And besides gold, we are now familiar with bitcoin, which can also be used to store the value of the money we have where the return that Bitcoin can give can be greater than our profit compared to saving gold. But people who are used to saving gold will still choose gold over bitcoin because they can see the physicality of the gold. It's just a matter of individual choice and it's okay if they prefer to store gold over bitcoin.

This is well said, the two options for us is more like different things to invest or save money. Bank are more like you could easily withdraw money as long as you have the savings in your bank account. While for golds if you won't need the money for long then it would be the best to put your money in investment with gold since we all know that gold in a long time would worth a lot. Banks give people convenience to have money everywhere since you can still withdraw in other ATM machine even though there's a fee. And golds give people a good investment since there's a lack of supply of gold that will increase it's value in years.

I'll go for gold rather than saving my money in banks. Because gold is a good investment, the price is consistently increasing, though the progress is not that fast and it can take months or years. On the other side, yes there's a risk if you save in bank and the common is, the possibility to go bankrupt during inflation. But you don't have to completely get rid of saving in banks. We still need it since it is accessible especially for emergencies hence it would be wise to still have an account. However, take a precaution of not putting a huge money.

Anyway aside from gold, you can invest in Bitcoin (as others have said already) because diversifying is better since it can minimize the risk and can improve your profit.

Gold is the good option as long as you can get it physically and hold it. For example it is quite hard to buy gold for, for example, $1234, you can only buy it form of ingots for specific price. But it is easy to deposit any amount to bank account.

A lot of people choose gold, but keep it in their banks safety boxes, or buy $1234 worth of gold in bank online, which is imo similar to buying virtual gold, virtual asset. That isnt much different from keeping fiat money in bank. Because in case bank goes bankrupt, it wont issue you $1234 worth gold ingot or give access to safety box, as it will be under arrest or investigation and wait for commands from liquidator.

Until now I have never bought gold in large quantities, this is because I prefer other types of investment, for example stocks or property, in my opinion gold investment must be supported by good security, people deposit gold in banks with fees that can reach 1% per year and in my opinion is the wrong thing, it's better to buy a special safe to store gold.

Deposits in banks or gold? Try it on gold instead of depositing it in a bank.
Making deposits at a bank has certain rules that must be complied with by customers.
For me, it's better if we stay away from so-called banks and buying gold can be an alternative investment.

Why not invest in Bitcoin to protect your savings.
Investing in Bitcon is not complicated or foolproof. Moreover, at this time the price of Bitcoin is experiencing a decline in price.
By investing in Bitcoin, we only need to properly secure the seed phrase or private key as access to the wallet where we store the assets.
In terms of returns, Bitcoin is bigger than gold.

We only suggest. The decision rests with the OP himself.

inflation become higher sometimes due to the harsh situations of countries so in that situations saving your money in bank is full of hazards so its important to avoid losing money by removing your money from bank. So I think that whenever a person want to save his money he should select gold which cannot go completely down in value.

A person cannot saved all amount of money with him due to robbery but he can save by investing that money in some business but for that business experience is necessary. Buying gold is the only way that doesn't require any experience and you will not face too much losses but instead you will enhances your money year by year.

you are right. I also said that before that it is best to store gold in a safe or in a locker instead of depositing them in bank. that's much more secure and convenient as well because you could be able to take your gold anytime you want.. in banks there are many long procedures for that.

Gold also have the risk of robbery bro. you can't say buying gold is 100% safe. there will always be the tension of getting robbed.

If you want to buy gold, it would make more sense if you get it physically and keep it in a safe place yourself. Papers issued on reserves of gold are prone to scams or corruption by the issuing entity, they could emit more paper than gold in their reserves.

Self custody is the key word, that is why I like Bitcoin and cryptocurrency in general.

Also, if you ever want to adquiere gold, please do it from highly reputable vendors. It is not a secret there are scammers who sell tungsten bars painted golden.  :P

Right now, instead of keeping my money in banks I rather put it in Binance or any trusted wallet but I scatter it I mean I will not put big amount of money I just 1 wallet, I will just make sure that these wallet has multiple factor authentication that cannot be hack so easily. You can also try to put something in earn program of binance so that your money will grow little by little if you want.

Different people has different method of investments in order to fight against inflation. But personally, I'm not a fan of buying gold. I have never even bought gold, because I do not believe it to be an absolute hedge against inflation. I rather go with Bitcoin. Bitcoin investment is something that I can control and be able to sell whenever the market is going against me very easily. Apart from Bitcoin Investments, real estate is another aspects of diversification. However, this does not mean that gold is not among the best to fight inflation. But I am not a fan of buying it, unless I want to have it as a jewelry, which is not among my plans for now.

I think it is understandable that you want to buy gold in this inflationary economic period because gold is a stable economic investment channel and is anti-inflation. And if you want to save money in a bank, I don't think you should really trust the current banking system. Instead, you can learn about bitcoin and invest in it over the long term as an asset class. Although not yet released in many countries, with admirable development, this is a promising asset class for the future. Of course, there are still some risks, but they always come with commensurate returns.

It is better to invest in gold, the banks will now burst and the solid will remain, although there are deposits that can be guaranteed to quickly receive income.

Invest in Gold but not at once and also not the complete amount you have in liquid. Keep some liquid funds in your bank account or do some deposits with an easy withdrawal option. But good returns will be from the Gold investment. You can also try Silver because it is giving good returns and also it keeps the potential to give a good return in the future.

investing in gold is better than deposits in banks, especially now that during the inflation period there are many bankrupt banks, it is unlikely that deposit funds that have not matured will be paid by the bank,
If you are in this forum, you must have read about alternatives to saving in banks and gold. You can also save your funds in crypto, but in saving in crypto, we have to be right in choosing what coins we will invest in.

Bank Deposit or Bank FD are not profitable now.  Because the bank gives a maximum interest of 4-7% but every year the price of goods in the country is increasing at a higher rate, so if you keep money in the bank, the value of the money is decreasing. so now the best plan is to invest in a strong and valuable asset like gold, land etc. these will hold the value of money. If we focus on digital assets, then Bitcoin is also a solid investment asset. Here too some money can be invested.

Everybody has a choice, but sometimes the choice of every individual is still what can be problematic at times. Let me give you an example: imagine you have gold that is worth about $20,000, and you sold the gold and deposited the money in the bank because you thought that it was safer to keep your money in the bank than secure the gold yourself. After you have done that, let's say in the next five years, the gold you sold for $20k increases to $45k, which means that while the money you deposited in that bank has only yielded 50% and the things you want to spend that money on might have gone up in price by about 10%, you will definitely spend all that money, and it will not even look as if you had any interest on that money you deposited because inflation will go high and the purchasing power of the money will also reduce so badly. So at that point, you would wish to keep your money in gold since it also generates value as time passes.

Yes that is true, is a comfortable feeling when investing in the emas then we keep it in the safe kit itself, but I think it will be very dangerous if there are family members who know besides people we can trust such wives, especially if we know that we have Gold in a safe at home, it will cause excessive anxiety while on vacation. 1% maintenance costs in the bank are burdensome to us too, because from what is benefited from gold sometimes in a matter of years can be with the same value, but to withstand the value of inflation is the right choice.

It might be a pretty good alternative choice, where we can staking our crypto and earn income from the crypto that we stake, with a fairly calculated, and capital gain when the crypto that we stake has increased in price.

Well gold is a better option especially if you are into  long term holding;rate of increase is higher which will basically generate profit but this is only if you can provide the security to your asset. The advantage of bank is them handling your money for you and that includes securing your funds. Unlike with investments such as gold, you are the one responible for it whether its price would fall or lost assets. Therefore it is a matter of preference.
I agree, the increase with the depositied value is not catching with the faster rate of increase on the price of marketable goods. Therefore, it is just more of ystematic way of saving. Banks would also imply taxes with transactions which is a disadvantage from choosing a profitable asset.

In my mind the best choice will be gold but if your are in favor of long term investment because there is no affect on price of gold due to inflation and the reason is fixed supply, also with time to time it's prices increase slowly but steady. While on the other side in current time deposit in centralized bank will be risky because of bankruptcy cases of few big names banks like silicone valley bank and many more, and also devaluation of deposit currency in bank damage your portfolio.
But you can invest small amount in any other small business to get instant and quick profit because profit from gold will take time..

There are many problem in Bank i think in this economic situation. Although investment in Gold is better than Bank investment. But i think In Bitcoin investment is best.

I think If you invest in cryptocurrency Like Bitcoin it will give you good return from Bank or gold. Now Bitcoin price is very low. If you invest in Bitcoin, when will start bull market then it will give minimum 2x-3x profit there has no doubt. So i tell you you can invest in gold from band otherwise you can invest in Bitcoin. 

deposit money in bank as well as gold both are beneficial and both have some sort of risks so if you want to be successful you should avoid the risk because there is no any field of saving money which has zero percent risk. Although the risk with gold is not such high because I have experienced that gold never make its investor unhappy and hopeless because when I was 14 years old that time the price of gold was 20k something but now as numerous years passed so we can see that it does not come back to 20k but instead it goes higher and higher so just choose gold instead of saving money in bank.

If two choices are faced by me then gold is the choice, there is a basis why gold is the best choice compared to deposits. In the case of security and maintaining the value of money that we have deposits do not offer a better choice, for example a bank bankruptcy occurs and the value of the currency is depreciating day by day. Gold played an important role during its heyday, where the ancients used gold as a transaction tool and the advantage was that the value of gold did not depreciate. While deposits are products issued by banks, you rely entirely on a centralized system whose security we cannot guarantee in the long term.

The right choice is choosing gold to save and you don't have to worry about the value depreciating at any time, even though talking about profits may not be the same in a short time. If you want to be safer, you don't need to buy gold at a bank and follow their system, gold can be purchased individually at a place that sells it and you can safely store it yourself.

I have always thought that deposits and gold are different. Deposits are parking funds that will be used, while gold is a fixed asset. Or in short, deposits are capital, while gold is an asset. This is a personal financial perspective.

Both are actually detrimental for those who want to think far ahead.
Deposits, the tax is very large, namely 20%.
Gold is also a very large purchase and sale tax.
If we borrow from a non-subsidized bank, we are subject to interest of 19% per year, while deposits are only given 3% interest after deducting taxes.

If we have an Entrepreneurial mentality, it would be nice not to buy gold for our capital and not for our capital to be deposited.
You may set aside some of your business profits to buy gold and for deposits. But here I suggest for Bitcoin Investment.

There is no single asset that can beat inflation except bitcoin. IMO
That's where our brains have to work extra, forget about assets before we have some profits to buy them.
remember..
Use our assets that produce and grow in times of inflation.

Investing in gold is more recommended than saving bank money, investing in gold is very profitable every year because the price always increases and the risk is low for investment, even though the economy is experiencing international inflation, the price of gold has remained stable until now, but if you save money it will impact the value of the currency. low the impact of inflation that is being experienced in each country.

We can diversify assets for investing in gold and bitcoin, both are a good combination to minimize losses if the price of bitcoin falls during a bearish market, then the profit from gold will cover the losses from investing in crypto and will generate high profits if the prices of both assets experience high increases, so there must be balancing assets from gold investments to cover high losses if bitcoin price has dropped significantly

You are on bitcointalk.org & you are asking if it’s best to save money in good or your fiat bank?

Seriously, dude what is wrong with your line of thinking?

The answer to your question is neither, deposits in the bank go there to die via inflation & gold is an extinct investment. Save your money in bitcoin, the best performing inflation hedge of the last decade.

I think you can't compete with the inflation happening over and over with bank deposits. Because the interset they give you is very low compared to what you can earn with it. And as you mentioned, the fact about banks going bankrupt. It is never a good idea when it comes to make a savings by depositing in banks. Gold is a good idea, but it takes so much time to get its value up. But given the time period and price, the profit can't be that much. In gold investing, it takes patience and will to hold for a long time. So why not invest in Bitcoin instead? I am not saying you should do it right away. Do your research before you do. In the end, it's your money, so use it as you want.
The best thing about Bitcoin is that, it can give you a lot in return in profit which golds can't. But you need to know about market volatility. So my pov.
Bitcoin= good profits in the long run, but includes risks.
Gold= Return is not much acceptable given the fact that you're also spending almost the same amount of time as bitcoin but the return is so small. But this is the safest bet to me to hold cash/invest.

The problem with security of the bank vs the gold is that the most common storage of bigger amounts of gold is within the vault of a different kind of bank able to store gold, silver and all the precious traded metals.    That security and ease of access could be equal in both cases, gold price moving around so much could cause upset and mean pressure of the vault to comply with new laws that cause their customers problems.  For example from my own experience I have had gold withheld that I owned from September to March before I was allowed to access it, if I had been especially desperate for liquidity that would have caused me great trouble.   The gold was fine in theory but theres always paperwork whatever you own it seems, someone wants to double check everything and it can take forever it seems a problem all assets have.

Well that's right. Because basically the value of gold remains the same from year to year. what makes it look more expensive is because there is a decrease in the value of the currency itself which is affected by inflation from year to year.

So keeping savings in the form of gold is indeed the wisest step that can be taken. Because gold has been proven to be able to maintain its value.

Although bitcoin's returns outperform gold, it still has certain risks, such as high volatility or its future being as uncertain as gold's, so asset diversification is essential. Don't just focus all assets on bitcoin, when investing we need to calculate the risks encountered, not just think about the profit.
Many people here don't like gold simply because gold is not too volatile and doesn't give them much return, but they forget that high return comes with high risk, bitcoin is not as perfect as many think.

What's wrong with this question? Yes, this is a bitcoin, cryptocurrency forum, but there is no rule that prohibits us from discussing things that are not bitcoin or crypto-related. Moreover, we're on the economics board of the forum, and this kind of question fits perfectly here.

Are you sure bitcoin is the best hedge against inflation in the last decade? What is happening to you if you invested bitcoin at $69k and now your asset is not eaten away by inflation from 1% or 5% of its value, but your wealth is losing more than 50% value? In the long run, bitcoin can be a perfect hedge against inflation, but in the short term, I am not sure about that. Gold is no longer good for you, but to the world, it is still the best and most trusted store of value in the world.

 
Protecting our money against inflation is one of the most important challenges we face today. In many countries we have inflation rates of 7-10% for more than a year. There are a few ways how as can try and save the value of our money. Depending on the country you live in I wouldn't worry so much about bank insolvency, because our deposits are usually guarantees by the government. If you hold debt or equity of the bank I would worry more. When buying gold there are two ways to do it, physical and synthetic. If you want real gold than the bank will put it in a vault and it's also protected from a bankruptcy, but you have to pay storage fees. Much cheaper is to buy an ETC, that gives you the return of the gold price, without actually owning any. The question is if the return on your bank deposit or gold holdings is going to be enough to offset the inflation rates. In my opinion it would be better to invest in crypto currencies.

if I choose, I prefer to save gold. but deposits are not too bad if we as business people take advantage of the deposit industry. I think if we are a businessman it is suitable for deposits, but if thinking for a very long term, gold is still the best. I saved gold first but if in the future there is more money the deposit is not bad.

I am not in any way advocating depositing money in the bank. as the value of the money kept in the bank decreases, there is also a lot of risk because there is a possibility of losing the money if the bank somehow goes bankrupt. But on the other hand, if you invest money in gold, the value of the money will be right and the risk here is very less. So if you compare bank and gold then it is better to invest in gold.  But if you plan to make more profit then Bitcoin can be applicable but there is high risk here

Inflation can erode the value of savings over time, so it's important to find ways to protect your savings from inflation. While banks do provide deposit options, as you mentioned, it's also true that they can go bankrupt. It's worth noting that in many countries, bank deposits are insured by the government up to a certain amount, so it's important to check what kind of deposit insurance is available in your region

those who invested in gold 20 years ago and kept them until today those people are really fortunate but for now we don't know if gold price will go that much high like it did in past or not.. god price is still slowly increasing but not as much as it used to increase before..
Gold is good if someone is planning to go long term like for maybe 20 years. if  you can buy gold now and keep them for 20 years you might end up in profit.

While it is possible to purchase gold through a bank, there are also other ways to invest in gold, such as through exchange-traded funds (ETFs) or physical gold bullion. When investing in physical gold, it's important to consider storage and insurance costs, as well as the potential for fluctuations in the price of gold.

It's also worth noting that while gold may be a good option for protecting against inflation, it may not necessarily generate interest in the same way that bank deposits do. However, the potential for capital appreciation over the long term may offset the lack of interest income.

Ultimately, the decision of where to invest savings depends on an individual's specific financial situation and goals. It's important to do thorough research and seek professional advice before making any investment decisions

Not really, I mean it has some of the qualities Bitcoin has but it can be confiscated, it's a nightmare to store and transport. And you're right, Bitcoin is volatile short-term, but if we zoom out it only offers gains to long-term hodlers. And if the OP was asking about deposits he most probably is intending to keep his investment for some longer period of time.

Putting money everywhere is risky, putting it in a bank or even buying gold as investment or crypto is risky but it is normal because you put your money in others hand to earn interest and earn, for me investing gold or crypto is the best option it is also risky but if you are lucky you can get a big return from the money you capital in buying it than putting it in a bank.

It seems to me that deposits in banks do not save even from inflation, and when you bring gold to the bank for sale, you may be required to have many different income documents, and you will have to sell gold cheaper to private buyers. Cryptocurrencies also have a lot of risks, but then buying real estate can become a more acceptable option for preserving wealth

Silver might provide good returns as well but Gold seems to be a better investment for the long run due to the lower risk factor and it is also more valuable and unique than Silver and we all know what happens when something has a limited supply and a very high demand, Bitcoin is a live example of that in front of us.

One can also invest in real estate if they have enough liquid to spend after buying Gold and Silver, real estate is a great investment for the long run considering the prices of properties keep increasing almost every month in any part of the world.

Silver is industrial, mined alongside lead it often performs like its not a precious metal but they need it for things like Solar panels as it performs better then any other metal in some ways apparently.   However the extremes are even greater then gold which means its not for the light weights who might be tempted to sell on weakness because silver is often weak from what I've seen.   Its also true that the speculative profits from silver is far greater then gold, it can spike and surprise 99% of the market when it does.
   If I'm looking at a silver mine or silver mine owner I want to know how they will survive, do they mine copper and gold too because thats probably what they need to not run out of money while waiting for the long game appreciation.  I wish we still had silver coins, they are anti bacterial and actually make sense but my way to collect silver would be buying old cutlery (its unpopular now) or something  basic like that not big money for me outside of that prior idea I mention of diversity.

Commodity markets, supply demand volatility and speculative swings is how I view BTC which is why I think of them all as related tbh.

That is not how bank work and that is not how bankrupcy result. If a bank announce today that they are filling for brankrupcy, it means that their debt is more than what they can handle, their total reserve cannot settle the debts and customers they owe, so when they fill for that, all customers must be ready to take their losses, the customers may not or may have some money back, depends on the condition of the bank prior to when they announced the bankrupcy. Whether you deposit fiat or gold, it doesn't matter, gold will not protect you anytime there bankrupcy; a word of advice, avoid the bank if you can do it.

if it's for investment i'd say gold is far better than silver, even though i may be biased but we all know that gold known for its capability of storing its value and the fact that there are many religion faith revolving around gold just add the strength of the gold containing the inflation basically going up against the inflation that eats up our wealth.
if it's for the sake of investing simplicity, investing in real estate seems like really complicated for the fact that liquidity isn't always there, investing in real estate like investing in NFT but with more utility, it's unique asset that you invested which have really low liquidity, even you'll take long time before you could sold real estate at deserved price.

Just go back to what the initial option, gold or bank deposit, because silver is not profitable enough than gold. if anyone should choose between silver and gold, i am sure that gold will be chosen. so, the Original Poster needs liquid storage in bank and stable investment like gold. I think OP should make an proportion such as 30% on bank Deposit then 70% on Gold investment. 

Thanks for the answer, I decided to invest more in bitcoin than I had planned. Perhaps I will put some part on gold, but here, too, the earnings ratio is questionable.

How much gold do you plan to buy? Think that if you buy small amounts you will pay a huge premium. With bitcoin you will pay less buying and selling commissions.

In a recent survey, real estate was considered the safest and most invested asset by investors in the world. But nothing is perfect or absolutely safe, real estate will also become worthless when the country has wars, natural disasters, floods...It can be said that everything has its risks, and we need to accept if that happens to us, and diversification is the best way to limit risks and maximize profits. If you have a lot of money, invest in all 3 gold, bitcoin, real estate, if you don't have too much gold and bitcoin should be an option. Limit the amount of money deposited in banks.

This 2 shouldn't even sit on the same table not to talk of being compared, gold is by far a better option than storing your value in a bank, banks don't give interest, they'd rather take from you than give you but investing in gold, you have the opportunity of making more money as the value of gold appreciate alot of times.

My opinion

Of course, that is already a given.

And yes, the inflation rate vs the interest rate that we usually see banks offering nowadays makes putting your money on banks not that appealing. Which makes diversifying your investments is a better choice and putting some into gold is one of them. But the thing is, on a daily basis, it is pretty difficult to use gold in exchange for necessities and services that we need. And the same thing goes for emergencies that requires you to have money to spend fast. Which is why I told OP to "just keep an amount that is enough for you to use in your daily life plus emergencies on bank accounts and keep the rest on investments like gold, silver etc."

Yes the risk is everywhere, we should not be thinking of it as such to avoid stopping us from pursuing our goal. Money is made every day and the high mind of risk for investment will put investors into many gains. Those who will have their long term investment plan on gold and bitcoin can not lose in the end, the best of the two has not been seen, people will continue to pump their money. The two are therefore good for the reason that there will be time when money will be taken from gold to bitcoin and from bitcoin to gold. Some kind of adjustment in price favors may happen and will be shifting the price of the two. By possessing the two together, the risk will be less and profit will be made in the future for sure.

Real estate is better to buy where there is no war, natural disasters, floods. When the war starts, it will be difficult for you to transport gold to another country, or leave early, but still it is difficult to transport a lot of gold through customs control. Bitcoins will be a good way to transfer property across the border.But buying cryptocurrencies can be difficult.

I don't get it, why is it so difficult to buy crypto? As far as I know, most of the governments have become more crypto-friendly than in previous years, they are no longer banning it but instead adopting it with some regulation attached. There are only a few countries that are still extreme with crypto, but I also don't see many people having trouble buying bitcoin or crypto while in those countries. The only downside I see with crypto is its volatility and that's why it's still considered a riskier asset than gold or real estate. But in terms of investment, the higher the risk, the higher the return.

There are several differences between depositing in a bank account or buying gold, but both represent an effective method of safe saving if we take into account that the gold will be deposited in a safe place after purchasing it. These differences can be summed up in some points : It must be admitted that saving in banks is usually considered safer. Where the funds are kept in bank accounts that are legally protected and guaranteed by the financial authorities of the authorities of the country in which the bank is active, which proves that they are subject to protection and monitoring procedures on a regular and official basis as well. He added that individuals can benefit from interest on their deposits in banks, at the same time that buying gold is a riskier investment, since its value is directly affected by fluctuations in the precious metals market, in addition to economic and geopolitical factors.

But, what is the difference between the two? I know binance is mostly crypto based but both of them are still centralized so your money was still not safe in binance. Other than that, you aren't still immune to inflation if you don't convert your fiat to crypto.

Better if you do it and then transfer it to a trusted wallet where you own your private keys but that's right don't put most money in one source so that you still have something left once something bad happen to one of them. In the op's question, of course I will go for the gold but as long as I will hold the gold because some gold investment can be owned by a bank or the government.

There are several ways to invest in gold. 

The first option is to buy jewelry.  In my opinion, this is not a very good way to invest in gold, since jewelry is made from low-carat gold (gold is mixed with other, cheaper metals). 

The second option is to buy investment gold coins in a bank.  Investment coins usually do not have a collection value, they are made of high-quality gold.  Usually they are not subject to VAT.  At the same time, commercial banks very often set a high spread on them between the purchase and sale prices. 

The third option is to buy gold bars in the bank.  A gold bar is gold of a very high standard.  It must be handled very carefully, because gold is a very soft metal and can be easily scratched. 

The fourth option is to open an unallocated metal account in a commercial bank.  This is a deposit account denominated not in fiat currency, but in grams of the precious metal.  The deposit on such an account usually does not accrue interest.

For anyone who has been watching gold over the years, it can be such an erratic way to store value and it's pure random luck what's happening when you want to sell. In good economic times, money can often pour out of gold because it doesn't give a regular return (you're just hoping you can sell it higher after you buy it). In bad times, the big money has often already moved into it long before and the average investor is usually very late to the party so will be lucky not to lose a chunk of their investment in the waves of boom and bust. If you like it because it's shiny and you have plenty of spare money around, it is a perfectly fine investment but you should limit it to 5-10% of your assets (maybe having a crypto amount within that total too)

To save your savings, it is the best way to don't hold the money in your bank account and it is obviously make a good sense to buy gold for protect your wealth from the inflation and the bankruptcy. In this case, buying gold is a good decision, and if you have more funds, then buying lands property is not bad. In my opinion, these two things never decrease in price, as time goes by, they will increase in price. Moreover, Bitcoin is there for long term holding, if you cannot provide enough security to protect storing gold, then Bitcoin will not be bad for holding.

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Buying gold by jewelry will not be a wise decision I think it will be foolish decision and the some causes are already mentioned by you . Even then in my country when you are going to buy a gold jewelry, the jewelery shop will keep the current price of gold from you. But if you wanna sell them then the price of those jewelries will decrease by about 10 to 20% or more. So it would be better to keep your funds in the bank rather than protecting your savings against inflation by buying jewellery.

if you will store some cryptocurrencies, better be it noncustodial so you have full control with your coins, don't store in exchanges even if it is the top exchange like binance. however, as everyone is saying, diversify your portfolio, don't go all in in crypto. you can very well hold some gold in the form of jewelries. you don't need to store such bullions and bullions of gold. gold jewelries come in handy in my opinion. and quite easy to keep safe in your vaults at home.

Thanks for the answer, it's really worth considering the option of mixed investments.

I agreed I would rather place my money into gold rather than deposits into bank, I know that some people will said that gold is high volatility but that is the main source of the double-digit APY  ;D
And if we buy gold I think it would be more liquid than the locked deposit that is offered by a bank. You buy and hold when you need money just sell with no waiting time.

In the future, it is better to combine gold deposits. But it is better to invest in bitcoin or alcoin, study this topic, it now brings passive income to many, yes there are the same risks, but they are much less. A couple of hours a day and you can grow into a good profit.

If we have a lot of money of course we have to divide it into many places, don't just rely on one place to save because if there is a problem then we will lose it all, saving money in gold is a good thing because the value of gold always increases and gold is always the standard in determines whether the price will increase or not.

there is always the best from an investment, but combining the two (crypto, gold) is of course also very good, so I really agree that if you have more funds, it is better to invest in several types of investments because it reduces the risk if there is an anticipation error. but if funds are limited then I am more focused on investing in crypto (bitcoin, eth, bnb). Of course it is very interesting and ensures that in the long term it will always be profitable, but you have to be wise when you get immediate profits to release and buy back when the price is corrected.

Yes, it's true, this is one of the reasons why I chose to buy gold instead of depositing it in a bank. because of the liquidity advantage of gold we can buy and sell it relatively quickly, when we need money. For future savings, it's better to buy gold (long-term future savings, a minimum of 10 years is taken) for an emergency fund, it's better to have cash for the remaining 6 months of living expenses in the bank. This is what I've been doing all this time. Don't mess with funds for business + business development. be a smooth business + have future savings + have an emergency fund. Of course if we have more money, we can buy bitcoins to add to our long term investment in the future.

The bank said that interest is accrued only later on resale. So I can't make a profit in a month and take it away. Therefore, this option is questionable, it will take a long time to wait for income. It's not convenient and the course jumps, it's unrealistic to guess how much it will be even in a year.

The top priority is to first deposit in Bitcoin, followed by depositing in Gold, and lastly depositing in a bank.

Bitcoin has a very limited supply and is still in its early stages of development. This undoubtedly holds great potential for your assets to grow when retirement comes knocking.

Gold, although resilient against inflation, is quite traditional. Its use is inflexible, requiring more effort to secure large quantities of it.

Banks possess a ruthless ability to create money. Not in the literal sense of printing paper bills, but rather by playing the role of a third party in the marketplace of debts and credits. Inflation is an inevitable outcome of saving in a bank, as paper currency constantly loses its strength.

The idea common to all 3 ideas is security and the hanging question is what happens when governments with too much debt have a crisis or lack ability to support themselves.  Currently they use inflation and money printing but that wont always work so then comes direct confiscation or orders to buy government debt no matter your personal wishes.    Unfortunately gold when owned in a vault is as vulnerable as paper money to being forced into this redirection to the greater good and to the savers detriment.
  Bitcoin exists because QE is likely to fall over and be seen as failure, what happens when the taps are turned off on easy money and value is found lost.

Why favor bitcoin when it is the riskiest of the 3 assets you mentioned? Should we save first, or should we invest first? While investment does not mean it will always generate profit. Bitcoin is a very volatile investment, so don't prioritize it, you need some savings first. Don't forget, when investing in bitcoin should only invest with money that can be lost, you should not invest with money that can't be lost and affect your life. In my opinion, we should choose the safe option of saving, so we should prioritize first and then think about investment.

Yes, the choice between depositing savings and buying some gold is a decision that should be considered especially when inflation is taking place. indeed a good deposit but the risk of bankruptcy also cannot be ignored even though there is a guarantor institution like you say. Well, if you intend to buy gold from a bank, first you have to identify it first and then ask about the buying process and usually they offer gold in various forms including coins or bars but for added value for customer interest is not given from the bank.

If I have more funds that don't interfere with daily expenses. I will save everything to BTC for 10 years with the intention that this is my deposit and gold for the next 10 years. Maybe not much different, I think.

I want to invest in gold so that I can withdraw them at any time. With bitcoin, there are difficulties with withdrawing money urgently (if there is such a case). Yes, gold is a hard metal, but how it behaves at the moment. Does inflation rise or fall with surges?

The most reliable is bitcoin. But if we consider the contribution and gold, then of course gold. Gold grows at any time, it has a minimal rollback, but still you will get a profit. If you consider to earn income, buy Bitcoin after all.

Nowadays, keeping money in banks is very risky because nowadays various banks have gone bankrupt due to loans. So if you keep money in the bank in this situation, there will be a lot of financial risk. Since it is not safe for people to keep money in the bank now, many people are trying to save their money by buying various things. In that case gold can be a good decision. But investing in gold has a very low chance of growth, so if you can buy and hold Bitcoin instead of gold, there is a chance of making a profit as you save money in the future. Many people currently hold their bitcoins in hardware wallets rather than bank money.

Whatever you do don't diversify! Do NOT keep some cash, gold and silver on hand. Do not maintain BTC as a percentage of your portfolio. Identify through emotion the one of these that is going ot make it big and if you don't do it now you will miss out. Take that ONE and go all in on it! Spend countless hours constantly checking on the sure thing. Enjoy restless nights knowing you did the right thing.

Go big!

I know we are on the bitcoin forum, and there are a lot of bitcoinists. But to be fair, investing in bitcoin also has certain risks, it is not absolutely safe. Therefore, when comparing or giving advice to someone, we need to tell the truth and be complete. I just saw you talking about the collapse of banks and the slow rise in gold prices, and I didn't see you mention any downside of bitcoin. Is Bitcoin perfect and without any downsides? Is that fair? Everything is risky and nothing is perfect, buddy.

Choose Bitcoin if it aligns with your risk profile. Each of us has a unique risk profile in life. Placing Bitcoin as a priority means considering it as a mandatory investment instrument. The of money you allocate to Bitcoin varies amount depending on your condition. You don't economic power and financial have to put a significant portion of your money into Bitcoin, but prioritize making even a small investment in Bitcoin.

Surely, you understand that keeping money in a bank will only cause its value is due to to decline. This the crazy inflation of fiat currency. An example is in the US, where back in 2010, you could rent an apartment for $1500, but now the rental price has risen to $2300. Saving in a bank will only decrease the value of your money. And to purchase goods at a later time, you will need extra money.

You are right, now keeping money in the bank comes with certain risks. One of the risks of a bank going bankrupt remains and is now a frequent occurrence. For this reason, I think investing in gold is the right choice because it can be a good alternative in dealing with inflation. Apart from that, we also know very well that Gold has been known as a reliable store of value for centuries. The value of gold is always stable, even increasing over time. so, I think Gold is a safe asset in the long term.

Since the OP asked about planning for savings in times of inflation, I'd suggest diversifying and considering different options. You can consider dividing your finances, you can bank savings for daily needs, besides that you can invest in bitcoin too but still according to your long term goals.

Not keeping all our investments in one basket is highly recommended. And if it's to maintain the value of our assets then saving in gold is the right thing. but if we want the value of our assets to continue to grow. then investing in something else is the best. One of them is in bitcoin and property. But I'm not sure about altcoins. Because there are too many risks that altcoins have. unless we only go in for short-term investments and by going through a more thorough analysis therein. But if it's about the long term then investing in Bitcoin is certainly more potentially and safer than altcoins. But if it's only to save and maintain the value of our savings then of course gold is what I also choose at this time. Because inflation doesn't really have an impact on gold. and it has been proven over the decades that the value of gold has not changed much from year to year even during the most recent economic crises in history. Gold is always an option.

did you not want add another option like bitcoin lol

^{[between gold and bank deposits]} --why do have to invest in something that can be continuously printed by the government like fiat currency, imo saving paper money is ridiculous, the thing that keeps happening is losing value over the years, and also the result of inflation.  while gold, well the amount is limited and the circulation of money there is quite fast, apart from that the majority of people still really love gold even gold is still the primadonna for women, this is what makes gold quite immune to inflation.  i invested in gold before getting to know bitcoin and when i got to know bitcoin i invested 60% in bitcoin : 40% in gold.

I wouldn't say they "often" go bankrupt. But where are you buying your gold? Are you going to store physical gold with certificates? Are you storing it in your home? Are you going to buy a safe or how are you keeping it secure? You can't really store it in bank, like you said, you are afraid that they are going bankrupt. If you are buying commodities from stock exchanges? What if those exchanges go bankrupt?

Imho you can't really live your life scared that banks will fall. And why not buy bitcoin instead? That's more liquid to get rid off and easier to store.

Rather than investing into fiat, it is good choice to go with gold. Throughout history the importance of gold can be seen and the goodness relies on how we make use of it. Women love gold and the same serves as an investment. This is two in one against the inflated fiat. I should've invested in bitcoin, but my major investments were on gold. This is all because of the choice of using it as collateral to get loans when there is an immediate need for money.

I'm not saying we should put all our money in the bank, and I'm not saying we shouldn't invest in bitcoin either. What I want to say is which one should be prioritized first, and I don't think it's a good idea to prioritize money to invest in bitcoin while you don't have any savings or reserves yet. From what you say, it sounds like you are pretty sure about the future of bitcoin, and you always put bitcoin first. If so, why don't you borrow money to invest and sell real assets to invest in bitcoin? Because if you can be sure that bitcoin can make big profits and make you rich, then bank interest is nothing to you.

For me, I need money to deal with my daily needs, need to have a reserve for emergencies...when I have those funds, I will think about investing. Investment is important because only it gives us the opportunity to change our lives, but the family's living needs are still first, I can't let my children go hungry and use that money to invest.

It seems you may have missed the point I was trying to convey earlier. Allow me to provide a more easily understandable example for a high school student, even though you are certainly mature enough to comprehend this sentence. I hope you don't mind this simplified explanation.

Imagine receiving a monthly salary of USD $4000 at the beginning of each month. Now, you may be uncertain about how to utilize your earnings. Remember, it is essential to allocate funds for basic needs before considering investments. I believe that allocating USD $3000 per month should be sufficient to cover your living expenses until the next paycheck. This includes rent payments, utility bills, transportation, insurance, food, entertainment, credit card installments, and other essential needs.

You can keep the allocated salary in a bank that provides ATM services or an online banking application. This will facilitate your day-to-day transactions.

Now, you have USD $1000 left, which can be invested. As I mentioned before, consider investing in Bitcoin while taking into account your personal risk tolerance. You don't have to spend the entire amount on Bitcoin. You can allocate 50% or even 25%, depending on your current financial situation. The remaining portion can be used to purchase gold. I do not recommend depositing it in a bank's fixed deposit account if the amount is small, as the interest rate on fixed deposits is usually around 5% per year. Even if you have a deposit of USD $100,000, the bank would only pay you approximately USD $5000 in one year, which is not significantly different from your monthly salary.

I do not possess such disposition in my lifestyle. It is deemed imprudent and carries excessive risk. Even for those who harbor unwavering confidence in Bitcoin, the future remains unpredictable. Therefore, refrain from entrusting the entirety of your wealth in something uncertain. Allocate your resources according to your capabilities!

As the situation in the country worsens and some of the reputed banks are already rumored to be bankrupt due to corrupt people.  Although the rumor says that the matter cannot be avoided, because it has been found to be true.Due to this the policy is having an impact on other banks.  People are now afraid to deposit money in banks, and they think it is too risky to keep money in banks because of current inflation.There is no risk in investing in gold, the price of gold never goes down, it keeps going up. If you don't like to keep money in the bank, convert your money into gold as an alternative investment, in the future, the price of gold will be higher and you can earn good profit.If you have good experience then you can invest in cryptocurrency.

that is one of the advantages of investing in gold, besides the goods we can use and also when there is an urgent need there are many options that we can use to take out a loan with gold as collateral or sell it very easily too.
and also if you look at the movement of the price of gold from the past, nothing has decreased and has even continued to increase even though with very small movements.
Gold is of course a very good investment when compared to deposits.
the disadvantage of investing in deposits is that when you really need it, the investment is not easy to liquidate, there are even certain times that have been agreed upon from the start.

I used to like to invest in deposits, but now they have a small percentage of income. And it is not always possible to remove it on a day-to-day basis. This option is unjustified and there will be no move. Gold is not a bad option, but only if you are not eager to get a quick income.

Indeed, why should we invest in something that is being printed in unlimited quantities? While the government is still printing fiat non-stop, there is no reason for us to hold it for long. If I only had to choose between depositing money in the bank and depositing gold, I would choose gold without hesitation. But gold is valuable not only because it is tied to the needs of women, if you regularly follow world news, you will see that countries are still racing to hoard gold more than any other asset class. That shows a huge demand for gold and it is also an asset with limited supply. But it wouldn't be wise to put all my eggs in one basket, so I'll look for other possible solutions like bitcoin. But if OP doesn't like bitcoin for some reason, you can look for other assets like real estate, and other metals like silver are also very potential...

You have correctly understood the distinction between physical gold and digital assets like Bitcoin. While physical gold can be purchased and stored as a means of diversifying and protecting wealth, digital assets like Bitcoin offer a different set of advantages and considerations

I think he's talking about perspective - put it down and forget it. With the crypt, you still need to devote time, but in gold, even the same banks will not pay large interest. And just putting it down and waiting will take too much time. Of course, it's better to buy coins and spend a little time on it and get an income that you will see yourself than to wait for a miracle from banks and their small percentages.

Although it is quite difficult to choose but the decision to invest in a bank or purchase gold depends on various factors, including your financial goals, risk tolerance, and market conditions. Investing in a bank typically involves depositing your money in various financial products such as savings accounts, certificates of deposit (CDs), or money market accounts which has marginal profit but has the safety.
   While as Gold has been seen as a hedge against inflation. Unlike interest-earning bank accounts, gold doesn't generate income. Physical gold needs to be properly stored and secured, which could cost more money. You can invest in little transactions like cryptos and other small markets instead of keeping your cash locked up in the bank

Due to inflation many people are already hesitant to keep money in the bank, and they prefer to buy other assets such as property and other valuables and some people also invest in the crypto world, and buying gold in the bank is also very risky and I prefer to buy in stores directly and without any bank intervention, Because inflation will be a big problem for all of us for certain bank service users, so my advice is better to buy some Bitcoin to store and it will be more profitable in the future.

For cryptocurrency users, of course, it is a question that is very easy to answer because deposits in banks or buying gold in banks are things we will not do because we will prefer to invest in bitcoin which is able to provide large profits even though it all takes a long process and this is not a problem for those of us who really want to store assets that we no longer use, and will increase in size if the price increases.

When it comes to generating interest on gold, it's crucial to remember that gold does not create income in the same way that a regular savings account does. However, gold-linked financial instruments, such as gold-backed ETFs or gold-based savings accounts, can generate some returns. These alternatives differ based on the nation and financial institutions you have access to.
Banks provide several deposit choices, but they do entail some risk, including the threat of bank bankruptcy. Purchasing gold, which has historically been seen as a store of value, can be one technique for hedging against inflation and protecting wealth.

Well, the interest in investing in bitcoin seems to have increased rapidly. Especially after seeing the large number of large banks that have gone bankrupt. Making people really start to doubt the security of keeping their money in the bank. And saving money in the bank also certainly will not make someone safe from inflation. Due to the fact that fiat money continues to depreciate in value today. So saving in the form of physical gold is the best for savings. And maybe some of us also keep it in bitcoin as a long term investment. it's just that I don't recommend keeping all of our assets in one basket. we have to divide it in several assets.

I think the easiest thing to deposit money is in banks, if we deposit money in gold then we need security because we have to protect gold, in contrast to banks which have better security, of course the positive side of gold is that we have the opportunity to profit because the increase in gold can reach 8 % per year.

it's tempting to gobble up the idea of Bitcoin as a safe haven against inflation. While it's true that many people, perhaps even your next-door neighbor, are diverting their assets to Bitcoin, we shouldn't gloss over the inherent volatility of cryptocurrencies.

That said, you've made a compelling case for Bitcoin as a hedge against inflation. True, the value of fiat currencies is perpetually playing a dangerous game of limbo, shrinking with each passing year. However, Bitcoin's scarcity mirrors that of gold, making it the 'digital gold' of this era. Although, I'd wager to say that unlike your grandpa's gold, Bitcoin doesn't make for a very good paperweight!

Let's not neglect the 'not putting all eggs in one basket' wisdom, though. Diversifying your portfolio is as vital as eating your veggies. It's a mundane task, but your future self will thank you for it. Think of it as a financial buffet where you need a healthy mix of investments, rather than gorging on just the crypto meatballs.

about the benefits, it is clear that by buying gold the value will be better than when we keep money in the bank. but agree with you my friend, the security risk that will be obtained by spending our money in gold by saving money in the bank, it is clear that our money will be safer to put in the bank. I think the value obtained from the Bank with the increase in gold is not significant at this time, what is more profitable is that if money is put into crypto, it only takes patience to wait for the increase, which is indeed quite long.

When the world economy is collapsing due to the effects of inflation, people are confused and do not know what to do. They are withdrawing their money from banks to survive this recession. , inflation on the other hand has put the bank's bankruptcy in extremely. Practically, those who are investing in Bitcoin in this situation must have taken a good way, and many others have invested in Gold because they do not have good ideas about Bitcoin. However, since the unlimited supply of gold, its price may decrease at any time, but bitcoin suply is Limited, it will naturally increase its price and be the only guide to protect against inflation.

Especially when we think about the banking crisis we have been going through now, I think that it is absolutely necessary to hold our savings with physical gold. Of course, I chose this option in line with the question of the OP. Gold is a non-supply commodity, although it has a limited supply(!) and will not be sufficient if all the citizens of the world physically demand gold. For this reason, I would like to state that I am on the side of the opinion that a basket should be made with commodities, cryptocurrencies and inflation-protected government bonds to protect savings from inflation.

People want to store their money in banks because they want to keep it and play it safe, but other people think the inflation rate sooner or later raises the value that you store in the bank will get reduce its value, so it's not ideal. Additionally, of it people think they have a good return because of the high APY, which is not compared to the different investments such as gold. As you can see, its value is continuously rising, so it's a better investment than the bank; if you have more options than gold, having different sources of assets makes easier for you to depreciate. Other than crypto use the trend currently in the market which easier to you to adopt if you are an entrepreneur mindset you'll look what people need and not what other business have already in your place.

I myself like Investing in gold can be a hedge against inflation, because its value tends to rise during uncertain economic times and this was also implemented by my parents first and has proven to perform well anytime and anywhere it can be sold and can also be used as collateral. For banks at this time there are lots of issues of being hit by a hyker attack and prone to collapse, especially those that are performing poorly and I take great care and always monitor so that my funds are not misplaced.

Thank you for the competent answer, I also realized that it is pointless to carry it to the bank. The rate is even less than inflation, and it won't work out quickly in case of something, either, it seems that banks should want favorable rates to use our money, but in the end there is nothing profitable.

well, if we talk about the problem of inflation, then the way to save it is by investing, and the OP only gives gold options, so gold is an option to survive temporary inflation. however, if there was another option, many people would occasionally invest in crypto, particularly bitcoin.
Personally, generally, if economic conditions are normal, I choose to deposit, that is the safest way to save money, but when it comes to investment issues, then I will choose gold. however, if conditions are inflationary, the safest option is to choose gold to normalize.

Probably the most correct decision will be a deeper diversification of assets.
Let the bank deposit, gold remain. But add here cryptocurrencies, stocks of companies, currencies more stable than the currency of your country, buy real estate...

This is guaranteed to reduce the risk of losses under various scenarios of the development of the situation, and will also allow you to keep assets that are highly liquid, which is very important. Because expensive but a low-liquid asset will not help you if you need to exchange it

Nothing is absolutely safe and gold has its risks. If you hold too much physical gold and if someone finds out, you not only run the risk of gold theft, but it can also put your life in danger. Or in cases like natural disasters and floods, moving gold will be very difficult. So your assets are not necessarily safe when set all in gold. The best way is to diversify, as many have mentioned, that way, you will be able to reduce the risk. Gold, savings, stocks, or some crypto, it's the best way.

The same can be said about bitcoin, if you have a lot of bitcoins and someone finds out about it, then the outcome can be the same. Money loves silence, so you should make sure that as few people as possible know about your funds. If we are talking about a very large amount, then it can be divided into different wallets and stored in different places. Diversification is also a good way to protect yourself from various undesirable situations, and when possible, we should use all available methods to reduce risks for our funds.

Investing in gold is actually good like you said it can temporary avoid or survive the inflation. That's why if you're gonna invest into something it would be better to not put all your funds in one basket like the quote said. Because there's always a risk involved in this thing it's either loss or not. It always be better to have some alternative investment other than gold like you said crypto industry or real estate. It depends on how people handle the economic issues that might affect the money problems. Bitcoin is a complicated system especially if you don't have some background, people thinking buying gold or in real estate is just easy unlike Bitcoin so it's not popular even these days.

Do something simpler if you have a much better choice, why buy gold in the bank if it is still available in the store? I understand your point regarding purchasing gold using bank services and in some areas banks also facilitate the purchase of gold as their product. But the problem is why do you have to take this method, even in a store that sells gold jewelry you can buy it independently and don't need a third party to facilitate it.

At present the economic condition is not good so that saving money in a bank does not provide any benefit, inflation and recession have made money lose value and it is often difficult for us to reach a more optimal storage stage when using a bank tube. While gold is a more reliable way to maintain the value of our currency, by buying gold independently you are trying to keep money from losing value and more potential for investment.

I don't know the convenience in buying gold from the bank and holding over there but the truth  is that over the time, I've always advised people to buy physical  golds possibly  in forms of jewelries and rock them to your satisfaction  because if will never loss value but rather you shot two birds with just one stone.
What I'm saying in essence is that  it would  be better if you buy physical gold since your measure challenge is recession  and bankruptcy and if you're buying gold from the bank and the bank is suddenly  pronounced  bankrupt,  then there are still possibilities that your gold in the bank might suffer the same fate with the regular fiat in the bank.

Just as everyone might advice you, I will still add that you should try investing in cryptocurrency and since we're in the bear market, it wouldn't be a bad idea investing in it because if for nothing,  there are news of bitcoin possible skyrocketing by end of the year or possibly early new year.

Look at bitcoin, which is growing, in any case you will not remain in the red. Deposits are taken away on the contrary, they even stopped covering inflation, the interest there is minimal. Gold is also a dubious investment, and there is also no point in constantly monitoring quotes.

Yes, everything is risky, nothing is absolutely safe. But if it comes to bitcoin, I like its advantage the most is its anonymity as well as if we want to store a large number of assets, it is completely simple with bitcoin. Holding too much cash or gold is really too risky for us, but with bitcoin, no one can know where our assets are except us. But bitcoin's risk is volatility and uncertain future...indeed, diversification is still the perfect solution.

Deposit in terms of gold is far better than fiat deposit to be on the safer side during inflation. The gold market always have upper hand amidst the level of inflation experienced around the world. Gold have got its years of history and it never declines in value. When it comes to fiat, governments easily print currencies taking account of the economic situation.

Holding of gold is less risky than holding fiat. The value of gold is much of the demand to supply whereas fiat is not following the demand to supply.

Gold is not a particularly common investment category because most individuals don't know where to begin. The majority of people choose to simply deposit their money in the bank where they can earn interest rates on their savings accounts that are below the rate of national inflation. That results from the general public's ignorance of financial matters.

Thank goodness, though, that anyone may now invest in Bitcoin using any internet-connected mobile device, making it accessible to all. The most adaptable and inclusive investment you can make right now with any amount of money while considering long-term rewards is that. I think Bitcoin has emerged to provide a chance for individuals who don't know how to invest in gold and, as a result, couldn't fight inflation in their daily lives without Bitcoin.

I don't prefer the two options even though gold is tradable. I will rather use my funds to buy good altcoine in the market that can give me good profits as an investor. The cryptocurrency market has different ways we can make money that is why it is a option for anyone that want to break through financial instability. We always trade coins in the market, hold, stake, mine and do other things that could give up good profits in the market than think of investing in gold where that market can be manipulated by the government. Cryptocurrency has massive opportunity for us to make money as an investor without going through government policies.

choosing to invest in gold is very obvious. gold will be a high exchange rate in the future it is said that gold does not experience inflation like currency because of the scarcity to get it. I always save gold every time I get profits from crypto investments. compared to the bank, I prefer trading and then make gold as a long term. I think that's the best way to maintain and develop assets for the long term.

are you buying gold bullion or in other forms of it like in jewelry? i can agree somehow that better invest in gold rather than deposit in banks. we know how much interest your money is earning in banks. so it is like for safe keeping only when you deposit in banks without the expectation of getting any interest.

If retaining value over time is what you are looking to do, gold is always the better option. Fiat will always lose its value due to a lot of factors, most notably inflation. Whereas in gold, people will always buy it and keep it, and industries will always have use for it. It just keeps on getting more scarce over time that its value is practically guaranteed to go up. Other precious metals can also be considered, too. But then again, gold is the easiest to access and remains to be the most popular precious metal that people know.

If it is inflation, buying gold can be said to be a good choice. In the long run, the income from buying gold depends on the rise and fall of gold. I think the safest way is not to put all your eggs in one basket. You can choose to deposit them in a reliable bank to earn interest, or you can make some fixed investment in Bitcoin. Of course, only long-term holdings can bring good returns.

I think the best thing right now is to save money in gold, in my country if you save in banks you only get an annual interest of around 7% or and of course this won't increase your money, while the increase in gold can reach 15% per year so saving in gold is a good thing and more profitable than saving in banks.

the choice between bank deposits and gold investments depends on your financial goals, risk tolerance, and investment strategy. It's important to carefully evaluate the pros and cons of each option and consider seeking guidance from a financial advisor or investment professional who can provide personalized advice based on your specific circumstances.

Yes. This Interesting, regarding the discussion on how to keep savings during inflation, I think it's also good in a bank but Saving money in a bank can offer a certain level of security, but there is always the risk of a bank going bankrupt on the other hand and if Investing in gold has a different taste again this can be a good alternative because gold has historically been a reliable store of value.

For carabeli if I'm not mistaken for now you can buy gold through a bank or a reputable dealer, and it usually doesn't generate interest like a bank deposit. However, the value of gold can increase over time, potentially offsetting the effects of inflation. if I if there are more funds to BTC only. I think it's better because the price is very cheap again.

If we have billions of dollar money, it is time to buy gold, the potential for profit that is stable and usually higher than inflation will make us get a big profit, when there is an economic problem such as inflation, saving at banks will not get anything, while the value of gold will continue Ride and can't be stopped.

Yes, that's how it should be because it again depends on you,
asking for advice from a financial advisor is the right step and it will definitely help a lot,
the important thing is to make a decision after you get a lot of information it will be better.

In my opinion regarding the discussion on how to keep savings during inflation, I think it's also good in a bank but Saving money in a bank can offer a certain level of security, but there is always the risk of a bank going bankrupt on the other hand and if Investing in gold has a different taste again this can be a good alternative because gold has historically been a reliable store of value.

For carabeli if I'm not mistaken for now you can buy gold through a bank or a reputable dealer, and it usually doesn't generate interest like a bank deposit. However, the value of gold can increase over time, potentially offsetting the effects of inflation. if I if there are more funds to BTC only. I think it's better because the price is very cheap again.

Gold is speculative but so is modern money and the interest given for money is lending to banks which already have no real need of your money because the currency is issued centrally mostly by a central bank policy biased towards loose monetary policy.  That is to say that interest will always be less then inflation in this modern era of virtual economics eclipsed by politics and deficit financing debt based fiscal policy spending.
   Capitalism is a system based around the strength of the common worker, the induvial not the massive entities we now know but when we issue endless new currency this is no longer a capitalist system.   Free market maybe but not for national currencies hence the idea or fear by the creator of BTC and amazing foresight that he could see a conflict from these artificial systems to a computer based non political system.
  If Satoshi and/or creators of BTC were correct in that extrapolation, a deposit with bank or vault for gold or currency will not ultimately be safe.   Central banks will not allow free competition to exist and this asset in paper or metal will not benefit the original workers and savers in their value saved.  How exactly events turn out and what time frame Ive really little idea, probably little is reflected on this in this decade imo.

Gold is an investment asset, and its volatility is not as great as bitcoin, but we cannot predict exactly how much return it will bring, as you say.  gold is benefiting from the economic crisis, and most likely when the economy stabilizes again, gold will no longer be as profitable as you mentioned.  but if you compare banks and gold, gold still dominates. but if we need to make a profit, why don't we add the bitcoin option, an asset with far more promising returns than the other two?

New week-new quotes. Now during the upcoming presidential elections in many countries. it is better to refrain from buying gold and investing capital in a bank.

The best solution for maintaining assets so that they can survive or increase is to save in gold, as we know that gold is the best type of investment which is the first choice for millionaires, if we only rely on banks then the value of our money can continue to decrease.

Gold can retain value more than fiat does. If a person bought gold 2 years back and sells now he/she will get a better return of investment than living the money in bank.
In my country, most women buys gold a lot for investment and a form of saving money for future. Gold is always a good choice in the absence of other greater alternatives.

If there were only 2 options, gold would definitely be my choice. Fiat today is no longer reliable. The government is constantly printing fiat, there is no reason for us to keep them as they will reduce the value of our assets. Do not enrich the government or become their food, be wise before it is too late.

That is depend on you on how you can tolerate the inflation. If you think that you still have more extra money you can diversify your extra finances it would depends on you on what kind of investment are you interested in. If you have doubt on banks that it will go bankrupt then think of other kind of investment that you will benefit. Just like putting up your own business, gold investment, real estate could be a good investment as well. It would really depends on your financial goal and do a research first before doing any investment.

only if you buy a piece of jewelry, immediately after the purchase it drops in price. There is nothing better than crypto. Deposits with small percentages are all.

Ain't this a fine mess we've landed ourselves in! Your breakdown of our financial terrain got me giggling and puzzling in equal measures. Picture our economic structure like an everlasting game of musical chairs, with the tune never hitting pause, and fresh seats springing up! The capitalist promise feels more like a bedtime story these days. Formerly the protector of the ordinary Joe, it now seems like a private party for the big shots. Can we escape this convoluted maze? Cue: Bitcoin.

Our dear Satoshi must have wielded some divination device, foreseeing the impending storm and blessing us with this cybernetic safety raft. But let's ponder over this. Will it be our knight in shining armor or merely another platform prone to misuse? That's a brain-teaser that steals my sleep. About the timeline you asked? Well, buddy, that's anybody's shot in the dark. But this much is certain; we're strapping in for one rollercoaster of a decade!

I suggest noone to hold their gold as assets in bank accounts. Those are lil bit scammish. Honestly saying. I observed there are bank that permits you to withdraw real gold in my country. But there are only 2-3 banks and there are huge limits (waiting for a week or month or something). I think best thing you can do to buy real gold issued by your local company. There is one gold/silver producer in my country so nearly everyone buys their gold and silver from them. Its called "nadirgold". I can safely suggest them if you are Turkish or visiting Türkiye as tourist. I am not well informed with American companies.

Exactly, if someone wants to hold gold, it is best to buy physical gold and keep it in his safe. Never deposit gold in a bank for interest, it's no different than we deposit with fiat because what we get from them is just a piece of paper with numbers. But in this case, I would like to add a proposal, in addition to gold and banking, we can add bitcoin. If you are not comfortable buying physical gold to store at home, you can use bitcoin because it is much easier to store bitcoins than gold. But diversify, don't focus on just one asset, no matter how good it is.

the gold exchange rate is not growing much, deposits also have no profit. Buy crypto and try to work on it.

That's my method of investing in gold, less hassle less fee when it comes to buying gold itself without the bank that causes your investment interest and fees. It's literally depends on the convenience to one person. If they find gold investment much more better than in the crypto since it involves complicated techniques for newbie to understand. Unlike to buying gold where you can just buy physical gold then hodl it for a long time where it could worth a lot. But for me it would be better to explore more alternatives why not do gold investment and try also the crypto investment for you to know what suits for you funds and your skills.

So true. And it looks like OP really wants to keep his money as savings. but he also still wants the value to be maintained and not affected by inflation. So buying gold might indeed be a solution if OP intends to maintain the value of his savings and avoid inflation. But if the OP wants to make his assets grow every year then I think he can invest in something that has an ever increasing value over time like land property and such.

Admittedly, investing in cryptocurrencies is a bit more complicated than in traditional assets. But to be safe and give a higher return on investment, I think everyone should know about crypto, no matter how hard it is to learn.
And I want to reiterate, whether it's gold or cryptocurrency, we should diversify, not focus on one asset class, it's very risky for us. It's not just about value risk if one goes wrong, but also about other potential risks like theft or hacker attack. Besides being able to reduce risk, diversification is also a way for us to have the opportunity to increase the return on our investment. Gold is safe but quite stable, so the returns will be negligible, while bitcoin is quite risky, but the returns are substantial. Therefore, allocate and balance your assets in the most optimal way to bring the highest efficiency.

Gold is still in a good category even though its exchange rate has not grown much, because it can also help you not to lose in life. Meanwhile, deposits are ordinary savings that you don't expect any profit from, but for crypto I think this is another option from the two you mentioned, which everyone must understand the risks. Even though the benefits can be many, the risks are also not small, so this requires better consideration before choosing it.

Yes, the market is progressing, but everyone decides where to invest. Of course, there is no more reliable crypt.

Gold will give you in a very short while what money in the bank will never give you even after 15years of depositing your money with them, the bank would rather take from you in the name of charging you for unnecessary activities

Gold is actually a good long term investment so if you're planning to save money then it would be better in gold than bank. Not only the bank would benefit from you but also you've gained nothing as you just stored your money. I think it would be better to invest by just buying not on the bank to avoid many fees and transactions which is hassle.

In my opinion you should invest in gold. Because, usually the interest rate in the bank is low which means we usually get less interest from the bank. And you will always get lower interest comparatively due to current worldwide inflation. And now some banks are going bankrupt. You invest in gold for a long time. Gold is always a low risk investment. Because the value of gold is always high despite the inflation around the world. If you invest long term in gold, you can profit. And it will give you higher return than the bank.

If you compare it to BTC, it's definitely a different story. if the comparison is only money and gold, which is better if it is stored automatically is gold, which has been historically practiced and proven to be superior in various ways. the difference is that if you sell gold, people are still thinking about it, because the way to get it, you have to collect money little by little, then buy the asset. But, if the money is different, it feels like you need to withdraw.

of course choosing to collect gold rather than saving money in the bank, but at the bank we also have to have a balance in anticipation of a sudden need. The choice of gold here is because by saving in the form of gold it is hoped that later the price will rise, it is different in banks where even though they get interest but not how much. moreover, gold has also become an investment tool for everyone, so it is still said to be safe, especially if we buy it in physical form. So, when I was a child, I was advised to save money so that we would be lucky later, now that slogan is no longer valid

With the current interest rate environment it seems like savings in the banks (at least the ones passing along the interest rate from the central government) is the way to go. Gold is highly unpredictable so while it might be fine for rich people with a lot of slack in their investment portfolio, to put say 5% of their wealth into these sort of "alternative" investments, if you want your money to perform in the long run you need something more consistent. Many people will actually be taking money out of the stock market right now because it makes zero sense to have money at risk earning 5% when you can have almost zero risk bank saving accounts at the same amount.

Yes, that's right, if I may add, individual tendencies in making choices for deposits depend on experience and a thorough understanding of these two things, bank deposits or gold. Both certainly play a role of different risks and different benefits. However, minimizing all forms of losses is the goal of the deposit itself and vice versa, taking a larger profit margin is what we want.

In my opinion, all forms of deposits have risks, therefore risk management is very important, and determining the future goals in deposits before making a decision is a matter of wisdom. By paying attention to these two things, I think we can determine the results we will achieve in making bank deposits or gold. There is also nothing wrong if we try to balance between the two, meaning combining the two into a strategy to reduce risk and increase profit margins within a certain period of time.

Currently the inflation is increasing by the speed of horse. In this situation, instead of keeping money in the bank, I think it is better to save your fund in some other way. Because holding money now means the value of your fund will gradually decrease. So in this case I think gold can be a better option to saving your fund. Even then you don't earn interest from them. Because the more inflation will increase the more your gold price will increase. And since the banks are also going bankrupt now, I think holding gold to myself would be better than keeping it in the bank. Because security First

normally I wouldn't post, but after seeing what OP wrote I couldn't resist and I have to make this post of mine, when OP says banks can fail he's right, but he's forgetting that gold can also be stolen, a thief can get in at OP's house and stealing all OP's gold, at the bank they can also steal OP's gold, so there is nothing that doesn't have a disadvantage, it's unbelievable how certain people still think, demonizing banks and putting the advantages in gold and Not to mention the disadvantages of gold is also wrong. who said gold has no downside? even bitcoin also has disadvantage. people need to understand that banks are never going to go away, they are here to stay for many long years to come.

the most important thing is to live well with everything, be it banking, be it gold, be it bitcoin. there is no need to demonize one thing and put another thing as if it were superior when in practice both things work. it's enough for OP to think: buy a gold bar worth 1 million dollars and hide it, then OP dies and nobody knows about his gold and his children are in need. so in this part the OP's gold had a disadvantage. but if OP had left 1 million dollars in the bank then OP's relatives would be called to the bank to take the money. the bank has its advantages and disadvantages

Before the Nixon era money was backed by gold, therefore you could have just held cash and that was technically worth a fixed amount of gold per dollar...we're far from that age now.

Buying gold is a fine idea for store of wealth, as it is a store of value asset. I do think that Bitcoin is the better equivalent though it does generally have the stigma that it is not as reliable as gold in the event of an energy/technological fall-out.

I wouldn't recommend buying and storing gold if:
- You will need to make it liquid again within 12 months (might as well use Bitcoin in this case)
- You can't securely store it, or you'll entrust someone else to.

I prefer Bitcoin though that doesn't mean gold too can't be used to beat fiat money deterioration/inflation.

I mean yes if you put your money in the bank most of the time the interest your going to get is just too low and at the same time the value of it is dropping because of inflation but at the same time you still need to put some amount on your bank so that you have a cash or emergency cash that you could get at any time, also your gonna need a saving so you could put that in the bank as well. So at least your put some savings that are up to 3 months of your salary as your savings.

No doubt that gold is better as an investment since the value of it is almost guaranteed that after years you're going to get a higher value of it. But if it is always better for long-term investment even though it is gold the value of it is still volatile so if you planning to just sell it after a few months or a year your probably not going to get a lot of profit or possibly you could also lose your money.

Once upon a time it was the same thing, banks were fractional but ultimately it resulted somewhere in a gold deposit against the value saved.   Thats no longer, we have a tether untied and an endless devaluation where savings are seen as the enemy unbelievably.    Just as recently as the last year, savings remaining vs inflation ongoing was seen as a negative because it meant the consumer could continue to spend rather then retract.  
   Capital should be value but it doesnt especially anymore; since we have thrown away the rules on money at least keep 1% gold or some equal store of real value not just a note of debt covered by hope.

Deposit in a gold is good investment, if we invest in gold, gold value will go to the inflation. When inflation will be high, deposit in gold will be best option, deposit in bank in gold will give a ROI and we will get 10  percent returns. You are right in this point of view, banks can  bankrupt and it is fact that banks can go to out of cities. If you do not trust on banks, do not deposit your money in banks. Rather investment in gold is good idea and it will save your money. More than 90 percent banks are not able to trust. Banks make money by using money of public and they make a fraud.

We know that gold has failed to respond adequately to inflation in recent years. There are many reasons for this, of course, but I think the most important ones are that it is an investment instrument that is open to manipulation and the downward pressure on its price. Since I see gold as a slow-moving investment instrument, I prefer to buy Bitcoin instead of gold because Bitcoin purchased with the right timing earns more than gold.

     You are the one who said that there are banks that are closing due to inflation, so what is the reason to put money there? If you know you are in a situation of extreme inflation, there is no reason for you to put money in the bank. Are you going to board the ship that you see sinking? You already know what you're going to do, right?

     But if the economy is doing well, maybe at least it's okay to put money in the bank. But since you are here in the cryptocurrency business, you can put your money here depending on the coins you want to hold long-term or short-term; that depends on the results of the research you will do.

Saving money in a bank or deposit does not make your money increase, but instead our money decreases. Fraudulent banks, as if giving advice to customers, will give a certain percentage to each customer from the agreement agreed upon in their deposit. Each country has different calculations or percentages, in my country for taking deposits the government regulations impose a tax of around 20%, If there is gold being traded in a bank, it is best to avoid it, for fear of the bank collapsing. Maybe a little advice on buying gold which is better appointed by the government as a company. Gold is indeed a commodity that is quite stable in the face of inflation.

Any kind of precious metal is a very good investment, as they are a hedge against inflation. Gold is the ultimate option to save your money, and at a time when inflation is hitting every part of the World and every class of the population, it is important to have some investment in Gold because of inflation and devaluation of the currency. Saving in the banks is not a good option currently, and the chances are that your money will be devalued due to inflation. Invest in other mobile/ liquid assets as well to increase the security of your money against devaluation.

depending on the money I have. If I already had a lot of money, I would choose gold for long-term investment. However, the deposit offers quite good interest every month. If we have a lot of money and deposit it, it can become another source of income. This is often recommended in books about long-term investing. However, if this has been achieved, and we have income that continues to increase every month, then I will choose gold for long-term investment. Gold is known as an asset that is not exposed to inflation, it can be a savings and investment at the same time.

Don't say gold is the main option to save your money, rather one of the options is gold.
There are some investments that are good for the long term such as Bonds, real estate, or large expanses of land, and some Bitcoin investments that are certainly resistant to inflation.

Bank deposits are the last resort when all access to investments is closed such as crypto.
But you should not put everything in the bank, it is not recommended.

There are several other strategies that can be applied besides having to save in the bank or choose gold for long-term investment.
That is by using the Hybrid HODL & Derivative strategy that can optimize your investment.

Remember how a hundred years ago the government banned the storage of gold and confiscated it from the population, history teaches us that in difficult times governments are capable of many troubles.

Bank deposits in today's realities, when inflation is perhaps even greater than what we can get from deposits, is a very stupid decision.

There are not many options left, and the real estate markets may also be going through very difficult times, do not forget that everything is cyclical and now we are entering a phase when the global crisis will bring us very difficult times. Perhaps in this case, Bitcoin can become a kind of salvation for us, but it must be used as one of the assets, there must always be diversification.

History teaches us a lot, right? The limits, limitations, and gold confiscation were alarming. Bank deposits and inflation are relevant in today's economy. Inflation—hasn't it plagued economies worldwide?

Bitcoin as a savior in hard times is intriguing. The decentralized structure of Bitcoin offers financial freedom and may hedge against inflation. Is it the last financial solution? Do we need it alone? As you said, asset diversification is essential. A common financial motto is diversification, diversification, and more diversity.

Bitcoin can be a well-rounded investment, but its volatility and regulatory uncertainty must be considered. Don't you think a balanced and diversified portfolio could help us weather these possibly challenging times?

Depends on where you live, in my country, precious metals are real expensive and there's a lot of burglaries happening in the country so I don't think that hoarding or even considering buying to hedge against inflation would be a good idea for me now if you're in a relatively safe country that have a low case of burglary, you definitely can feel at ease storing precious metals. For me though, I'm better off with putting my money on bitcoin.

Investing in precious metals has always been a preferred way of investing. Precious metals have always held their value against inflation since time immemorial. Buying precious metals is risky when theft is common, such as where you live. When you try to buy gold or others through a bank, you buy at a higher price. When you sell it, you sell it cheaper than the market. These practices of banks make us not want to use them again.

If storing precious metals is a problem for you and you still want to invest in precious metals, you should opt for banks. But as I said, banks sell precious metals at a high price and buy them at a low price.

Among all these investments, we usually prefer Bitcoin. Bitcoin is one of the best investment options for both preserving its value and investing in the long term.

The title seems misleading because you cannot deposit in gold you can invest in it. The title can be "keep your savings in the bank or in the gold?".

Anyway I think the OP doesn't have good knowledge about finance. If the bank is providing 5% interest and inflation is also 5% then what is the point of holding fiat in a bank? On the contrary the price of gold is increasing over time as are its widely acceptable assets. TBH it doesn't matter if it's gold or any other assets you are investing in. The point is to keep your savings on assets not in the bank. A bank can go bankrupt, and your savings can be lost when gold is a physical object that won't lose its weight over time.

You mean the metal is more expensive in your country than gold? As for the matter, you seem to be right. There are other countries where silver is more expensive than gold, but here in our country, gold is more expensive, so people of the middle class invest in it.

And the others even buy and sell what they always do. But of course, since I'm here in the cryptocurrency business, I prefer it here because I know the movement better and because it's better to invest where we know the movement of the market than when we don't know the movement yet.

In my opinion, we don't just invest, there are factors to be considered before deciding on the type of investment to go for. The duration of the investment, the stability of the capital and the extent of the return on the investment are key factors that investors look at to avoid misjudgment on where to invest their money.

Investment in banks, gold and other assets and channels are good, only that the risk involved varies. The gold you are talking about could be a bad investment if the person did that carelessly, this also goes for Bitcoin. That is why one should know what they are signing for to invest the right way, and this is why I advise people to note that the previous performance of an investment is not a guarantee of their future success despite the track record of assets giving multiplies of returns in the past.

A bank is another good alternative, the return might be lower but the return on the investment is much more guaranteed unless the bank liquidates without insurance which is rare these days.

Also, I found it strange that banks buy your gold cheaply and sell it expensive, Do you mean in this open era? That is impossible unless you get yourself duped. All assets have their prevailing listing prices with their Bid and Ask tagged well to them. No one can cheat you and it is not necessary for you to sell your assets to a bank, you have diverse alternatives.

I agree with the opinion that Bitcoin provides financial freedom,
and can be a hedge against traditional currency inflation because Bitcoin is decentralized.

But we also have to see that Bitcoin will not be a perfect hedge, we can see the risk of volatility that causes price fluctuations,
as well as some regulations that make Bitcoin or crypto still little controlled by the government.

Some diversification is certainly necessary, but choose any asset that has good potential.
Putting your eggs in one basket is more risky.
 

If you have patience and you don't require money for urgent work then I think you should keep your money in bank otherwise the choice of gold is also a better option. In gold your money will be deducted if you sell your gold and in such situations you will have little profit whereas in bank the money is deducted based on specific occasions.

As the gold price is minimizing these days so all investors of gold will be in worries that how they will recover their sum but in banks the value does not deteriorates because the money is saved. I think both have certain advantages and also they contains disadvantages so accept both of them to obtain profit out of them.

Crypto is looking better than gold or bank deposits.

I would do

Crypto
then banks
lastly gold.

Gold can easily be stolen or even destroyed.

I am sure that some Russians and Some Ukrainians lost gold when the staff place was bombed


I am also sure that some Israelis lost their gold when they were missed yesterday. (Oct 7)

Putting money in gold is actually quite efficient and has been familiar to the general public from the past until now.  If stored for a long period of time, its value will definitely increase.  Robbery or theft is a big risk if you have large amounts of gold, even if it is used by the owner it can provide an opportunity for someone to commit a crime.
However, precious metals are still a favorite choice for the general public because it does not involve technology, anyone can invest in precious metals.
However, the millennial generation who understands technology will definitely prefer to invest in Bitcoin, even though the price fluctuates, Bitcoin investment is quite promising compared to putting money in gold or deposits in banks even though there are risks.

  Money will always depreciate by the time, the longer you keep it the lesser the value will be. The amount of money that you will have right now will have lesser value if you use it next year. So investing in gold is better, because good price will always increase, especially if there is a problem on global or national economic crisis. Gold if it is easily sellable and the premium is reasonable is not a bad choice of investment, currently we are facing inflation and it’s a world problem. Fiats  are growing weak due to the world challenges, which is why gold is a better alternative to save and it will appreciate with time.
  I would tell you to use the U.S dollars if you aren’t facing circumstances such as daily exchange limits.if you are in the U.S dollar, then silver are accessible as a hedge. Silver was a higher appreciating asset in the 2008 recession not many invest in this asset cause of lack of idea on the actual cost value of the asset. In Nigeria currently due to the economic crisis of the country makes the U.S dollar a very good deal. You can save up in dollars and be rest assured you will get a decent return on your money. Dollars  are great for short term investment option.