Gold & Silver are safe than bank deposits ??

[Wingo]

This is a silly question...

We all know that gold, silver and other solid assets constantly increase in price with respect to time. It is smarter to invest in gold if you have a great amount of wealth compared to storing it in banks where inflation will eventually eat the value of it. It is more secure to invest in gold/silver, banks can go bankrupt or have anomalies by the cause of system failures.

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[Ekimzjames20]

This is a silly question...

We all know that gold, silver and other solid assets constantly increase in price with respect to time. It is smarter to invest in gold if you have a great amount of wealth compared to storing it in banks where inflation will eventually eat the value of it. It is more secure to invest in gold/silver, banks can go bankrupt or have anomalies by the cause of system failures.

Storing gold, silver is the best than bank deposit. Because buying a gold, silver is a very high value in market. While depositing at bank is a very risk and a low interest. Gold, silver you can used any where and anyuime you want.

[Netnox]

The advantage with gold and silver is that their prices can't be controlled by the central banks. And they are somewhat protected against inflation due to the principle of limited supply. But at the same time, that doesn't make them immune to robberies or government asset seizure.

[Kakawate]

In my opinion, they sure are way safer and more stable than cryptocurrencies, if you wanna play it safethen you should invest in gold and silvers rather than investing in cryptocurrencies, the only thing that cryptocurrency have that people like is its volatility, the ability or quality to change its value in a matter of minutes, which can be both advantage and disadvantage.

[paisiifokin]

This is a silly question...

We all know that gold, silver and other solid assets constantly increase in price with respect to time. It is smarter to invest in gold if you have a great amount of wealth compared to storing it in banks where inflation will eventually eat the value of it. It is more secure to invest in gold/silver, banks can go bankrupt or have anomalies by the cause of system failures.

Correct. They are safer than crypto but  what about the returns. The comparison OP did is based on just aspect which is not fair.

[Clark05]

Gold and silver , is good investment too because you can get more profit if yoy are investor last few years or 10 years ago when the price is very cheap. And this two kinds of investment is safe also. But if you want to more safe just deposit your money to the register bank but better if you have also invest to gold or silver to earn more money. Don't forget to invest to crypto also.

[First77]

Correct. They are safer than crypto but  what about the returns. The comparison OP did is based on just aspect which is not fair.

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

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

Banks give less than 5% interest on deposits and then they lose $2 billion to a scammer.

[Dread Pirate Roberts]

Gold always has the possibility of value to gain or having same value because this world still thinks gold is an asset that can be used anywhere.
even the smallest country ever fluctuations in their currency. they will not lose assets if their assets in the form of gold. that's why gold in a safe investment option and less profitable. because the purpose is not for profit. but to save the value of assets for long time
Profit from gold its just like small bonuses.

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How secured/safe are investments in gold and silver if you decide to remove/withdraw your money from banks fixed deposits and invest them in Gold and silver ??

If your objective investment of gold to get more HUGE money . gold is not an option.
because that is not the purpose of gold and its not worth to do.
 

[First77]

If your objective investment of gold to get more HUGE money . gold is not an option because that is not the purpose of gold and its not worth to do.
 

I am happy with 10% to 15% p.a safe and guaranteed profits/interest for next 50 years which gold is famous for

[Lorna111]

I wouldn't agree to this you know , there are banks who have high interest rates too for example the digibank .
Yes gold and silver are excellent investments but you know there is always a problem , I think the reason they're very valuable is because they are only very few of those Noble metals in the periodic table, if someday another Noble metal more beautiful than gold and silver is discovered , which is highly likely they will probably loose their value as a whole.
Because we are discovering new things everyday I won't think we won't discover other metals like we discovered platinum but it's quantity was though low, but it doesn't nullifies the possibilities of discovering something big in the future with abundant ores.

WE have different opinion of this issue, Gold and Silver are solid asset but the price value of this two are also dependent on supply and demands on the market, for safe keeping or investment,  it would be more safer than the Bank deposit which being tax by the government every time you have a transaction, But there some bank who offer high interest rate dependent on the country you put your investment.

[Rufsilf]

Gold and silver are better than banks in terms of interest per year because they price are growing but if you are just comparing gold and silver to the bank because of the safety of your deposits for your money then i will say that it is better to just keep your money in the banks rather than having gold and silver because it is risky to keep it by yourself.

[Sled]

Bank deposits are still the best for me because they have the security that people are really looking for and i don't think that there is an assurance that your money will not get lose when you go to gold and silver because what if someone goes into your house and rob you and get all your gold and silver then that is when you will realize the bank deposits are still the best.

[btcyoda]

Gold and silver , is good investment too because you can get more profit if yoy are investor last few years or 10 years ago when the price is very cheap. And this two kinds of investment is safe also. But if you want to more safe just deposit your money to the register bank but better if you have also invest to gold or silver to earn more money. Don't forget to invest to crypto also.

I do agree with your opinion but many people still don't have a positive opinion about the cryptocurrency because of a lot of scams. Of course, Gold, Silver, Bitcoin is always best investments for the long-term holding, so we can expect higher profits through Bitcoin but at the same time risk is also high.

[peter_coin]

Different banks have the amount they give in return for fixed deposits, this applies to different regions of the world. The only place where I would agree with you about gold and silver being safe is the fact that different currencies have different values depending on the country one takes a specific currency  to, whereas gold and silver have the same value in almost all countries so an investment in is going to be stable regardless of the country you decide to travel to with it.

[raven7886]

I disagree, as the fact that they went up in the past few days don't really say that they have a linear way up or promises that they will go up in the future.

They defiently can bring you more interest then just storing your funds in the bank, but everything that might give you a higher interest also involves a higher risk, nothing really promises you that people won't find any new way to produce gold in the future which is going to make gold worthless and also your investment.
Also, storing the gold and silver in your house may require you to hold a vault and also involves risk of getting your funds stolen by breaking your house.

No one is for sure saying they have a linear way up but for over the years now, we all know that at least it is a better store of value than leaving your funds in the bank because even fiat itself has been getting screwed over the years.

Plus, you do not have to store gold and silver in your home as you can easily get that done in safer vaults as no one would want to take such a risk of putting gold worth a lot in their house anyway, but at the same time, there is really not much of a risk when storing in gold or silver compared to banks itself.

[TheClownSong]

Gold and silver already known as safest investment. Depositing our money in bank can reducing the value by inflation but not with gold and silver, its more resistance on inflation. Gold still become favorite investment because its real and we can touch it

[MAJICOIN]

For me both are good and bank deposits are also a good way to make profit over fixed deposits and i believe that gold and silver price can fluctuates while the bank deposits will the same as it is in agreement.

[spongegar]

Everything is better than bank deposits! I mean putting your money in your mattress is better than bank deposits. Gold and silver peices moves up and down and you can see profits there. In banks it just sits there and banks will require you get over to an ATM machine to use it. The better move is to just invest it

[Menawi12]

Gold and silver already know for hundred years ago as good investment. Its more resistance from inflation and the value always increasing. Deposit fiat on banks reducing value on our asset because central banks always creating inflation

[First77]

Gold and silver already know for hundred years ago as good investment. Its more resistance from inflation and the value always increasing. Deposit fiat on banks reducing value on our asset because central banks always creating inflation

Total gold mined and available worldwide is worth $30,000,000,000,000 to $50,000,000,000,000.

So it takes some $4,000,000,000,000 for Gold price to go up by +10%.

Biggest company "Apple Inc." listed on Stock market is worth $600,000,000,000.