Gold & Silver are safe than bank deposits ??

[Linhkej]

Note: See on the right side of each post (top right corner) there is "+Merits"

I think now fixed deposit interest rates are less than 5% p.a in USA and Europe. In India fixed deposit rates are 6.5%.

Gold and Silver gives average profit of 8% to 12% per year. Silver will most likely give 20% to 30% profit each year from here on to reach $60/ounce.

Example:

Profit for gold and silver for year 2016 is 12%.

Profit for gold and silver for year 2017 is 0%

Profit for gold and silver for year 2018 is 8%

Profit for gold and silver for year 2019 is 16%

So average profit for 4 years is +9%

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

I think gold or silver is safer if you are a careful person and have specific plans to manage your assets. For bank deposits, you will have to trust that others will keep their money safe. However, I favor the gold, silver because it always holds the value of the property.

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[redsun114]

Note: See on the right side of each post (top right corner) there is "+Merits"

I think now fixed deposit interest rates are less than 5% p.a in USA and Europe. In India fixed deposit rates are 6.5%.

Gold and Silver gives average profit of 8% to 12% per year. Silver will most likely give 20% to 30% profit each year from here on to reach $60/ounce.

Example:

Profit for gold and silver for year 2016 is 12%.

Profit for gold and silver for year 2017 is 0%

Profit for gold and silver for year 2018 is 8%

Profit for gold and silver for year 2019 is 16%

So average profit for 4 years is +9%

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

Tell. Me how is gold and silver safe in any way? Gold and silver are mineral resource and if you buy them you’re going to be carrying around raw gold and silver and nobody accepts that, lol. Unless maybe you will be making use of an online gold storage like Bitgold, but man it makes no sense, cause bank is still the safest way for saving your money and is very much reliable than making use of gold. Silver and gold is an old system.

[MeganRice1212]

In the international gold market, the world gold price also fell to the lowest level in several weeks to around 1,224 per ounce. SJC gold has fallen to its lowest level in more than half a year, becoming less expensive, but according to gold companies, the market volume is quite bleak, and investors are absent. Investing in gold at the time is not a good idea. Should save bank to get monthly interest.

[Kenneth_Bianchi]

Note: See on the right side of each post (top right corner) there is "+Merits"

I think now fixed deposit interest rates are less than 5% p.a in USA and Europe. In India fixed deposit rates are 6.5%.

Gold and Silver gives average profit of 8% to 12% per year. Silver will most likely give 20% to 30% profit each year from here on to reach $60/ounce.

Example:

Profit for gold and silver for year 2016 is 12%.

Profit for gold and silver for year 2017 is 0%

Profit for gold and silver for year 2018 is 8%

Profit for gold and silver for year 2019 is 16%

So average profit for 4 years is +9%

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

Gold's value cannot be contained. I think it has a higher value than it is priced at right now, and will only continue to rise. It went on a huge bull run a few years ago and is still recovering from it (similar to how bitcoin might behave--but there are other features of bitcoin that add to its intrinsic value).

I usually balance between a few of them. Keep some in fixed deposits, others in gold, others in bitcoin. Sell the gold when it gets high and put it in bitcoin. Sell the bitcoin when it gets high and put it in gold.

The only issue with gold is storage. You can get a safety deposit box at your bank, or just buy a safe and bolt it to the floor in your home.

[Pan Troglodytes]

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 ??

Well, you quote figures for last 4 years, but for last hundreds of years gold and silver has been the most secure way to preserve your capital in times of crisis. Thus, I would say, your investments are 100% secure (given, they don't get stolen or robbed).

[Kenneth_Bianchi]

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 ??

Well, you quote figures for last 4 years, but for last hundreds of years gold and silver has been the most secure way to preserve your capital in times of crisis. Thus, I would say, your investments are 100% secure (given, they don't get stolen or robbed).

Wait, how can we use the last hundreds of years as a comparison when only recently a new form of currency had been introduced that is fully digital and relies only on a combination of numbers and letters to exist? The historical viewpoint is only valid until history takes a major step forward, namely a revolution.

Bitcoin is a part of the internet revolution which makes it unique from gold and silver. These assets existed in physical form as objects of comfort for ordinary folk when they felt that the value of their money was decreasing, but now there are more options to serve that purpose.

[r32godzilla]

Yes that seems to be true.But more people feel that depositing in banks would be safer and that they could get some profit as interest.But its far away from reality.Gold remains to be much better investment and also could give higher profit percentage than banks.

[flowers5]

I would think gold and silver stored and protected by yourself is the safest bet.  Hell the government is stealing from your dollar stash each day with inflation.  So gold and silver are safer just by their nature. 

[Mr.grin]

Yes that seems to be true.But more people feel that depositing in banks would be safer and that they could get some profit as interest.But its far away from reality.Gold remains to be much better investment and also could give higher profit percentage than banks.

Well, seeing the developments that occur at this time, I also feel that gold and silver are very good at being used as investment tools. well, since long ago this has also been developed. even before money was made, gold and silver had been made as a medium of exchange and investment.

[First77]

Yesterday Turkish Lira [currency] fell -45%

[hatsoff2btc]

I think now fixed deposit interest rates are less than 5% p.a in USA and Europe. In India fixed deposit rates are 6.5%.

Gold and Silver gives average profit of 8% to 12% per year. Silver will most likely give 20% to 30% profit each year from here on to reach $60/ounce.

Example:

Profit for gold and silver for year 2016 is 12%.

Profit for gold and silver for year 2017 is 0%

Profit for gold and silver for year 2018 is 8%

Profit for gold and silver for year 2019 is 16%

So average profit for 4 years is +9%

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

Gold and Silver might be more safe than bank but if you decide to store your money with Gold and Silver you will have a problem with making use of it, cause you can’t make use of it in buying and selling so you will still need to convert it to fiat to be able to make use of it. The best thing in my own opinion is to convert your currency to a bigger currency like dollar or euro and then save it, that will be much better to use at anytime when you need it.

[gudrun]

I think now fixed deposit interest rates are less than 5% p.a in USA and Europe. In India fixed deposit rates are 6.5%.

Gold and Silver gives average profit of 8% to 12% per year. Silver will most likely give 20% to 30% profit each year from here on to reach $60/ounce.

Example:

Profit for gold and silver for year 2016 is 12%.

Profit for gold and silver for year 2017 is 0%

Profit for gold and silver for year 2018 is 8%

Profit for gold and silver for year 2019 is 16%

So average profit for 4 years is +9%

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

Gold and silver definitely can not bring much profit by saving banks. In my country the interest rate is 7.5%, the investment gold is profitable or not depends on the time you sell. It's like investing bitcoin

[gerald246kru]

I've heard that silver and gold are losing their value because of the rise of the cryptocurrencies so probably in a few years from now it would not me anymore and good decision to invest in them.

The devaluation of gold and silver does not depend on the electronic money market. In my opinion, gold and silver depreciated due to the rise in usdt prices, oil prices rise or fall. The money market is too small to manipulate the gold and silver markets

[jakagintiri]

Actually, both the investment has advantages and disadvantages of each, but investment in the bank was a little tricky with the regulations that created the bank, if we invest in gold or silver not only benefit its course that we can get but we can also use it for jewelry and if there is an urgent need we can sell it whenever we want.

[dams87]

most people prefer investing in the gold or silver sector rather than deposits in banks because banks have a higher risk, even though now there are institutions that guarantee customers but still when a bank experiences bankruptcy or bankruptcy customers will find it difficult to claim their money deposit at the bank.

[Pan Troglodytes]

Well just ask a citizen of Cyprus what they think about it, I am sure they would have very valuable insights into the OP question after their state stole some 80% of what thay kept in banks.

[amber deposit]

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.

[Glorypaasa]

I think now fixed deposit interest rates are less than 5% p.a in USA and Europe. In India fixed deposit rates are 6.5%.

Gold and Silver gives average profit of 8% to 12% per year. Silver will most likely give 20% to 30% profit each year from here on to reach $60/ounce.

Example:

Profit for gold and silver for year 2016 is 12%.

Profit for gold and silver for year 2017 is 0%

Profit for gold and silver for year 2018 is 8%

Profit for gold and silver for year 2019 is 16%

So average profit for 4 years is +9%

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

gold and silver or bank deposits are all not safe because anyone of this can gone so very easy in just one mistakes but in bank deposit its moree good because your money is 99 percent safe even they loss a lot of money your money will go back .

[Pattart]

most people prefer investing in the gold or silver sector rather than deposits in banks because banks have a higher risk, even though now there are institutions that guarantee customers but still when a bank experiences bankruptcy or bankruptcy customers will find it difficult to claim their money deposit at the bank.

Many people trusted gold more than banks (third parties) they knew that they would get a lot of restrictions in using their money when
saving it in the bank, let alone there was administrative costs and the risk of inflation. so did I, I also preferred to save wealth in gold or silver..

[First77]

Well just ask a citizen of Cyprus what they think about it, I am sure they would have very valuable insights into the OP question after their state stole some 80% of what thay kept in banks.

Why is Gold more safer ? Is it because you will buy or sell gold in all the countries for $1200/ounce [current market price]