Gold & Silver are safe than bank deposits ??

[senin]

Yes, such calculations convincingly prove that storing savings in gold and silver is much more profitable than on bank deposits. However, in my country a fairly high inflation and bank interest on deposits is 21-23 percent. However, I think that the situation will eventually be approximately the same.

[cherrymobile]

Note: If you like my topics/threads and posts give me "+merits". 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 it will be risen by the world so I read more about economic and technology in this way, the right direction. Cause bitcoin can be your best bet is to invest, the future type. I support even though, right? Hahaha! the future, and technology. The real world is to say it was that the future.

[PIR]

Sometimes we thought that this one is better than this one.. but really they're both better is just that we have to really make sure that what we invest is safe and secure may it be in bank, may it be gold or silver or even money considering that now a days people are very dangerous ans suspicious  and sometimes there are hacker too. as some suggest we need back up plan.

[mriansa]

it seems that everything has its own risk, while for gold and silver more has a very small risk than the bank deposit because the total supply available is unlimited and the demand of gold and silver is also very much.

[ronafurw]

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.

That is up to you. Somehow banks are good in this regard but the problem comes when you observer their policies. They invest your huge money in form of cash or silver or gold, and get amazing profits. But they give you so little percentage. And in some religions it is not legal to take that interest money. So better is to work with that money and earn by yourself. Isn’t it right?

[efxtrader]

it seems that everything has its own risk, while for gold and silver more has a very small risk than the bank deposit because the total supply available is unlimited and the demand of gold and silver is also very much.

Gold and silver less risk than other investment because gold and silver trusted by peoples for centuries. Deposit money in bank have risk inflation and reducing the value.
In this digital era, some peoples think better investing on bitcoin because its more safe and bitcoin have limited supply.

[First77]

it seems that everything has its own risk, while for gold and silver more has a very small risk than the bank deposit because the total supply available is unlimited and the demand of gold and silver is also very much.

There is $10 to $90 worth of gold is each computer (processor). Gold runs the computers/laptops.

There is 20 grams Silver in an average sized solar panel. Those miles and miles of solar farms worldwide.

[Persiville]

it seems that everything has its own risk, while for gold and silver more has a very small risk than the bank deposit because the total supply available is unlimited and the demand of gold and silver is also very much.

Gold and silver less risk than other investment because gold and silver trusted by peoples for centuries. Deposit money in bank have risk inflation and reducing the value.
In this digital era, some peoples think better investing on bitcoin because its more safe and bitcoin have limited supply.

I cannot agree with it actually, coz you know what? Even if we can see that lots of people and new investors go into bitcoin, it is not that plenty enough if you actually think about it. Due to some issues people are even avoiding to invest crypto not only because of some reasons like it had dropped down, and some other negative reasons, but people also differs in perspectives in life.

[pallang]

Yes i agree with you i think investing with gold and silver is more profitable than putting your money on the bank because price of gold goes up every year so you can have a bigger profit compared to almost 2percent on savings account.

[Hatuferu]

Yes i agree with you i think investing with gold and silver is more profitable than putting your money on the bank because price of gold goes up every year so you can have a bigger profit compared to almost 2percent on savings account.

I also think having them both will somehow make you feel secured and safe.It's not a bad idea to put a fraction of your money into your trusted bank and others are for your own investments in crypto and in gold and silver too.They will give you good profits which will be more beneficial in the future.

[Ilegendph]

Note: If you like my topics/threads and posts give me "+merits". 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 ??

The problem in holding gold and silver is that you still pay for the taxes for that year and it seems that growth is not sustainable to the tax accrued. So in conclusion, holding large volume of gold and silver for a long time is not that profitable compared to real estate and stock markets.

[BitcoinTurk]

If you look at the security of the investment and the profitability, the answer will be yes. The reason for this is that banks are at risk of sinking no matter how safe they are, and at another point there will be problems banks may experience. Banks are at risk even at low levels, but gold and silver do not carry that or so much risk. It also offers more income in the long term than the bank.

[markj113]

The problem in holding gold and silver is that you still pay for the taxes for that year and it seems that growth is not sustainable to the tax accrued. So in conclusion, holding large volume of gold and silver for a long time is not that profitable compared to real estate and stock markets.

That would depend where you live and what you buy.

In the UK legal tender gold and silver coins like Britannias, sovereigns, the lunar series and Queens Beasts series are capital gains tax free + all gold is VAT free.

Also with real estate there are additional costs like maintenance etc.

[susuberuang]

if you say the most secure for long-term investments then gold and silver is more suitable and safer than deposit to the bank, because with a deposit in your bank has a very high risk because the bank can collapse.

[taiwww]

Thats the average of 4 years for the piece of metal. Man in crypto we have more than 500% in profits if considered for 4 years profits. It is lot more profitable than anything.

Even BANK, GOLD bonds are very weak in front of the whole thing like that. If we are here then we should really focus on benefits of crypto currencies because there is really one and many to consider for our future. I think no matter what happens with the gold and silver but crypto currencies will always be ahead of them in profiting us.

Banks, always sucks.

[Chetan04]

Thats the average of 4 years for the piece of metal. Man in crypto we have more than 500% in profits if considered for 4 years profits. It is lot more profitable than anything.

Even BANK, GOLD bonds are very weak in front of the whole thing like that. If we are here then we should really focus on benefits of crypto currencies because there is really one and many to consider for our future. I think no matter what happens with the gold and silver but crypto currencies will always be ahead of them in profiting us.

Banks, always sucks.

Not every person in crypto has made profits. For every person in profit, there is someone in loss. So this logic fails here while if everyone buys golds or keeps their money in bank, they all get same return.

Comparing bank deposits and gold/silver, I think investment in Gold/silver wins as they give more return than fiat in banks.

[Baronggot]

It may be one of the investment that's not risky at all because we all know that gold, silver and other precious elements on earth has a very stable value but may eventually rise too. As to bank deposits, though we know our cash is secured but we can't tell whether or not this bank will go on a bankruptcy.

[redsap]

yeah agree gold and silver have a stable profit to investing in the long term, so it can be helpful and low risk if want to invest in the long term investment

[kinamotorami]

Well, if compared, then gold is quite safe, can put them into the safest assets, then to the bank deposit is safe money ranked people. Investing in Crypto is a risky investment. That is my opinion.

[Netnox]

Depends on where you are living. If you are living in some third world country, then there is always a risk of some thief robbing your bullion coins and bars. Also, there is a risk of the government seizing your bullion hoard.