Gold & Silver are safe than bank deposits ??

[apolonio]

For me both of them is safe.You can save your money on both of them. Because you cant save all your money in gold and silver, you need some cash on hand incase of emergency. So 50% on both deposit in the bank and through gold/silver.

[Cult]

I have more trust for gold and silver. Sometimes inflation is higher than it's officially stated so despite bank interest rates you can lose money, while gold value is not affected much.

[Pab]

Price of gold will fail until the end of year.FED told that inflation is already on 2.8%
so it is time to rise rates Fed wants to raise rates to 3% until the end of 2019
Dollar up gold down
But i don't  see banks trustworthy.What you will do with physical silver or gold
you will keep in your house also not so much safe

[senne]

I will not point towards silver but for Gold, definitely yes. As with banks there is probability of some error or corruption but you can trade gold anywhere in the world. Gold has played a key role in the past for trading and even today with the slight news of war anywhere in the world Gold prices shoot up as at that time it will be the only commodity which will have some market value and can be traded with world bank to acquire cash for running various things in the country.

[MedicineVNT]

There are a number of people who prefer to store more gold than to send a bank with some people, preferring to send a bank because they are afraid to lose money or gold while keeping it in the house.

[suzanne5223]

I will go for Gold not bank or silver because gold is more secure. However, I have seen a Nevada millionaire which died and $200 was found in his account while gold worth millions $ was found hidden inside home and garage. This shows that gold is more secure/safe than bank deposit.

[First77]

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.

Those people who purchased Bitcoin at $12,000 or $15,000 when will they get profits ?? Now Bitcoin is $5800 and most likely it is going to $1500

[Gheka]

I will go for Gold not bank or silver because gold is more secure. However, I have seen a Nevada millionaire which died and $200 was found in his account while gold worth millions $ was found hidden inside home and garage. This shows that gold is more secure/safe than bank deposit.

I do not think so, I still feel the bank will bring more safety because property like gold is very easy to attract attention from others, especially when you own a lot of gold, if you are not careful and reveal where you store gold, bandits will visit you, you will easily lose all gold, you will even be in danger and be killed. While banks will have a protection team for your money and they ensure compensation for losses when your money is lost, you can have fun every day without any worries, but remember, always choose a reputable bank, they will provide the best and safest service for you

[abruchifid]

Yes they are better store of value than the bank fiats because inflation will destroy  the value of fiats over time. Our government  keep printing  notes

[Xardasim]

You might be right. But, if you want to make money without risk, choose the banks, because the money you put in the bank is insured and you can get it back if there is any misfortune. In the future, maybe gold will not be as valuable as it is now.

[yahamidu]

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 ??

Yes It's true. I prefer to deposit to gold and silver instead of giving the money I have in the bank because in the bank my money will definitely be used for other purposes thus making my money unsafe. Usually my money in the bank is used for emergency needs.

[First77]

Yes It's true. I prefer to deposit to gold and silver instead of giving the money I have in the bank because in the bank my money will definitely be used for other purposes thus making my money unsafe. Usually my money in the bank is used for emergency needs.

Central banks buy 100 tonnes to 400 tonnes gold every year.

[Sarastiche]

Bank it not a place to invest,bank are more like scam investor,high charges when you lend money from them,but when you save  through fixed deposit,the return is quit low, it wise to trade with my money,but you must ensure youvare strategic in your approach to guard against scam or wrong investment,Gold will forevwr be valuable,but with crypto,the trend is changing.

[wewe123]

The gold and silver are investments that is a long terms even decades, because they are not moving investments , they are stored assets, in the vault, they are quiet safe because you are the one who stored it , but for bank it is not really safe, because bank deposits might get lost if the bank declares bankruptcy,

[Pinoyfan]

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 real problem here is to invest it again in this way to keep your own project. I support even the e!! I support cryptocurrency not. I support even though the future of our country to reconstruct or repair are respectable in many cases, the best cryptocurrency and it will do a new.

[Sadlife]

Gold and silver average profit is 16% when 2019 comes ? i dont think so, cause no one can predict the outcome of the market. Who knows maybe in year 2019 the whales starts coming back in the crypto world and the stock market for 2019 will be 0% and become stagnant. I rather invest my money in volatile crypto's cause the price always moves.

[Sled]

Gold and silver average profit is 16% when 2019 comes ? i dont think so, cause no one can predict the outcome of the market. Who knows maybe in year 2019 the whales starts coming back in the crypto world and the stock market for 2019 will be 0% and become stagnant. I rather invest my money in volatile crypto's cause the price always moves.

It is better for you to diversify rather than going all in into one investment only so you will have the chance to get the potential income in almost all of the investment option that you can do beside from cryptocurrency. Investing in cryptocurrency, stock market and precious metals are great idea as long as you know what you are doing and you are putting your money into the well performing type of investment.

[tuturutmunding]

if in the country I am investing in gold and silver is more desirable than the investment in deposits especially in areas far from the city center, because in terms of process and how to get the benefits of investing in gold is more practical and fast, in addition to the level of trust is also on banks are still low because of the trauma of the news a few years back when the existence of monetary and negative issues circulating in ordinary people, but I think investing in banks or gold at least in terms of resikon as well in terms of profits obtained if we compare it with investment in btc ,

[aeternus]

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 ??

Gold and silver are great investments, even if governments around the world have tried their best to make their prices go down they still give to you those kind of profits, just remember that one of the big problems of gold and silver compared with other forms of investments is that they do not generate positive cash flow unless you sell them and if you do not have a lot of money this is critical.

[Maddinson100]

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.

Inflation is a big problem in every country. In my country the ratio of inflation is about 17% which is very high and due to this ratio the value of our money is decreasing day by day. It is better to invest your money in gold and silver because the value of your investment will increase with the passage of time and you will be mentally relaxed while having gold.