Gold & Silver are safe than bank deposits ??

[martychubbs]

Banks are usually more secure because of the other investments sources, but in my country there was few issues, when Banks were just call themselves a bankrupt and scam all the people, who had accounts.

[HauntOne]

Gold and silver are the physical support of the exchange rate.  Crypto currency has value as long as someone buys it and sells it, but it will not accept any physical form, of course.  The most promising is a mobile electronic wallet

[First77]

Gold and silver are the physical support of the exchange rate.  Crypto currency has value as long as someone buys it and sells it, but it will not accept any physical form, of course.  The most promising is a mobile electronic wallet

China central banks have purchased 1000 tonnes gold since year 2010.

[Ayston]

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.

People that has love for technology would invest more on what we called digital things like how e invest in crypto, people who has knowledge and talent plus love with natural resources will go more with gold and silver even mining and making charcoal for investment, I think it depend as well on how people see things on their own.

[noah tall]

Yep. That is true and safe as well. Gold and Silver is always considered precious of all times. When you take History, the kings and queens were exchanging Gold and Silver coins as exchange for their transactions and when paper currency or money invented then everyone migrated to that. But still Gold and Silver are better than bank deposit.

Of course gold investment is far better than keeping money in bank accounts. People put their extra money in banks and withdraw when they need and if you put your money in fixed account bank will give you just small money against your savings. They will keep high share for themselves. Therefore I think that gold and silver investment is good than bank accounts.

[Howard1102]

of course. To me, gold and silver are extremely safe assets. But banks sometimes face a lot of risks if we send money to banks. I have seen some banks declare bankruptcy and they do not pay any money for everyone

[sepeda karat]

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.

[iv4n]

I believe op should include bitcoin as a type of investment and some other alts. Maybe risk is bigger with that, but the profit you can make is sure much higher, and we can talk about how big risk is investing in crypto and investing in gold or silver, or simply by holding money in the bank. It's a big question which bank to choose, which currency, where to store gold or silver, which crypto to choose.
That's why everyone should do a research before making investment, before making it to know possible risks and possible returns, how much time to wait, etc. Planing everything before is wise thing to do.

[kalawang]

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 ??

Maybe we dan and it you are respectable with a great mind and body are just a great mind that you can get the market it is possible to invest, right, the right direction and technology. Cause we should be able and technology in this day of cryptocurrency and it is to give up our economy

[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.

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

Yes, properties like gold easily attract the attention of others but ones have a lot of money his/her cannot be steal cause all he/she need to do is get register the gold as his/her own family gold.

Don't you know people have their own family gold which can be identify if stole?

[Poorman80]

We cannot compare banks with buying silver and gold. They are really different though I did understand your point. Banks are regulated or controlled and is dependent on gains such that it cannot give more than what it does have because it would lose. Banks are dependent on how they gain from people unlike gold that lives with wants for luxury and may even be valued or sold higher than whatcis usual. So for these reason they are different but I do agree with your thinking. It is way better in terms of increase.

[meanwords]

I kind of agree that Gold and silver will give you the safest security when it comes to your money. We all know that most of the time, we really don't have our money and that the money that we give to the bank are not in our control once we deposited it. Gold and silver however, we can have a full control over it which is great. Also, as you just stated in your post, banks give more investment return more than the average bank annual interest. So I'd say Gold and Silver are safe rather than bank deposits.

[stellgod]

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.

It is actually the same strategy to divide your money in junks. Allocate every junk to some important source so that your ending month would be giving you a better result. Like some portion must be involved in bitcoin, the other one is in gold and silver, some must be retained for daily usage and for being proactive, there must be some amount allocated for emergency concerns.

[JaxxBoll]

That is the thought of those who do not want to carry money to invest. I think investors who like to invest often want to send money to the bank to be ready to transfer money to invest. But buying gold is safe but there is not much money for us.

[Nosequired]

Yes definitely. As much as we would all like to think that bank deposits are the safest because of it being our core in the financial world, it's not. In a worst case scenario, if anything happens to our cash currencies in future, our gold and silver investments will never disintegrate and it will always be there. Gold, silver and property will always be the most stable investments for a while

[Biscutard]

A money is a money and an asset is different than money that's why it is safer for your gold and silver than your money because of the taxation they can easily take part of your money in the bank. While your assets is different they can't take some grams of your gold because they want to tax it while you were storing it.

[yusupjatigumilar]

investing in bank deposits is safer because there is insurance that guarantees if something happens to our assets in my country Indonesia is OJK (financial services authority) where all financial activities in my country are monitored and protected by the agency, its different thing if we buy gold or silver there is no institution that guarantees the security of our property

[noictib]

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 ??

For high profit we need a market where fluctuations are big , so here for us we have a work that consume much time but we need to give time for the more profit .
Here you gaves the profit % per year , that is increment of the price of gold and silver per year , so here it will be more better for us to discuss about the fluctuations that take place in the small interval of times in the year , If we can make buy sell of gold and silver Daily ( according to down and up of the market ) then we can make 20-30% profit , but surely here we should keep in our mind that lots of tax system are involved in the gold and silver buy sell , so surely it will be more better to move that fraction of amount of money in the cryptocurrency assets and their with big fluctuations you can make bulk profit , but experience also needed to implement .

[gaurav82]

Everything has merits and demerits. Nothing is good or bad. Only your luck should good. In gold we need to store. Safe lockers available but they charge for it which increase the expense. This is not sure gold and silver always gives the growth. I saw the rate of silver is 80000 Indian rupee of one kilograms. which has down till 35000 Indian rupees. Now it trends about 40000. Some people get rich by Bitcoin in very short period. It's growth average much more than gold. But everything is not constant everytime. Always invest with holding power.

[NewRanger]

investing in bank deposits is safer because there is insurance that guarantees if something happens to our assets in my country Indonesia is OJK (financial services authority) where all financial activities in my country are monitored and protected by the agency, its different thing if we buy gold or silver there is no institution that guarantees the security of our property

although it guaranted by financial service authority, it has limit too.but atleast we are safe while our asset guaranted especially from our goverment.i can't imagine if our bitcoin asset guaranted too.