Gold & Silver are safe than bank deposits ??

[martychubbs]

For now as far as I know I can say that in my particular country and gold and silver Investments were worthy,  because the price of gold and silver were continuously growing.

[First77]

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

Money deposits in banks of account holders are issured by central banks/government. That is the least they can do when banks are paying 5% to 6% interest p.a.

[roccobull]

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 would say investments in gold and silver is relatively safe, of course you can't be too sure since markets are unpredictable but from my experience I have been profitable from investing in PMs. They are also more liquid than most people would say. I have had times where I bought some gold bullion, sold it in a week, and received my money a day after I sold it! Overall i'm a big advocate for investing in PMs, I do all my buying and selling at http://nycbullion.com/ they always offer me great prices and liquidate my PMs super quick!

[cezariusss]

Not safer ofc, but with higher potential profit. It also depends on the amount of money you want to invest. If you have at least $1.5-2 mln, then there is an option to visit private bankers and asset management departments at banks. They will control your savings better plus they have much wider variety of instruments.

[Cokot]

until whenever gold will be the number one investment for now, because of very little risk and also a not-so-significant price reduction, I personally save gold for my second asset

[Chupacabras]

In my country gold is insanely expensive,  so I would rather mind my bitcoins then I would buy gold or silver, especially if somebody would know that you have it, they can literally come to your house and steal.

[First77]

In my country gold is insanely expensive,  so I would rather mind my bitcoins then I would buy gold or silver, especially if somebody would know that you have it, they can literally come to your house and steal.

Gold price is same worldwide because Gold is universal. See gold price in US Dollars. Today Gold is $1250/ounce

[Norihiro]

It may be...but that things are closely tied to banks, so there's no big difference between deposit and metal storage...

[First77]

I sold all my crypto a few weeks back and put the lot into gold.Seems I made the right call.Hodl forever is bullshit, sometimes you need to take a step back and know when to take profit and stabilise your gains.

[ghost07]

Yes they are safe because it is materials and we can use it everyday. Compare to bank our money is safe but we cant hamdle it like gold and silver. And the price of gold and silver increase every time the dollar increase.

[Bakemat]

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 ??

In my own opinion, we can say that gold and silver are safer but it was not profitable like cryptocurrency because it was hard to earn this assets since it was required to finish a lot of paper works before you will be able to invest.

[deppil]

Yes they are safe because it is materials and we can use it everyday. Compare to bank our money is safe but we cant hamdle it like gold and silver. And the price of gold and silver increase every time the dollar increase.

yeah you right gold and silver will be safer. besides gold and silver will not be inflation like fiat currency. so even if you keep it save
for tens of years though. the price will not fluctuate. and you have nothing to lose. it's in terms of profit in storing it

[TedMosby]

for me, gold is not an investment, it just an instrument that can minimize "diminishing point" from your money/assets. generally, it can keep the value of your money/assets. 1 gram of gold in the past and 1 gram of gold at this time, has the same value if you trade it with some goods.

[thecoder2017]

I prefer gold and silver to invest with my money rather than in banks because in banks their percentage in interest is low compared to investing in gold and silver because the price of gold now goes higher so you have a bigger profit investing here.

[nguli]

it seems not because gold and silver current supply is very much and the price increase of gold and silver is very long even when everyone knows gold has no limit limit then the gold price can be destroyed.

[@baracitamon]

I think the same level of risk, which is likely to be one of the safest investment types, will in the future fuel more investment in those two types of business.

[Tory-Tory]

Put money in the bank deposit is a hobby for pensioners. Money should work and create new money.
And gold has better indicators during the crisis.

[First77]

There is 20 grams silver is an average sized solar panel.

world's largest solar farm with a whopping 3,450MW installed capacity in a 298-sq-km park, a size equal to 5 Manhattans. It is in China

Video: https://twitter.com/PDChina

Video: https://twitter.com

[anhhung409]

Right. In fact, the annual profit from investing in gold and silver is much greater than depositing it in a bank. And what interest me in investing in gold is that it is not controlled by the government and the bank as well as taxes.

[ausbit]

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 ??

They are safe and very much stable. But I don’t know if you should be taking such a decision. I wouldn’t advise anyone to just move every money in their bank account to silver and gold, lol it makes no sense at all.

Just look at this, who is ready to buy gold or silver for keep these days? 🤔Uh… and there is also nothing like transaction, gold and silver isn’t something you carry and lastly they are made for investment and not for savings. Save your money in bank, and when you feel like doing investment then you can invest that little in those stocks.