Gold & Silver are safe than bank deposits ??

[lionheart78]

Yes,  while many people assume their assets are protected, there have been historical instances where governments have seized citizen property stored in banks.

Agree. Just like in India I’ve heard not long ago that citizens are being limited in possessing gold and those who are found out to be with much will be confiscated by the government. I dont know how true it is but an Indian friend of mind told me. Besides, not every year gold and silver have the same demands. Still goes with the trend. I can still remember there was a period of time when people where not attracted to silver and silver was not in fashion so demands was low also.

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[sakokinak]

I do not think so gold or bitcoin has its own points we should accept when buying it and many soon notice the potential of bitcoin in the future should have bought bitcoin stock

As for me, gold is good for investments while silver is not. bank deposits are risky a bit. That is why my choice is the cryptocurrency. I prefer to buy Bitcoins and hold the crypto.

[ufalo3]

yes you are gold and silver of course to be the best rather than having to deposit at the bank, when you deposit at the bank you will be taxed and when you deposit in the bank the money you deposit will be used for other purposes first.

Gold and silver can be saved for ages - these metal will only grow in price. The time does not affect their value negatively. Banks can vanish, and in a way, you risk when you store your money there.

[Boris_sahnevich]

Gold and silver are more reliable and guaranteed means for investment. Bank deposits are more risky, because the bank can go bankrupt.

[First77]

Gold and silver are more reliable and guaranteed means for investment. Bank deposits are more risky, because the bank can go bankrupt.

Paper gold not so shiny anymore: Prices hit 19-month low as speculators ‘give up hope’

The price for gold – which has traditionally served as a haven asset for investors – has fallen by nine percent so far this year. Holders of gold futures contracts, not the physical metal, are shorting their positions. Last week, the price for the yellow metal fell to its lowest level since January 2017. On Tuesday, it was trading at $1,194 a troy ounce. Global demand for gold futures in the first half of the year was at its lowest since 2009. Experts say the US dollar’s unexpected strength is one of the reasons why gold became less appealing to investors. They warn that pain in the gold market could intensify.

https://www.rt.com/business

[Fitrilalala]

I do think deposits is better, you got annual money that you can use and i think investing in gold is not good thing cause low revenue and not even good for long term, i would choose real estate instead than gold.

[Sama517]

If I am to chose between fixed bank deposit and gold & silver investment, I will chose the later. The gold and silver to me are safer.

[markj113]

Ask the people of Venezuela, Zimbabwe and Cyprus after their banking haircut which is better - fiat in a bank or physical gold held.

Don't get distracted by short term price noise.

Laws are now in place that when you deposit cash in a bank you are classed as an unsecured investor, the money is technically no longer yours.  Enjoy the next round of bail ins that will no doubt occur sooner or later.

[RasicaOla12]

Just as we have our own secrets as well as we know how to store them and how to protect them, they will be safe for us whenever and wherever you are, so you can invest in gold or silver. silver or cryptocurrency market

[alpcaba45]

gold is the only mine to not lose value on the world. banks always work to maximize their own earnings. they do not care about customers. I always trust gold more.

[First77]

gold is the only mine to not lose value on the world. banks always work to maximize their own earnings. they do not care about customers. I always trust gold more.

The Central Bank of Russia bought 26.1 tons of gold in July, bringing its holdings to 2,170 tons, according to International Monetary Fund data compiled by Bloomberg. It’s the largest single monthly purchase since late 2017. The stockpile was valued at $77.4 billion at the end of last month, according to the Russian central bank’s website. At current prices, the reserves are worth around $83.6 billion.

https://www.rt.com/business/

[satana_igor666]

Precious metals will always be in price as if the economy has not changed.  It will always be profitable to invest in gold.

[Pan Troglodytes]

I do not think so gold or bitcoin has its own points we should accept when buying it and many soon notice the potential of bitcoin in the future should have bought bitcoin stock

As for me, gold is good for investments while silver is not. bank deposits are risky a bit. That is why my choice is the cryptocurrency. I prefer to buy Bitcoins and hold the crypto.

So you are saying that bank deposits are risky and that is why you choose crypto. That would suggest that you think crypto is not risky. Actually it is hard to find a more risky asset, so you should rethink your strategy, your assumptions are all wrong.

[markj113]

So you are saying that bank deposits are risky and that is why you choose crypto. That would suggest that you think crypto is not risky. Actually it is hard to find a more risky asset, so you should rethink your strategy, your assumptions are all wrong.

Crypto is extremely risky.

Banks are not the safe haven they are made out to be.
 - Check the recent bail in laws introduced.
 - Cash deposit + withdrawl limits in place.
 - Recent history demonstrates bank holiday with imposed balance hair cuts (cyprus)
 - A move to cashless makes things worse elminating bank runs/ no escaping NIRP + ZIRP (loss in buying power through inflation)
 - Banks requiring state bail outs (others currently on the brink like Deustche Bank)
 - In the UK £85k bank deposit is allegedly protected.  In reality if this situtation was to occur multiple banks would be insolvent and there would not be enough funds held to reimburse all protected deposited sums.

[Belliapro]

at least they are guaranteed commodity assets even though with the right level of stability, bank deposits are the same as crypto, all of which depend on market fluctuations and tend to be policies that are too profitable for certain parties, at least gold and silver have legal ownership that can be legally accountable.

[ucingucingan]

precisely bank deposits are safer compared to gold and silver, because at least when we deposit at a bank there is a legal umbrella that protects our funds from various forms of crime such as theft and reimbursement if the bank experiences a disaster, different if we buy gold and silver and store it alone of course all forms of risk are also borne by themselves

[First77]

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

Banks have to increase interest rates to 12% p.a. HSBC has $2,000,000,000,000 assets. Banks earn huge profits from people's money/deposits. Their managers are paid $20,000 to $40,000/month salary but people get 7% p.a interest rate

Otherwise people's money is going to Gold and Silver.

[F_Ivanov1993_]

Bank deposits, though reliable, but they bring a small profit.  After them, in my opinion, the most reliable and more profitable is gold.

[Farma]

I do not think so gold or bitcoin has its own points we should accept when buying it and many soon notice the potential of bitcoin in the future should have bought bitcoin stock

As for me, gold is good for investments while silver is not. bank deposits are risky a bit. That is why my choice is the cryptocurrency. I prefer to buy Bitcoins and hold the crypto.

So you are saying that bank deposits are risky and that is why you choose crypto. That would suggest that you think crypto is not risky. Actually it is hard to find a more risky asset, so you should rethink your strategy, your assumptions are all wrong.

well, maybe it's wrong to think that banks are more risky than crypto, because basically, crypto is full of risks if it joins it. for now, it is safer to choose gold and silver if that is necessary, but some people prefer to choose deposits at banks rather than investing in gold and silver. if talking about a safe matter, I think the deposit in the bank is safer, because it's all guaranteed.

[Pan Troglodytes]

I do not think so gold or bitcoin has its own points we should accept when buying it and many soon notice the potential of bitcoin in the future should have bought bitcoin stock

As for me, gold is good for investments while silver is not. bank deposits are risky a bit. That is why my choice is the cryptocurrency. I prefer to buy Bitcoins and hold the crypto.

So you are saying that bank deposits are risky and that is why you choose crypto. That would suggest that you think crypto is not risky. Actually it is hard to find a more risky asset, so you should rethink your strategy, your assumptions are all wrong.

well, maybe it's wrong to think that banks are more risky than crypto, because basically, crypto is full of risks if it joins it. for now, it is safer to choose gold and silver if that is necessary, but some people prefer to choose deposits at banks rather than investing in gold and silver. if talking about a safe matter, I think the deposit in the bank is safer, because it's all guaranteed.

As I said above, go ask people from Cyprus or Venezuela what they think about the guarantees  from bank.

My personal list of assets is the following, and I suggest to diversify:
1. gold - for preserving capital, extremely low risk
2. silver - more volatile than gold, for preserving capital, low risk
3. crypto - possibility of huge profits, high risk
4. bank deposit - guarantee of slow erosion of funds, medium risk