Gold & Silver are safe than bank deposits ??

[vagsun]

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 ??

Very well said. Fixed deposit gives us the return of 6%pa-8%pa in India. But we can enjoy higher returns by investing in precious metals such as gold and silver. Till today Old people(Our grand parents) prefer to invest in gold and silver rather than saving in banks. Investing in metal such as gold is highly safe and secure, and moreover it is totally in liquid form as any time we can convert our gold in cash. We get much higher returns in gold and silver investment as compared to FD's in Banks and other financial institutions.

[wantjokull]

If you are looking at them as part of investment which will give you returns over the investment then surely Gold and Silver are the best. Because you know very well that if you make savings in the banks then they will give you 4% of interest per year which is the lowest of any financial institute can give you. They also give you higher rates of interest for the fixed deposits and could be near to 8% but thats also not much. In the case of emergency you can break the FD but at the expense of 1-2% charge and thus everything becomes the worst. Better go for the Gold.

[thuthanh]

On the international gold market, world gold prices fell to their lowest level in more than half a year, becoming cheaper, but according to gold companies, the trading volume on the market was rather bleak and investors were absent. In the first months of 2018, some commercial banks have a tendency to raise the deposit interest rate for 12-month term deposits in order to restructure long-term deposits. So I think the solution to bank deposit is still the safest.

[Ailmand]

I also think gold and silver will be safer than depositing money into banks. Gold and silver are commodities that will rise in price in the future. Sometimes banks may go bankrupt, but gold and silver will never lose its value

Well that depends on many other factors. Although gold and silver are valuable assets that can be converted or sold for money at any point in time, with a big assurance that it will yield good money, the problem there arises from the fact that it can be stolen since it's a physically held asset. If you want to have that as your insurance, then you should take into consideration having a good and safe storage system. On the contrary, when you put your money in a bank, it would be safer because they would provide the safety that you need plus guarantee it as well. Having said, it's always a good thing to be on the safe side.

[First77]

For me i think gold or silver is more safe and i trust gold and silver more because i already feel the profit from investing in gold or silver and this kind investment already exist since old days, that's why this is more trustworthy.

They are buying gold and reducing US Dollar at the same time. They may see the future of US Dollar loses its value so they are trying to reduce the risk of having too much US Dollar.Then they also try to buy enough gold to back up their currency. This is all I heard.

That is for China

[loverets45]

It's very hard to compare, the both them. Its like weighing a featherweight to a heavyweight. For sure, investing in gold and silver will really help you, a lot. When we say a lot, we really meant a lot. Gold and Silver's price really doesn't depend on the government or any agencies, it depends on its quality. While in banking, it rely on the protocol of their agency or their boss, if their protocol do not change, then they will not implement change, unlike in gold and silver.

I think that this idea has now become too much old, people now thinking about new system and ways of earning money.  I think  that in current mature people will refuse both the system and will surely give more preference to online trading and investment where they can find more opportunities of making money.

[alexsandria]

Gold and silver have always been the basis of price and wealth, as we know that the use of gold and silver has been done for thousands of years ago so buying gold and silver is a good and profitable thing.

I dont agree that gold and silver are more safer than banks deposit because i also have some money on the banks and it is really safe and it is very secured but even it is safe to invest in banks, i will not invest all of my money in banks because i will not profitable if will do that.

[First77]

Gold is preserve of wealth and store of value. After 100 years of industrial revolution, Gold has seen and survived many wars, economic crashes, 9/11 terrorist attacks, economic booms, technology revolutions and more..

Gold is hedge against inflation and protects people's wealth during wars, natural disasters [earthquakes etc..], economic crisis

[beyasuli]

I think this is not true because we only have limited stocks of silver and gold and they are not secure.Unlike with financial institutions lije bank.Your money is secure and safe because there are bank staff who look manage it.

Gold and silver are good for investment because they provide greater profits than deposits in banks. The problem is that the security factor is safer for deposits, because the money in the bank is maintained in a system. While gold and silver can be lost / stolen because they are physically. For profit I prefer investing in gold or silver, but for safer and happier choose deposits. Just sleep and money becomes a lot.

[SkvorNyc777]

At a certain point yes, they are safer. But you can be easily robbed if you invest in gold and silver in my opinion. Also world economical crisis may contribute to the golds price.

[Kimi80]

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 ??

Where this projection for  2019 came from?.. Anyway, I think that it has to be much safer to invest in gold or silver(they are in your possession physically) but if you decide to place your funds in strong renowned bank, then there is no much difference. Only thing that is different is income of profit, by this data here it is slightly better to invest in these precious metals.

[Komissarnik]

Valuable metals, gold, silver, platinum, etc. have their final value, Only mining and resale. Creating them from nothing different "philosophical stones" of significant successes affecting the world's reserves did not bring. In the same way, all the fall in the value of the metals in the price in the world history were committed either artificially or intentionally. That in consequence only spurred the rise in prices for them. Therefore, investment in precious metals is the best way to enrich

[lestariptr]

I think gold and silver are safe. Because gold and silver have become investments from a long time ago. And I think it's safe and the value will always rise even though slowly. gold and silver are popular investments and I think it's safe for the future.

[therwtonn]

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 agree, in my country mothers prefer gold than fixed deposits, besides the deposit value is very small at this time and the value of the increase in living costs is not worth it. Different if you have more money, you may choose to invest in land or buildings and can be rented. if I choose, I will choose gold investment and property rather than fixed deposit
In terms of security, it is certainly more risky to store inside the house or in a bank safe box, perhaps with insurance (if there is one), more guarantee

Only those people who may not have good knowledge about crypto currencies may be still they are giving more preference to gold and silver, otherwise I do not think that gold and silver or too much attractive to put our money there.

[Lambe Ndumble]

Gold and silver are the two oldest commodities that have been used for investment thousands of years ago, when the prices of all world commodities such as oil, coffee, stocks and so on dropped during the war, gold and silver were not affected and could survive in difficult conditions such as economic recession world until world war.

[kerremy]

Well, The prospect of higher returns always brings with it the risk of potential losses -- the polar opposite of what we expect from our savings. In the end, the best approach is the time-worn one -- the one that comes down to us through the centuries. It is the most direct, the easiest to understand, and for the past 10 years it has been the most reliable. The best way is to save gold.

[jiya jaena]

Is the profit from gold and silver investment stable? if it is more profitable, why until now there are many people who still prefer to deposit their money rather than investing it in gold / silver?

[laravuemaster]

Gold and silver are the two oldest commodities that have been used for investment thousands of years ago, when the prices of all world commodities such as oil, coffee, stocks and so on dropped during the war, gold and silver were not affected and could survive in difficult conditions such as economic recession world until world war.

In my own opinion, gold and silver are a very good asset aside from cryptocurrency because its value is also continuously growing.

[First77]

Banks in Mongolia pay 15% p.a interest. In Brazil banks pay 13% p.a interest. Now with a single giant bank having $2,000,000,000,000 assets, banks are paying less than 7% p.a interest to feed their super-high profits of $10 billion/year or so..

[Yurkov]

At a certain point yes, they are safer. But you can be easily robbed if you invest in gold and silver in my opinion. Also world economical crisis may contribute to the golds price.

But for me investing in things like gold and silver is connected to bigger profits than investing to anything that bank could offer to use.