Deposits-in the bank or in gold?

[ftopikit]

In the future, it is better to combine gold deposits. But it is better to invest in bitcoin or alcoin, study this topic, it now brings passive income to many, yes there are the same risks, but they are much less. A couple of hours a day and you can grow into a good profit.

[Semar Mesem]

In the future, it is better to combine gold deposits. But it is better to invest in bitcoin or alcoin, study this topic, it now brings passive income to many, yes there are the same risks, but they are much less. A couple of hours a day and you can grow into a good profit.

If we have a lot of money of course we have to divide it into many places, don't just rely on one place to save because if there is a problem then we will lose it all, saving money in gold is a good thing because the value of gold always increases and gold is always the standard in determines whether the price will increase or not.

[yohananaomi]

In the future, it is better to combine gold deposits. But it is better to invest in bitcoin or alcoin, study this topic, it now brings passive income to many, yes there are the same risks, but they are much less. A couple of hours a day and you can grow into a good profit.

If we have a lot of money of course we have to divide it into many places, don't just rely on one place to save because if there is a problem then we will lose it all, saving money in gold is a good thing because the value of gold always increases and gold is always the standard in determines whether the price will increase or not.

there is always the best from an investment, but combining the two (crypto, gold) is of course also very good, so I really agree that if you have more funds, it is better to invest in several types of investments because it reduces the risk if there is an anticipation error. but if funds are limited then I am more focused on investing in crypto (bitcoin, eth, bnb). Of course it is very interesting and ensures that in the long term it will always be profitable, but you have to be wise when you get immediate profits to release and buy back when the price is corrected.

[puloweh555]

I agreed I would rather place my money into gold rather than deposits into bank, I know that some people will said that gold is high volatility but that is the main source of the double-digit APY  
And if we buy gold I think it would be more liquid than the locked deposit that is offered by a bank. You buy and hold when you need money just sell with no waiting time.

Yes, it's true, this is one of the reasons why I chose to buy gold instead of depositing it in a bank. because of the liquidity advantage of gold we can buy and sell it relatively quickly, when we need money. For future savings, it's better to buy gold (long-term future savings, a minimum of 10 years is taken) for an emergency fund, it's better to have cash for the remaining 6 months of living expenses in the bank. This is what I've been doing all this time. Don't mess with funds for business + business development. be a smooth business + have future savings + have an emergency fund. Of course if we have more money, we can buy bitcoins to add to our long term investment in the future.

[koleusdat]

How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?

Buying gold and using it as savings makes a lot of sense. There may be other calculations from the bank, but I don't know the details. You can ask the bank, what if you buy gold and keep it in the bank? Can you get interested in it? But it seems the bank will not give interest for the stored gold, but I don't know.

But I prefer to buy bitcoin for future savings because the return on bitcoin can be bigger than gold. I suggest you have both bitcoin and gold to get big profits in the future.

The bank said that interest is accrued only later on resale. So I can't make a profit in a month and take it away. Therefore, this option is questionable, it will take a long time to wait for income. It's not convenient and the course jumps, it's unrealistic to guess how much it will be even in a year.

[bayu7adi]

The top priority is to first deposit in Bitcoin, followed by depositing in Gold, and lastly depositing in a bank.

Bitcoin has a very limited supply and is still in its early stages of development. This undoubtedly holds great potential for your assets to grow when retirement comes knocking.

Gold, although resilient against inflation, is quite traditional. Its use is inflexible, requiring more effort to secure large quantities of it.

Banks possess a ruthless ability to create money. Not in the literal sense of printing paper bills, but rather by playing the role of a third party in the marketplace of debts and credits. Inflation is an inevitable outcome of saving in a bank, as paper currency constantly loses its strength.

[STT]

The idea common to all 3 ideas is security and the hanging question is what happens when governments with too much debt have a crisis or lack ability to support themselves.  Currently they use inflation and money printing but that wont always work so then comes direct confiscation or orders to buy government debt no matter your personal wishes.    Unfortunately gold when owned in a vault is as vulnerable as paper money to being forced into this redirection to the greater good and to the savers detriment.
  Bitcoin exists because QE is likely to fall over and be seen as failure, what happens when the taps are turned off on easy money and value is found lost.

[CryptoBuds]

The top priority is to first deposit in Bitcoin, followed by depositing in Gold, and lastly depositing in a bank.

Bitcoin has a very limited supply and is still in its early stages of development. This undoubtedly holds great potential for your assets to grow when retirement comes knocking.

Gold, although resilient against inflation, is quite traditional. Its use is inflexible, requiring more effort to secure large quantities of it.

Banks possess a ruthless ability to create money. Not in the literal sense of printing paper bills, but rather by playing the role of a third party in the marketplace of debts and credits. Inflation is an inevitable outcome of saving in a bank, as paper currency constantly loses its strength.

Why favor bitcoin when it is the riskiest of the 3 assets you mentioned? Should we save first, or should we invest first? While investment does not mean it will always generate profit. Bitcoin is a very volatile investment, so don't prioritize it, you need some savings first. Don't forget, when investing in bitcoin should only invest with money that can be lost, you should not invest with money that can't be lost and affect your life. In my opinion, we should choose the safe option of saving, so we should prioritize first and then think about investment.

[YUriy1991]

Yes, the choice between depositing savings and buying some gold is a decision that should be considered especially when inflation is taking place. indeed a good deposit but the risk of bankruptcy also cannot be ignored even though there is a guarantor institution like you say. Well, if you intend to buy gold from a bank, first you have to identify it first and then ask about the buying process and usually they offer gold in various forms including coins or bars but for added value for customer interest is not given from the bank.

If I have more funds that don't interfere with daily expenses. I will save everything to BTC for 10 years with the intention that this is my deposit and gold for the next 10 years. Maybe not much different, I think.

[koleusdat]

How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?

If I have to choose between these two options, bank deposits or gold, I will prefer gold as my investment option, because gold is opposite directly to inflation, if inflation is very high then gold also rises, it has been proven that gold is the best option between two This, if talking about deposits, it is certain that the interests of the profit from deposits have been confirmed when carrying out deposits and the average annual interest obtained below 8% yoy, of course in the movement of inflation can rise to more than 10%, and of course it is a threat for those deposits investors.
And if you enter the Bitcoin option into one of the two options, I better choose Bitcoin as a means of storing values and investing.

I want to invest in gold so that I can withdraw them at any time. With bitcoin, there are difficulties with withdrawing money urgently (if there is such a case). Yes, gold is a hard metal, but how it behaves at the moment. Does inflation rise or fall with surges?

[Wolyusi]

The most reliable is bitcoin. But if we consider the contribution and gold, then of course gold. Gold grows at any time, it has a minimal rollback, but still you will get a profit. If you consider to earn income, buy Bitcoin after all.

[Litzki1990]

Nowadays, keeping money in banks is very risky because nowadays various banks have gone bankrupt due to loans. So if you keep money in the bank in this situation, there will be a lot of financial risk. Since it is not safe for people to keep money in the bank now, many people are trying to save their money by buying various things. In that case gold can be a good decision. But investing in gold has a very low chance of growth, so if you can buy and hold Bitcoin instead of gold, there is a chance of making a profit as you save money in the future. Many people currently hold their bitcoins in hardware wallets rather than bank money.

[spectre71]

Whatever you do don't diversify! Do NOT keep some cash, gold and silver on hand. Do not maintain BTC as a percentage of your portfolio. Identify through emotion the one of these that is going ot make it big and if you don't do it now you will miss out. Take that ONE and go all in on it! Spend countless hours constantly checking on the sure thing. Enjoy restless nights knowing you did the right thing.

Go big!

[Minecache]

Nowadays, keeping money in banks is very risky because nowadays various banks have gone bankrupt due to loans. So if you keep money in the bank in this situation, there will be a lot of financial risk. Since it is not safe for people to keep money in the bank now, many people are trying to save their money by buying various things. In that case gold can be a good decision. But investing in gold has a very low chance of growth, so if you can buy and hold Bitcoin instead of gold, there is a chance of making a profit as you save money in the future. Many people currently hold their bitcoins in hardware wallets rather than bank money.

I know we are on the bitcoin forum, and there are a lot of bitcoinists. But to be fair, investing in bitcoin also has certain risks, it is not absolutely safe. Therefore, when comparing or giving advice to someone, we need to tell the truth and be complete. I just saw you talking about the collapse of banks and the slow rise in gold prices, and I didn't see you mention any downside of bitcoin. Is Bitcoin perfect and without any downsides? Is that fair? Everything is risky and nothing is perfect, buddy.

[bayu7adi]

Why favor bitcoin when it is the riskiest of the 3 assets you mentioned? Should we save first, or should we invest first? While investment does not mean it will always generate profit. Bitcoin is a very volatile investment, so don't prioritize it, you need some savings first. Don't forget, when investing in bitcoin should only invest with money that can be lost, you should not invest with money that can't be lost and affect your life. In my opinion, we should choose the safe option of saving, so we should prioritize first and then think about investment.

Choose Bitcoin if it aligns with your risk profile. Each of us has a unique risk profile in life. Placing Bitcoin as a priority means considering it as a mandatory investment instrument. The of money you allocate to Bitcoin varies amount depending on your condition. You don't economic power and financial have to put a significant portion of your money into Bitcoin, but prioritize making even a small investment in Bitcoin.

Surely, you understand that keeping money in a bank will only cause its value is due to to decline. This the crazy inflation of fiat currency. An example is in the US, where back in 2010, you could rent an apartment for $1500, but now the rental price has risen to $2300. Saving in a bank will only decrease the value of your money. And to purchase goods at a later time, you will need extra money.

[bbigtart]

How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?

You are right, now keeping money in the bank comes with certain risks. One of the risks of a bank going bankrupt remains and is now a frequent occurrence. For this reason, I think investing in gold is the right choice because it can be a good alternative in dealing with inflation. Apart from that, we also know very well that Gold has been known as a reliable store of value for centuries. The value of gold is always stable, even increasing over time. so, I think Gold is a safe asset in the long term.

Since the OP asked about planning for savings in times of inflation, I'd suggest diversifying and considering different options. You can consider dividing your finances, you can bank savings for daily needs, besides that you can invest in bitcoin too but still according to your long term goals.

[Uruhara]

In the future, it is better to combine gold deposits. But it is better to invest in bitcoin or alcoin, study this topic, it now brings passive income to many, yes there are the same risks, but they are much less. A couple of hours a day and you can grow into a good profit.

Not keeping all our investments in one basket is highly recommended. And if it's to maintain the value of our assets then saving in gold is the right thing. but if we want the value of our assets to continue to grow. then investing in something else is the best. One of them is in bitcoin and property. But I'm not sure about altcoins. Because there are too many risks that altcoins have. unless we only go in for short-term investments and by going through a more thorough analysis therein. But if it's about the long term then investing in Bitcoin is certainly more potentially and safer than altcoins. But if it's only to save and maintain the value of our savings then of course gold is what I also choose at this time. Because inflation doesn't really have an impact on gold. and it has been proven over the decades that the value of gold has not changed much from year to year even during the most recent economic crises in history. Gold is always an option.

[macson]

How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?

did you not want add another option like bitcoin lol

^{[between gold and bank deposits]} --why do have to invest in something that can be continuously printed by the government like fiat currency, imo saving paper money is ridiculous, the thing that keeps happening is losing value over the years, and also the result of inflation.  while gold, well the amount is limited and the circulation of money there is quite fast, apart from that the majority of people still really love gold even gold is still the primadonna for women, this is what makes gold quite immune to inflation.  i invested in gold before getting to know bitcoin and when i got to know bitcoin i invested 60% in bitcoin : 40% in gold.

[o48o]

How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?

I wouldn't say they "often" go bankrupt. But where are you buying your gold? Are you going to store physical gold with certificates? Are you storing it in your home? Are you going to buy a safe or how are you keeping it secure? You can't really store it in bank, like you said, you are afraid that they are going bankrupt. If you are buying commodities from stock exchanges? What if those exchanges go bankrupt?

Imho you can't really live your life scared that banks will fall. And why not buy bitcoin instead? That's more liquid to get rid off and easier to store.

[Vaskiy]

How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?

did you not want add another option like bitcoin lol

^{[between gold and bank deposits]} --why do have to invest in something that can be continuously printed by the government like fiat currency, imo saving paper money is ridiculous, the thing that keeps happening is losing value over the years, and also the result of inflation.  while gold, well the amount is limited and the circulation of money there is quite fast, apart from that the majority of people still really love gold even gold is still the primadonna for women, this is what makes gold quite immune to inflation.  i invested in gold before getting to know bitcoin and when i got to know bitcoin i invested 60% in bitcoin : 40% in gold.

Rather than investing into fiat, it is good choice to go with gold. Throughout history the importance of gold can be seen and the goodness relies on how we make use of it. Women love gold and the same serves as an investment. This is two in one against the inflated fiat. I should've invested in bitcoin, but my major investments were on gold. This is all because of the choice of using it as collateral to get loans when there is an immediate need for money.