Deposits-in the bank or in gold?

[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?

Neither gold nor bank savings accounts are a financial tool that are viable for trying to keep up with or surpass inflation.  There is a savings account, or money market on the planet that pays a rate that is as high as inflation is..so that doesn't work.  Gold, which should be bought personally, and only stored in a bank vault, not bought at the bank, is a hedge asset, and one that is not meant to be an investment, something that keeps up with inflation (while it certainly can in the right conditions, it's not it's inherent purpose, or shouldn't be). 

So the answer to just be well diversified.  Have a short, mid and long term bucket of money.  Have money in savings, have some in physical gold and silver , own a retirement plan like a 401k, as well as a basic brokerage account to purchase things like individual stocks, own bitcoin....diversification is king.

Thank you for the competent answer, I also realized that it is pointless to carry it to the bank. The rate is even less than inflation, and it won't work out quickly in case of something, either, it seems that banks should want favorable rates to use our money, but in the end there is nothing profitable.

[Dr.Osh]

When the world economy is collapsing due to the effects of inflation, people are confused and do not know what to do. They are withdrawing their money from banks to survive this recession. , inflation on the other hand has put the bank's bankruptcy in extremely. Practically, those who are investing in Bitcoin in this situation must have taken a good way, and many others have invested in Gold because they do not have good ideas about Bitcoin. However, since the unlimited supply of gold, its price may decrease at any time, but bitcoin suply is Limited, it will naturally increase its price and be the only guide to protect against inflation.

well, if we talk about the problem of inflation, then the way to save it is by investing, and the OP only gives gold options, so gold is an option to survive temporary inflation. however, if there was another option, many people would occasionally invest in crypto, particularly bitcoin.
Personally, generally, if economic conditions are normal, I choose to deposit, that is the safest way to save money, but when it comes to investment issues, then I will choose gold. however, if conditions are inflationary, the safest option is to choose gold to normalize.

[DrBeer]

Probably the most correct decision will be a deeper diversification of assets.
Let the bank deposit, gold remain. But add here cryptocurrencies, stocks of companies, currencies more stable than the currency of your country, buy real estate...

This is guaranteed to reduce the risk of losses under various scenarios of the development of the situation, and will also allow you to keep assets that are highly liquid, which is very important. Because expensive but a low-liquid asset will not help you if you need to exchange it

[fuguebtc]

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 myself like Investing in gold can be a hedge against inflation, because its value tends to rise during uncertain economic times and this was also implemented by my parents first and has proven to perform well anytime and anywhere it can be sold and can also be used as collateral. For banks at this time there are lots of issues of being hit by a hyker attack and prone to collapse, especially those that are performing poorly and I take great care and always monitor so that my funds are not misplaced.

Nothing is absolutely safe and gold has its risks. If you hold too much physical gold and if someone finds out, you not only run the risk of gold theft, but it can also put your life in danger. Or in cases like natural disasters and floods, moving gold will be very difficult. So your assets are not necessarily safe when set all in gold. The best way is to diversify, as many have mentioned, that way, you will be able to reduce the risk. Gold, savings, stocks, or some crypto, it's the best way.

[Inwestour]

Nothing is absolutely safe and gold has its risks. If you hold too much physical gold and if someone finds out, you not only run the risk of gold theft, but it can also put your life in danger. Or in cases like natural disasters and floods, moving gold will be very difficult. So your assets are not necessarily safe when set all in gold. The best way is to diversify, as many have mentioned, that way, you will be able to reduce the risk. Gold, savings, stocks, or some crypto, it's the best way.

The same can be said about bitcoin, if you have a lot of bitcoins and someone finds out about it, then the outcome can be the same. Money loves silence, so you should make sure that as few people as possible know about your funds. If we are talking about a very large amount, then it can be divided into different wallets and stored in different places. Diversification is also a good way to protect yourself from various undesirable situations, and when possible, we should use all available methods to reduce risks for our funds.

[Lorence.xD]

When the world economy is collapsing due to the effects of inflation, people are confused and do not know what to do. They are withdrawing their money from banks to survive this recession. , inflation on the other hand has put the bank's bankruptcy in extremely. Practically, those who are investing in Bitcoin in this situation must have taken a good way, and many others have invested in Gold because they do not have good ideas about Bitcoin. However, since the unlimited supply of gold, its price may decrease at any time, but bitcoin suply is Limited, it will naturally increase its price and be the only guide to protect against inflation.

well, if we talk about the problem of inflation, then the way to save it is by investing, and the OP only gives gold options, so gold is an option to survive temporary inflation. however, if there was another option, many people would occasionally invest in crypto, particularly bitcoin.
Personally, generally, if economic conditions are normal, I choose to deposit, that is the safest way to save money, but when it comes to investment issues, then I will choose gold. however, if conditions are inflationary, the safest option is to choose gold to normalize.

Investing in gold is actually good like you said it can temporary avoid or survive the inflation. That's why if you're gonna invest into something it would be better to not put all your funds in one basket like the quote said. Because there's always a risk involved in this thing it's either loss or not. It always be better to have some alternative investment other than gold like you said crypto industry or real estate. It depends on how people handle the economic issues that might affect the money problems. Bitcoin is a complicated system especially if you don't have some background, people thinking buying gold or in real estate is just easy unlike Bitcoin so it's not popular even these days.

[MarjorieZimmermanGinger]

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?

Do something simpler if you have a much better choice, why buy gold in the bank if it is still available in the store? I understand your point regarding purchasing gold using bank services and in some areas banks also facilitate the purchase of gold as their product. But the problem is why do you have to take this method, even in a store that sells gold jewelry you can buy it independently and don't need a third party to facilitate it.

At present the economic condition is not good so that saving money in a bank does not provide any benefit, inflation and recession have made money lose value and it is often difficult for us to reach a more optimal storage stage when using a bank tube. While gold is a more reliable way to maintain the value of our currency, by buying gold independently you are trying to keep money from losing value and more potential for investment.

[Obari]

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 don't know the convenience in buying gold from the bank and holding over there but the truth  is that over the time, I've always advised people to buy physical  golds possibly  in forms of jewelries and rock them to your satisfaction  because if will never loss value but rather you shot two birds with just one stone.
What I'm saying in essence is that  it would  be better if you buy physical gold since your measure challenge is recession  and bankruptcy and if you're buying gold from the bank and the bank is suddenly  pronounced  bankrupt,  then there are still possibilities that your gold in the bank might suffer the same fate with the regular fiat in the bank.

Just as everyone might advice you, I will still add that you should try investing in cryptocurrency and since we're in the bear market, it wouldn't be a bad idea investing in it because if for nothing,  there are news of bitcoin possible skyrocketing by end of the year or possibly early new year.

[durop77]

Look at bitcoin, which is growing, in any case you will not remain in the red. Deposits are taken away on the contrary, they even stopped covering inflation, the interest there is minimal. Gold is also a dubious investment, and there is also no point in constantly monitoring quotes.

[fuguebtc]

Nothing is absolutely safe and gold has its risks. If you hold too much physical gold and if someone finds out, you not only run the risk of gold theft, but it can also put your life in danger. Or in cases like natural disasters and floods, moving gold will be very difficult. So your assets are not necessarily safe when set all in gold. The best way is to diversify, as many have mentioned, that way, you will be able to reduce the risk. Gold, savings, stocks, or some crypto, it's the best way.

The same can be said about bitcoin, if you have a lot of bitcoins and someone finds out about it, then the outcome can be the same. Money loves silence, so you should make sure that as few people as possible know about your funds. If we are talking about a very large amount, then it can be divided into different wallets and stored in different places. Diversification is also a good way to protect yourself from various undesirable situations, and when possible, we should use all available methods to reduce risks for our funds.

Yes, everything is risky, nothing is absolutely safe. But if it comes to bitcoin, I like its advantage the most is its anonymity as well as if we want to store a large number of assets, it is completely simple with bitcoin. Holding too much cash or gold is really too risky for us, but with bitcoin, no one can know where our assets are except us. But bitcoin's risk is volatility and uncertain future...indeed, diversification is still the perfect solution.

[n0ne]

Deposit in terms of gold is far better than fiat deposit to be on the safer side during inflation. The gold market always have upper hand amidst the level of inflation experienced around the world. Gold have got its years of history and it never declines in value. When it comes to fiat, governments easily print currencies taking account of the economic situation.

Holding of gold is less risky than holding fiat. The value of gold is much of the demand to supply whereas fiat is not following the demand to supply.

[cydrix]

Gold is not a particularly common investment category because most individuals don't know where to begin. The majority of people choose to simply deposit their money in the bank where they can earn interest rates on their savings accounts that are below the rate of national inflation. That results from the general public's ignorance of financial matters.

Thank goodness, though, that anyone may now invest in Bitcoin using any internet-connected mobile device, making it accessible to all. The most adaptable and inclusive investment you can make right now with any amount of money while considering long-term rewards is that. I think Bitcoin has emerged to provide a chance for individuals who don't know how to invest in gold and, as a result, couldn't fight inflation in their daily lives without Bitcoin.

[Bushdark]

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 myself like Investing in gold can be a hedge against inflation, because its value tends to rise during uncertain economic times and this was also implemented by my parents first and has proven to perform well anytime and anywhere it can be sold and can also be used as collateral. For banks at this time there are lots of issues of being hit by a hyker attack and prone to collapse, especially those that are performing poorly and I take great care and always monitor so that my funds are not misplaced.

I don't prefer the two options even though gold is tradable. I will rather use my funds to buy good altcoine in the market that can give me good profits as an investor. The cryptocurrency market has different ways we can make money that is why it is a option for anyone that want to break through financial instability. We always trade coins in the market, hold, stake, mine and do other things that could give up good profits in the market than think of investing in gold where that market can be manipulated by the government. Cryptocurrency has massive opportunity for us to make money as an investor without going through government policies.

[asyakashi]

choosing to invest in gold is very obvious. gold will be a high exchange rate in the future it is said that gold does not experience inflation like currency because of the scarcity to get it. I always save gold every time I get profits from crypto investments. compared to the bank, I prefer trading and then make gold as a long term. I think that's the best way to maintain and develop assets for the long term.

[AmoreJaz]

choosing to invest in gold is very obvious. gold will be a high exchange rate in the future it is said that gold does not experience inflation like currency because of the scarcity to get it. I always save gold every time I get profits from crypto investments. compared to the bank, I prefer trading and then make gold as a long term. I think that's the best way to maintain and develop assets for the long term.

are you buying gold bullion or in other forms of it like in jewelry? i can agree somehow that better invest in gold rather than deposit in banks. we know how much interest your money is earning in banks. so it is like for safe keeping only when you deposit in banks without the expectation of getting any interest.

[dothebeats]

choosing to invest in gold is very obvious. gold will be a high exchange rate in the future it is said that gold does not experience inflation like currency because of the scarcity to get it. I always save gold every time I get profits from crypto investments. compared to the bank, I prefer trading and then make gold as a long term. I think that's the best way to maintain and develop assets for the long term.

If retaining value over time is what you are looking to do, gold is always the better option. Fiat will always lose its value due to a lot of factors, most notably inflation. Whereas in gold, people will always buy it and keep it, and industries will always have use for it. It just keeps on getting more scarce over time that its value is practically guaranteed to go up. Other precious metals can also be considered, too. But then again, gold is the easiest to access and remains to be the most popular precious metal that people know.

[russselcarri]

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 it is inflation, buying gold can be said to be a good choice. In the long run, the income from buying gold depends on the rise and fall of gold. I think the safest way is not to put all your eggs in one basket. You can choose to deposit them in a reliable bank to earn interest, or you can make some fixed investment in Bitcoin. Of course, only long-term holdings can bring good returns.

[Joshapat]

I think the best thing right now is to save money in gold, in my country if you save in banks you only get an annual interest of around 7% or and of course this won't increase your money, while the increase in gold can reach 15% per year so saving in gold is a good thing and more profitable than saving in banks.

[huu78]

the choice between bank deposits and gold investments depends on your financial goals, risk tolerance, and investment strategy. It's important to carefully evaluate the pros and cons of each option and consider seeking guidance from a financial advisor or investment professional who can provide personalized advice based on your specific circumstances.

[Andrija Branislav]

Yes. This Interesting, regarding the discussion on how to keep savings during inflation, I think it's also good in a bank but Saving money in a bank can offer a certain level of security, but there is always the risk of a bank going bankrupt on the other hand and if Investing in gold has a different taste again this can be a good alternative because gold has historically been a reliable store of value.

For carabeli if I'm not mistaken for now you can buy gold through a bank or a reputable dealer, and it usually doesn't generate interest like a bank deposit. However, the value of gold can increase over time, potentially offsetting the effects of inflation. if I if there are more funds to BTC only. I think it's better because the price is very cheap again.