Deposits-in the bank or in gold?

[Wong Gendheng]

If we have billions of dollar money, it is time to buy gold, the potential for profit that is stable and usually higher than inflation will make us get a big profit, when there is an economic problem such as inflation, saving at banks will not get anything, while the value of gold will continue Ride and can't be stopped.

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[Inspiron14]

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.

Yes, that's how it should be because it again depends on you,
asking for advice from a financial advisor is the right step and it will definitely help a lot,
the important thing is to make a decision after you get a lot of information it will be better.

[Andrija Branislav]

In my opinion 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.

[STT]

Gold is speculative but so is modern money and the interest given for money is lending to banks which already have no real need of your money because the currency is issued centrally mostly by a central bank policy biased towards loose monetary policy.  That is to say that interest will always be less then inflation in this modern era of virtual economics eclipsed by politics and deficit financing debt based fiscal policy spending.
   Capitalism is a system based around the strength of the common worker, the induvial not the massive entities we now know but when we issue endless new currency this is no longer a capitalist system.   Free market maybe but not for national currencies hence the idea or fear by the creator of BTC and amazing foresight that he could see a conflict from these artificial systems to a computer based non political system.
  If Satoshi and/or creators of BTC were correct in that extrapolation, a deposit with bank or vault for gold or currency will not ultimately be safe.   Central banks will not allow free competition to exist and this asset in paper or metal will not benefit the original workers and savers in their value saved.  How exactly events turn out and what time frame Ive really little idea, probably little is reflected on this in this decade imo.

[Texac]

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.

Gold is an investment asset, and its volatility is not as great as bitcoin, but we cannot predict exactly how much return it will bring, as you say.  gold is benefiting from the economic crisis, and most likely when the economy stabilizes again, gold will no longer be as profitable as you mentioned.  but if you compare banks and gold, gold still dominates. but if we need to make a profit, why don't we add the bitcoin option, an asset with far more promising returns than the other two?

[durop77]

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?

New week-new quotes. Now during the upcoming presidential elections in many countries. it is better to refrain from buying gold and investing capital in a bank.

[Bitcoin2009]

The best solution for maintaining assets so that they can survive or increase is to save in gold, as we know that gold is the best type of investment which is the first choice for millionaires, if we only rely on banks then the value of our money can continue to decrease.

[Bitstar_coin]

Gold can retain value more than fiat does. If a person bought gold 2 years back and sells now he/she will get a better return of investment than living the money in bank.
In my country, most women buys gold a lot for investment and a form of saving money for future. Gold is always a good choice in the absence of other greater alternatives.

[S A KHAIR]

If there were only 2 options, gold would definitely be my choice. Fiat today is no longer reliable. The government is constantly printing fiat, there is no reason for us to keep them as they will reduce the value of our assets. Do not enrich the government or become their food, be wise before it is too late.

[smile1218]

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?

That is depend on you on how you can tolerate the inflation. If you think that you still have more extra money you can diversify your extra finances it would depends on you on what kind of investment are you interested in. If you have doubt on banks that it will go bankrupt then think of other kind of investment that you will benefit. Just like putting up your own business, gold investment, real estate could be a good investment as well. It would really depends on your financial goal and do a research first before doing any investment.

[durop77]

I don't know what you mean by "How is gold bought in the bank" I think banks do not have precious metals like gold you can buy gold in any jewelry shop without approval from banks.

The good thing about investing in Gold the price is pretty stable and you can hold it for a long-term investment compared to investing your money in the banks with only a small P.A interest.
However, both of them are good investments because both of them will give you profit but Gold always depends on the market value it may drop or increase in value compared to banks where you can surely make a profit from the interest.

only if you buy a piece of jewelry, immediately after the purchase it drops in price. There is nothing better than crypto. Deposits with small percentages are all.

[slapper]

Gold is speculative but so is modern money and the interest given for money is lending to banks which already have no real need of your money because the currency is issued centrally mostly by a central bank policy biased towards loose monetary policy.  That is to say that interest will always be less then inflation in this modern era of virtual economics eclipsed by politics and deficit financing debt based fiscal policy spending.
   Capitalism is a system based around the strength of the common worker, the induvial not the massive entities we now know but when we issue endless new currency this is no longer a capitalist system.   Free market maybe but not for national currencies hence the idea or fear by the creator of BTC and amazing foresight that he could see a conflict from these artificial systems to a computer based non political system.
  If Satoshi and/or creators of BTC were correct in that extrapolation, a deposit with bank or vault for gold or currency will not ultimately be safe.   Central banks will not allow free competition to exist and this asset in paper or metal will not benefit the original workers and savers in their value saved.  How exactly events turn out and what time frame Ive really little idea, probably little is reflected on this in this decade imo.

Ain't this a fine mess we've landed ourselves in! Your breakdown of our financial terrain got me giggling and puzzling in equal measures. Picture our economic structure like an everlasting game of musical chairs, with the tune never hitting pause, and fresh seats springing up! The capitalist promise feels more like a bedtime story these days. Formerly the protector of the ordinary Joe, it now seems like a private party for the big shots. Can we escape this convoluted maze? Cue: Bitcoin.

Our dear Satoshi must have wielded some divination device, foreseeing the impending storm and blessing us with this cybernetic safety raft. But let's ponder over this. Will it be our knight in shining armor or merely another platform prone to misuse? That's a brain-teaser that steals my sleep. About the timeline you asked? Well, buddy, that's anybody's shot in the dark. But this much is certain; we're strapping in for one rollercoaster of a decade!

[Pierre 2]

I suggest noone to hold their gold as assets in bank accounts. Those are lil bit scammish. Honestly saying. I observed there are bank that permits you to withdraw real gold in my country. But there are only 2-3 banks and there are huge limits (waiting for a week or month or something). I think best thing you can do to buy real gold issued by your local company. There is one gold/silver producer in my country so nearly everyone buys their gold and silver from them. Its called "nadirgold". I can safely suggest them if you are Turkish or visiting Türkiye as tourist. I am not well informed with American companies.

[Ayers]

I suggest noone to hold their gold as assets in bank accounts. Those are lil bit scammish. Honestly saying. I observed there are bank that permits you to withdraw real gold in my country. But there are only 2-3 banks and there are huge limits (waiting for a week or month or something). I think best thing you can do to buy real gold issued by your local company. There is one gold/silver producer in my country so nearly everyone buys their gold and silver from them. Its called "nadirgold". I can safely suggest them if you are Turkish or visiting Türkiye as tourist. I am not well informed with American companies.

Exactly, if someone wants to hold gold, it is best to buy physical gold and keep it in his safe. Never deposit gold in a bank for interest, it's no different than we deposit with fiat because what we get from them is just a piece of paper with numbers. But in this case, I would like to add a proposal, in addition to gold and banking, we can add bitcoin. If you are not comfortable buying physical gold to store at home, you can use bitcoin because it is much easier to store bitcoins than gold. But diversify, don't focus on just one asset, no matter how good it is.

[ftopikit]

the gold exchange rate is not growing much, deposits also have no profit. Buy crypto and try to work on it.

[Lorence.xD]

I suggest noone to hold their gold as assets in bank accounts. Those are lil bit scammish. Honestly saying. I observed there are bank that permits you to withdraw real gold in my country. But there are only 2-3 banks and there are huge limits (waiting for a week or month or something). I think best thing you can do to buy real gold issued by your local company. There is one gold/silver producer in my country so nearly everyone buys their gold and silver from them. Its called "nadirgold". I can safely suggest them if you are Turkish or visiting Türkiye as tourist. I am not well informed with American companies.

Exactly, if someone wants to hold gold, it is best to buy physical gold and keep it in his safe. Never deposit gold in a bank for interest, it's no different than we deposit with fiat because what we get from them is just a piece of paper with numbers. But in this case, I would like to add a proposal, in addition to gold and banking, we can add bitcoin. If you are not comfortable buying physical gold to store at home, you can use bitcoin because it is much easier to store bitcoins than gold. But diversify, don't focus on just one asset, no matter how good it is.

That's my method of investing in gold, less hassle less fee when it comes to buying gold itself without the bank that causes your investment interest and fees. It's literally depends on the convenience to one person. If they find gold investment much more better than in the crypto since it involves complicated techniques for newbie to understand. Unlike to buying gold where you can just buy physical gold then hodl it for a long time where it could worth a lot. But for me it would be better to explore more alternatives why not do gold investment and try also the crypto investment for you to know what suits for you funds and your skills.

[Uruhara]

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.

So true. And it looks like OP really wants to keep his money as savings. but he also still wants the value to be maintained and not affected by inflation. So buying gold might indeed be a solution if OP intends to maintain the value of his savings and avoid inflation. But if the OP wants to make his assets grow every year then I think he can invest in something that has an ever increasing value over time like land property and such.

[Ayers]

I suggest noone to hold their gold as assets in bank accounts. Those are lil bit scammish. Honestly saying. I observed there are bank that permits you to withdraw real gold in my country. But there are only 2-3 banks and there are huge limits (waiting for a week or month or something). I think best thing you can do to buy real gold issued by your local company. There is one gold/silver producer in my country so nearly everyone buys their gold and silver from them. Its called "nadirgold". I can safely suggest them if you are Turkish or visiting Türkiye as tourist. I am not well informed with American companies.

Exactly, if someone wants to hold gold, it is best to buy physical gold and keep it in his safe. Never deposit gold in a bank for interest, it's no different than we deposit with fiat because what we get from them is just a piece of paper with numbers. But in this case, I would like to add a proposal, in addition to gold and banking, we can add bitcoin. If you are not comfortable buying physical gold to store at home, you can use bitcoin because it is much easier to store bitcoins than gold. But diversify, don't focus on just one asset, no matter how good it is.

That's my method of investing in gold, less hassle less fee when it comes to buying gold itself without the bank that causes your investment interest and fees. It's literally depends on the convenience to one person. If they find gold investment much more better than in the crypto since it involves complicated techniques for newbie to understand. Unlike to buying gold where you can just buy physical gold then hodl it for a long time where it could worth a lot. But for me it would be better to explore more alternatives why not do gold investment and try also the crypto investment for you to know what suits for you funds and your skills.

Admittedly, investing in cryptocurrencies is a bit more complicated than in traditional assets. But to be safe and give a higher return on investment, I think everyone should know about crypto, no matter how hard it is to learn.
And I want to reiterate, whether it's gold or cryptocurrency, we should diversify, not focus on one asset class, it's very risky for us. It's not just about value risk if one goes wrong, but also about other potential risks like theft or hacker attack. Besides being able to reduce risk, diversification is also a way for us to have the opportunity to increase the return on our investment. Gold is safe but quite stable, so the returns will be negligible, while bitcoin is quite risky, but the returns are substantial. Therefore, allocate and balance your assets in the most optimal way to bring the highest efficiency.

[CageMabok]

the gold exchange rate is not growing much, deposits also have no profit. Buy crypto and try to work on it.

Gold is still in a good category even though its exchange rate has not grown much, because it can also help you not to lose in life. Meanwhile, deposits are ordinary savings that you don't expect any profit from, but for crypto I think this is another option from the two you mentioned, which everyone must understand the risks. Even though the benefits can be many, the risks are also not small, so this requires better consideration before choosing it.

[koleusdat]

Haha, I was reading a few comments and also the Ops question made me laugh at the thinking of some users besides that I will put forward my own view on it. Deposits I think deposits belong by the mean to the investment world and we all know investment brings risk and opportunity both, My stand on deposits belonging is that a specific amount of the deposits in terms of the investment should be used in the Crypto industry not at all supporting the mean meme coins and altcoins my pure intention is with the strong projects and king BTC. Coming to the next point in the coming days there will be a maximum of deposits in the Crypto market reason revolution in the financial world after recovering from the global recession DNA realization of the truth of getting tapped always.

So end of the story is deposits are now or going to be only in the Crypto market.

Yes, the market is progressing, but everyone decides where to invest. Of course, there is no more reliable crypt.