Deposits-in the bank or in gold?

[Alisha-k]

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?

Gold will give you in a very short while what money in the bank will never give you even after 15years of depositing your money with them, the bank would rather take from you in the name of charging you for unnecessary activities

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[Lorence.xD]

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?

Gold will give you in a very short while what money in the bank will never give you even after 15years of depositing your money with them, the bank would rather take from you in the name of charging you for unnecessary activities

Gold is actually a good long term investment so if you're planning to save money then it would be better in gold than bank. Not only the bank would benefit from you but also you've gained nothing as you just stored your money. I think it would be better to invest by just buying not on the bank to avoid many fees and transactions which is hassle.

[Ricardo11]

In my opinion you should invest in gold. Because, usually the interest rate in the bank is low which means we usually get less interest from the bank. And you will always get lower interest comparatively due to current worldwide inflation. And now some banks are going bankrupt. You invest in gold for a long time. Gold is always a low risk investment. Because the value of gold is always high despite the inflation around the world. If you invest long term in gold, you can profit. And it will give you higher return than the bank.

[Halime Anatolia]

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.

If you compare it to BTC, it's definitely a different story. if the comparison is only money and gold, which is better if it is stored automatically is gold, which has been historically practiced and proven to be superior in various ways. the difference is that if you sell gold, people are still thinking about it, because the way to get it, you have to collect money little by little, then buy the asset. But, if the money is different, it feels like you need to withdraw.

[Kimonoe]

of course choosing to collect gold rather than saving money in the bank, but at the bank we also have to have a balance in anticipation of a sudden need. The choice of gold here is because by saving in the form of gold it is hoped that later the price will rise, it is different in banks where even though they get interest but not how much. moreover, gold has also become an investment tool for everyone, so it is still said to be safe, especially if we buy it in physical form. So, when I was a child, I was advised to save money so that we would be lucky later, now that slogan is no longer valid

[Fortify]

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?

With the current interest rate environment it seems like savings in the banks (at least the ones passing along the interest rate from the central government) is the way to go. Gold is highly unpredictable so while it might be fine for rich people with a lot of slack in their investment portfolio, to put say 5% of their wealth into these sort of "alternative" investments, if you want your money to perform in the long run you need something more consistent. Many people will actually be taking money out of the stock market right now because it makes zero sense to have money at risk earning 5% when you can have almost zero risk bank saving accounts at the same amount.

[marcous]

With the current interest rate environment it seems like savings in the banks (at least the ones passing along the interest rate from the central government) is the way to go. Gold is highly unpredictable so while it might be fine for rich people with a lot of slack in their investment portfolio, to put say 5% of their wealth into these sort of "alternative" investments, if you want your money to perform in the long run you need something more consistent. Many people will actually be taking money out of the stock market right now because it makes zero sense to have money at risk earning 5% when you can have almost zero risk bank saving accounts at the same amount.

Yes, that's right, if I may add, individual tendencies in making choices for deposits depend on experience and a thorough understanding of these two things, bank deposits or gold. Both certainly play a role of different risks and different benefits. However, minimizing all forms of losses is the goal of the deposit itself and vice versa, taking a larger profit margin is what we want.

In my opinion, all forms of deposits have risks, therefore risk management is very important, and determining the future goals in deposits before making a decision is a matter of wisdom. By paying attention to these two things, I think we can determine the results we will achieve in making bank deposits or gold. There is also nothing wrong if we try to balance between the two, meaning combining the two into a strategy to reduce risk and increase profit margins within a certain period of time.

[|MINER|]

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?

Currently the inflation is increasing by the speed of horse. In this situation, instead of keeping money in the bank, I think it is better to save your fund in some other way. Because holding money now means the value of your fund will gradually decrease. So in this case I think gold can be a better option to saving your fund. Even then you don't earn interest from them. Because the more inflation will increase the more your gold price will increase. And since the banks are also going bankrupt now, I think holding gold to myself would be better than keeping it in the bank. Because security First

[Slow death]

normally I wouldn't post, but after seeing what OP wrote I couldn't resist and I have to make this post of mine, when OP says banks can fail he's right, but he's forgetting that gold can also be stolen, a thief can get in at OP's house and stealing all OP's gold, at the bank they can also steal OP's gold, so there is nothing that doesn't have a disadvantage, it's unbelievable how certain people still think, demonizing banks and putting the advantages in gold and Not to mention the disadvantages of gold is also wrong. who said gold has no downside? even bitcoin also has disadvantage. people need to understand that banks are never going to go away, they are here to stay for many long years to come.

the most important thing is to live well with everything, be it banking, be it gold, be it bitcoin. there is no need to demonize one thing and put another thing as if it were superior when in practice both things work. it's enough for OP to think: buy a gold bar worth 1 million dollars and hide it, then OP dies and nobody knows about his gold and his children are in need. so in this part the OP's gold had a disadvantage. but if OP had left 1 million dollars in the bank then OP's relatives would be called to the bank to take the money. the bank has its advantages and disadvantages

[BenCodie]

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?

Before the Nixon era money was backed by gold, therefore you could have just held cash and that was technically worth a fixed amount of gold per dollar...we're far from that age now.

Buying gold is a fine idea for store of wealth, as it is a store of value asset. I do think that Bitcoin is the better equivalent though it does generally have the stigma that it is not as reliable as gold in the event of an energy/technological fall-out.

I wouldn't recommend buying and storing gold if:
- You will need to make it liquid again within 12 months (might as well use Bitcoin in this case)
- You can't securely store it, or you'll entrust someone else to.

I prefer Bitcoin though that doesn't mean gold too can't be used to beat fiat money deterioration/inflation.

[Asuspawer09]

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 mean yes if you put your money in the bank most of the time the interest your going to get is just too low and at the same time the value of it is dropping because of inflation but at the same time you still need to put some amount on your bank so that you have a cash or emergency cash that you could get at any time, also your gonna need a saving so you could put that in the bank as well. So at least your put some savings that are up to 3 months of your salary as your savings.

No doubt that gold is better as an investment since the value of it is almost guaranteed that after years you're going to get a higher value of it. But if it is always better for long-term investment even though it is gold the value of it is still volatile so if you planning to just sell it after a few months or a year your probably not going to get a lot of profit or possibly you could also lose your money.

[STT]

Once upon a time it was the same thing, banks were fractional but ultimately it resulted somewhere in a gold deposit against the value saved.   Thats no longer, we have a tether untied and an endless devaluation where savings are seen as the enemy unbelievably.    Just as recently as the last year, savings remaining vs inflation ongoing was seen as a negative because it meant the consumer could continue to spend rather then retract.  
   Capital should be value but it doesnt especially anymore; since we have thrown away the rules on money at least keep 1% gold or some equal store of real value not just a note of debt covered by hope.

[hafiztalha]

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?

Deposit in a gold is good investment, if we invest in gold, gold value will go to the inflation. When inflation will be high, deposit in gold will be best option, deposit in bank in gold will give a ROI and we will get 10  percent returns. You are right in this point of view, banks can  bankrupt and it is fact that banks can go to out of cities. If you do not trust on banks, do not deposit your money in banks. Rather investment in gold is good idea and it will save your money. More than 90 percent banks are not able to trust. Banks make money by using money of public and they make a fraud.

[flipme]

We know that gold has failed to respond adequately to inflation in recent years. There are many reasons for this, of course, but I think the most important ones are that it is an investment instrument that is open to manipulation and the downward pressure on its price. Since I see gold as a slow-moving investment instrument, I prefer to buy Bitcoin instead of gold because Bitcoin purchased with the right timing earns more than gold.

[Ben Barubal]

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 the one who said that there are banks that are closing due to inflation, so what is the reason to put money there? If you know you are in a situation of extreme inflation, there is no reason for you to put money in the bank. Are you going to board the ship that you see sinking? You already know what you're going to do, right?

     But if the economy is doing well, maybe at least it's okay to put money in the bank. But since you are here in the cryptocurrency business, you can put your money here depending on the coins you want to hold long-term or short-term; that depends on the results of the research you will do.

[Gaza13]

Saving money in a bank or deposit does not make your money increase, but instead our money decreases. Fraudulent banks, as if giving advice to customers, will give a certain percentage to each customer from the agreement agreed upon in their deposit. Each country has different calculations or percentages, in my country for taking deposits the government regulations impose a tax of around 20%, If there is gold being traded in a bank, it is best to avoid it, for fear of the bank collapsing. Maybe a little advice on buying gold which is better appointed by the government as a company. Gold is indeed a commodity that is quite stable in the face of inflation.

[jasonjm]

Any kind of precious metal is a very good investment, as they are a hedge against inflation. Gold is the ultimate option to save your money, and at a time when inflation is hitting every part of the World and every class of the population, it is important to have some investment in Gold because of inflation and devaluation of the currency. Saving in the banks is not a good option currently, and the chances are that your money will be devalued due to inflation. Invest in other mobile/ liquid assets as well to increase the security of your money against devaluation.

[Dr.Osh]

depending on the money I have. If I already had a lot of money, I would choose gold for long-term investment. However, the deposit offers quite good interest every month. If we have a lot of money and deposit it, it can become another source of income. This is often recommended in books about long-term investing. However, if this has been achieved, and we have income that continues to increase every month, then I will choose gold for long-term investment. Gold is known as an asset that is not exposed to inflation, it can be a savings and investment at the same time.

[taufik123]

Any kind of precious metal is a very good investment, as they are a hedge against inflation. Gold is the ultimate option to save your money, and at a time when inflation is hitting every part of the World and every class of the population, it is important to have some investment in Gold because of inflation and devaluation of the currency. Saving in the banks is not a good option currently, and the chances are that your money will be devalued due to inflation. Invest in other mobile/ liquid assets as well to increase the security of your money against devaluation.

Don't say gold is the main option to save your money, rather one of the options is gold.
There are some investments that are good for the long term such as Bonds, real estate, or large expanses of land, and some Bitcoin investments that are certainly resistant to inflation.

Bank deposits are the last resort when all access to investments is closed such as crypto.
But you should not put everything in the bank, it is not recommended.

There are several other strategies that can be applied besides having to save in the bank or choose gold for long-term investment.
That is by using the Hybrid HODL & Derivative strategy that can optimize your investment.

[Altryist]

Don't say gold is the main option to save your money, rather one of the options is gold.
There are some investments that are good for the long term such as Bonds, real estate, or large expanses of land, and some Bitcoin investments that are certainly resistant to inflation.

Bank deposits are the last resort when all access to investments is closed such as crypto.
But you should not put everything in the bank, it is not recommended.

There are several other strategies that can be applied besides having to save in the bank or choose gold for long-term investment.
That is by using the Hybrid HODL & Derivative strategy that can optimize your investment.

Remember how a hundred years ago the government banned the storage of gold and confiscated it from the population, history teaches us that in difficult times governments are capable of many troubles.

Bank deposits in today's realities, when inflation is perhaps even greater than what we can get from deposits, is a very stupid decision.

There are not many options left, and the real estate markets may also be going through very difficult times, do not forget that everything is cyclical and now we are entering a phase when the global crisis will bring us very difficult times. Perhaps in this case, Bitcoin can become a kind of salvation for us, but it must be used as one of the assets, there must always be diversification.