Deposits-in the bank or in gold?

[usekevin]

The percentage of money return for the fixed deposit will be low as compared to the long term profit from the gold.Because gold had stability and gives you solid return from your holding period.During 2000,the price of gold was ten times lower then 2023.It mean in the twenty year of time period.The return is 100 percentage of the initial invested value.The money was invested in real estate and gold for the future assets.The assets can be change of this two,very rare people choose of the bank for the 5-8% of their yearly interest.In many countries,the interest rate for the old ages people alone high like 8%.To rest of the investors bank pay the maximum amount of 6 percentage which is split with the annum and not a profitable one.

[bettercrypto]

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?

As far as I know, you can't buy gold only at the bank, as far as I know. So if you are asking where is it better to put the money, in the bank or in gold? And for now it is too risk to put our money in the bank if you are located in U.S especially in the inflation they are facing it now.

      Of course, for me it's better to use it in gold than in the bank, because at least with gold anytime it can become money and at the same time there are also ups and downs that happen here when it comes to business trade.

[Unbunplease]

The banking system today looks extremely unreliable. It is constantly shaken by various crises. Your account can be blocked at any time, the bank can close. And not the fact that you will be able to get all your money back. That's why investing in gold seems to be more reliable.

[ChiBitCTy]

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.

[shinratensei_]

honestly having gold make more sense, you should remember the crisis before, the value of fiat are plummeting so hard yet gold is having its good time with massive increase.
the thing with gold is that it's not only being considered a good store of value and the fact that it could counter the current inflation but more of the fact that there are so many that thinks that gold is the real money.
even fiat was initially backed by it, I think if you really eager counter the inflation just invest in gold.
otherwise bank deposits is ok but always be sure to take a look at the interests rate, whether it could truly counter the inflation.

[Xampeuu]

I think saving money in gold is better to fight rising inflation than saving in a bank. So far, bank interest rates for deposits are not feasible to offset the inflation rate that is happening. but we also have to be able to see the characteristics of investing in gold, which of course cannot be done in a short time, the long term is an option to provide a decent return on gold investment. let alone investing in gold in physical form, then we have a double advantage as jewelry

[Don Pedro Dinero]

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?

The answer depends on your particular economic situation and where you live. In many countries, even if a bank fails, deposits are guaranteed up to a certain amount. In Spain it is up to 100,000 euros per bank, so you can have half a million euros spread over 5 banks and your money is guaranteed. In the USA it is up to $250,000. So I don't think you need to buy gold. If you do, you are going to pay fees that if you had to sell the gold the day after you buy it, you would make a loss. The smaller the amount, the bigger the loss. So I would keep the money you might need in the bank (and a bit in cash at home) and gold as a medium or long-term investment, but bitcoin is better for that.

[spiker777]

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 think it is best to not get involved with banks at all. if you want to invest in golds then you need a better way of storing your golds. keeping them in bank is same as depositing in the bank. and I don't think there is much difference in interests of boths. maybe little bit.
having gold is good but keeping them in bank to earn interrest is not. unless the bank is really big and trustworthy and have very low chance of bankruptcy and you are sure that your gold will not get lost.

[libert19]

Depends on country.

For example, in my country, bank interest rates have been on par with inflation, which has fluctuated between 3-6% over the last 5 years, while the value of gold has gone double. Looking at history, I'd suggest Gold. Here you can purchase Digital Gold too, so no need of purchasing it physically either.

[Kakmakr]

If I am brutally honest, I do not trust any of the two options. The global Banking system are in trouble, we all know that.... and there are just so much governments can do with bail-outs to protect them.

The Gold industry are also being controlled by Gold cartels and Gold audits are not being done, so people are buying into something that might just be on paper or numbers on a spreadsheet. It might be better to buy physical Gold, but then you have the added problems to keep it safe. 

I like property rentals, because people always have to have a roof over their heads.... and I like to invest in the food & beverage industry, because people have to eat and drink. 

[Dr.Osh]

When it comes to inflation, the best savings are physical deposits, and gold is one of them. that's why it is very important to divide the savings into a few percent and put it in the form of investment a few percent, and buying gold is also one of the best investments. between the two choices between saving money and gold, I prefer gold.

[Gyfts]

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 to me is something people to do protect their wealth. If you have more money than you know what to do with, sure, get some gold as insurance. If you’re trying to maintain spending power and beat inflation though, your best bet has always been stocks. I feel like cash and gold are both lost or confiscated more than I’d feel comfortable with, but you rarely ever hear of stocks being lost or confiscated, not to mention their historical return has been quite higher than gold or cash.

Once inflation stabilizes stocks will definitely see better gains than holding onto liquid cash even if the interest rates might temporarily lower the value of a portfolio.

If the government wants to seize someone's assets I'm sure they'd go after someone's brokerage account. They most certainly would confiscate cash stored in a bank. IMO not even gold is safe from seizure, Bitcoin's the only asset immune from confiscation granted you take steps to protect your private keys.

[Similificator]

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?

Just keep an amount that is enough for you to use in your daily life plus emergencies on bank accounts and keep the rest on investments like gold, silver etc., Bitcoin is a great option as well. Keep in mind though, all these investments have their own risk levels which you should also consider as you create your portfolio and investment strategies. Just try to read and know more about all the investment options that you are considering and then try to weigh all the pros and cons that each option has. Then, try to determine how much risk you can tolerate, how much loss you can take etc., etc. These all may sound easy to others while for some a tedious process but if you really want to succeed in something, you will have to put the time and effort regardless of how you see the process.

[arwin100]

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?

Although its good to listen on everyone's different opinion about certain comparison but still the choice will be depend on what you prefer since the level of risk of those selection is totally different so its really depend on what you can take among those selection although both is quiet safe but there's still at risk to lose value knowing inflation soar high and your money will get less buying power over the years if you select to deposit on banks.

But if you select gold then its also safe value also keep rising and I think you will not lose anything here and patience is only the main thing upon choosing to invest with gold.

[loopes]

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?

Just keep an amount that is enough for you to use in your daily life plus emergencies on bank accounts and keep the rest on investments like gold, silver etc., Bitcoin is a great option as well. Keep in mind though, all these investments have their own risk levels which you should also consider as you create your portfolio and investment strategies. Just try to read and know more about all the investment options that you are considering and then try to weigh all the pros and cons that each option has. Then, try to determine how much risk you can tolerate, how much loss you can take etc., etc. These all may sound easy to others while for some a tedious process but if you really want to succeed in something, you will have to put the time and effort regardless of how you see the process.

There are many trusted bank in the world, do not try to store your money into untrusted bank. but storing your money in bank for long term is not recommended because the rate of inflation is higher than the rate of interest that is given by bank. You have to choose to invest in gold if you want to hold your wealth for a long time without have a worry about inflation.

[demonica]

I have no idea about buying gold in the bank so I can't say anything about that but if you're trying to deposit in the bank, it'll just be kept there with low interest. And as time pass by, inflation could increase rapidly but your deposit in the bank would still be getting low interest so it won't cover the expenses you'd spend due to high inflation. Also what you've mentioned that there are possibilities that the bank can go into bankruptcy so I believe it's better to invest it in gold as it would still be valuable over time. And gold is good for a long-term investment so it's safer.

[kojektea]

gold for long term and bank for medium term. if you have a lot of money to invest I suggest taking both, even not too long to return the investment it is very profitable for those of us who want to take profits with a little patience and gold is the most promising investment in the future because the exchange rate often rises because money continues to experience inflation.

[Zlantann]

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 will prefer to keep my money in any profitable means that I have custody of. When you put your money in the bank you lose total control of your funds. The banks can claim to be insured by the national deposit insurance of any country but the stress and inconvenience that retrieving your funds will cost is sometimes unbeatable. I know when banks collapse depositor's funds are safe but I don't want to go through bureaucratic bottlenecks to get my own money back.

If I may get you correctly you are talking of buying Gold as a currency to trade and hold? Just as few have mentioned banks doesn't sell gold but for some security reasons you may decide to store them over there. But practically you can change the narratives of buying digital gold which is Bitcoin and hold with this you are in possession of your asset and there's no risk of bankrupt or government in control of your assets. Digital money being bitcoin gives you more edge than fiat and it doesn't make any increase all less in a fixed deposit account.

I will prefer buying digital gold if it is safe than sending physical gold to the bank for safekeeping. Bankers are not trustworthy. They can even use your asset for business transactions without your consent. When the bank goes bankrupt you will hear unbelievable stories about your gold deposits.

[19Nov16]

I deposit in the bank, this is because when saving money in a bank it is safer than gold, I can't imagine saving money in gold so it makes it difficult for me to sleep and go to work because I'm always worried if the gold is lost, saving money in the bank is safer because it's easy for us to control.

[Rruchi man]

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?

It makes sense to diversify your investment to other things like purchase of gold, precious metals, bitcoins and land since these are all limited and will have higher values after inflation but saving or keeping money especially in banks is not wise against inflation. Regardless of the many deposits that may be offered by banks, your money will be lesser in value by the time inflation has dealt with it.

 Money kept in banks should not be higher than the money you have invested, money kept in the bank should be for easy access to fiat and not for savings.