Deposits-in the bank or in gold?

[reizella28]

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.

Yes as gold preserved it's value for a long time even in the past era. So investing in gold would be better for a long term, but you could still invest into banks incase you want a short term for you to have funds in case you need it. Still it's up to your preferences if you are patience enough to hold your gold that even your grandchildren could hold them, then for sure it was a good investment.

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[CarnagexD]

Have different baskets. Dont limit your options to between saving in banks or investing in golf. Saving money can be a challenge, especially with limited income and expenses such as school, social activities, and personal interests. However, it's never too early to start thinking about ways to protect your savings against inflation and other economic risks.

Investing in gold can be a good option for protecting your savings against inflation and other economic risks. While it may not be the most traditional investment choice, it can offer long-term stability and security for your money.

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.

You can try to use bank to invest in gold. In our country, skme banks offer gold savings account where you don't actually own physical gold. Instead, you own shares in a fund that holds gold, and the fund is responsible for storing the gold securely. In this case, you don't need to worry about storing the gold yourself. We'll go back to the question if it is safe to go to banks. It makes sense because bankruptcy of a bank holding the gold would not directly impact your investment but if the broader financial system were to be impacted by the bank's bankruptcy, (if you watch the movie Big Short) the value of the fund holding the gold may still be affected.

[bangjoe]

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.

[Wend]

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.

But you need to make sure that you will own physical gold, not gold in the bank. Deposit money in the bank or invest gold through the bank. That means you will only receive a certificate that you have deposited the assets in the bank but that you do not own any physical gold. The risk is the same. If OP is looking to make a profit from depositing money in a bank or investing in gold. Why not think of another solution like bitcoin, for example?

[imamusma]

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?

One of the banks operating in my country is currently experiencing problems with its network. All customers cannot make transactions since 2/3 days ago either on mobile or ATM or through tellers. This is of course very bad when customers need money for urgent needs, the bank only asks its customers to be patient and patient.

IMO, banks are a bad choice right now as a place to keep your money, you shouldn't even keep large amounts of your money there. Banks are getting more and more problematic and will only let you down, so the right choice now is gold or maybe crypto including bitcoin. Losing customer trust in the end will probably be the biggest problem that will be faced by banks around the world. Other assets such as gold, crypto, and several other investment assets are worth considering in my opinion, and maybe it's time to discredit banks as safe and profitable investment options.

[GigaBit]

As the bank is going through an ongoing crisis saving in money in Bank is definitely risky. After recognizing this issue those who try to do this will be responsible for any major disaster in the future. The crisis of the US banks will not be resolved soon. Moreover, we know that the main strength of a bank is public trust, and once it is lost, it will not take more time to bankrupt. In the meantime, the negative impact of the US Bank has started to affect the various banks of the world. But from this point of view investing in gold is quite safe. Many are decide crypto or gold to get rid from inflation. According to my perception and as a smart investor who will invest in Bitcoin will be able to earn huge profits.

[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 wouldn't advice you save up money in the bank but its no bad idea having your day spending money in the bank and inflation is one of the major reason why I wouldn't  advice you or anyone to deposit money in the bank for a longer period of time as there have been cases of local banks going bankrupt and there was absolutely nothing dine about it, not even by the government.

Rather  than bother over where to buy and store gold, I will advice that you just buy the gold infirm of jewelries and I once had an elderly friend who invest strictly in looking  classic in gold and diamond and I at some point thought it was a total waste not until I went so close to him and then realized that it was all form of investment  to him and he also told me that he has been in the business  for over 18 years as at then and still doing well in  it and what he simply does is buy gold and diamonds in firm of jewelries and sell them off when the need be.

So I would advice that you get gold in firm of jewelries,  rock them and when the need comes for sell, you sell them off and restock and its just like saying one is aiming  two birds with one stone.

[Marvell1]

Investing in gold could be an option, but people in this forum including me prefer to invest in Bitcoin to hedge against inflation because the return could be higher than gold and the uniqueness of decentralization which you can't find in any other asset.

Bitcoin should be added in this case as it is also resistant to inflation, and the security and convenience of bitcoin are superior to gold. Holding too much physical gold in your home is another risk when investing in gold. Gold is quite cumbersome to move as well as store, so it will be easy for others to notice if we hold a large amount of gold. But bitcoin will perform better in this case, storing and preserving bitcoins is easier than ever when we just need a hardware wallet and remember the passphrase carefully. Bitcoin not only guarantees the value of assets but also ensures our own safety. If I were OP, I would consider and choose bitcoin over gold and bank deposits.

[Hamza2424]

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.

[jrrsparkles]

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?

Simply depositing into the bank account will actually make you to lose your money because they give you less interest rate than the actual inflation rate of your country so it doesn't make sense at all to keep money in your bank after certain stage so keep it as gold because its proven cause centuries old asset never lost its value.

[Lida93]

Making deposit in bank doesn't nowadays doesn't give any profit, the interest is something next to none. In that o mean the banks are just there to make profit for themselves using depositors money without corresponding returns as profit.

Gold is a good asset to invest in as it doesn't depreciate in value like fiat money. The value of gold in the market keep adding as demand for it arises. One of the great ways to insure your money not to loss value in years to come is for you to invest it in buying gold  instead of depositing your fiat in the bank.

[Adbitco]

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.

Presently I won't encourage any one to leave their money in bank or even deposit gold in bank, instead bitcoin is more preferable to  buy and hold. This so-called bank uses our money for loan at end of the day they ended up giving us some trash after which they might made serious interest from the money deposited in bank, so leaving one's money in a digital asset is more safer.

[AmoreJaz]

Making deposit in bank doesn't nowadays doesn't give any profit, the interest is something next to none. In that o mean the banks are just there to make profit for themselves using depositors money without corresponding returns as profit.

Gold is a good asset to invest in as it doesn't depreciate in value like fiat money. The value of gold in the market keep adding as demand for it arises. One of the great ways to insure your money not to loss value in years to come is for you to invest it in buying gold  instead of depositing your fiat in the bank.

we all know that depositing in a bank is just for safekeeping purposes. you don't expect for the interest earned as it is like dust. but if you avail their other financial services like time deposit and other high-interest services, then maybe you can get something.
so some people are still using traditional banks to secure their funds and not because of the interest. and of course if you want to diversity go for tangible assets like gold. there's nothing wrong in diversification of funds. it will give you better security if anything goes wrong in one of your assets.
either options, it is up to you. what are your goals for your funds, safekeeping, assurance, high interest and others?

[panganib999]

Soon as a financial crash happens, banks are the first to suffer its detriments. If you are keen on losing your money in arguably one of the most important times you will ever need it in your life, then go! Invest in a bank and let’s see how things go for you. But if you are interested in keeping the value of your money even in financial crises like bank runs, financial crashes, and even war, then go invest it into commodities and assets like gold and bitcoin. That’ll guarantee that no matter what happens to the outside market, your money is safe and remains valuable, perhaps even after you die. So make your choice. Blue pill vs.  Red Pill your way out of this one and see for yourself if investing your money in a bank is the best way to go or are you sane and would go for the most logical option which is to invest it in gold and other forms of appreciating assets.

[Fatunad]

Making deposit in bank doesn't nowadays doesn't give any profit, the interest is something next to none. In that o mean the banks are just there to make profit for themselves using depositors money without corresponding returns as profit.

Gold is a good asset to invest in as it doesn't depreciate in value like fiat money. The value of gold in the market keep adding as demand for it arises. One of the great ways to insure your money not to loss value in years to come is for you to invest it in buying gold  instead of depositing your fiat in the bank.

we all know that depositing in a bank is just for safekeeping purposes. you don't expect for the interest earned as it is like dust. but if you avail their other financial services like time deposit and other high-interest services, then maybe you can get something.
so some people are still using traditional banks to secure their funds and not because of the interest. and of course if you want to diversity go for tangible assets like gold. there's nothing wrong in diversification of funds. it will give you better security if anything goes wrong in one of your assets.
either options, it is up to you. what are your goals for your funds, safekeeping, assurance, high interest and others?

Even if you would really be having that time deposit or whatever those offerings but still the % on annual basis isnt something that you could boast on and this is why its never been that ideal nor worth on making
your money stay and stored up on your bank account but instead it would be ideal if things to be applied on an investment which you do know that you could really be able to gain benefit if ever it would be succeeded.
But we know that there are people who cant just able to bare up such risks and this is why they would be deciding on making themselves to store up their fiats on banks and would really be able to have a good sleep.

Oh well, this is a common human being behavior on which there are ones who are risk takers and there are ones who do really love to play on the safer side and wouldnt be bothered on what goes around.
Some would really be sticking into those traditional things no matter what and would really be that close minded on whatever things that they would really be able to see around.
As long they do saw their fiat is on safekeeping then that what matter the most.

[Baoo]

To be honest, depositing in banks is perilous and unsafe during this rough period due to the widespread inflation in global economic and regrettably it is predictable to be increased in the near future. From my perspective, investing in BTC is more profitable than in Gold but in long term and having multiple strategies is very important to guarantee a fixed returns. In fact, Bitcoin provides financial freedom but it takes time to be achieved and needs discipline and good decisions making. There are multiple sources of money, if you have knowledge and skills, you will easily accomplish goals and reach financial stability.

[bettercrypto]

If I have money, maybe I will put it in the bank, but I will put the majority of my money in gold, because in the bank it is only fixed at a percentage per annum while in gold it is not like that.

       This means that the profit level that can be obtained here between the banks is higher. Although I'm not saying that the bank is bad when it comes to keeping our money in it. That's why I'm more comfortable not putting my money in the bank than putting a lot of money in it.

[serveria.com]

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's a weird question to ask on a Bitcoin forum.  Bitcoin can't go bankrupt, it has no CEO, no board of directors, it never sleeps, it has great uptime and it can't be confiscated. Bitcoin doesn't take loans and it doesn't risk with customers' (users') funds. It's not dependent on any country's economy. What else could you wish for?

[Smartvirus]

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?

When it's got to do with local banks, it doesn't matter the strategy you take or not take. All road still leads back to them when you have your savings in fiat or buy gold with same bank.
Should there be issues of the bank going bankrupted, your savings in both fiat and gold for commodity would be laid waste as well. Gold might attain some solid state but still, your portfolio could still be liquidated and used to perform other banking options untill they lack the ability to pay.

This is why, its of importance that, you diversify have some of your portfolio in other valuable gorms and when using the services of local banks, don't stick to just one.

[awik p]

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?

When it's got to do with local banks, it doesn't matter the strategy you take or not take. All road still leads back to them when you have your savings in fiat or buy gold with same bank.
Should there be issues of the bank going bankrupted, your savings in both fiat and gold for commodity would be laid waste as well. Gold might attain some solid state but still, your portfolio could still be liquidated and used to perform other banking options untill they lack the ability to pay.

This is why, its of importance that, you diversify have some of your portfolio in other valuable gorms and when using the services of local banks, don't stick to just one.

risks will exist in all areas and what we do. therefore diversifying the assets that we have is very important so that if the worst risk occurs, we still have assets in other fields. and in diversifying the assets we must also classify them according to the level of risk when compared to inflation. just like we save in fiat currency, of course it will be different from gold or bitcoin, and another thing if we invest in property, everything has its own advantages and disadvantages