Deposits-in the bank or in gold?

[lienfaye]

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'll go for gold rather than saving my money in banks. Because gold is a good investment, the price is consistently increasing, though the progress is not that fast and it can take months or years. On the other side, yes there's a risk if you save in bank and the common is, the possibility to go bankrupt during inflation. But you don't have to completely get rid of saving in banks. We still need it since it is accessible especially for emergencies hence it would be wise to still have an account. However, take a precaution of not putting a huge money.

Anyway aside from gold, you can invest in Bitcoin (as others have said already) because diversifying is better since it can minimize the risk and can improve your profit.

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[bakasabo]

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'll go for gold rather than saving my money in banks. Because gold is a good investment, the price is consistently increasing, though the progress is not that fast and it can take months or years. On the other side, yes there's a risk if you save in bank and the common is, the possibility to go bankrupt during inflation. But you don't have to completely get rid of saving in banks. We still need it since it is accessible especially for emergencies hence it would be wise to still have an account. However, take a precaution of not putting a huge money.

Anyway aside from gold, you can invest in Bitcoin (as others have said already) because diversifying is better since it can minimize the risk and can improve your profit.

Gold is the good option as long as you can get it physically and hold it. For example it is quite hard to buy gold for, for example, $1234, you can only buy it form of ingots for specific price. But it is easy to deposit any amount to bank account.

A lot of people choose gold, but keep it in their banks safety boxes, or buy $1234 worth of gold in bank online, which is imo similar to buying virtual gold, virtual asset. That isnt much different from keeping fiat money in bank. Because in case bank goes bankrupt, it wont issue you $1234 worth gold ingot or give access to safety box, as it will be under arrest or investigation and wait for commands from liquidator.

[Joshapat]

Until now I have never bought gold in large quantities, this is because I prefer other types of investment, for example stocks or property, in my opinion gold investment must be supported by good security, people deposit gold in banks with fees that can reach 1% per year and in my opinion is the wrong thing, it's better to buy a special safe to store gold.

[yudi09]

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?

Deposits in banks or gold? Try it on gold instead of depositing it in a bank.
Making deposits at a bank has certain rules that must be complied with by customers.
For me, it's better if we stay away from so-called banks and buying gold can be an alternative investment.

Why not invest in Bitcoin to protect your savings.
Investing in Bitcon is not complicated or foolproof. Moreover, at this time the price of Bitcoin is experiencing a decline in price.
By investing in Bitcoin, we only need to properly secure the seed phrase or private key as access to the wallet where we store the assets.
In terms of returns, Bitcoin is bigger than gold.

We only suggest. The decision rests with the OP himself.

[AnonBitCoiner]

inflation become higher sometimes due to the harsh situations of countries so in that situations saving your money in bank is full of hazards so its important to avoid losing money by removing your money from bank. So I think that whenever a person want to save his money he should select gold which cannot go completely down in value.

A person cannot saved all amount of money with him due to robbery but he can save by investing that money in some business but for that business experience is necessary. Buying gold is the only way that doesn't require any experience and you will not face too much losses but instead you will enhances your money year by year.

[spiker777]

Until now I have never bought gold in large quantities, this is because I prefer other types of investment, for example stocks or property, in my opinion gold investment must be supported by good security, people deposit gold in banks with fees that can reach 1% per year and in my opinion is the wrong thing, it's better to buy a special safe to store gold.

you are right. I also said that before that it is best to store gold in a safe or in a locker instead of depositing them in bank. that's much more secure and convenient as well because you could be able to take your gold anytime you want.. in banks there are many long procedures for that.

A person cannot saved all amount of money with him due to robbery but he can save by investing that money in some business but for that business experience is necessary. Buying gold is the only way that doesn't require any experience and you will not face too much losses but instead you will enhances your money year by year.

Gold also have the risk of robbery bro. you can't say buying gold is 100% safe. there will always be the tension of getting robbed.

[Hispo]

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 you want to buy gold, it would make more sense if you get it physically and keep it in a safe place yourself. Papers issued on reserves of gold are prone to scams or corruption by the issuing entity, they could emit more paper than gold in their reserves.

Self custody is the key word, that is why I like Bitcoin and cryptocurrency in general.

Also, if you ever want to adquiere gold, please do it from highly reputable vendors. It is not a secret there are scammers who sell tungsten bars painted golden.  

[molsewid]

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?

Right now, instead of keeping my money in banks I rather put it in Binance or any trusted wallet but I scatter it I mean I will not put big amount of money I just 1 wallet, I will just make sure that these wallet has multiple factor authentication that cannot be hack so easily. You can also try to put something in earn program of binance so that your money will grow little by little if you want.

[KingsDen]

Until now I have never bought gold in large quantities, this is because I prefer other types of investment, for example stocks or property, in my opinion gold investment must be supported by good security, people deposit gold in banks with fees that can reach 1% per year and in my opinion is the wrong thing, it's better to buy a special safe to store gold.

Different people has different method of investments in order to fight against inflation. But personally, I'm not a fan of buying gold. I have never even bought gold, because I do not believe it to be an absolute hedge against inflation. I rather go with Bitcoin. Bitcoin investment is something that I can control and be able to sell whenever the market is going against me very easily. Apart from Bitcoin Investments, real estate is another aspects of diversification. However, this does not mean that gold is not among the best to fight inflation. But I am not a fan of buying it, unless I want to have it as a jewelry, which is not among my plans for now.

[southerngentuk]

I think it is understandable that you want to buy gold in this inflationary economic period because gold is a stable economic investment channel and is anti-inflation. And if you want to save money in a bank, I don't think you should really trust the current banking system. Instead, you can learn about bitcoin and invest in it over the long term as an asset class. Although not yet released in many countries, with admirable development, this is a promising asset class for the future. Of course, there are still some risks, but they always come with commensurate returns.

[durop77]

It is better to invest in gold, the banks will now burst and the solid will remain, although there are deposits that can be guaranteed to quickly receive income.

[dmamigo]

Invest in Gold but not at once and also not the complete amount you have in liquid. Keep some liquid funds in your bank account or do some deposits with an easy withdrawal option. But good returns will be from the Gold investment. You can also try Silver because it is giving good returns and also it keeps the potential to give a good return in the future.

[glendall]

investing in gold is better than deposits in banks, especially now that during the inflation period there are many bankrupt banks, it is unlikely that deposit funds that have not matured will be paid by the bank,
If you are in this forum, you must have read about alternatives to saving in banks and gold. You can also save your funds in crypto, but in saving in crypto, we have to be right in choosing what coins we will invest in.

[coinerer]

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?

Bank Deposit or Bank FD are not profitable now.  Because the bank gives a maximum interest of 4-7% but every year the price of goods in the country is increasing at a higher rate, so if you keep money in the bank, the value of the money is decreasing. so now the best plan is to invest in a strong and valuable asset like gold, land etc. these will hold the value of money. If we focus on digital assets, then Bitcoin is also a solid investment asset. Here too some money can be invested.

[Dr.Bitcoin_Strange]

I prefer a deposit in the bank rather than gold, this is because saving money in the bank is safer and of course getting security guarantees so that when things happen then we can claim, in contrast to saving money in gold so if we are lost we cannot do anything.

Everybody has a choice, but sometimes the choice of every individual is still what can be problematic at times. Let me give you an example: imagine you have gold that is worth about $20,000, and you sold the gold and deposited the money in the bank because you thought that it was safer to keep your money in the bank than secure the gold yourself. After you have done that, let's say in the next five years, the gold you sold for $20k increases to $45k, which means that while the money you deposited in that bank has only yielded 50% and the things you want to spend that money on might have gone up in price by about 10%, you will definitely spend all that money, and it will not even look as if you had any interest on that money you deposited because inflation will go high and the purchasing power of the money will also reduce so badly. So at that point, you would wish to keep your money in gold since it also generates value as time passes.

[Fesatmas]

Until now I have never bought gold in large quantities, this is because I prefer other types of investment, for example stocks or property, in my opinion gold investment must be supported by good security, people deposit gold in banks with fees that can reach 1% per year and in my opinion is the wrong thing, it's better to buy a special safe to store gold.

Yes that is true, is a comfortable feeling when investing in the emas then we keep it in the safe kit itself, but I think it will be very dangerous if there are family members who know besides people we can trust such wives, especially if we know that we have Gold in a safe at home, it will cause excessive anxiety while on vacation. 1% maintenance costs in the bank are burdensome to us too, because from what is benefited from gold sometimes in a matter of years can be with the same value, but to withstand the value of inflation is the right choice.

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?

Right now, instead of keeping my money in banks I rather put it in Binance or any trusted wallet but I scatter it I mean I will not put big amount of money I just 1 wallet, I will just make sure that these wallet has multiple factor authentication that cannot be hack so easily. You can also try to put something in earn program of binance so that your money will grow little by little if you want.

It might be a pretty good alternative choice, where we can staking our crypto and earn income from the crypto that we stake, with a fairly calculated, and capital gain when the crypto that we stake has increased in price.

[Yatsan]

Well gold is a better option especially if you are into  long term holding;rate of increase is higher which will basically generate profit but this is only if you can provide the security to your asset. The advantage of bank is them handling your money for you and that includes securing your funds. Unlike with investments such as gold, you are the one responible for it whether its price would fall or lost assets. Therefore it is a matter of preference.

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?

Bank Deposit or Bank FD are not profitable now.  Because the bank gives a maximum interest of 4-7% but every year the price of goods in the country is increasing at a higher rate, so if you keep money in the bank, the value of the money is decreasing. so now the best plan is to invest in a strong and valuable asset like gold, land etc. these will hold the value of money. If we focus on digital assets, then Bitcoin is also a solid investment asset. Here too some money can be invested.

I agree, the increase with the depositied value is not catching with the faster rate of increase on the price of marketable goods. Therefore, it is just more of ystematic way of saving. Banks would also imply taxes with transactions which is a disadvantage from choosing a profitable asset.

[ZAINmalik75]

In my mind the best choice will be gold but if your are in favor of long term investment because there is no affect on price of gold due to inflation and the reason is fixed supply, also with time to time it's prices increase slowly but steady. While on the other side in current time deposit in centralized bank will be risky because of bankruptcy cases of few big names banks like silicone valley bank and many more, and also devaluation of deposit currency in bank damage your portfolio.
But you can invest small amount in any other small business to get instant and quick profit because profit from gold will take time..

[RewFrew]

There are many problem in Bank i think in this economic situation. Although investment in Gold is better than Bank investment. But i think In Bitcoin investment is best.

I think If you invest in cryptocurrency Like Bitcoin it will give you good return from Bank or gold. Now Bitcoin price is very low. If you invest in Bitcoin, when will start bull market then it will give minimum 2x-3x profit there has no doubt. So i tell you you can invest in gold from band otherwise you can invest in Bitcoin. 

[MFahad]

deposit money in bank as well as gold both are beneficial and both have some sort of risks so if you want to be successful you should avoid the risk because there is no any field of saving money which has zero percent risk. Although the risk with gold is not such high because I have experienced that gold never make its investor unhappy and hopeless because when I was 14 years old that time the price of gold was 20k something but now as numerous years passed so we can see that it does not come back to 20k but instead it goes higher and higher so just choose gold instead of saving money in bank.