Deposits-in the bank or in gold?

[lizarder]

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 two choices are faced by me then gold is the choice, there is a basis why gold is the best choice compared to deposits. In the case of security and maintaining the value of money that we have deposits do not offer a better choice, for example a bank bankruptcy occurs and the value of the currency is depreciating day by day. Gold played an important role during its heyday, where the ancients used gold as a transaction tool and the advantage was that the value of gold did not depreciate. While deposits are products issued by banks, you rely entirely on a centralized system whose security we cannot guarantee in the long term.

The right choice is choosing gold to save and you don't have to worry about the value depreciating at any time, even though talking about profits may not be the same in a short time. If you want to be safer, you don't need to buy gold at a bank and follow their system, gold can be purchased individually at a place that sells it and you can safely store it yourself.

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[Mame89]

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 have always thought that deposits and gold are different. Deposits are parking funds that will be used, while gold is a fixed asset. Or in short, deposits are capital, while gold is an asset. This is a personal financial perspective.

Both are actually detrimental for those who want to think far ahead.
Deposits, the tax is very large, namely 20%.
Gold is also a very large purchase and sale tax.
If we borrow from a non-subsidized bank, we are subject to interest of 19% per year, while deposits are only given 3% interest after deducting taxes.

If we have an Entrepreneurial mentality, it would be nice not to buy gold for our capital and not for our capital to be deposited.
You may set aside some of your business profits to buy gold and for deposits. But here I suggest for Bitcoin Investment.

There is no single asset that can beat inflation except bitcoin. IMO
That's where our brains have to work extra, forget about assets before we have some profits to buy them.
remember..
Use our assets that produce and grow in times of inflation.

[marcous]

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.

Investing in gold is more recommended than saving bank money, investing in gold is very profitable every year because the price always increases and the risk is low for investment, even though the economy is experiencing international inflation, the price of gold has remained stable until now, but if you save money it will impact the value of the currency. low the impact of inflation that is being experienced in each country.

[aksplace]

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. 

We can diversify assets for investing in gold and bitcoin, both are a good combination to minimize losses if the price of bitcoin falls during a bearish market, then the profit from gold will cover the losses from investing in crypto and will generate high profits if the prices of both assets experience high increases, so there must be balancing assets from gold investments to cover high losses if bitcoin price has dropped significantly

[DeathAngel]

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 on bitcointalk.org & you are asking if it’s best to save money in good or your fiat bank?

Seriously, dude what is wrong with your line of thinking?

The answer to your question is neither, deposits in the bank go there to die via inflation & gold is an extinct investment. Save your money in bitcoin, the best performing inflation hedge of the last decade.

[tjtonmoy]

I think you can't compete with the inflation happening over and over with bank deposits. Because the interset they give you is very low compared to what you can earn with it. And as you mentioned, the fact about banks going bankrupt. It is never a good idea when it comes to make a savings by depositing in banks. Gold is a good idea, but it takes so much time to get its value up. But given the time period and price, the profit can't be that much. In gold investing, it takes patience and will to hold for a long time. So why not invest in Bitcoin instead? I am not saying you should do it right away. Do your research before you do. In the end, it's your money, so use it as you want.
The best thing about Bitcoin is that, it can give you a lot in return in profit which golds can't. But you need to know about market volatility. So my pov.
Bitcoin= good profits in the long run, but includes risks.
Gold= Return is not much acceptable given the fact that you're also spending almost the same amount of time as bitcoin but the return is so small. But this is the safest bet to me to hold cash/invest.

[STT]

The problem with security of the bank vs the gold is that the most common storage of bigger amounts of gold is within the vault of a different kind of bank able to store gold, silver and all the precious traded metals.    That security and ease of access could be equal in both cases, gold price moving around so much could cause upset and mean pressure of the vault to comply with new laws that cause their customers problems.  For example from my own experience I have had gold withheld that I owned from September to March before I was allowed to access it, if I had been especially desperate for liquidity that would have caused me great trouble.   The gold was fine in theory but theres always paperwork whatever you own it seems, someone wants to double check everything and it can take forever it seems a problem all assets have.

[Uruhara]

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.

Well that's right. Because basically the value of gold remains the same from year to year. what makes it look more expensive is because there is a decrease in the value of the currency itself which is affected by inflation from year to year.

So keeping savings in the form of gold is indeed the wisest step that can be taken. Because gold has been proven to be able to maintain its value.

[Swordsoffreedom]

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. 

We can diversify assets for investing in gold and bitcoin, both are a good combination to minimize losses if the price of bitcoin falls during a bearish market, then the profit from gold will cover the losses from investing in crypto and will generate high profits if the prices of both assets experience high increases, so there must be balancing assets from gold investments to cover high losses if bitcoin price has dropped significantly

Not gonna lie i am prefer to your opinion. We should put our money both in bitcoin and gold. If we have diservication investments like bitcoin and gold so they will offside the loss and profit each other

Although bitcoin's returns outperform gold, it still has certain risks, such as high volatility or its future being as uncertain as gold's, so asset diversification is essential. Don't just focus all assets on bitcoin, when investing we need to calculate the risks encountered, not just think about the profit.
Many people here don't like gold simply because gold is not too volatile and doesn't give them much return, but they forget that high return comes with high risk, bitcoin is not as perfect as many think.

[Smack That Ace]

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 on bitcointalk.org & you are asking if it’s best to save money in good or your fiat bank?

Seriously, dude what is wrong with your line of thinking?

The answer to your question is neither, deposits in the bank go there to die via inflation & gold is an extinct investment. Save your money in bitcoin, the best performing inflation hedge of the last decade.

What's wrong with this question? Yes, this is a bitcoin, cryptocurrency forum, but there is no rule that prohibits us from discussing things that are not bitcoin or crypto-related. Moreover, we're on the economics board of the forum, and this kind of question fits perfectly here.

Are you sure bitcoin is the best hedge against inflation in the last decade? What is happening to you if you invested bitcoin at $69k and now your asset is not eaten away by inflation from 1% or 5% of its value, but your wealth is losing more than 50% value? In the long run, bitcoin can be a perfect hedge against inflation, but in the short term, I am not sure about that. Gold is no longer good for you, but to the world, it is still the best and most trusted store of value in the world.

[Mauser]

 

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?

Protecting our money against inflation is one of the most important challenges we face today. In many countries we have inflation rates of 7-10% for more than a year. There are a few ways how as can try and save the value of our money. Depending on the country you live in I wouldn't worry so much about bank insolvency, because our deposits are usually guarantees by the government. If you hold debt or equity of the bank I would worry more. When buying gold there are two ways to do it, physical and synthetic. If you want real gold than the bank will put it in a vault and it's also protected from a bankruptcy, but you have to pay storage fees. Much cheaper is to buy an ETC, that gives you the return of the gold price, without actually owning any. The question is if the return on your bank deposit or gold holdings is going to be enough to offset the inflation rates. In my opinion it would be better to invest in crypto currencies.

[vanesha]

if I choose, I prefer to save gold. but deposits are not too bad if we as business people take advantage of the deposit industry. I think if we are a businessman it is suitable for deposits, but if thinking for a very long term, gold is still the best. I saved gold first but if in the future there is more money the deposit is not bad.

[leonair]

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 am not in any way advocating depositing money in the bank. as the value of the money kept in the bank decreases, there is also a lot of risk because there is a possibility of losing the money if the bank somehow goes bankrupt. But on the other hand, if you invest money in gold, the value of the money will be right and the risk here is very less. So if you compare bank and gold then it is better to invest in gold.  But if you plan to make more profit then Bitcoin can be applicable but there is high risk here

[gaston castano]

Inflation can erode the value of savings over time, so it's important to find ways to protect your savings from inflation. While banks do provide deposit options, as you mentioned, it's also true that they can go bankrupt. It's worth noting that in many countries, bank deposits are insured by the government up to a certain amount, so it's important to check what kind of deposit insurance is available in your region

[spiker777]

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.

those who invested in gold 20 years ago and kept them until today those people are really fortunate but for now we don't know if gold price will go that much high like it did in past or not.. god price is still slowly increasing but not as much as it used to increase before..
Gold is good if someone is planning to go long term like for maybe 20 years. if  you can buy gold now and keep them for 20 years you might end up in profit.

[Iadegbola34]

While it is possible to purchase gold through a bank, there are also other ways to invest in gold, such as through exchange-traded funds (ETFs) or physical gold bullion. When investing in physical gold, it's important to consider storage and insurance costs, as well as the potential for fluctuations in the price of gold.

It's also worth noting that while gold may be a good option for protecting against inflation, it may not necessarily generate interest in the same way that bank deposits do. However, the potential for capital appreciation over the long term may offset the lack of interest income.

Ultimately, the decision of where to invest savings depends on an individual's specific financial situation and goals. It's important to do thorough research and seek professional advice before making any investment decisions

[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?

What about gold? Doesn't it have the same qualities as well? There is one difference between Bitcoin and gold and it is that Bitcoin is way more volatile than gold, the price of gold doesn't fall as much as it grows over time while Bitcoin's price growth and drop speed are pretty much too high when compared to gold which makes it a more risky investment.

But I don't recommend someone buy and store gold in a bank, that doesn't really give someone an edge over inflation since it is again in the custody of centralized authorities and inflation can affect it for sure.

Not really, I mean it has some of the qualities Bitcoin has but it can be confiscated, it's a nightmare to store and transport. And you're right, Bitcoin is volatile short-term, but if we zoom out it only offers gains to long-term hodlers. And if the OP was asking about deposits he most probably is intending to keep his investment for some longer period of time.

[rhodelmabanal]

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?

Putting money everywhere is risky, putting it in a bank or even buying gold as investment or crypto is risky but it is normal because you put your money in others hand to earn interest and earn, for me investing gold or crypto is the best option it is also risky but if you are lucky you can get a big return from the money you capital in buying it than putting it in a bank.

[safar1980]

While it is possible to purchase gold through a bank, there are also other ways to invest in gold, such as through exchange-traded funds (ETFs) or physical gold bullion. When investing in physical gold, it's important to consider storage and insurance costs, as well as the potential for fluctuations in the price of gold.

It's also worth noting that while gold may be a good option for protecting against inflation, it may not necessarily generate interest in the same way that bank deposits do. However, the potential for capital appreciation over the long term may offset the lack of interest income.

Ultimately, the decision of where to invest savings depends on an individual's specific financial situation and goals. It's important to do thorough research and seek professional advice before making any investment decisions

It seems to me that deposits in banks do not save even from inflation, and when you bring gold to the bank for sale, you may be required to have many different income documents, and you will have to sell gold cheaper to private buyers. Cryptocurrencies also have a lot of risks, but then buying real estate can become a more acceptable option for preserving wealth

[lixer]

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.

Silver might provide good returns as well but Gold seems to be a better investment for the long run due to the lower risk factor and it is also more valuable and unique than Silver and we all know what happens when something has a limited supply and a very high demand, Bitcoin is a live example of that in front of us.

One can also invest in real estate if they have enough liquid to spend after buying Gold and Silver, real estate is a great investment for the long run considering the prices of properties keep increasing almost every month in any part of the world.